Fintech startup LenderClose recently hired Brad Bach as vice president of sales, focusing on introducing more credit unions and community banks to the company’s digital lending platform.
With application programming interface (API) connections to every vendor it takes to originate a mortgage or home equity line of credit (HELOC), LenderClose gives loan officers immediate access to a comprehensive suite of reports and services – from credit scores and flood determinations to notary signing and county recorder services, according to a company press release. The intended result is a streamlined and vastly accelerated underwriting process.
Since launching in March 2016, LenderClose has added 100 lenders to its client list, and recently announced a growth investment to enable the company to add 25 employees in the next seven months.
Bach has more than 15 years of marketing, sales and financial services experience, having held mortgage and consumer lending roles with Wells Fargo and HSBC. He also served as a senior financial advisor for Principal Financial Group. In recent years, Bach has diversified his experience, contributing his marketing, sales and data analytics expertise to a triathlon bike manufacturer and a custom apparel startup.
“Brad’s consumer marketing expertise in combination with his systems integration experience will be a huge asset to LenderClose as we evolve the platform,” LenderClose CEO Omar Jordan said in the release. “He also has a great sense of how important customer experience is to long-term success. Taking excellent care of our clients and the borrowers we collectively serve is a foundational value of our company culture, making Brad an ideal match for LenderClose.”
In addition to its lender-facing digital hub, LenderClose plans to launch an online dashboard for borrowers, allowing them to monitor in real-time the underwriting and approval of their loans through a secure portal branded with the lender’s logo.
Community lenders interested in getting an up-close look at the LenderClose platform are encouraged to sign up for a demo at LenderClose.com. Executives from the fintech will also be exhibiting at the upcoming Credit Union National Association CFO Council Conference in Austin, Texas, May 20 – 23, 2018.