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Category Leader in Home Equity Lending Solutions Coviance Adds Industry Veteran Doug Glagola to Board of Directors

DES MOINES, Iowa, October 23, 2023--(BUSINESS WIRE)--Coviance, a fintech company that enables community lenders to efficiently scale home equity volume and deliver speed for borrowers, announced a new powerhouse member to its board of directors, Doug Glagola. As the Director of Strategic Partnerships for TruStage Ventures, Glagola brings nearly three decades of experience in financial technology services to the board.

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Doug Glagola (Photo: Business Wire)

"Coviance has brought innovation to a space that has been stagnant for decades and have quickly become the go-to trusted partner in helping community lenders take a stake in market share," says Doug Glagola. "I am thrilled to be part of Coviance’s journey and in a position to help accelerate their growth and support their vision in being the technology solution enabling lenders to move at the speed of the borrower."

Glagola brings a wealth of knowledge and experience to Coviance’s board. At TruStage Ventures he leads various business development and technology advisory activities with Ventures portfolio companies, TruStage Fintech Solutions, and other internal TruStage lending teams. Prior to TruStage, Doug spent 17 years as Vice President of Business Development at MeridianLink® culminating in MeridanLink’s listing on the NYSE in 2021. During his tenure, he led business development activities and managed strategic relationships for the MeridianLink One platform, the Company’s multi-product platform serving more than 2,000 financial institutions. Doug also spent 11 years with Fannie Mae as the Director of the eBusiness Client Services. At Fannie Mae, Doug was instrumental in the development of the first loan origination system integration and distribution with the Desktop Underwriter platform.

"I’m personally humbled to have Doug’s deep expertise on our board of directors," says Omar Jordan, Founder and CEO of Coviance. "His depth of knowledge will help us guide me and the team to continue to deliver outstanding technology solutions for our customers and the industry."

Coviance’s board consists of Omar Jordan (Coviance), Samantha Paxson (CXO, Co-op Solutions), Nick Evens (CEO, Curql), Kris Kovacs (CEO, Constellation Digital Partners), Jenny Vipperman (CEO, ORNL Federal Credit Union), and Scott Hoekman (Investor). Along with the other board members, Glagola will provide strategic guidance and support Coviance’s growth, strengthening the company’s role as a category leader in lending technology.

About Coviance

Founded in 2015, Coviance (formerly LenderClose) is a fintech company on a mission to perfect the lending experience for community lenders and borrowers through automation and intelligence. A cloud-based platform, automating the home equity lending process through configurable workflows with data-driven decisioning intelligence elevating the lending experience. For Community Banks and Credit Unions, Coviance is an out-of-the-box solution that is simple to implement and deploy and allows them to focus on what matters most – "the borrower’s experience". Coviance earned a spot on the Inc. 5000 List of Fastest Growing Private Companies in the U.S. in 2022 and 2023.

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Kristen Grossi