Gateless, a Chicago-based mortgage technology company that provides innovative solutions for the entire loan process, said Thursday it has hired Rick Lang as its first chief operating officer.
In his role, Lang will drive the development and adoption of its state-of-the-art AI Mortgage product offering. He will also lead the company's new integration and business transformation consulting services.
"Gateless is focused on using AI technology to automate the underwriting of a loan to create a seamless, intuitive, real-time experience for the customer," said Chairman Victor Ciardelli. "Adding Rick to the executive team does exactly that. His considerable leadership skills and technical expertise will ensure that we achieve our goal."
Mortgage companies nationwide are looking for innovative business process management solutions. Gateless now offers consulting services to support its customers as they embrace digitization and increase cost savings and efficiency through implementing data-driven processes.
"I'm thrilled to join Gateless as we redefine how AI Mortgage is delivered," said Lang, who has more than 25 years of experience and a proven track record of helping organizations realize their strategic visions. "Our scale, scope and combined experience allow us to solve problems others can't."
Lang has successfully driven large-scale business transformation efforts and identified expense- reduction opportunities that have yielded millions of dollars in increased revenue and superior customer experiences for his clients.
While much of his recent career has focused on enabling business technology transformation and helping mortgage lenders implement and drive change, he has also held myriad executive management roles spanning sales, customer service, operations and project management.
Prior to joining Gateless, Lang spent more than six years leading the integration of Freddie Mac's origination-based technology solutions. He has also worked for industry giants such as Aegon, Prudential, JPMorgan Chase and Bank of America.
Gateless was launched in March by Ciardelli, whose transformative impact on the industry includes introducing the world's first digital mortgage in 2015. Ciardelli and his team of mortgage and technology experts founded Gateless to bring the industry next-generation loan processes by eliminating underwriting limitations.
Gateless' award-winning suite of AI Mortgage technology, which includes AI Underwriter, has been used to close more than 500,000 loans and can accelerate the loan process by up to 10 days, from application to full approval.
For more information, visit gateless.com.
