Capsilon Expands Executive Team, Forms New Product Organization to Drive Mortgage Innovation
Capsilon makes key executive changes to support its rapid growth
Capsilon is happy to announce the expansion of its executive team with the appointment of Sumit Guha as Senior Vice President of Capsilon IQ, as well as the promotion of Steve Viarengo to Senior Vice President of Digital Mortgage Solutions. The announcement comes at a remarkable time in the company's growth.
"In 2018, we made a significant investment in research and development to drive automation for the mortgage industry," said Sanjeev Malaney, Chief Executive Officer at Capsilon. "As a result, we expanded our product organization to further our growth objectives. Sumit leads our Capsilon IQ product line, where he is focused on enhancing the Capsilon IQ platform, and Steve heads up the development of Capsilon's Digital Mortgage Solutions. The formation of these new business lines enables the company to improve our core platform continually, while also delivering new solutions that reduce manual work and help lenders make faster, more informed decisions."
Steve Viarengo promoted to SVP of Digital Mortgage Solutions
Since joining Capsilon in 2017 as SVP of Product, Steve has been instrumental in driving Capsilon's evolution from an enterprise-wide document management platform to an end-to-end mortgage automation engine. In his new role, Steve is now leading product development and engineering for Capsilon's newly formed Digital Mortgage Solutions division where is he focused on building a series of innovative new digital mortgage applications that solve key pain points in the mortgage lifecycle.
"The mortgage industry is at a turning point," says Steve. “We believe companies who want to compete in the changing market need to adopt a new way of doing business that centers around using perfected data to drive automation. I'm excited to head up Capsilon's efforts to build solutions that solve the biggest pain points for mortgage lenders, investors, and servicers."
Sumit Guha named SVP of Capsilon IQ
Based in Capsilon's San Francisco headquarters, Guha is tasked with serving Capsilon's current customers and driving ongoing enhancements to the Capsilon IQ platform. Capsilon IQ captures and perfects mortgage data from any source, eliminating manual data entry and comparison, and enabling automation with complete, accurate information. Before joining Capsilon, Guha served as Vice President of Product & Engineering at Duetto, where he led the company's transformation from supporting a single product to a platform supporting four products and an analytics stack. Guha has helped scale several successful startups including Zuora, DemandTec, NewsCred, and Duetto.
"I'm thrilled to join Capsilon at such an exciting stage in the company's evolution," says Sumit. "Capsilon has built a culture of innovation where every team across the company runs on two-week sprint cycles. This approach enables us to rapidly build new technology that helps our customers transform how they work, resulting in more automated processes, massive operational efficiencies, and ultimately, a simpler, faster borrower experience."