Mortgage tech entrant fills gap in the mortgage process

LodeStar Software Solutions executive talks about his journey and thoughts on the industry

Mortgage tech entrant fills gap in the mortgage process

LodeStar Software Solutions chief technology officer David Spektor (pictured) may be new to the mortgage game, but he has made huge strides in helping the industry streamline the broker and lending process.

Spektor, one of MPA’s 2021 Rising Star winners, said that while he knew very little about the industry, he had the technical knowledge and skill to enter the mortgage technology space.

“One of my business partners was starting up a company to deal with new mortgage disclosures, and he looped me in to help with development,” he shared. “And this is how it all began.”

At LodeStar, Spektor played a crucial role in developing a system in which lenders can request and communicate title fees from their title agents, as well as a platform that can be integrated into the client’s LOS, title production system, and third-party websites.

Commenting on his Rising Stars award, Spektor said it is a “great feeling after doing it for eight years in a completely different industry. It is truly amazing to be recognized for the technological developments in this area. We worked hard to develop a high level of service”.

You can read more about how young mortgage professionals like Spektor made their mark on the fields they’re in despite the competition and challenges brought by the pandemic by clicking on the link to the full Rising Stars special report here.