Industry Spotlight

LoanLogics, a provider of loan quality technology for mortgage manufacturing and loan acquisition, recently announced the hiring of veteran mortgage technology executive David Parker as its new senior vice president of product management.

Ellie Mae recently hired Dave Ard as the cloud-based mortgage industry platform provider’s senior vice president of enterprise sales. Ard will oversee the company’s enterprise team of account executives and relationship managers responsible for providing digital mortgage technology to the largest lenders across the country, according to a press release.

A new program offered by NewDay USA, a nationwide VA mortgage lender, is designed to help active servicemembers and military veterans purchase homes with no down payment and no money out of pocket for closing costs.

Plaza Home Mortgage, Inc., one of the nation’s leading wholesale and correspondent mortgage lenders, today unveiled a new corporate identity and tagline: Here for You.

Wolters Kluwer recently announced that its compliance solutions business has formed a strategic partnership with CRMNEXT to enhance deposit product innovation and functionality using Wolters Kluwer’s Expere Deposit solution. This partnership was intended to allow regional banks and credit unions to streamline the creation of compliant banking documents and services for customers, helping them transform their branch and digital banking experiences into a growth driver.

TD Bank has leveraged Roostify’s DecisionBuilder lead tool to launch a customer-oriented digital mortgage offering, combining lending technology with a human-centric approach, according to a press release.

Flagstar Bank recently announced that it has closed on a deal to acquire 52 Wells Fargo bank branches in four Midwestern states. The branches include approximately $2 billion in deposits, along with other related assets.

ACES Risk Management (ARMCO), which provides enterprise financial risk management solutions, recently announced new product enhancements designed to increase QC process efficiency and security for lenders and servicers using its auditing platform, ACES Audit Technology. The top features of the upgrade include the addition of single sign-on capability, and integration with DataVerify, according to a company press release.

Resitrader, an online digital exchange for whole loan trading in the secondary mortgage market owned by Optimal Blue, recently integrated its fully automated trading platform with LendingQB.

PenFed Credit Union recently hired Ashish Mahajan as its first senior vice president of enterprise data. Mahajan will be responsible for developing enterprise data management (EDM) functions for the country’s second largest federal credit union, including data strategy, governance and futuristic capabilities for analytics and business intelligence, according to a company press release.