PCLender Names Mortgage Veteran Tom Corvo VP Business Development : Wholesale lending expert equates SaaS enterprise platform with improved profitability

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PCLender.com, a fully hosted web based software and services solutions provider to mid-sized mortgage bankers and financial institutions, has named mortgage banking veteran Tom Corvo vice president for business development. Corvo, whose mortgage career spans 18 years, was an early adopter of the PCLender.com InHouse Mortgage enterprise lending platform as it was developed and launched in the mid 1990s.

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Frankly, it has come as a surprise to learn that so many mortgage lenders are operating expensive, cobbled systems that do not come close to our platform's performance. I am excited for the opportunity to help rebuild an industry that has been very good to me.

Most recently, Corvo served as the Hawaii wholesale manager for Colorado Federal Savings Bank, returning to a position he had also held from 2000 to 2005 when Countrywide recruited him as a retail branch manager. Between 1995 and 2000, Corvo was the Hawaii wholesale branch manager for BNC Mortgage and WMC Mortgage, respectively.

"Credibility is a dominant factor for success in the mortgage industry," said PCLender.com vice president for sales Sean Dugan. "Not only has Tom Corvo earned his mortgage business credentials in the trenches, but he's also what you might call a true 'evangelist' for InHouse Mortgage. He understands firsthand its impact on lender profitability, and will drive that message home."

PCLender.com developed its InHouse Mortgage platform to provide a low-barrier-to–entry, variable cost solution enabling lenders to achieve operating efficiencies that increase the volume of loans per FTE. Its typical 30-day "soup to nuts" implementation cycle allows lenders to realize measurable profitability improvements in 60 to 90 days.

"This is a prime time for mortgage lenders to explore and appreciate the real business advantages of selecting PCLender's hosted platform and expert mortgage business services," said PCLender vice president for business development Tom Corvo. "Frankly, it has come as a surprise to learn that so many mortgage lenders are operating expensive, cobbled systems that do not come close to our platform's performance. I am excited for the opportunity to help rebuild an industry that has been very good to me."

About PCLender

Honolulu-based PCLender (http://www.PCLender.com) has for more than a decade helped mortgage bankers accelerate business performance goals through technology-enabled best practices guidance, services and solutions. PCLender's fully hosted enterprise mortgage lending platform InHouse Mortgage eliminates traditional "barriers to entry" for mortgage bankers, community banks and credit unions seeking business process improvements on par with the Fortune 500. For more information about PCLender contact Lionel Urban at lurban@PCLender.com.

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Kerri Milam
PCLender
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