Loan-Score Appoints David Colwell Executive Vice PresidentMortgagePress.comLoan-Score Decisioning Systems, financial services, residential lending markets
Loan-Score Decisioning Systems, an enterprise-class pricing and
automated underwriting solutions provider, announced that it has
named David Colwell executive vice president. The position is a
newly created role that will focus heavily on developing the
compan's long term business strategy.
Previously, Colwell was Loan-Score's senior vice president of
solutions, but has stepped into the new role to help guide the
company through a recent growth mode. Colwell brings more than 20
years of financial services experience to the position and will be
focused on strategically expanding the company in the consumer
finance and residential lending markets.
Before Loan-Score, David was the senior executive of strategic
solutions for Portellus, a loan origination system and business
rules management provider. Prior to Portellus, David was the
managing director at Provision, a financial services consulting and
CPA firm focused on business services, coaching, value creation,
wealth/tax strategy and compliance.
David was also a vice president at Mortgage Cadence where he was
focused on strategic business development. Prior to that, he was
the managing partner of SDDC Group, a financial services consulting
firm focused on planning, technology enablement and operations
improvement, where he managed various engagements with top 25
mortgage bankers. In addition, Colwell was also the CEO of United
Capital Mortgage Corporation, a correspondent lender with over 300
employees.
Before United Capital, Colwell was a director at Cap Gemini
& Gemini Consulting, vice president of corporate finance at
Peakcok, Hislop, Staley & Given, and a senior auditor with
Arthur Andersen.
"I am excited about developing and executing Loan-Score's
strategic plan to become the leader in web-based pricing and
underwriting solutions," commented Colwell. "I've worked with lots
of technology solutions throughout my career in financial services,
and have seen some of the best and worst platforms. Our development
team has engineered what I believe to be the most configurable,
sophisticated and powerful enterprise-class decisioning solution on
the market today. There are a number of vendors that purport to
have true automated underwriting capability, but most of these
systems are light on credit analytics, thus affecting profitability
and allowing for increased exposure to risk." Colwell holds a B.S.
in business administration with a concentration in accounting and
an M.B.A. with a concentration in finance from Arizona State
University.
For more information, visit www.loan-score.com or call
(949)450-0102.
