Industry Spotlight

Fintech startup LenderClose recently announced that it is adding three new employees to meet growing client demand from community lenders nationwide. The Des Moines-based company has added more than 15 employees in the first half of 2019, according to a press release.

FormFree recently entered into a strategic partnership with FundingShield, a fintech firm which provides wire fraud protection to homebuyers, mortgage lenders and title insurance underwriters.

Calyx recently announced hired Robert Shumake as a national sales consultant for the company, which provides comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers.

CyberScout, which specializes in identity theft resolution, data defense and employee benefits services, recently appointed Jennifer Leuer as its new CEO, effective June 24, 2019. Leuer joins CyberScout from Experian where she served as president of Partner Solutions, according to a press release.

LoanScorecard, which provides non-agency automated underwriting systems (AUS), recently partnered with Nations Direct Mortgage (NDM) to power DirectQual, a pricing and scenario tool designed to provide preliminary pricing for various loan scenarios.

Wells Fargo recently named Debra Chrapaty its new chief technology officer, making permanent a role she had held in an acting capacity since May. She will continue reporting directly to Saul Van Beurden, head of Technology at Wells Fargo.

The Mortgage Bankers Association (MBA) recently launched a new strategic initiative to help develop stronger and more effective affordable housing partnerships in both the policy and business arenas.

Gateway First Bank in Oklahoma announced the appointment of Natalia Coen as its new chief compliance officer. Coen will be responsible for planning, developing and managing the execution of a compliance management system and any related initiatives at one of the 10 largest banks by asset-size in the state of Oklahoma and one of the largest mortgage bank operations in the country.

Navy Federal Credit Union recently promoted Anthony “Tony” Gallardy to serve as the company’s new executive vice president and chief information officer, taking over for Bill Hills, who decided to retire after nearly a decade working at the credit union.

NewDay USA, the country’s eighth largest lender of mortgages backed by the Department of Veteran Affairs (VA), recently renewed its warehouse facility with BankUnited for $100 million. With the renewal, the company has $400 million in warehouse commitments, including Texas Capital Bank and People's United Bank, according to a press release.