AwardsMagazine

2019 HW Vanguard: David Parker

LoanLogics Chief Product Officer

David Parker has more 30 years of experience helping mortgage lenders take advantage of new technologies to streamline processes, lower costs, improve loan quality and achieve growth.

But his accomplishments as chief product officer for LoanLogics have propelled Parker into one of the housing industry’s foremost leaders.

Since joining LoanLogics in January of this year, Parker has been responsible for defining and executing the direction of LoanLogics’ unique portfolio of technologies and services to rapidly grow sales and increase customer engagement and retention. He was instrumental in implementing product innovations for the LoanLogics IDEA, Intelligent Data Extraction and Automation, platform, enabling LoanLogics to be the technology provider behind Freddie Mac’s new tool, known as Freddie Automated Servicing Transfer. 

The purpose of FAST is to help streamline the transfer of mortgage servicing rights for Freddie Mac’s Cash-Released XChange. Parker’s visionary ideas are the driving force behind the development of additional technology enhancements to expand the capabilities of FAST in order to support Freddie Mac’s Co-Issue XChange product.

Within only nine months of joining LoanLogics, Parker’s leadership of the product management team and successful roll-out of enhanced functionality positively impacted the network of firms using LoanLogics’ platforms. 

There has been a 49% annual growth rate in the buyer/seller origination network and a 55% growth rate in the servicing network related to MSR acquisition.

What has been your secret to success?

“Three secrets: Being driven by a common vision, melding the diverse talents of other people to achieve great accomplishments and leading by example with a great work ethic, integrity, passion, perseverance” and humbleness in all actions.”

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