Magazine article Mortgage Banking

Movin' to Minneapolis?

Magazine article Mortgage Banking

Movin' to Minneapolis?

Article excerpt

DEXMA INC., EDINA, MINNESOTA, A RAPIDLY GROWING MORTGAGE technology company, recently beefed up its bench of executive talent with the addition of industry veteran Tim Anderson, A 25-year mortgage banking industry player, Anderson joined Dexma in January as vice president of business solutions.

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Anderson joins Dexma from DocuTech Corporation, ldaho Falls, ldaho, where he was executive vice president for 20 months. In this newly created position, Anderson will be responsible for cultivating new mortgage industry partners in the company's effort to distribute business solutions to underserved market segments. This well-traveled executive has a history of working for some of the industry's high-profile firms. Anderson has worked for Ignition Mortgage Technology Solutions, a subsidiary of Freddie Mac; Computer Associates; ALLTEL (now Fidelity Information Services); and Washington Mutual during his career.

Mortgage Banking asked Anderson why he made the move to Dexma at this point in his career. "We have all heard the horror stories of the many unsuccessful attempts to deploy technology in this business," says Anderson. "Dexma is one of the very few that has truly delivered on their promises. I've received nothing but positive feedback after making the decision to go to Dexma."

Anderson says Dexma is leading the way in creating a total platform for the mortgage process. "With their great client base and key business partnerships like the Prime Alliance initiative [a partnership with Boeing Employees Credit Union and others in the credit union field], Dexma is in an excellent position to evolve [its] Web-based services platform and streamline the traditional linear process of producing loans," he says. In the last five years, Dexma's core technology, the Transaction Director, has powered the retail and wholesale platforms for more than 80 customers, including National City Mortgage, First Horizon Home Loans and Sun Trust Mortgage.

We asked Anderson when he thinks eMortgages will finally be adopted by more companies. "The technology to implement eMortgages exists today, but like the adoption of any other critical technology, it will take at least two years before a company begins to see proven results and benefits," he says. …

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