LoanLogics, a loan quality technology company for mortgage manufacturing and loan acquisition, has made several executive leadership changes, including the departure of CEO Bill Neville, who hands over the reins to new CEO Dave Parker.
Parker joined LoanLogics in 2019 as senior vice president of product management and most recently served as executive vice president of product. As CEO, he plans to ramp up the company’s efforts on automation and new technologies that will enable lenders and servicers to address rising levels of costs and excel despite the current downturn in mortgage originations. Parker has held senior leadership positions at Fiserv, CoreLogic and Wells Fargo Home Mortgage.
“Bill’s leadership through one of the most dynamic eras in our company’s history has been remarkable, ” Parker states. “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.”
Neville joined the LoanLogics board of directors in 2017 before being appointed president and COO in 2018 and CEO in 2019. While at the company’s helm, Neville reshaped the company’s leadership team and piloted the company through its acquisition by an affiliate of Sun Capital Partners in 2021 and its own acquisition later that year of LoanBeam. Neville played an instrumental role in LoanLogics being selected as the technology provider behind Freddie Mac’s FAST. He also helped form the company’s partnership with Finastra. Prior to joining LoanLogics, Neville served as president of North America for Finastra and served as president of U.S. business to 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 says. “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.”
“Bill has also left LoanLogics in peak operational shape to weather the current industry conditions and thrive beyond them,” Parker adds. “We are grateful for his enormous contributions and bid him the fondest of farewells.”
In other executive leadership team changes, Paul Vancheri, the company’s former executive vice president of technology and operations, has been named president and COO. He was first recruited to LoanLogics by Neville in 2019.
“Our leadership team represents the perfect blend of expertise in mortgage operations and groundbreaking technology innovation,” Parker concludes. “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.”