ABOUT ME

WHO AM I?

I'm a mortgage industry professional with 7+ years of experience in operations management, sales, and marketing. Proven success with managing and growing successful mortgage companies with emphasis and competencies on systems, data analytics, and technology.

Tyler Plack

LET'S CONNECT

SKILLSET

I bring a very different problem solving approach due to my background in mortgage lending, capital markets, data science, and software engineering. The end result is that the solved problems are often based on quantitative methods and tend to employ code and interfaces for users to interact with.

LEADERSHIP

100%

CAPITAL MARKETS

100%

MORTGAGE LENDING

100%

MACHINE LEARNING

95%

SOFTWARE ENGINEERING

95%

EDUCATION & ACHIEVEMENTS

2015-2018

University of Maryland, College Park

B.A. ECONOMICS

Completed bachelor's degree in Economics at University of Maryland, College Park, and graduated cum laude in 3 years.

2015-2018

University of Maryland, College Park

B.A. SPANISH LITERATURE

Completed bachelor's degree in Spanish Language and Literature at University of Maryland, College Park, and graduated cum laude in 3 years.

2018

Nationwide Mortgage Licensing System

STATE-LICENSED LOAN ORIGINATOR

Fully licensed mortgage loan originator.

2018

University of Maryland, College Park

Phi Beta Kappa

Inducted into national collegiate honor society for academic excellence

EXPERIENCE

2019-

SOUTH RIVER MORTGAGE

PRESIDENT AND CHIEF TECHNOLOGY OFFICER

Founding employee at South River Mortgage, leading South River Mortgage's production from zero initial volume to over 200 reverse mortgages (HECM & proprietary) per month and one of the top 5 reverse mortgage lenders

Oversaw transition of broker to FHA approved lender

Created South River Mortgage's proprietary reverse mortgage, HomeForLife

Created powerful reverse mortgage marketing engine to drive low-cost conversions, both in new-to-reverse borrowers and HECM-to-HECM refinances, using multiple data sources and blends

Oversaw technology development for proprietary, in-house loan pricing and qualification engine and custom CRM

Lead data science team; developed deep learning networks and machine learning with implementations in capital markets and direct mail marketing

Managed investor relationships ranging from service level SLAs to pricing negotiation

Designed underwriting and operations processes for both proprietary reverse mortgage and HECM loan programs in collaboration with counsel, investor guidelines, and industry best practices from initial application to post-closing

Grew a team of 10 direct reports and total staff headcount of 150

2017-2018

ELITE FUNDING CORPORATION

VICE PRESIDENT OF OPERATIONS

Oversaw processing, closing, and funding functions within the organization to ensure service levels were met.

Created standardized operating procedures on both the sales and operations side including training, compliance, and origination manuals.

Managed team of 25, including both loan originators and processors.

7,500+
CLOSED LOANS
100+
AI MODELS BUILT
3
SUCCESSFUL LAUNCHES
150+
TOTAL EMPLOYEES

BLOG ARTICLES

Understanding the Various Arguments for Why the Fed Needs to Cut Rates

The economic winds are showing signs of changing. The tailwinds produced by the economic stimulus of COVID-19 that once had the strength of the jet stream have shown signs of […]

Analysis of Lending Limit Increases for HECM Borrowers

In semi-recent news, the Federal Housing Finance Agency increased the lending limit on conforming loans for 2024. Understanding the HECM Program The Home Equity Conversion Mortgage (HECM) program, integral to […]

Visualizing HECM Principal Limit Factors & How Rates and Age Affect Them

I think everyone in the reverse mortgage space has probably heard these anecdotes: “As borrower age increases, the amount of money the borrower qualifies for increases” “As interest rates decrease, […]

CONTACT INFORMATION

tyler@tplack.com