The parent company of United Wholesale Mortgage appointed Paul Orlando as its chief information officer and Bill Van Nort as chief technology officer.
Orlando comes to Birmingham, Mich.-based Shore Financial Services from Flagstar Bank, based in nearby Troy, Mich., where he was a senior vice president. Prior to that, Orlando was an assistant vice president at Standard Federal Bank, another financial institution based in the greater Detroit area.
Van Nort was previously CTO of United Wholesale Mortgage. In the newly created CTO position at Shore Financial Services, he will report to Orlando. Prior to joining Shore Financial, Van Nort spent 10 years at Comerica Bank, most recently as vice president of engineering technology services.
The new appointments come as Shore Financial Services is working to expand both the United Wholesale Mortgage business and its retail division, Shore Mortgage. United Wholesale Mortgage specializes in FHA wholesale lending and its website lets brokers take mortgage applications online and from tablet devices, as well as providing borrowers the technology to e-sign their disclosure documents.
As part of the company's aggressive paperless origination strategy, United Wholesale Mortgage only accepts electronic loan files from brokers. During underwriting, the paperless process provides automatic updates that allow brokers to monitor progress online.
"It's exciting to join a company that is committed to industry leadership, and that recognizes the value of leading-edge technology solutions in building a competitive advantage," Orlando said in a company release.
Orlando has spent more than two decades in IT and financial operations. Flagstar regularly makes Mortgage Technology's Top Tech Savvy Lenders list, as does United Wholesale Mortgage. Both lenders made the 2011 list.
