has announced the addition of Director of Technology Dan Davis to its team. Davis will apply his knowledge of technology integration and experience in the community financial institution space to further develop LenderClose’s
strategic technology investments, oversee product development and manage the startup’s programming staff.
Over 17 years, Davis worked in the IT departments of three Midwest credit unions, culminating in a Vice President position with Financial Plus Credit Union in West Des Moines, Iowa. For the credit unions, he supervised IT staff, contributed to strategic planning, negotiated vendor contracts and managed technology budgets and procurement.
“Technology integration is a massive undertaking for community financial institutions, particularly when it comes to digitizing, automating and optimizing their loan products,” said LenderClose Chief Executive Officer Omar Jordan. “Much of the challenge credit unions and community banks face stems from the fact that they rely so heavily on legacy technology to serve borrowers. As frustrating as outdated technology becomes, they can’t just ditch it. Plugging new, flexible and consumer-centric technology into those systems has the potential to get them where they need to go from an efficiency and experience stand point. And that’s why Dan is here–to get more community financial institutions into position to take advantage of the technology emerging in the space without the cost and complexity of hiring their own programming teams.”