Ellie Mae (R) has hired Parvesh Sahi as its new vice president of compliance solutions.
Sahi has over a decade of mortgage compliance experience. In his new role, he will oversee business development of the company's compliance offerings, which include Encompass Compliance ServiceT, an integrated automated compliance solution powered by Mavent, which provides automatic compliance checks throughout the entire mortgage origination cycle.
He will also oversee business development and client relationship management for Mavent, Inc., an automated compliance solution provider and subsidiary of Ellie Mae.
In addition to developing and implementing initiatives to help position, market and sell Ellie Mae's compliance solutions, Sahi will also manage the company's relationships with its direct Mavent clients and channel partners, evaluate both clients' and prospects' compliance needs and help develop solutions that address those unique needs.
Sahi's responsibilities include serving as an in-house compliance business development leader as well as training, advising and supporting internal business units that include sales, sales engineering, implementation and product management.
Prior to joining Ellie Mae, Sahi worked as vice president of sales and business development for QuestSoft Corporation, a provider of automated lending compliance review software and reseller of Mavent compliance services, where he oversaw sales and marketing across all company product lines. Prior to that position, as product director, he handled product development, sales, marketing and strategy for the ComplianceEAGLE product line distributed by QuestSoft.
"Compliance is a top concern for our clients and a top priority for us," said Jonathan Corr, chief strategy officer for Ellie Mae. "There are-and will be-a lot of compliance-related changes that stem from the Dodd-Frank Act. We believe that Sahi's compliance background and insight strengthens our ability to help our clients stay compliant with all regulations, new and old."