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Eye on the Industry: New Appointments, New Technology

 

 

 

Gregg Gunn, an industry veteran with more than 25 years' experience in the mortgage industry has been appointed as VP, Midwest Regional Manager at Bell Bank Mortgage. The company has a 130-year history in the Midwest and is now expanding its footprint in several U.S. regional markets.

Gunn, who is based in St. Louis, will be responsible for recruiting mortgage lenders, developing brand awareness, and building Bell Bank Mortgage's business in Springfield, St. Louis, and Kansas City, Missouri as well as in Omaha and Denver.

“We are proud to join forces with a respected and experienced local professional like Greg,” said Tony Weick, EVP for Bell Bank and President of Bell Bank Mortgage. “This market is an attractive strategic fit for our regional growth, and Greg is also charged with seeking potential expansion opportunities in Illinois, Kansas, Nebraska, and Colorado.”

“This is a great opportunity,” Gunn said, “not only for me but also for the talented mortgage professionals we’ll be hiring. Becoming part of the Bell family will allow our future new mortgage team in Missouri to offer even more loan options to fit what customers are looking for. I’m excited to join this growing company and provide a top workplace and a top destination for building mortgage relationships.”

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digital lendingSalt Lake City-headquartered fintech firm, Finicity, has announced the release of a new verification of income and employment (VOIE) solution for lenders. The new solution uses a  patent-pending TXVerify™ technology that will speed up borrower verifications and further advance the industry's shift toward a fully digital experience.

“Our VOIE is expected to become the new gold standard of income and employment verification,” said Steve Smith, CEO, Finicity. “We know it will be met with fast adoption by key industry players who aim to be on the cutting edge of lending technology. With VOIE building upon our current verification of assets solution, lenders will now be able to use Finicity as a one-stop-shop for digital verification.”

The solution digitally extracts a borrower’s pay statement data from the paystub and then cross-verifies that key data with their income transactions from their financial institutions. Enabled by its TXVerify technology, this detailed vetting process creates a real-time picture of an applicant’s income and employment for fast, accurate reports.

The solution does this by leveraging the highest value data—direct from banks—along with a scan, photo, or PDF of a borrower’s paystubs. This process significantly shifts the current paradigm from a mostly manual process to one that is fully digital, all while reducing fraud and increasing confidence in the underwriting process.

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Ad spendCarrollton, Texas-based legal and financial services technology provider, a360inc has announced that Chicago-based Knox Capital, an affiliate of Morgan Stanley Private Credit and ORIX Mezzanine & Private Equity, has made a strategic investment in the company.

With this new capital investment, a360inc plans to accelerate the strategic expansion and improvement of its technology and services in the creditors’ rights market through direct investment and acquisition.

“Today’s default market is primed for modernization and evolution, and this investment allows us to focus on the future,” said Scott Brinkley, CEO of a360inc. “a360inc sees a massive opportunity in creating a market-leading technology and services platform built around all vendor constituents in our ecosystem: from law firms and their vendors to the ultimate end-client: Mortgage servicers and investors.”

The company said that the Knox Capital investment allows a360inc to immediately pursue additional acquisitions that fill gaps in the company’s offerings while facilitating further advances and cross-platform integration of its current technology and outsourced services.

About Author: Seth Welborn

Seth Welborn is a Harding University graduate with a degree in English and a minor in writing. He is a contributing writer for MReport. An East Texas Native, he has studied abroad in Athens, Greece and works part-time as a photographer.
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