Portellus Adds Two Seasoned Veterans to Sales and Marketing Team
Lending Automation Firm Taps Vaughn and Bowerbank to Help Manage Rapid Growth, New Product Introductions
IRVINE, Calif.--(BUSINESS WIRE)--April 21, 2005 - As a result of its continued growth, Portellus Inc., a leading provider of mortgage automation solutions, today announced that David Vaughn and Joe Bowerbank, two seasoned professionals, have joined the company in key sales and marketing management positions. Both will be responsible for managing the company's recent expansion and upcoming release of several new lending automation products for the mortgage industry. Earlier this year, the company announced its plans to increase its workforce by 35 percent and moved its corporate headquarters to accommodate its growth. Vaughn joins Portellus as business development manager and brings more than 20 years of sales experience to the company. Previously, Vaughn held the same title at Commerce Velocity Inc., an Irvine, Calif.-based mortgage automation provider. As business development manager, Vaughn will be responsible for identifying new opportunities with lenders in need of Portellus'' business rules management system (BRMS), loan origination system (LOS), automated underwriting system (AUS), secondary marketing module, broker portal solution and point-of-sale decisioning applications. Bowerbank, who has more than 10 years of marketing management experience in the technology sector, joins the company as marketing director, a newly created position. Previously, he was marketing manager for Commerce Velocity. Bowerbank will be responsible for the company''s positioning, messaging, communications, events marketing and public relations activities. His primary focus will be the implementation and execution of Portellus'' corporate and product branding strategy in the mortgage banking industry. "The addition of David and Joe is a direct reflection of the strong lender-driven demand for our products and services in the mortgage banking industry," said Tony Acosta, director of business development at Portellus Inc. "Portellus has many innovative products to launch in 2005 and we look to these experienced sales and marketing professionals to quickly make a big splash with those solutions." John Le, CEO of Portellus, adds, "In January, we moved into a state-of-the-art facility to accommodate our rapid growth and to house newly hired developers, project managers, business analysts, integration specialists and sales executives. Portellus is on an unwavering mission to become the preeminent go-to solutions provider in our space, which will require us to continue aggressively expanding our operations in the mortgage banking industry throughout the year."About Portellus
Headquartered in Irvine, Calif., Portellus Inc. is a leader in the application of Service Oriented Architecture (SOA) for the mortgage banking and insurance industries. The company''s Decision Management Solution, Business Rules Management System, Mortgage Solutions Framework, and Rating and Underwriting Engine seamlessly integrate with existing systems to enable clients to gain competitive advantages, reduce costs, increase profitability, mitigate risk and quickly launch new products/pricing to penetrate new markets. For more information, visit www.portellus.com or call 949-250-9600. View More Press Releases
