Richardson-based Texas Capital Bank announces mortgage correspondent lending program

09/10/2015
Written By Korri Kezar | Dallas Business Journal 
 
 
Texas Capital Bank (Nasdaq: TCBI) announced Wednesday the launch of its mortgage correspondent lending program, which will staff around 100 workers over the next year.
 
 
The program is an extension of Texas Capital’s warehouse lending program and utilizes new technology that takes a closer look at the loan origination process. Aims of the new technology include reducing the risk of repurchase demands, improving transparency and speeding up the loan process.
 
 
Part of that technology is called Correspondent Hub, and will improves how correspondent sellers and investors connect, the bank said.
 
 
Texas Capital is currently hiring correspondents and high-level mortgage bankers to run the new program. It has 45 current employees to take care of initial public needs when the program opens for business next week. The workers are located at the bank’s facility in Richardson.“We hope that it brings in more customers, enhances the profitability of the bank, and we believe we are going to be very successful at this,” said Jack Nunnery, Texas Capital’s director of correspondent lending. “The mortgage industry is in desperate need of technology and that’s what we’ve done, we’ve innovated processes. It’s going to enhance the speed in which we process loans and the profitability of our clients.”
 
 
Texas Capital is currently hiring correspondents and high-level mortgage bankers to run the new program. It has 45 current employees to take care of initial public needs when the program opens for business next week. The workers are located at the bank’s facility in Richardson.
 
 
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