The current head is departing after three years with the company
New LoanLogics CEO Dave Parker (pictured) has officially taken the helm of the mortgage tech company with the aim of ramping up the company's innovation and automation initiatives.
Parker replaced Bill Neville, who stepped down after heading the company as CEO for three years. Neville joined the LoanLogics board of directors in 2017 before being appointed president and chief operations officer in 2018 and CEO in 2019. Before LoanLogics, he served as president of North America for Finastra and was president of US business of Finastra's predecessor company, D+H.
"While serving as CEO of LoanLogics has been the opportunity of a lifetime, I know I'm leaving the company in very capable hands," Neville said. "Dave Parker understands the business side of mortgage lending and has brought to market new solutions that cut to the core of what the mortgage industry needs. I look forward to watching Dave and his leadership team help lenders and servicers ride out the current market storm through new technology innovation and automation."
Read more: LoanLogics CEO Bill Neville ramps up pressure on industry to go fully digital
"Bill's leadership through one of the most dynamic eras in our company's history has been remarkable," Parker added. "From steering the company through tremendous growth that resulted in our acquisition by an affiliate of Sun Capital and by expanding our capabilities in origination automation through our acquisition of LoanBeam, Bill has set the tone for our leadership team and positioned LoanLogics at the vanguard of mortgage fintech innovation.”
Parker, a mortgage tech leader with three decades of experience, plans to boost the company's efforts on automation and new technologies that will allow its lender and servicer clients to address rising levels of costs despite the current downturn in mortgage originations.
The executive joined the company in 2019 as senior vice president of product management and most recently served as vice president of products. Prior to LoanLogics, he held various leadership positions at Fiserv, CoreLogic, and Wells Fargo Home Mortgage.
Additionally, LoanLogics has announced the appointment of Paul Vancheri to president and COO. Vancheri previously served as executive vice president of technology and operations.
"Our leadership team represents the perfect blend of expertise in mortgage operations and groundbreaking technology innovation," Parker said. "We know data is useless if lenders and servicers can't get it right. With our technical capabilities and intellectual property that place data, doc processing and rules automation at our core, we'll be able to continue lowering costs for our clients across origination and secondary market processes.
“Our goal is to help lenders and servicers thrive by staying true to our corporate mantra, 'change your logic—automate first,' which is more relevant now than ever before."
