LoanLogics has announced the hiring of Douglas R. Sheridan as senior vice president of Channel Partner Relationships and Strategic Initiatives, Gerard Glavey as senior vice president and chief credit officer, and Chris Howley as vice president of sales to accommodate the unprecedented growth in its business.
“These executives bring a wealth of experience in quality control consulting with clients and now can support those efforts with LoanLogics’ proven, advanced technology platform,” said Brian K. Fitzpatrick, CEO and President at LoanLogics. “Douglas is a respected sales, marketing, and strategic thinker in this industry. Gerry has decades of experience working in residential mortgage credit and compliance and brings insights that few in the industry can match. Chris has excelled in business development roles in virtually every aspect of the mortgage business over 30 years.”
In his role as senior vice president of Channel Partner Relationships, Sheridan will work with senior staff at the American Bankers Association, and other trade groups, consortiums and vendor partners to expand LoanLogics’ relationship with them. In addition, he will develop strategies to broaden the market for LoanDecisions product eligibility and loan pricing, develop new processes and applications, and work with marketing to help support and grow sales.
Sheridan joined LoanLogics from UHS America where he served as senior vice president for Production and Corporate Development and was responsible for overseeing production, accounting, marketing, and the boarding of new clients. Since 2007, he has served as chairman of HomenLoans, Inc., a firm that oversees real estate transactions including investor-based transactions. Also, prior to working for UHS America, Sheridan held a leadership position at Friedlander Financial Corp., a company that specializes in government lending.
Having assumed the role of senior vice president and chief credit officer, Glavey will develop several services, including loan indemnification, buy-back rebuttals, simulated audits, and the creation of a pre-underwriting group. Also, he will work closely with Griff Durham, senior vice president of Operations, on all post close quality control and quality assurance, pre-close quality control, due diligence services, and document processing services.
In his last position, Glavey was the senior vice president at UHS America, responsible for rebuttals, performing simulating audits. Prior to joining UHS, he spent 37 years with the Department of Housing and Urban Development, where most recently he was the director, Processing and Underwriting Division for the Home Ownership Center in Philadelphia from April 2000 through June 2011. He was responsible for the administration of all HUD/FHA Single Family Loan Origination activities, including underwriting, appraisal and endorsement for 16 states. The division Glavey led insured more loans than any other at HUD and in fiscal year 2009 insured more than 500,000 FHA loans and half the country’s 203(k) loan volume.
Having assumed the role of vice president for national sales, Howley will target the largest lenders in the mortgage arena. As he has throughout his 30-year career, Howley will focus on building relationships with senior executives, including those at the C-Suite level. In addition, he will generate business through strategic partnerships across the mortgage industry.