LoanLogics recently made several executive leadership changes. This includes the departure of CEO Bill Neville, who hands over the reins to new CEO Dave Parker, according to a press release.
After a career in the mortgage industry, Neville joined the LoanLogics board of directors in 2017 before being appointed president and chief operating officer in 2018 and CEO in 2019. While at the company’s helm, Neville reshaped the company’s leadership team and piloted the company through its acquisition by an affiliate of Sun Capital Partners in 2021 and its own acquisition later that year of LoanBeam, a provider of income calculation and analysis technology endorsed by government-sponsored entities (GSEs) Fannie Mae and Freddie Mac.
Neville played an instrumental role in LoanLogics being selected as the technology provider behind Freddie Mac's FAST (Freddie Automated Servicing Transfer), which streamlines servicing file transfers for Freddie Mac’s Cash-Released Xchange, the company said.
Neville also helped form the company’s partnership with Finastra, which recently highlighted its use of LoanLogics’ automated document processing capabilities at the 2022 National Mortgage News Digital Mortgage Conference.
“While serving as CEO of LoanLogics has been the opportunity of a lifetime, I know I’m leaving the company in very capable hands,” Neville said in the release. “Dave Parker understands the business side of mortgage lending and has brought to market new solutions that cut to the core of what the mortgage industry needs. I look forward to watching Dave and his leadership team help lenders and servicers ride out the current market storm through new technology innovation and automation.”
Parker joined LoanLogics in 2019 as senior vice president of product management and most recently served as executive vice president, product. As CEO, he plans to ramp up the company’s efforts on automation and new technologies that will enable lenders and servicers to address rising levels of costs and excel despite the current downturn in mortgage originations.
Parker has 30 years of experience leading startup, growth stage and established mortgage technology companies. He has held senior leadership positions at Fiserv, CoreLogic, and Wells Fargo Home Mortgage.
“Bill’s leadership through one of the most dynamic eras in our company’s history has been remarkable,” Parker said. “From steering the company through tremendous growth that resulted in our acquisition by an affiliate of Sun Capital, and by expanding our capabilities in origination automation through our acquisition of LoanBeam, Bill has set the tone for our leadership team and positioned LoanLogics at the vanguard of mortgage fintech innovation.”