Mortgage Company Conversion To Banks | Endurance Advisory Partners

Transformation from Mortgage Company with $8B of Originations to $1.7B Bank

Provided strategic advice from concept to execution, including acquisition negotiations, pricing, and unique escrow solution to address prospective credit risk in acquired bank’s loan portfolio
Completed $40MM capital raise to enable transaction
Developed Acquisition Business Plan and worked closely with external counsel to file all necessary State, FDIC, regulatory applications/notifications to gain approvals
Developed governance, risk management, technology, compliance, and other policies and procedures necessary to gain regulatory approval

Implemented new funding and liquidity strategy using FHLB advances, digital deposits and institutional cash management to generate funding for combined bank and mortgage operations
Drove mortgage and banking digitization, negotiated new vendor agreements, and onboarded change management team; completed bank technology transformation and implemented 2-year digitization plan for mortgage; and outsourced IT infrastructure
Provided leadership throughout the +2-year transformation, with key advisory team members serving as CEO, CRO, CTO, CIO, and CBO