Rick Longmore joins Dytrix as senior vice president of sales
Mortgage industry veteran to oversee growth and adoption of the Dytrix platform, which provides lenders with real-time protection against wire and payment fraud
BLUE BELL, PA (November 5, 2019) — Dytrix, a fintech company that protects lenders from wire and identity fraud by validating financial transactions in real time through the Dytrix Platform, announced Rick Longmore has joined the company as senior vice president of sales. In his new role, Longmore will work with lenders to mitigate the increasing cybersecurity risks that are driving unprecedented wire and identity fraud, as well as help lower their operating costs in managing closing agents.
Longmore has more than 30 years of experience in the financial services industry with a proven track record of increasing profit for companies and building high-performance teams. Most recently, he served as senior vice president of business development with Movement Mortgage. Longmore has trained banks and credit unions on FHA, VA, Fannie Mae, and Freddie Mac guidelines and products, and has extensive experience in relationship management, sales management and credit underwriting across multiple lines of business and credit functions.
Dytrix helps financial institutions prevent wire fraud with a real-time, SOC2-compliant web platform that provides wire/ACH transfer validation and a complete closing agent management program. The Dytrix platform enables lenders to fully manage all closing agent risks, including agent due diligence, as well as confirm routing and bank account numbers, email identity and other risk indicators. The Dytrix platform also supports a lender’s ability to meet increasing state privacy law requirements like the New York State SHIELD Act and the California Consumer Privacy Act in their interactions with closing agents.
“Rick’s excellent relationship-building skills and training expertise make him uniquely qualified to educate lenders on the growing threat of wire and payment fraud,” said Regina Lowrie, president and CEO of Dytrix. “I know he is eager to spread the word about the benefits of our technology, and I couldn’t be happier to have him on our team.”
“I’m thrilled to help lenders fight back against wire fraud, which the FBI has identified as one of the largest and fastest-growing threats facing the mortgage industry today,” said Longmore. “No other company is better prepared than Dytrix to protect lenders from the financial, operational and reputational risk associated with financial cybercrime. I look forward to growing our client base and helping lenders keep their businesses and their customers safe.”
Rick Longmore.
About Dytrix, Inc
Based in Blue Bell, Pennsylvania, Dytrix enables secure financial transactions for institutions through the Dytrix Platform, which mitigates the increasing risks of wire fraud and disclosure of non-public customer information. The platform includes wire/ACH transfer validation and closing agent management and is supported by a secure and fully managed processes and a highly experienced team. The company's proprietary WireWaterfall™ approach uses carefully vetted databases to automatically verify wiring instructions and information about wire recipients in real-time, before funds are transmitted. Both Dytrix solutions are easily implemented by clients through the company's Secure Financial Transaction Gateway that handles virtually all aspects of program startup. For more information on Dytrix, go to www.dytrix.com/.
