CRANBURY, NJ – May 2, 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 John A. Spencer, a veteran with over 30 years of experience in the mortgage industry. Spencer will join in as Vice President, Consumer Lending.
“Visionet has significant plans to grow in the consumer lending space and we expect John to play a pivotal role in driving this growth,” said Arshad Masood, CEO at Visionet Systems. “John’s experience and competencies are broad and deep and include managing company growth strategies that encompass business development, information technology and program management. He possesses significant change management experience, understands best practice standards and procedures management, and enterprise application planning that spans technology, sales, operations, accounting and corporate business functions. We are fortunate to have him join our team.”
Spencer most recently served Fannie Mae as a Senior Technology Account Manager, where he worked to maximize the use of Fannie Mae technology throughout the mortgage lending community, while increasing revenue and market share for the company’s sales teams and providing technology subject matter expertise for internal and external clients. Before that he served as Senior Program Manager for Downey Savings & Loan. In that role, he was responsible for implementing enterprise initiatives in core banking, residential lending, IT governance and change management.
Previous to these positions, Spencer was a Senior Vice President of Business Development for Fidelity National Financial (LSI Credit); Vice President and Enterprise Program Manager in the IT Department for First American/CoreLogic and US Bancorp.
Speaking about his new role, Spencer said, “I am very excited about my new role and its support for the current on-going transformation of our industry. Visionet has very deep investments in lending and leading-edge technology with over two decades in the mortgage space. Importantly, they understand the challenges of lenders in this current environment to focus on customer satisfaction, be nimble to new opportunities while driving internally efficiencies to lowering cost per loan. I am confident that together, we will be able to help our customers keep pace in today’s consumer lending space.”
Visionet is the first company offering “zero cost technology” as part of its solutions in the Mortgage domain. It offers solutions across multiple domains, including Title & Settlement, Underwriters and Appraisal Management Companies as well. 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.