Based out of the Plano, Texas, office, Varma Penmatsa is Auction.com’s new SVP of Product.
Penmatsa will lead Auction.com’s product and design teams, shaping and leading the company’s product roadmap.
“As we continue to invest in our company’s digital transformation, having a leader like Varma with strong product leaderships skills and a proven track record at large organizations experiencing high-growth and scale, will help us further this transformation,” said Ravi Singh, Auction.com, Chief Product and Technology Officer. “Varma will drive our platform and product roadmaps to increase value add for customers through industry-leading product methodologies and strategies.”
Varma brings extensive experience in management consulting and mortgage technology. During his tenure at Fannie Mae, he was instrumental in the build out several new innovative products and services (APIs) that simplified customer experience throughout the servicing journey. In the past six years he served in an executive leadership position at Fannie Mae where he led the digital products function for one of their divisions in single-family, which included servicing, loss mitigation, and REO business areas.
Prior to this position, Varma was the Director of Business Transformation at Capital One Home Loans. He also previously served as a Director at Fannie Mae’s National Servicing Organization and was also a senior consultant at KPMG.