Connecticut-based Planet Home Lending, a lender and servicer, announced Muthu Srinivasan is the company’s new Chief Technology Officer and Jeffrey Ratter has joined the company as Chief Information Officer.
As chief technology officer, Srinivasan will develop and drive technology strategies to support company growth, speed the lending pipeline and deliver an exceptional experience to customers and business partners. He will focus on the company’s major IT projects, including the continued build-out of digital mortgage and enhancements to Planet Home Lending’s digital personal mortgage assistant.
“Muthu is an inspirational leader who knows how to tackle big tasks and achieve IT and corporate goals,” Planet Home Lending President and CEO Michael Dubeck said. “His mortgage IT product knowledge and expertise is exceptional.”
“Planet is dedicated to applying technology to improve the borrower experience and to gaining all the benefits available in the current digital technology space,” said Srinivasan.
Blend recently announced the launch of its One-tap pre-approval for mortgage. The new offering gives consumers instant access to verified buying power and the ability to easily generate a pre-approval letter, further streamlining the homebuying process.
“Over the last seven years, we’ve worked hand in hand with lenders and industry partners to build sophisticated financial technology that fully leverages consumer data and delivers a modern borrower experience,” said Nima Ghamsari, co-founder and CEO at Blend. “One-tap Pre-approval delivers the simplicity and transparency consumers expect and is a crucial first step toward helping consumers achieve financial wellness.”
U.S. Bank, a Blend partner, will be one of the first to offer One-tap Pre-approval to consumers this year, with a phased rollout to additional lenders beginning as soon as December 2019.
Continuity, a provider of regulatory technology and compliance management systems (CMS) for financial services organizations, has acquired Ohio-based TraceRisk, a provider of cloud-based enterprise risk management (ERM) solutions. With technical integration efforts now underway, Continuity becomes the first provider to connect the strategic aspects of enterprise risk management to the tactical oversight of compliance management on a singular, unified platform.
“As the complexity of managing risk and compliance continues to escalate, Continuity’s product suite continues to expand to meet the challenges faced by financial institutions,” stated Michael Nicastro, Continuity’s CEO. Nicastro continued, “Continuity paved the way as a first-mover in the world of automating compliance management, and we intend to build upon that innovation in ways that further enhance the capabilities of risk and compliance officers to confidently execute their roles. As we grow and refine our product set, both organically and through acquisition, we will continue to incorporate technology solutions like TraceRisk to make integrated risk and compliance management achievable and cost-effective for institutions of all sizes.”