Award-winning mortgage technologist Karthik Kumar to serve as EVP and COO of growing fintech founded by Tammy Richards
INCLINE VILLAGE, Nev., July 11, 2022 /PRNewswire/ — LendArch, which enables mortgage companies to improve their technology processes and strategies while enhancing the borrower experience, announced Karthik Kumar joined the company as Executive Vice President and Chief Operating Officer. A senior mortgage banking executive for 25 years with deep technology expertise, Kumar will lead operations as the company continues to create game-changing mortgage technologies that digitize the entire lending process.
Kumar has global experience in operations, business transformation and performance excellence, as well as digital solutions. He most recently served as Head of Global Mortgage Practice for Tata Consultancy Services, while Citigroup and Standard Chartered Bank are among his previous employers. Kumar is also a speaker, host and moderator at mortgage banking events around the world.
“Karthik is the perfect leader to help us continue to disrupt the real estate finance industry.” Founder and CEO of LendArch Tammy Richards said. “He will provide invaluable assistance as we lead the way in transforming the customer experience while improving lender efficiency.”
“Tammy has fundamentally changed mortgage technology and operations in every organization she has worked in,” Kumar said. “We also share the same vision of creating a true end-to-end digital mortgage experience. So when she offered me the chance to be part of the LendArch journey, I knew it would be a great opportunity to make an impact. positive on the mortgage industry.”
As mortgage lending has fallen from its all-time high, Kumar noted it’s an incredible time for home lenders to re-evaluate their technology strategy and loan cost structure.
“Compared to a decade ago, mortgage managers are much more tech savvy and IT managers are much more operations savvy,” Kumar said. “Dealing with a more informed industry makes our mission easier.”
Kumar, who received HousingWire magazine’s 2020 HW Vanguard Award for launching a comprehensive suite of digital solutions across the mortgage value chain, is a Chartered Accountant and an alumnus of the LEAD program at Stanford Graduate School of Business. He is also COPC, CRU and 6 Sigma black belt certified. In his spare time, Kumar is a youth mental health advocate and a member of the SKY Schools Advisory Board.
Founded by a mortgage technology visionary Tammy Richards, LendArch provides mortgage origination companies with advisory services and technology microservices that enable them to fully digitize the loan origination process and dramatically improve the borrower experience. The fintech specializes in designing patterns and processes that help lenders reduce their reliance on monolithic IT architecture. Services provided through the LendArch Platform include LendArch’s own offerings and other solutions from an ever-growing network of best-in-class service providers. The company is based in Tilted Village, Nevada. Learn more about LendArch at www.lendarch.com.
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