STAT Systems, the new generation of business process management systems for automating and streamlining vendor management, title, appraisal and settlement operations, has named Tad Buck senior business development executive. In this position, Mr. Buck is responsible for bringing the STAT product to market and developing relationships with settlement service providers to further automate their business processes and grow product lines.

“We are quite pleased to have someone with Tad’s experience join our company,” said Arshad Masood, president of Visionet Systems, parent company of STAT. “His industry knowledge will certainly help our clients to enjoy the full benefits STAT Systems offers them.”

Mr. Buck comes to STAT Systems with over 18 years experience in the area of settlement technology and automation. Prior to joining the company, he had served in sales and management roles with Fidelity National Financial (Vision Global Solutions), TSS Software, PropertyInfo and Fiserv. He holds an undergraduate degree from Radford University and his Certification in Technical Communication from Duke University.

About STAT Systems

STAT Systems is a true workflow-based application that orchestrates title, settlement and appraisal business processes through an intuitive user interface, complete management visibility, seamless integration with external entities and a robust vendor management framework. It is the product of better thinking from a large development team with deep industry knowledge and heavy technological acumen.

About Visionet Systems

Cranbury, N.J.-based Visionet Systems is a full service mortgage consulting, technology and business process outsourcing company that delivers products in the best-of-breed philosophy. Visionet Systems helps lenders identify and remove inefficient business processes and technologies to improve profitability. Founded in 1995, the company’s customers include mortgage bankers and servicers.