Two added to Precept Corporation staff. (Technology Update).Precept An order, writ, warrant, or process. An order or direction, emanating from authority, to an officer or body of officers, commanding that officer or those officers to do some act within the scope of their powers. Rule imposing a standard of conduct or action. Corporation, the electronic due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and auction tool for commercial real estate mortgage bankers Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. , announced today two important personnel changes that support the company s future growth and success. Kathy Cotton, a former senior executive of Capital America/Nomura, expands her role at Precept from that of vice chairman of the firm's board of directors and marketing advisor to full-time executive managing director of marketing. "My increased involvement in Precept is reflective of my confidence in the product and its ability to transform the commercial mortgage market as we know it," said Cotton. Patricia Healy has signed up as a strategic advisor to Precept. Healy is co-founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Hyde Street Holdings, Inc., a company formed in 1996 to pursue value creation in real estate and real estate-related entities. "Hyde Street has evaluated a significant number of real estate and technology companies, and we find Precept's potential exceptionally compelling," Healy said. "People are everything when it comes to building a company like Precept. One of the best measures of success is the caliber of talent you attract," said Frank Scavone, CEO of Precept. "Kathy's ability to build a sales force arid ar·id adj. 1. Lacking moisture, especially having insufficient rainfall to support trees or woody plants: an arid climate. 2. access our primary customers, the mortgage banking community, is unparalleled, while Trish is one of the best strategic and organizational thinkers I know. Each of them is a forward-thinking real estate finance pro who will help us push toward full realization of Precept's vision." Corton has worked with Precept since February of 2000, when she joined as a consultant focused on the company's marketing efforts. Previously, Cotton was executive managing director at Capital America/Nomura, where she oversaw o·ver·saw v. Past tense of oversee. all commercial mortgage originations out of six regional offices. Cotton was a founding member of Nomura's commercial mortgage group, and in that capacity, developed the real estate industry's first operation for originating and securitizing smaller commercial mortgage loans. Prior to co-founding Hyde Street Holdings, Healy was co-founder of the Hanford/Healy Companies, a real estate consulting, asset management and investment firm which was sold to GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Commercial Mortgage in September 1996. |
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