LoanPASS Appoints Industry Veteran Bill Mitchell Chief Revenue Officer

MIAMI, Florida, May 10, 2022 —BlockGen Corp, LoanPASS digital lending engine that handles eligibility, pricing and underwriting announced that it has hired Bill Mitchell as Chief Revenue Officer.

In this newly created position, Mr. Mitchell will oversee LoanPASS sales, business development and marketing efforts as the company continues its expansion in the financial services industry. Mitchell’s hire comes on the heels of a wave of recent customer signings with LoanPASS from lenders dissatisfied with current market alternatives looking to replace legacy technology and drive new product offerings.

“Bill is an experienced technology sales and marketing professional who holds a deep understanding of the mortgage industry and what it takes to grow fintech’s,” said Mike Lewis, president at LoanPASS. “There is an enormous amount of opportunity on the horizon for Banks, Credit Unions and IMB’s to leverage LoanPASS technology including speed, accuracy and data integrity while reducing technology costs as the mortgage market tightens. The entire team at LoanPASS looks forward to Bill’s leadership as we expand.”

Mr. Mitchell is a revenue generating and company building mortgage technology executive who has held senior and executive management positions at established software firms, emerging fintech companies and start-ups. He has a robust background in loan origination systems (LOS), digital mortgage technologies and industry-leading software platforms. Mr. Mitchell was instrumental in building the client bases for each company he was involved with, making significant contributions to expand their businesses.

“I am excited about the opportunity to help take LoanPASS to the next level,” stated Mitchell. “The mortgage market is quickly shifting and LoanPASS is in an ideal position to help lenders compete more effectively by giving mortgage banks and credit unions the controls and option to have their proprietary lending products in a completely customizable decisioning engine, making for an incredibly powerful solution. What’s more, LoanPASS open API significantly expands the total addressable market for its solution, as we add new technology partners to our growing network.”

About BlockGen Corp

Founded in 2021, BlockGen Corp is a privately held company based in Miami, FL. BlockGen is a fintech in the rapidly evolving mortgage technology industry. The company is currently launching a next generation loan pricing, underwriting and decisioning engine called LoanPASS. The company’s unique self-service 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.

About LoanPASS

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.

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Media Contact:

Derek Long, COO

Bill Mitchell, CRO