Press Release 6/28/22
LoanPASS, a Visionary and Unique Product, Pricing, Eligibility & Automated Underwriting Engine promotes Dave Gorsuch to Chief Technology Officer
MIAMI, Florida, June 28, 2022 —BlockGen Corp, LoanPASS a unique digital lending engine that handles eligibility, pricing and underwriting announced that it has promoted Dave Gorsuch to Chief Technology Officer. Mr. Gorsuch's promotion comes on the heels of a wave of recent customer signings with LoanPASS from lenders looking to replace legacy technology and drive new product offerings.
Mr. Gorsuch has been a key member of the LoanPASS team since October 2020 serving as VP of Engineering. As part of this new role, he will drive LoanPASS modern technology offering, and new innovations focused on pushing even more efficiencies into the entire lending process while leading the engineering team.
Before joining LoanPASS, Gorsuch was Senior Vice President for Software Development for LoanDepot, one of the country’s largest mortgage lenders where he was responsible for all technical aspects of on-going development and execution for Loan Depot's consumer lending platform, including design, implementation, testing, delivery, and production support. Gorsuch also spent over 6 years with PayPal as Sr Software Development Manager where he focused on Credit Underwriting and Authorization Platform, responsible for architecture, product development, scalability, quality assurance, automation, process definition, and hiring. As a Certified Scrum Master, Dave established, built, and enhanced Agile processes and earned a BS in Computer Science from UMBC and a MS in Software Engineering from Loyola University Maryland.
“We are truly excited about Dave’s well-deserved promotion to CTO,” says Mike Lewis, President at LoanPASS. “He has done an incredible job leading the build-out of our next generation technology and infrastructure, elevating LoanPASS towards broad market availability, and exhibiting the thought leadership and domain expertise one would expect from a CTO.”
“I am excited about the opportunity to help take LoanPASS to the next level,” stated Gorsuch. “LoanPASS is in an ideal position to help lenders compete more effectively by providing modern technology including speed, accuracy and data integrity while reducing technology costs. Furthermore, it provides lenders of all sizes a customizable decisioning engine, making for an incredibly powerful customer experience.”
About BlockGen Corp
Founded in 2021, BlockGen Corp is a privately held company based in Miami, FL. BlockGen is a fintech company in the rapidly evolving mortgage technology industry. The company flagship product, LoanPASS is a next generation loan pricing, underwriting and decisioning engine. The company’s unique platform allows for rapid execution and configuration of complex business rules providing lender control over mission critical processes. While the rules engine was designed to handle the complexities of prime mortgage, it was architected to automate any lending product such as NQM, auto, commercial real estate and personal loans making it ideal for banks and credit unions to digitally streamline all their lending verticals.
The LoanPASS system was built on a modern engineering framework and cloud computing architecture often referred to as a Platform-as-a-Service (PaaS). The application was built with an eye towards the future and uses leading edge technologies (Rust) as its back-end programming language allowing complex investor pricing decisions to be rendered in less than a second. LoanPASS is a true cloud-based tool that empowers mortgage investors and lenders with unparalleled control over loan product, pricing, stipulations and underwriting decision output. Importantly, the platform does not require developer support staff or programming skills and eliminates the need to outsource this critical function to a 3rd party service provider. The LoanPASS technology platform is industrial strength and was designed with an emphasis for speed, flexibility, ease-of-use and accuracy. This highly innovative solution is a first of its kind in the lending industry.
More information is available on www.loanpass.io
Derek Long, COO DLong@LoanPASS.io
Bill Mitchell, CRO Bmitchell@LoanPASS.io 561-254-5971