NextGen.Net appoints new CEO

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    Mortgage tech provider NextGen.Net has announced the appointment of Brett Stanford (pictured) as chief executive officer, effective July 01.

    Stanford currently serves as applications director at NextGen – a role in which he has overseen the design, creation, and delivery of the firm’s lending platform.

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    NextGen founder and current CEO Adrian Macleod, who will stay on as executive chairman, said he is delighted that Stanford has “accepted his request to take the reins and lead the company into a bright and prosperous future.”

    “Brett is highly regarded in the banking and finance community and well known to NextGen customers,” said Macleod. “His experience and expertise in loan origination and processing technology, coupled with detailed knowledge of the opportunity open banking brings, makes him well placed to drive a highly effective organisational strategy.”

    Macleod added that Stanford “has worked closely and collaboratively with industry, lenders, and broker groups and has a valuable understanding of the impact of technological innovation and the benefits it delivers to all parties in the loan value chain.”

    For his part, Stanford said that he is “looking forward to stepping into the role to lead the highly skilled and dedicated team at NextGen.”

    “The home loan application process is changing rapidly with consumers’ expectations of their service providers higher than ever,” said Stanford. “NextGen is uniquely positioned to securely leverage customer, property, and other data insights, headlined by open banking to help our customers in their quest to deliver better borrower outcomes. It’s a hugely exciting opportunity and I look forward to working with our customers and partners to further reduce processing friction, lower costs, drive superior compliance, and support a robust regulatory framework.”

    Related stories:

    • Creating a digital home loan experience
    • The value of open banking

    Original Article