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

When it comes to Correspondent Lending, not much has changed in decades... that is until NOW! Today's guest is JACK NUNNERY, EVP of Texas Capital Bank (TCB). Last week, TCB announced they are launching their "Mortgage Correspondent Aggregation" (MCA) business, which is a new correspondent lending platform. Jack along with Gary Ort have been responsible for TCB's Warehouse Lending operation. They recognized that there was an unusual opportunity to create within the correspondent lending space an innovative and new approach to correspondent lending that would be streamline virtually all the processes involved to the benefit both the seller and the buyer. As a result, Jack started a "greenfield" work effort well over a year and a half ago with the objective of designing and building a state-of-the-art streamlined correspondent lending platform that operates in a way like no other company has operated before. On today's broadcast, Jack is going to talk about four key considerations that went into designing and building TCB's MCA business which are as follows:

• Historical challenges to innovation in the mortgage industry
• Hurdles to successful transformation
• Solutions for success not previously thought possible
• The consequences of not transforming our business

You will not want to miss this important broadcast!