PMSI Welcomes Three Esteemed Leaders to Its Board of Directors, Marking a New Chapter of Growth and Innovation
PMSI, the mortgage servicing industry’s trusted partner for data-driven investor reporting and tech-enabled accounting solutions, is thrilled to announce the appointment of three highly accomplished leaders to its Board of Directors: Dave Lowman, Rajesh Bhat, and John Walsh. These individuals bring decades of expertise, a shared commitment to long-term value creation, and a passion for driving innovation in the mortgage technology space. Their appointments signal a new era of strategic growth and enhanced client value for PMSI.
Dave Lowman: A Visionary Leader in Mortgage and Consumer Finance
Joining the PMSI board, Dave Lowman brings over 40 years of experience in mortgage and consumer finance, making him a pivotal addition to the team. Dave’s career is marked by transformative leadership and a relentless focus on innovation. Most notably, he led the transformation of Freddie Mac’s Single-Family business into a client-centric, commercial enterprise. Under his guidance, Freddie Mac embraced a culture of growth and played a key role in reshaping the U.S. mortgage industry following the Great Recession.
Before his tenure at Freddie Mac, Dave served as the CEO of Chase Home Lending, where he oversaw $150 billion in annual production and managed a $1.2 trillion servicing portfolio. At the time, Chase was the country’s third-largest mortgage originator and servicer. His leadership extended beyond Chase, as he spent a decade in senior roles at Citigroup, where he spearheaded the growth and modernization of U.S. and global consumer lending businesses.
Dave’s deep understanding of the mortgage landscape, coupled with his ability to drive enterprise-wide transformation, positions him as a key advisor for PMSI’s growth strategies. His insights will help PMSI navigate the complexities of the mortgage servicing industry while fostering innovation and scalability.
Rajesh Bhat: A Trailblazer in Fintech and Real Estate Technology
Rajesh Bhat, another esteemed addition to the PMSI board, specializes in enterprise sales and growth strategies. Over the course of his career, Rajesh has established himself as a founder, operator, advisor, and investor in high-growth finance and real estate technology companies. He currently advises and serves on the boards of multiple private technology firms, bringing a wealth of knowledge and connections to the table.
Most recently, Rajesh co-founded and served as CEO of Roostify, a leading digital mortgage platform that was acquired by CoreLogic, a premier provider of real estate and financial data analytics for the housing finance industry. His work at Roostify earned him widespread recognition, including prestigious awards such as HousingWire’s Vanguard Award and Inman’s Best of Finance.
Rajesh’s expertise in scaling technology-driven businesses and his deep understanding of the intersection between fintech and real estate make him an invaluable asset to PMSI. His strategic guidance will help PMSI refine its sales strategies, expand its market presence, and deliver cutting-edge solutions to clients.
John Walsh: A Proven Innovator in Mortgage Technology
Rounding out the new board members is John Walsh, a seasoned leader with over two decades of experience in the mortgage industry. John joins PMSI to provide strategic direction on product development, ensuring that the company continues to deliver innovative, client-focused solutions.
Most recently, John served as the CEO of Lereta, where he expanded the company’s tax and insurance-related data and analytics offerings. His leadership transformed Lereta into a leader in its niche, demonstrating his ability to identify market needs and develop products that meet them. Prior to Lereta, John spent over a decade leading technology firms, including RF/Spectrum Decision Science Corp. and PureCarbon, Inc. (now Workstream, Inc.). His contributions to the industry have been recognized with awards such as Progress in Lending’s Luminary Award.
John’s extensive experience in product development and technology leadership will be instrumental in guiding PMSI’s efforts to innovate and enhance its suite of solutions. His focus on delivering actionable insights through data and analytics aligns perfectly with PMSI’s mission to empower clients with smarter, more efficient tools.
A Strategic Move for PMSI’s Next Phase of Growth
The addition of these three distinguished leaders underscores PMSI’s commitment to advancing its position as a leader in the mortgage servicing industry. Each new board member brings a unique set of skills and perspectives that will help shape PMSI’s strategic priorities and drive sustainable growth.
“The addition of these board members with deep industry experience and connections positions PMSI for our next phase of growth,” said Dan Thompson, CEO of PMSI. “Dave, Rajesh, and John are well-known leaders and innovators in the mortgage technology space, and we’re grateful for their guidance.”
Why This Matters for PMSI and Its Clients
In an increasingly complex and competitive mortgage servicing landscape, having a strong leadership team is essential for success. The appointments of Dave Lowman, Rajesh Bhat, and John Walsh reflect PMSI’s dedication to staying ahead of industry trends, embracing innovation, and delivering exceptional value to its clients.
With Dave’s expertise in enterprise growth, Rajesh’s track record in scaling fintech businesses, and John’s focus on product innovation, PMSI is poised to tackle the challenges and opportunities of the future head-on. Together, they will help PMSI refine its strategies, expand its capabilities, and continue to provide best-in-class solutions to its clients.
