LoanCare® Hires David Vida for New Executive Vice President, Chief Revenue Officer Role

Rhea-AI Summary

LoanCare has announced the appointment of David Vida as their first Executive Vice President and Chief Revenue Officer as of May 16, 2024. This strategic decision aligns with LoanCare's goal to enhance client growth and product expansion. Vida brings over 30 years of experience in the mortgage industry, having held key roles at Weston Portfolio Group, Computershare Loan Services, and LenderLive Network. His expertise is expected to drive revenue and identify new business opportunities. LoanCare aims to leverage Vida's leadership to boost relationships with lender clients, business partners, and foster a collaborative environment for sustained growth.

Positive

• Appointment of David Vida as Chief Revenue Officer expected to drive revenue.
• Vida brings over 30 years of experience in the mortgage industry.
• Strategic move to enhance client growth and product expansion.
• Focus on boosting relationships with lender clients and business partners.
• Vida's background includes leadership roles at notable firms like Weston Portfolio Group and Computershare Loan Services.

Negative

• No concrete financial data or projections provided.
• Potential risks associated with integrating a new executive role.
• Uncertainty if Vida's strategies will yield expected outcomes.

VIRGINIA BEACH, Va., May 16, 2024 /PRNewswire/ -- LoanCare®, a top U.S. mortgage subservicer, announces its first Chief Revenue Officer role and has appointed David Vida to the position. By instituting this new executive role, LoanCare is further advancing its business strategy to support client growth and product expansion by leveraging its partnership, technology, talent, and successful servicing operations.

"David's extensive background in the mortgage industry makes him perfectly suited to lead our charge to identify new business opportunities," said Dave Worrall, President of LoanCare. "Placing David at the helm is a strategic move by LoanCare to further our relationships with lender clients and business partners by helping them – along with LoanCare – increase opportunities and drive revenue."

Vida, a seasoned leader with a robust background in residential mortgage servicing and originations-related services, has over 30 years of experience and most recently served as Chief Operating Officer at Weston Portfolio Group. Previously, Vida led Enterprise Sales at Computershare Loan Services where he focused on growing third-party subservicing clients, expanding servicing of HELOCs and second liens, broadening relationships with existing clients, and improving portfolio retention. Vida also served as President, Chief Strategy Officer for LenderLive Network where he drove the company's entry into subservicing and correspondent lending.

"I'm excited to use my skills and experience in leading high-performance teams to advance LoanCare's business development strategies and identify new opportunities to scale the servicing enterprise," said Vida. "I'm looking forward to creating a collaborative, results-oriented environment that will strengthen client and business partner relationships and increase our revenue pipeline for sustained growth. I am incredibly impressed with the team, platform, technology, and culture at LoanCare and thrilled to be a part of their continued success."

About LoanCare

LoanCare® is a leading provider of full-service mortgage loan subservicing, including special loans, white label, and marketing services. The award-winning company is known for delivering a superior customer experience through personalization and convenience. Its proprietary portfolio management platform, LoanCare Analytics™, identifies risk and opportunity quickly to enable smarter decision-making across the servicing spectrum. For 40 years, LoanCare has been servicing loans for banks, credit unions, independent mortgage companies, and portfolio investors. LoanCare is part of Fidelity National Financial (NYSE: FNF), a Fortune 500 company and leading provider of title insurance and transaction services to real estate and mortgage industries. For more information, visit www.loancare.com. 

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SOURCE LoanCare

FAQ

Who has LoanCare appointed as Executive Vice President and Chief Revenue Officer?

LoanCare has appointed David Vida as the Executive Vice President and Chief Revenue Officer.

When did David Vida join LoanCare as Chief Revenue Officer?

David Vida joined LoanCare as Chief Revenue Officer on May 16, 2024.

What is David Vida's background before joining LoanCare?

Before joining LoanCare, David Vida held leadership roles at Weston Portfolio Group, Computershare Loan Services, and LenderLive Network.

What are LoanCare's goals with the appointment of David Vida?

LoanCare aims to enhance client growth, product expansion, and drive revenue through David Vida's leadership.

What specific experience does David Vida bring to LoanCare?

David Vida brings over 30 years of experience in residential mortgage servicing and originations-related services.