IRVINE, Calif., May 22, 2018 (GLOBE NEWSWIRE) -- LoanScorecard®, a leading partner for financial institutions and investors seeking Fair Lending and CECL loan-loss reserve technology solutions, today announced that Raj Parekh, a mortgage technology expert with more than 20 years’ experience, joined the company as digital mortgage strategist.
In this new position, Parekh leads the development and delivery of digital mortgage solutions that increase efficiency for investors, portfolio lenders and brokers, and improve the customer experience for borrowers. This includes managing customer implementation of Zip™, the company’s mobile-friendly, LOS-agnostic point-of-sale solution for banks, credit unions and loan officers. He reports to Ben Wu, executive director of LoanScorecard. Prior to joining LoanScorecard, Parekh was vice president of business development at Insellerate, where he led efforts to increase awareness and market acceptance of Insellerate’s state-of-the-art consumer acquisition management platform. He previously held key executive positions at lead acquisition technology providers LeadPoint and ActiveProspect. Parekh also founded LeadROI, one of the first lead management and mortgage sales automation companies, which was acquired by MediaWhiz, now known as the Matomy Media Group Ltd.
“More and more millennials entering the housing market are turning to the Internet for the mortgage information they need, when they need it,” said Wu. “So, to compete in today’s market, lenders must be able to offer their borrowers a digital mortgage experience. That’s why LoanScorecard is investing not only in innovative solutions that automate the mortgage process, but also in proven leaders, like Raj, who will work diligently with clients to ensure they have the right technology in place to take advantage of this growing market.”
Parekh received his J.D. from the University of Tulsa College of Law and his B.A. in Political Science from the University of Kansas.
About LoanScorecard
LoanScorecard® is a leading provider of non-agency automated underwriting, loan pricing solutions and borrower point-of-sale designed to meet today's regulatory challenges and capitalize on current market opportunities. LoanScorecard helps institutions address CFPB regulations through its QM Findings™, the industry's first qualified mortgage (QM) engine, which has rendered more than 5 million QM findings reports to-date and supports banks and credit unions preparing for the upcoming impacts of CECL. For more information, visit loanscorecard.com or call 800-617-0892.
Contact:
Campbell Lewis Communications
Jessica Ruiz-Krout
212.995.8058
jessica@campbelllewis.com