LenderClose has hired Dan Davis as its director of technology, the company announced.
In his new position, Davis’ focus will be further developing LenderClose’s strategic technology investments, overseeing product development and managing programming staff.
“Technology integration is a massive undertaking for community financial institutions, particularly when it comes to digitizing, automating and optimizing their loan products,” LenderClose CEO Omar Jordan said in a release. “Much of the challenge credit unions and community banks face stems from the fact that they rely so heavily on legacy technology to serve borrowers.
“As frustrating as outdated technology becomes, they can’t just ditch it,” Jordan added. “Plugging new, flexible and consumer-centric technology into those systems has the potential to get them where they need to go from an efficiency and experience stand point. And that’s why Dan is here – to get more community financial institutions into position to take advantage of the technology emerging in the space without the cost and complexity of hiring their own programming teams.”
LenderClose said Davis has worked in the IT departments of three credit unions, including a stint as a vice president with Financial Plus Credit Union in West Des Moines, Iowa. He also was a product manager and consultant for CUTEK, Inc., which provides custom programming services to credit unions.