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New Mortgage Industry Association Has Been Formed To Promote Thought Leadership And Innovation
PROGRESS in Lending Association affirms that the status quo is not what's going to get the mortgage industry through this downturn, technology adoption coupled with sound business strategy is the answer.

http://www.24-7pressrelease.com/press-release-rss/new-mortgage-industry-association-has-been-formed-to-promote-thought-leadership-and-innovation-162557.php

WILTON, CT, July 26, 2010 /24-7PressRelease/ -- The mortgage industry is going through sweeping change. Now is the time for all mortgage industry participants to gather and discuss new ideas, new automation strategies and new processes to move the mortgage industry forward. PROGRESS in Lending Association fills this void and provides a place for innovation and thought leadership to occur.

But why start an industry group like PROGRESS in Lending Association? Tony Garritano, the group's chairman and founder, pointed out, "Technology is going to play a critical role in how mortgage lenders comply with new regulation, remain competitive, ensure profitability, and serve borrowers looking to get their piece of the American Dream. That's why this association was formed."

PROGRESS' executive team is all volunteer and made up of mortgage professionals that have combined over 100 years of industry experience, are dedicated to improving the space and are still active in their respective companies at the same time. Roger Gudobba, chief executive officer at PROGRESS in Lending Association, added, "This new association provides a place for thoughts and ideas to flow freely. It's easier to move things forward when you're in a group. This association is a central place for industry participants to have discussions about how technology can improve the process."

With the passage of the Dodd-Frank Bill in particular it is going to be even more important for a group like PROGRESS in Lending Association to exist and help the mortgage industry on its path to recovery. Michael Hammond, chief strategy officer at PROGRESS in Lending Association, said, "In the past year alone the mortgage industry has had to adapt to business-changing regulation like MDIA and RESPA, for example. All of these challenges call for automated responses. I joined PROGRESS to be part of the solution."

That's why lenders need an added resource like PROGRESS in Lending Association that will provide them the tools to reshape their business without all the bureaucracy of typical associations. Kelly Purcell, chief information officer at PROGRESS in Lending Association, notes, "PROGRESS is built on thought leadership over bureaucracy. I am excited about working with people that have the same passion and commitment that I have to repairing credibility and respect in an industry that I'm proud to be a part of."

Ideas, through collaboration among all industry participants will help lenders and vendors provide a more trusted and transparent process for both consumers and investors. "I believe there are many passionate people that want to participate at an industry level to improve the mortgage lending process. PROGRESS is an opportunity to take it to the next level," said Gabe Minton, chief technology officer at PROGRESS in Lending Association. "By providing a go-to place to talk about the convergence of business and technology and solve real problems, PROGRESS can be used as a vehicle to formulate and document consensus-based opinions that have application to issues lenders face today."

In the end, technology thought leadership can make all the difference. Michael Blair, chief operations officer at PROGRESS in Lending Association, concludes, "We want to make a difference. What we're doing here is an industry effort. Through PROGRESS we can all come together and improve the mortgage space."

About PROGRESS in Lending Association:
PROGRESS in Lending Association believes that business process re-thinking and optimization can make all the difference. This association is about educating mortgage participants about how to face real business problems and overcome those business problems through technology innovation. PROGRESS seeks to reshape the mortgage market for the better. Find out more about PROGRESS in Lending Association on the web at http://www.progressinlending.com.

About PROGRESS in Lending Association's Executive Team:
As a speaker PROGRESS Chairman and Founder Tony Garritano has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions.

PROGRES Chief Executive Officer Roger Gudobba has over 20 years of mortgage experience. At present he is also chief strategy officer at technology vendor Compliance Systems. He is a long-time advocate of data standardization and a more data-driven approach to mortgage lending.

PROGRESS Chief Strategy Officer Michael Hammond is also the founder and president of NexLevel Advisors. He has close to two decades of leadership, management, marketing, sales and technical product experience.

PROGRESS Chief Information Officer Kelly Purcell is also executive vice president, global sales and marketing for e-signing and e-vaulting vendor eSignSystems, a division of Wave Systems Corp. She was co-founder of eSignSystems and has over 25 years of mortgage and technology experience.

PROGRESS Chief Technology Officer Gabe Minton is also chief strategy officer for business intelligence provider Motivity Solutions. He has been the recipient of multiple technology awards, is an innovator of data standards having helped found MISMO, and most recently served as COO on a leading financial software firm's executive team.

PROGRESS Chief Operations Officer Michael Blair has more than 15 years of financial services industry experience. He has held several senior management positions in this space, including President at Allpointe Mortgage, where he oversaw the lending operations and marketing.

http://www.24-7pressrelease.com/press-release-rss/new-mortgage-industry-association-has-been-formed-to-promote-thought-leadership-and-innovation-162557.php