The mortgage technology firm Promontory MortgagePath on Thursday announced three senior-level additions to its management team who will focus on bank relations, technology and outsourced services opportunities.
Paul C. Katz, a former American Bankers Association executive, has joined the firm as head of bank relations. In this role, Katz will be tasked with expanding the company's presence in the banking and credit union business. He will report to Bruce Witherell, CEO of Promontory MortgagePath.
Most recently, Katz was the executive vice president of the ABA State Association Alliance, where he managed relations between the ABA and the 50 autonomous state bankers associations.
Scott Stein has joined the company's technology unit, PromonTech, as regional vice president of sales; and David Sears has joined the company's fulfillment services arm as regional sales director.
Stein joins PromonTech from Maxwell Financial Labs, a provider of digital mortgage cloud software, where he was the vice president of sales and business development. Previously, he was the vice president of sales for Roostify, an early entrant into the point of sale space. Sears joins Promontory Fulfillment Services from Gooi Mortgage, a provider of back-office mortgage fulfillment services, where he was a regional account executive.
Headquartered in New York, Promontory MortgagePath was founded by Eugene Ludwig, the former comptroller of the currency, and Witherell, the former chief operating officer of Freddie Mac. PromonTech is based in Denver.
"We are seeing a growing acceptance and adoption of both our technology and outsourced fulfillment offerings, as well as a strong interest in digital solutions from the banks and credit unions," Witherell said in a press release. "The addition of consultative executives of the caliber of Paul, Scott and David will accelerate this growth."