“We are incredibly proud of the work Dave has done in a short amount of time with the company,” said Bill Neville, CEO of LoanLogics. “Dave's passion for innovation and his ability to simplify the most complex issues is unrivaled, and his leadership of our product management team and successful roll-out of multiple product enhancements have had a huge impact on our clients.”

In her new role, Clem will be responsible for developing and implementing strategic plans for all LoanLogics products and maintaining strong relationships within the mortgage industry to understand the prioritization of market needs.

According to the whitepaper, the best uses of AI and machine learning technologies within the mortgage industry reside in data and document processing. The authors explain how Capture 2.0 technologies, also known as “automatic identification and data capture” and “intelligent capture,” are able to leverage machine learning tools to determine the accuracy, quality and completeness of loan data as it is being collected from the borrower.

Launched in October 2018, FAST is an online tool that enables the physical transfer of mortgage servicing rights by extracting information from imaged documents. Leveraging drag-and-drop functionality, FAST standardizes and simplifies the exchange of documents and data, freeing lenders from managing servicer-specific requirements and processes, while also eliminating multiple, time-consuming manual steps. FAST also gives mortgage servicers a more efficient method to receive documents and data from a variety of lenders, a process that has traditionally been one of the most challenging aspects of servicing transfers.

“Liz will play a vital role in expanding our product offerings by deepening our collateral assessment capabilities and overall product strategy,” said Dave Parker, chief product officer. “Today’s collateral valuations and assessments are more data intensive and technology oriented than ever before. Liz brings her skills and extensive experience in developing solutions for mortgage lending and property valuation to collateral compliance. We’re thrilled to have Liz as a member of LoanLogics’ leadership team.”

Vancheri has significant, senior experience in the technology industry. He has worked closely with executives and corporate boards in the financial services industry, helping them navigate through complex decisions involving technology, business strategy and global operations.

“All of us at LoanLogics would like to thank Brian for his contributions to the company and our mission to improve transparency, accuracy and quality within the mortgage process,” said Howard Conyack Jr., founder and chairman of LoanLogics. “Under Bill’s leadership, we will continue to focus on operational excellence and drive technology development to remain at the forefront of industry innovation for years to come.”

The Hope Gala raises funds for a variety of patient programs and services to support cancer patients, their caregivers and those whose lives have been affected by cancer. The mission of this year’s event is providing access to care for cancer patients. The gala is in its 8th year and has raised nearly $1.5 million for ACS. It once again will feature sumptuous food, a fantastic live band, dancing, a specular auction, and with this year’s theme it will be a sports extravaganza as we celebrate/salute Philadelphia sports.

By leveraging an integration between LoanLogics IDEA™ and VirPack’s virtual document management and automated workflow platform, the companies remain at the forefront of providing market leading solutions that increase the speed and accuracy of document recognition, data extraction, and file review; and reduce the cost of creating and ensuring loan quality.

Parker will be responsible for defining and executing the vision and direction of the company's product portfolio to rapidly grow sales, customer engagement and retention. He will also be responsible for designing new solutions for the industry's current challenges while positioning LoanLogics for the market's future demands.