In this episode of Lykken on Lending we’ve got Regina Lowrie as our guest in the Hot Topic segment! It’ll be a great discussion on the mortgage fintech world of technology and the importance of security for all mortgage financial transactions.
Regina M. Lowrie is President and CEO of DYTRIX, Inc., and RML Investments Inc., d/b/a RML Advisors. Both companies are headquartered in Blue Bell, Pennsylvania.
Dytrix is a financial technology company that enables secure financial transactions for institutions through the Dytrix Platform which includes wire/ACH transfer validation and closing agent management.
RML Advisors serves the financial services community as an independent advisor and consultant.
Prior to founding Dytrix and RML Advisors, Ms. Lowrie was President of Vision Mortgage Capital, a division of Continental Bank, and Senior Vice President of Continental Bank. Previous to Vision Mortgage Capital, Ms. Lowrie was Founder/Chief Executive Officer of Gateway Funding Diversified Mortgage Services 1994-2006, a $3.2 Billion Mortgage Banker.
Ms. Lowrie is currently on the Board of Directors of Cherry Hill Mortgage Investment Corporation as an Independent Director; Compensation Committee Chairman and Audit Committee Member; Board of Directors of The Union League of Philadelphia; and, on the Advisory Board of Get Credit Healthy. Regina served for 13 years on Montgomery County Community College Board of Trustees, Foundation Board and Treasurer and 10 years on Gwynedd-Mercy University Board of Trustees; Finance and Audit Committee Member.
Ms. Lowrie was the first woman Chairman of the national Mortgage Bankers Association (“MBA”) in 2005 and continues to serve on many committees. Regina has also testified before Congress on public policy to include GSE Reform and has served as an expert witness for the financial services industry. She attended the University of North Carolina Kenan-Flager Business School and is a Certified Mortgage Banker.
Excerpts from this Episode:
Listen: The mortgage industry is facing a wire and identity fraud crisis of epic proportions… the war against financial fraud…
Listen: We’re really victims of something that is continuing to grow… cyber crime in the mortgage industry is on the rise…
Listen: What are financial institutions and lenders doing to protect themselves from cyber crime… the reality is that not many are doing anything…
Listen: The challenges encountered when your email is compromised…
Listen: Even companies that have cyber security insurance policies don’t realize the provision details in those policies that won’t fully protect them…
Listen: There are a number of processes that the Dytrix platform does in order to protect against losses…
Listen: The E&O insurance typically includes an exception for privacy violations… understanding insurance when it comes to cyber security…
Listen: What was important was to do the validation in real-time and not delay the closing… getting your validation in less than 30 seconds…
Listen: What makes the Dytrix platform different than other companies… banking history and risk indicators with a waterfall of risk mitigators…