AUSTIN, Texas–(BUSINESS WIRE)–Calque, the leader in empowering established lenders to offer non-contingent mortgages, has announced the appointment of respected mortgage industry veteran Dan Mugge as Chief Operating Officer. Mugge will lead the company as it secures more high-profile mortgage lending partners to offer innovative mortgage solutions, including its flagship product, The Trade-In Mortgage. Calque currently operates in 17 states, with additional states identified for expansion in 2023.
Calque, launched in 2021, specializes in working with lending partners to offer loan products that empower homeowners to buy a new property and move before they sell. Unlike other buy-first mortgage lending solutions, homeowners can choose their own real estate agent and work with any lender in the Calque network of mortgage providers.
“I am incredibly excited for the opportunity to join a company that is entirely focused on helping homeowners skip the heartache of synchro-selling. What I love about Calque is it addresses the challenges for consumers in a way that doesn’t disintermediate lenders and real estate agents and they pay much less than alternative offerings for the convenience,” said Mugge. “I look forward to scaling Calque’s business with lenders looking for turn-key mortgage solutions like The Trade-In Mortgage.”
Mugge brings nearly 25 years of experience leading technology and business management at both startups and large public companies to the role. He has experience building relationships with large and small companies to exceed millions in annual revenue at several mortgage leading technology companies such as CoreLogic and Black Knight Financial Services. His understanding of the mortgage industry and how borrowers can leverage their home equity will be critical to his success.
“Dan’s deep background in financial technology combined with his proven track record as an executive makes him the ideal candidate to guide our growth,” said Jeremy Foster, Chairman at Calque. “As we expand our footprint from 17 states to the entire US, we know we have the best person to help us grow while maintaining our focus on providing an excellent experience for consumers, real estate agents, and lenders.”
About Calque
Calque partners with established community lenders to offer mortgage lending solutions that make the home purchase process simpler, less stressful, and more cost effective for homeowners. Mortgage products such as The Trade-in Mortgage™ streamline the entire home purchase process from start to finish by enabling consumers to submit non-contingent offers that function like cash offers, buy and move into their new home before selling their current one, use the accrued equity on their existing home to increase their down payment and reduce their monthly payments, prep their original home for sale after they’ve moved out, and stress less during the process.
Calque is not a lender and only works with best-in-class, FDIC-insured banks, credit unions, and mortgage banks in 17 states across the country and growing.
