Promontory MortgagePath, a provider of next-generation mortgage technology and loan fulfillment services, recently added three senior-level employees in an effort to expand its relationship management and sales efforts. The new hires will focus on bank relations, technology and outsourced services opportunities, according to a company press release.
A long-time American Bankers Association (ABA) executive with more than 30 years of experience in business development, state relations, association leadership, and public policy, Paul Katz will serve as Promontory MortgagePath’s new head of bank relations, reporting to company CEO Bruce Witherell. In his role, Katz will be responsible for expanding the company’s presence in the banking and credit union space.
Katz previously served as executive vice president of the ABA State Association Alliance, managing the strategic alliance between ABA and the 50 autonomous state bankers associations.
Scott Stein has joined the company’s technology unit, PromonTech, as regional vice president of sales; and David Sears has joined the company’s fulfillment unit, Promontory Fulfillment Services, as regional sales director.
Stein most recently worked for Maxwell Financial Labs, a digital mortgage cloud software provider, serving as vice president of sales and business development. Before that, he was the vice president of sales for Roostify, an early entrant into the point of sale space, executive vice president of sales for Mercury Network, a leading appraisal vendor management software provider, and president and CEO of Xetus, a loan origination software developer.
Sears joins Promontory Fulfillment Services from Gooi Mortgage, a provider of back office mortgage fulfillment services, where he was a regional account executive. He also has held several senior level sales positions with leading correspondent and wholesale lenders, such as Platinum Mortgage, Plaza Mortgage, Michigan Mutual and Security National Mortgage.
“We are seeing a growing acceptance and adoption of both our technology and outsourced fulfillment offerings, as well as a strong interest in digital solutions from the banks and credit unions,” Promontory MortgagePath CEO Bruce Witherell said in the release. “The addition of consultative executives of the caliber of Paul, Scott and David will accelerate this growth.”