LendingSpace Adds New President to Expand Reverse Mortgage Business

image Loan origination system provider Lending Space named Jeffrey T. Osheka as its new president of the company.  As president of Lending Space, Mr. Osheka is responsible for directing the company’s current growth, with an emphasis on the rapidly expanding reverse mortgage market.

“We needed someone with the kind of vision and drive required to succeed in the Home Equity Conversion Mortgage (HECM) market, and Jeff was a great fit,” said Ravi Varma, LendingSpace co-founder and CEO.

Osheka brings over 20 years of experience in all areas of mortgage technology and lending which includes working for companies such as Lydian, Decade Systems, Ultraprise/GHR and Fidelity Mortgage Funding.  

“LendingSpace is highly committed to the success of its clients, and this was one of the most attractive aspects of this opportunity for me,” said Osheka.  “Their web-based technology is simply the best available to help companies find, negotiate and close any type of mortgage, whether reverse or forward, conventional or government.” 

LendingSpace is the first web based LOS that I’m aware of that offers both “forward” and reverse mortgage compatibility in one system.  The company also takes a Software As A Service (SAAS) approach with its pricing where lenders only pay for the software on transactions that close.  

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