Industry vet Mike Sellberg named interim chief product officer and chief of staff at Coviance, a fintech on a mission to transform the mortgage process
DES MOINES, Iowa, March 15, 2023–(BUSINESS WIRE)–Coviance (formerly LenderClose), a fintech company that makes the home lending process easier, faster and more scalable, today announced that Mike Sellberg has joined the management team as interim product manager and chief of staff.
Mike comes to Coviance from Vertex Software, where he was Executive Vice President, Chief of Staff and previously held the position of Chief Product Officer at Workiva, and previously held leadership roles at Engineering Animation, Inc. (EAI) and UGS. He comes to Coviance with over 30 years as an experienced operations, technology and marketing leader who helped found and scale two B2B software companies from private startups to public companies with 1,200+ employees globally and over $200M in annual revenue.
“Growing our team is a hugely important step as we continue our mission, so we’re thrilled to have an accomplished leader like Mike join our team and help lead the organization,” said Omar Jordan, Founder and CEO in Coviance. “As we scale rapidly, the product and operations teams have been working at a rapid pace, and we look forward to Mike’s guidance and expertise to take us to the next level.”
As Chief Product Officer at Coviance, Mike’s role involves leading the product vision and strategy while guiding and supporting product management, helping to scale by hiring and optimizing processes. At the same time, Mike’s dual role as chief of staff includes special projects that are usually operational and cross-group. “After 30 years in the software industry, I was planning to retire until I heard Omar’s incredible vision for the industry and met his talented and collaborative team,” said Mike Sellberg, Interim Chief Product Officer and Chief of Staff. “My goals are to help Omar lead Coviance through ‘operational scaling’ – particularly the SaaS transition, support the product and technology teams to meet their three-year product and architecture vision, and assist in the optimization of sales and marketing processes. I am truly excited to be part of the Coviance team and excited to see where Coviance is headed.”
As a leader in mortgage lending, Coviance continues to expand its team at a rapid pace to keep pace with market demand. Coviance was founded in 2015 and to date has over 425 credit unions and community banks nationwide on its platform and a tremendous track record of 1.117% 3-year growth. By 2022, nearly $8 billion in mortgage transaction volume was processed using Coviance’s technology.
ABOUT COVIANCE
Founded in 2015, Coviance (formerly LenderClose) is a CUSO fintech company on a mission to perfect the lending experience for community lenders and borrowers through automation and intelligence. A cloud-based platform, Home Equity Express™ (HEx), automates the home equity lending process through configurable workflows with data-driven decision-making information that elevates the lending experience for borrowers and lenders. For credit unions and community banks, Coviance is a clear solution that is easy to implement and deploy and allows them to focus on what matters most – the “borrower experience.” Coviance was selected as the National Association of Credit Union Service Organizations’ 2022 CUSO of the Year and earned a spot on the Inc. 5000 List of Fastest Growing Private Companies in the United States in 2022. For more information visit Coviance.com.
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Kristen Grossi
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