Skip to main content

NetMore adds David Shirk as CIO/compliance officer

NationalMortgageProfessional.com
Oct 08, 2009

NetMore America, an expanding next generation mortgage banker, has announced the hiring of David Shirk as the company’s chief information/compliance officer. Shirk brings to this newly-established position executive level mortgage management experience with over 20 years of in depth knowledge in operations, regulatory compliance and information technology. Shirk officially assumed his new role in October 2009 and will be based at NetMore’s operations center in Clackamas, Ore. “We are very excited to have someone of David’s mortgage experience and leadership ability join our management team at such an important time in NetMore’s expansion as we selectively move into new states with high potential for quality business,” commented Mark Freedle, president and CEO of NetMore. “Having just crossed the $1 billion production milestone, NetMore will leverage David’s knowledge to strengthen our information technology and compliance infrastructure in order to enhance our growth, support our business priorities and mitigate risk through our organization in the new normal residential lending environment.” In his new role, Shirk will be responsible for aligning NetMore’s information technology with the company's business and growth strategies as well as insuring compliance policies are rigorously followed. In addition, Mr. Shirk will contribute his experience, in the areas of workflow and compliance, to help further refine NetMore’s “friction free” process that has been instrumental in building the company’s business and reputation in the mortgage industry.   Shirk joins NetMore from Frontier Investment Company, a credit union owned regional mortgage company, where he served as president and chief executive officer with direct oversight of finance, operations, strategic planning and execution. Previously, he was senior vice president, production technologies at Countrywide Home Loans Inc., where he was a functional architect for their next generation loan origination system. In addition, Shirk was director of lending systems at Framework Inc., as well as a leading industry mortgage compliance consultant through his company, RegWise. Mr. Shirk has been recognized in the mortgage industry through his leadership within the Mortgage Bankers Association (MBA), the National Association of Mortgage Brokers (NAMB) and the Oregon Association of Mortgage Professionals (OAMP) and he previously served on the Federal Reserve Board’s Consumer Advisory Council. "NetMore has an extraordinary opportunity to advance the use of information technology to help build a nationwide lending platform in a responsible and strategic manner. The company is unconstrained by legacy systems, which positions us to leverage the latest technologies that can positively impact the lending value chain. I am excited about being named to this critical position and I am looking forward to playing a key role in NetMore’s expansion strategy and implementing a best in class technology and compliance infrastructure,” said Shirk. For more information, visit NetMoreAmerica.com.  
Published
Oct 08, 2009
CFPB: Some Mortgage Comparison Sites May Illegally Manipulate Results

Issues guidance warning that steering shoppers for kickbacks or fees is against the law.

Regulation and Compliance
Feb 07, 2023
MBA Seeks Meeting With FHFA Over New GSE Pricing Framework

Sends letter to agency director raising concerns about changes, including LLPAs based on debt-to income ratios.

Regulation and Compliance
Feb 07, 2023
Fed Slows Rate Hike Pace, OK’s 0.25% Bump

Rate hike is 8th since March 2022.

Regulation and Compliance
Feb 01, 2023
Report: Fannie, Freddie Note Sales Undercut Homeownership Goals

National Consumer Law Center report says sales to private investors strip borrowers of access to loss-mitigation options.

Regulation and Compliance
Jan 31, 2023
FHA Expands COVID-19 Recovery Loss-Mitigation Options

Updated and expanded options intended to help more borrowers avoid foreclosure.

Regulation and Compliance
Jan 31, 2023
The Fight Against Mortgage Fraud

Empower your borrowers with the correct resources for better compliance

Regulation and Compliance
Jan 30, 2023