has announced that veteran mortgage credit executive Elliot Salzman has joined the company in the role of chief credit officer, where he will be responsible for enhancing and overseeing the credit policy functions of the LoanLogics LoanHD platform to deliver a more comprehensive approach to ensuring loan quality. Additionally, Salzman will oversee the organization's Credit Quality Policies and Procedures.
"Very few people in our industry share Elliot's level of credit expertise or his ability to get things done. He is the best of the best," said Brian Fitzpatrick, president and chief executive officer of LoanLogics. "With a background in overseeing underwriting standards for multiple organizations, including Fannie Mae, we expect Elliot to positively influence the effectiveness of our solutions and play a major role in our future success."
Salzman has 26-plus years of mortgage industry experience, and has held numerous executive roles overseeing operations and credit policy. A former underwriting standards manager for Fannie Mae, he most recently served as senior director of Credit Operations for First Guaranty Mortgage Corporation (FGMC). Salzman's previous roles include senior vice president, director of Consumer Policy and Underwriting for BBVA Compass Bank, and vice president of Correspondent Lending for The Bank of Oklahoma.
"As a former client of LoanLogics, I have seen firsthand how valuable the company's solutions are and why they are leading the industry in the advancement of technology-enabled loan quality management," said Salzman. "After serving in operational and credit roles for most of my career, the opportunity to join LoanLogics and be a part of its future was too exciting to pass up. I look forward to being part of the company's mission to help improve loan quality, accuracy and transparency."