IndiSoft LLC, a Maryland-based provider of technology solutions for the financial services industry, has hired industry veteran Steven Usserey as the company’s new VP of Regulatory Compliance. Usserey’s primary responsibility is to ensure that IndiSoft’s regulatory compliance content is up-to-date to help mortgage originators and servicers in their ongoing efforts to remain in compliance with state, federal and investor requirements.
Usserey, who has more than 25 years of experience in mortgage banking and technology, most recently served as a Senior Analyst at BackIntheBlack, the default servicing technology provider. There, he was responsible for client/vendor management, testing and reporting, regulatory compliance, as well as policy updates and software releases.
“IndiSoft continues to bolster our staff to improve the core regulatory compliance requirements which is the heart of our Sunesis regulatory compliance platform,” said Hans Rusli, CEO of IndiSoft.
A compliance platform with strong test scripts embedded in its workflow will give lenders and servicers cost-effective risk management and governance.
“While there is a lot of talk about regulatory pullback, the recent CFPB consent order tells a different story about regulatory compliance risk,” said chairman and founder of IndiSoft, Sanjeev Dahiwadkar.
IndiSoft develops collaborative technology solutions for the financial services industry. Its Sunesis platform enhances risk-based assessment and helps companies meet regulatory requirements. The company provides efficient, reliable and scalable solutions for companies, including mortgage servicers, investors, insurers, and law firms, among others.