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Bill Kelvie, the chief executive officer of Overture Technologies and longtime chief information officer at Fannie Mae, is arguably one of the most distinguished and experienced executives on automated underwriting and pricing systems.
Kelvie served as chief information officer of Fannie Mae for over 10 years. Under his leadership, Fannie Mae led a mortgage industry transformation, offering instant online loan approvals through the development of Desktop Underwriter. This technology enabled lenders to reduce the cost of originating a loan by 60-70 percent and enabled approval times to reduce from 30 days to 30 minutes or less. At Fannie Mae, Kelvie gained invaluable experience in loan processing, pricing and delivery, automated underwriting, loss mitigation, credit modeling and integration with legacy systems.
After 10 years at Fannie Mae, Kelvie founded Overture Technologies to take automated underwriting systems to the next level. The firm created Mozart AUS, a fourth-generation automated underwriting, product selection and pricing engine designed for both non-conforming and conforming loans. As chief executive officer, Kelvie is centrally involved in the firm�s operations, customer relations and investor relations.
Kelvie was recently granted Mortgage Technology magazine�s Lasting Impact Award and Mortgage Banking magazine�s prestigious IT All-Star Award for his career contributions to the field of mortgage technology. He also serves on the boards of Homestore.com, the residential real estate industry�s leading Internet corporation, and the Electronic Trading Advisory Board of NASD. | 