Visionet Systems Inc.
has announced the hiring of Dylan M. Hoyt, a 22-year veteran of the mortgage industry, to serve as the firm's Vice President of Underwriting and Client Relations.
"Dylan has extensive background in both secondary marketing and origination operations, including underwriting, post closing, securitizations due diligence, product development, and collateral curement," said Alok Bansal, Managing Director at Visionet Systems. "Dylan has spent much of his career analyzing financial data, implementing policy and procedures, performing compliance audits and risk management reviews. He will be a great addition to our team."
Hoyt has held management roles for Bear Stearns, Goldman Sachs, and more recently, with Texas Capital Bank as Vice President of Warehouse Lending, managing an average monthly pipeline of 20,000 units. He partnered with his clients, many of the top mortgage lenders in the industry, by reducing inefficiencies in the aging of warehouse lines through resolving salability concerns, managing the aged custodial collateral process, managing the QC monitoring procedure, performing all jumbo loan reviews, and acting as a key contributor to new client on-boarding due diligence.
Before that, Hoyt served as a DE Underwriter for government loans, handled credit due diligence for a Goldman Sachs conduit, supervised post closing for MetLife and served as Vice President of Credit Risk. He started his career as a Mortgage Backed Securities Underwriter for EMC Mortgage, a Bear Stearns conduit.
"Visionet is very strategically placed in the mortgage business and I am very excited to join them at this juncture," Hoyt said. "With their relevant domain experience and deep investments in technology, I am confident that we will be able offer significant value to the lending community."