History

In 1995, four principals, led by Steve Mase and Gretchen Peterson, founded Dexma with the vision of improving the basic business process for mortgage lenders. The business was built on the Application Service Provider (ASP) model, using Web-delivered software technology, offering development implementation and hosting services to retail, wholesale and correspondent lenders.

2009

• Dexma Lending Suite 9.0 releases in beta to a select number of customers delivering improved audit tracking, support for Rural Development products, and Kroll Credit integration among other enhancements
• Dexma receives 5th consecutive annual SAS 70 Type II certification from RSM McGladrey
• Paul Wetzel joins the executive team as VP Marketing
• Sheila Plunkett rejoins the executive team as EVP Sales and Marketing responsible for those functions as well as the Account Management, Training, and Custom Business Solutions Client teams
• Announces that over 6 million loans have been processed on Dexma platforms equaling approximately $1.1 trillion in loan volume

2008

• Demonstrates continued operational reliability by successfully processing a 5x spike in loan volume in late 2008 and early 2009
• Continues to improve the flagship Dexma Lending Suite with improved correspondent lending functionality and expanded support for community lending

2007

• CIO Gretchen Peterson assumes enhanced CIO/CISO role underscoring Dexma's commitment to information security
• Major Dexma Lending Suite enhancements released including product comparison capabilities, integrated document faxing capability, correspondent lending and multi-level institution support

2006

• Develops 'The Lender's Edge' a comprehensive mortgage lending solution for community banks
• Earns MISMO's MXCompliance certification for credit, automated underwriting and flood requests achieving MISMO compliance
• Gretchen Peterson elected to MISMO (Mortgage Industry Standards Maintenance Organization) Governance Committee

2005

• Dexma receives SAS 70 Type II certification from RSM McGladrey; this certification is a quality measure of Dexma's systems and controls
• Prime Alliance Solutions wins "Synergy Award" from Mortgage Technology magazine for creating "seamless connectivity between systems to advance the development of electronic commerce"
• Implements the Loan Fulfillment Center for 12 additional credit union customers

2004

• John Morris joins the executive team as Chief Financial Officer
• Gretchen Peterson named one of forty 'movers and shakers under 40' by Business Journal of Minneapolis/St. Paul
• Introduces the Loan Fulfillment Center, a Web-based processing and fulfillment platform

2003

• Wins "10X Award" from Mortgage Technology magazine
• Prime Alliance Solutions, a partnership between Dexma and BECU, adds its 50th customer; loan volume has grown to the size of a top 20 retail lender
• Adds several top 40 residential originators as customers, including U.S. Bank Home Mortgage and E*Trade Financial, Mortgage Services

2002

• GE Mortgage Insurance Company wins Mortgage Technology's 'Website of the Year' for GE's AU Central — a broker-lender portal for wholesale lending, developed by Dexma for GE MI
• Adds Weichert Financial Services as a new customer and continues to work with First Horizon Home Loans, United Guaranty, PMI Mortgage Insurance, Triad Guaranty and GE Mortgage Insurance
• Launches the Dexma Lending Suite, that combines the new Consumer Direct Center with the Professional Lending Center
• Wins several awards, including Deloitte & Touche Technology Fast 500, Minnesota Technology Fast 50, and Minneapolis-St.Paul Business Journal Growth 50

2001

• Forms Prime Alliance with Boeing Employees' Credit Union (BECU)
• Dexma president Steve Mase wins Mortgage Technology magazine's "Steve Fraser Award"
• GE Mortgage Insurance Company wins Mortgage Technology's 'Website of the Year' for GE's AU Central — a broker-lender portal for wholesale lending, developed by Dexma for GE MI
• Launches contract underwriting portal sites for United Guaranty, Triad, eMagic and PMI

2000

• Launches first contract underwriting site for Genworth Financial
• Deploys consumer origination platform for BECU, Dexma's first credit union customer
• Enhances Transaction Director to include Freddie Mac's Loan Prospector automated underwriting service

1999

• Provided simultaneous direct access to Fannie Mae's Desktop Underwriter and Freddie Mac's Loan Prospector underwriting engines for MGIC
• A Dexma team, led by Gretchen Peterson, develops Web-based version of Fannie Mae's Desktop Underwriter (DU™) and Desktop Originator (DO™), commonly referred to as DO™/DU™ on the Web
• Launches first Web-based wholesale loan and origination platform
• First customers include mortgage.com, e-jumbo.com and National City Mortgage
• Enhances Transaction Director to include Fannie Mae's automated underwriting services at the point of sale

1998

• Launches first mortgage origination site for consumers for National City Mortgage, Old Kent Mortgage and PNC Mortgage

1997

• In partnership with Equifax, deploys first Transaction Director service (credit) for Navy Federal Credit Union
• Launches the 'Communication Hub' for FT Mortgage web enabling third-party service ordering within Loan Officer Plus (LOS)

1996

• Launches first Web-based relocation site for PNC

1995

• Founded by Steve Mase and Gretchen Peterson