IRVINE, CA—HighTechLending Inc. has hiredDavid Smith as VP of operations. Themortgage-industry veteran has 20 years of experience in products,pricing and risk management.


Previously with Clear Vision Funding, Smithserved as SVP operations there. He directed all facets of mortgageoperations including compliance, underwriting and all closing andfunding areas. He managed implementation of mortgage-operating riskfunctions and established processes, tolls and systems to identify,analyze, measure and monitor operating risk in mortgage business.He also assisted in the dramatic increase in company volumes inwholesale transactions. Since joining the company, originationshave totaled $3.2 billion. Before joining Clear Vision, Smithserved as EVP of Medallion Mortgage Corp. and heldseveral wholesale-loan-trading and credit-risk-managementpositions.


According to Erika Macias-White, SVP and chiefof operations for HighTechLending, Smith's “risk-managementexperience will be invaluable to us during this time when ongoingregulations and compliance and compliance is at an all-time high.He will add maximum profitability and provide enormous operationalefficiencies and quality in leveraging HighTechLending Inc.'sguaranteed five-star service.”


Don Currie, president of HighTechLending, addsSmith “is ready for this exciting challenge and will be a valuableasset and addition to our team as we continue our trajectory ofgrowth where our team is continually focused on dedication tocustomer service and providing operational efficiency.”


New players in mortgage lending have been a topic of discussionamong industry experts recently. As reported in July, Steve Edwards andJubin Meraj at law firm Manatt, Phelps& Phillips commented, “Many have attributed thefinancial crisis that started in late 2007 in significant part tofallout from the home mortgage meltdown. Less well-known isthe fact that the very industry that arguably set the stage for thedownturn has generated important economic opportunities for certaininvestors and entrepreneurs. Today, as the market for traditionalhome loans made by banks and other customary lenders remainsconstrained, despite the growth of housing sales generally, themarket for non-traditional mortgage lending may be positioned toexpand significantly.”

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.