Lendia Hires New Fulfillment Director.Outsource solutions provider increases staff to meet growing demand MARLBOROUGH Marl·bor·ough or Marl·bo·ro A city of east-central Massachusetts east-northeast of Worcester. Settled in 1657, it was nearly destroyed in 1676 during King Philip's War. Population: 38,100. , Mass. -- Lendia, Inc., an outsource solutions provider to financial institutions that originate o·rig·i·nate v. 1. To bring into being; create. 2. To come into being; start. residential mortgages, recently added Corinne Smith as director of fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. operations. In her new position, Smith will manage the loan processing and underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. functions that support originators. "We always want to make sure we are proactive about the services we provide and that we have the right people in place to manage fulfillment so our clients can focus on revenue-generating activities, such as originating residential loans," said Greg O'Connor, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Lendia, Inc. Smith's addition will help the implementation of Lendia's growth strategy. Smith has more than a decade of experience in the mortgage industry. Prior to joining Lendia, she was vice president of processing and closing at Sherwood Mortgage Group, Inc. She was in charge of supervising both departments and extending internal due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. . "Corinne's track record proves that she can efficiently manage and coordinate back-office processes while keeping the company's and the client's best interest in mind," O'Connor said. "Those skills are exactly what we need to help us continue to position ourselves to sustain tremendous growth." About Lendia, Inc. Based in Marlborough, Mass., Lendia, Inc. is an outsource solutions provider. Lendia's comprehensive outsource solutions (COS) suite includes the people, the process and the technology to provide a complete origination-to-close support system. This approach was designed to meet the needs of anyone in the financial industry who originates mortgages. The company supports business partners on a variable cost basis, enabling them to better manage overhead during peak and valley origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real levels. These partners can then afford the ability to make focused investments in additional revenue-generating activities. For more information on Lendia, please contact Sarah Maxfield, 508.368.7913 or sarah.maxfield@lendia.com. |
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