CRANBURY, NJ – May 08, 2018 – Visionet Systems Inc., a global services provider to a number of industries including the US mortgage industry, announced today that the company has hired Dylan M. Hoyt, a 22-year veteran of the mortgage industry, to serve as the firm’s Vice President of Underwriting and Client Relations.
“Dylan has extensive background in both secondary marketing and origination operations, including underwriting, post-closing, securitizations due diligence, product development, and collateral curement,” said Alok Bansal, Managing Director at Visionet Systems. “Dylan has spent much of his career analyzing financial data, implementing policy and procedures, performing compliance audits and risk management reviews. He will be a great addition to our team.”
Hoyt has held management roles for Bear Stearns, Goldman Sachs, and more recently with Texas Capital Bank as Vice President of Warehouse Lending, managing an average monthly pipeline of twenty thousand units. He partnered with his clients, many of the top mortgage lenders in the industry, by reducing inefficiencies in the aging of warehouse lines through resolving saleability concerns, managing the aged custodial collateral process, managing the QC monitoring procedure, performing all jumbo loan reviews, and acting as a key contributor to new client on-boarding due diligence.
Before that, Hoyt served as a DE Underwriter for government loans, handled credit due diligence for a Goldman Sachs conduit, supervised post closing for MetLife and served as Vice President of Credit Risk. He started his career as a Mortgage Backed Securities Underwriter for EMC Mortgage, a Bear Stearns conduit. He earned his Bachelor’s Degree in Business Administration and then went on to earn master’s degrees in both health care management and international management.
“Visionet is very strategically placed in the mortgage business and I am very excited to join them at this juncture” Hoyt said. “With their relevant domain experience and deep investments in technology, I am confident that we will be able offer significant value to the lending community.”
Visionet is the first company offering “zero cost technology” as part of its solutions across multiple domains, including Title & Settlement, Underwriters, Appraisal Management Companies and Lenders. The company offers a range of solutions, including a handheld loan origination experience for borrowers, a digital pre-funding underwriting QC solution, auto-indexing and data extraction services, and an enterprise class loan review solution.
About Visionet Systems Inc.
Visionet Systems, Inc. is a leading services provider to the Mortgage and related industries. Through its digitally powered outsourcing services and technology innovations, it helps mortgage businesses transform their operations and scale their business effectively. As a part of mortgage processing services, Visionet delivers digital disruption by being the first company to offer zero cost technology as a part of its industry solutions. The company’s technology products complement its top of the line mortgage outsourcing services. For more information, visit us online at www.visionet.com.