Thursday, May 01, 2008

Loan-Score adds New CTO

Loan-Score Decisioning Systems, Irvine, Calif., a provider of automated underwriting solutions to the mortgage industry, has appointed Jon McGuire as chief technology officer. As CTO, he will drive Loan-Score’s development strategy to engineer new products and enhance the company’s solution offering to deliver highly configurable, flexible and scalable solutions that easily integrate with disparate systems using Web services and contemporary architecture design.

McGuire brings more than 10 years of mortgage technology experience to Loan-Score, having served a number of technology and lending firms including ex10sion, Stonecreek Funding, Wilmington Finance and Provantedge Technologies.

McGuire said in a release that he hopes to help build Loan-Score into the "industry’s leading enterprise decisioning and risk mitigation software automation firm."

Wall Street Journal readers will recall yesterday's story about underwriting at Countrywide and the resulting problems. The time is right for a firm to offer a solution that is both flexible enough to allow lenders can get deals done and yet rigorous enough to defeat fraud and mitigate risk. What would that look like? I have some ideas, but I'm looking forward to more discussions with vendors to see what direction they are moving.

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