Velocity Financial Hires Former CrossCountry CTO Dean Thevaos

Velocity Financial has appointed Dean Thevaos as chief technology officer, effective June 1, bringing a veteran mortgage technology executive to the investor real estate lending company.

Thevaos will lead Velocity's technology and engineering organization, with a mandate to enhance the company's technology platform, expand product capabilities, and build the operational infrastructure needed to support efficient, scalable growth.

"We wanted a leader who has actually built things, not just managed people who build things, and who understands how technology investments translate into portfolio performance, operating efficiency, and growth. Dean is that person," said Chris Farrar, president and chief executive officer of Velocity Financial.

"His track record across some of the most demanding environments in financial services makes him the right leader for where Velocity is headed. We are thrilled to have him join the Velocity team."

Most recently, Thevaos served as chief technology officer and head of product at CrossCountry Mortgage, where he held executive responsibility for enterprise technology.

Prior to CrossCountry Mortgage, Thevaos spent more than eight years at LendingTree, advancing through five roles to become vice president and head of engineering. 

Velocity said Thevaos' experience across mortgage lending, consumer finance, wholesale banking, and capital markets aligns closely with the operational and regulatory demands of its business.

Velocity specializes in loans for residential real estate investors and small-balance commercial properties, originating business-purpose loans through mortgage brokers and correspondent partners nationwide. The company said Thevaos will play a key role in helping the lender scale its technology capabilities and support its next phase of growth.