LoanScorecard, a provider of Fair Lending and CECL loan-loss reserve technology products to financial institutions and investors, has appointed Raj Parekh as digital mortgage strategist, a newly created role.
Parekh brings more than 20 years of experience in mortgage technology to the role. As digital mortgage strategist, Parekh will lead the development and delivery of digital mortgage products, including managing customer implementation of Zip, the company’s point-of-sale product for banks, credit unions, and loan officers.
He reports to Ben Wu, executive director of LoanScorecard.
“More and more millennials entering the housing market are turning to the internet for the mortgage information they need when they need it,” Wu said. “So, to compete in today’s market, lenders must be able to offer their borrowers a digital mortgage experience. That’s why LoanScorecard is investing not only in innovative solutions that automate the mortgage process but also in proven leaders, like Raj, who will work diligently with clients to ensure they have the right technology in place to take advantage of this growing market.”
Parekh was most recently vice president of business development at Insellerate, where he led efforts to increase awareness and market acceptance of the company’s consumer acquisition management platform. He also previously held executive positions at acquisition technology providers LeadPoint and ActiveProspect.
Parekh founded LeadROI, a lead management and mortgage sales automation company. The business was acquired by MediaWhiz, now known as the Matomy Media Group.
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