Fulton, Maryland-based LendingSpace – a provider of loan origination management solutions for all residential mortgage loans, whether forward or reverse, government, or conventional - has announced the selection of Jeffrey T. Osheka as president of the company.
With over 20 years in the industry working for companies such as Lydian, Decade Systems, Ultraprise/GHR, and Fidelity Mortgage Funding, Osheka’s experience in mortgage technology and lending includes all facets of origination, post-closing, secondary marketing, and loan servicing. As president of LendingSpace, Osheka is responsible for directing the company’s current growth, with an emphasis on the rapidly expanding reverse mortgage market.

Ravi Varma, LendingSpace co-founder and CEO, commented, “We needed someone with the kind of vision and drive required to succeed in the Home Equity Conversion Mortgage (HECM) market, and Jeff was a great fit.”
Prior to joining LendingSpace, Osheka was SVP of national sales and business development at Lydian Technology Group and Lydian Data Services, where he developed relationships that increased revenues for both the software and service business lines while also managing the sales teams. Previously, he spent several years at ZC Sterling and at Ultraprise/GHR. And earlier in his career, Osheka spent 15 years in mortgage banking, including servicing, origination, secondary marketing, and executive management. He held various executive positions in these areas with Ryan Financial Services, NVR Mortgage, Dellwood Mortgage, and Fidelity Mortgage Funding.
Osheka said LendingSpace’s commitment to the success of its clients was what led him to take the helm at the company. “Their web-based technology is simply the best available to help companies find, negotiate, and close any type of mortgage, whether reverse or forward, conventional, or government,” Osheka explained. “Furthermore, LendingSpace doesn’t charge for loans that fail to fund for any reason, and doesn’t even charge installation fees and seat licenses as so many others in this space do. That to me is true partnership with clients.”
Osheka added, “It’s the sort of commitment I was looking for in a new challenge, and it is an integral part of the cultural DNA at LendingSpace.”