Lend America hires Adeel Saeed as chief information officer MortgagePress.comLend America, FHA lender, Adeel Saeed, financial services technology, paperless, mortgage analytical tools
Lend America, a leading next generation direct-to-consumer FHA
lender, announced that it has hired Adeel Saeed as its new chief
information officer. Mr. Saeed brings to this new position over 10
years of experience in the financial services technology industry
and will be responsible for managing the technology decisions and
architecture of the company with a mandate to focus on automation,
simplicity and eco-responsibility.
In this new role, Mr. Saeed has already built and implemented an
automated paperless platform for all loan originations and
processing that enhances overall efficiency, regulatory compliance
and risk management, while extending the company's commitment to
environmental stewardship.
"Adeel's extensive experience in technology, deep understanding
of the financial service industry and personal qualities made him
an exceptional fit to lead our IT infrastructure and help Lend
America manage it rapid growth," commented Michael Ashley. "In
2008, Lend America grew mortgage production to over $1.3 billion or
about 7,000 closed loans, compared to just $764 million in 2007 or
3,461 closed loans. We are now projecting full year 2009 production
to increase significantly to over $2.50 billion or 12,500 closed
loans. Within this context of growth, we are focused on continuing
to enhance our operational efficiency to achieve higher
productivity and mitigate risk throughout the lending value
chain."
Mr. Adeel Saeed joins Lend America with over 10 years of
experience in the financial services technology industry. Before
joining Lend America, Mr. Saeed was chief information officer of
Refinance.com, where he led the paperless automation initiative and
development of key mortgage analytical tools. Prior to this
position, he served as the director of corporate technology and
infrastructure at The American Stock Exchange, responsible for
managing the Exchange's key corporate technology and
telecommunication infrastructure. During his career, Mr. Saeed also
worked at Milleniumbcp, a major international retail and commercial
bank, where he was responsible for their U.S. technology
infrastructure. Mr. Saeed is a member in several associations,
including IANS (Institute of Applied Network Sciences).
"I am truly excited to join the talented team at Lend America,
stated Mr. Saeed. "Lend America's leadership team has the vision,
passion and the determination to make the company a driving force
of change in the mortgage industry and the leading next generation
mortgage banker. I look forward to the opportunity to contribute to
the company's continued expansion and success."
Lend America launched its automated paperless platform in early
February 2009, and today, all of the company's loan originations
from entry into the organization to closing are conducted as a
paperless transaction. Utilizing key technologies, this fully
integrated collaborative solution allows borrowers to e-sign
disclosure documents via a secure portal and/or submits the
documents required for their loan. In addition, the platform allows
borrowers to communicate "real-time" with Lend America's over 300
highly trained mortgage specialists and is combined with an
automated fulfillment process tracked at every step for those
without online access. Using a multi-layered SSL encryption
technology, consumer data is always secure and monitored 24/7.
For more information, visit www.lendamerica.com.
