7-27-15 INNOVATION UPDATE: Correspondent Lending Reinvented, Jack Nunnery of TCB

Published: July 27, 2015, 5 p.m.

b'When it comes to Correspondent Lending, not much has changed in decades... that is until NOW! Today\'s guest is JACK NUNNERY, EVP\\xa0of Texas Capital Bank (TCB).\\xa0Last week,\\xa0TCB\\xa0announced\\xa0they are launching\\xa0their\\xa0"Mortgage Correspondent Aggregation" (MCA) business, which is a\\xa0new correspondent lending platform. Jack along with Gary Ort have\\xa0been responsible for TCB\'s\\xa0Warehouse Lending operation. They\\xa0recognized that there was an unusual opportunity to create within the correspondent lending space\\xa0an innovative and new approach to correspondent lending\\xa0that would be streamline virtually all the processes involved to the\\xa0benefit both the seller and the buyer. As a result, Jack\\xa0started a\\xa0"greenfield" work effort well over a year and a half\\xa0ago with the objective of designing and building a state-of-the-art streamlined\\xa0correspondent\\xa0lending platform\\xa0that operates in a way like\\xa0no other company has operated before. On today\'s broadcast, Jack is going to\\xa0talk about four key considerations that went into designing and building TCB\'s MCA business which are as\\xa0follows:\\nHistorical challenges to innovation in the mortgage industryHurdles to successful transformationSolutions for success not previously thought possibleThe consequences of not transforming our business\\nYou will not want to miss this important broadcast! \\xa0\\nWhen it comes to Correspondent Lending, not much has changed in decades... that is until NOW! Today\'s guest is JACK NUNNERY, EVP\\xa0of Texas Capital Bank (TCB).\\xa0Last week,\\xa0TCB\\xa0announced\\xa0they are launching\\xa0their\\xa0"Mortgage Correspondent Aggregation" (MCA) business, which is a\\xa0new correspondent lending platform. Jack along with Gary Ort have\\xa0been responsible for TCB\'s\\xa0Warehouse Lending operation. They\\xa0recognized that there was an unusual opportunity to create within the correspondent lending space\\xa0an innovative and new approach to correspondent lending\\xa0that would be streamline virtually all the processes involved to the\\xa0benefit both the seller and the buyer. As a result, Jack\\xa0started a\\xa0"greenfield" work effort well over a year and a half\\xa0ago with the objective of designing and building a state-of-the-art streamlined\\xa0correspondent\\xa0lending platform\\xa0that operates in a way like\\xa0no other company has operated before. On today\'s broadcast, Jack is going to\\xa0talk about four key considerations that went into designing and building TCB\'s MCA business which are as\\xa0follows:\\nHistorical challenges to innovation in the mortgage industryHurdles to successful transformationSolutions for success not previously thought possibleThe consequences of not transforming our business\\nYou will not want to miss this important broadcast!'