LAGUNA HILLS, Calif.--(BUSINESS WIRE)--QuestSoft, the nation’s leading provider of automated mortgage compliance software, has named Loretta Kirkwood as vice president of compliance. Kirkwood will have responsibility for QuestSoft’s comprehensive compliance with all financial industry regulations.
Kirkwood’s appointment to vice president of compliance represents a key development in QuestSoft’s growth strategy. Recognizing the financial industry’s progression towards new compliance initiatives and best practices, Kirkwood brings a wealth of industry knowledge and experience with specialties in HMDA, Fair Lending and the Community Reinvestment Act, to challenge new processes and cultivate new compliance strategies for the organization.
Kirkwood is a seasoned regulatory compliance and risk management expert with more than 30 years of experience within the financial services space. Prior to joining QuestSoft, she provided consulting services to large national lenders, community banks, mortgage companies and credit unions, as well as assistance to law firms with enforcement and examination support. Her experience includes roles as Managing Director, Senior Director and SVP roles at top-line, highly respected consulting and software firms. Her knowledge of federal and state regulatory processes provides a unique perspective to QuestSoft’s future development plans.
“We are thrilled with the talent and expertise Loretta brings to QuestSoft,” said Leonard Ryan, QuestSoft’s founder and president. “Having seen her proven history of success throughout the years as well as her stellar reputation among regulators and lenders, I am fully confident that Loretta possesses the strategic thinking, management style and personality to positively impact our innovation as we begin the next chapter of our phenomenal compliance journey.”
In addition to her executive career, Kirkwood is a member of the Vendor Regulatory Work Group, which works closely with the CFPB and mortgage vendors on the implementation of regulations.
Laguna Hills, Calif.-based QuestSoft is a leading provider of comprehensive compliance software and services for the mortgage, banking and credit union industries. QuestSoft combines 20+ years of mortgage regulatory, CRA and Fair Lending compliance analytics, data management and software design expertise with best-in-class customer service to consistently improve client compliance accuracy and facilitate smoother regulatory audits. QuestSoft products, interfaced with over 40 LOS providers, enable more than 2,500 banks, credit unions and mortgage companies to simplify and speed the collection, analysis, compilation and reporting of key lending regulatory report data. The company’s software helped lenders submit over 8 million error-free transactions to regulators in 2017. For more information, call 800-575-4632, ext 1, or visit www.questsoft.com.