Calvin ''Corky'' Watts Joins nCommand as VP of Business Development; New Executive Brings Years of Experience in e-Mortgage Solutions to nCommand.
SAN MATEO, Calif.--(BUSINESS WIRE)--Nov. 14, 2000
In a key move aimed at accelerating the development and growth of its business partnerships, nCommand (www.ncommand.net) today named Calvin Watts vice president of business development.
nCommand creates and operates electronic partner networks (EPNs) that automate and synchronize labor-intensive workflow processes in industries where intercompany coordination is mission critical. Its recently launched Mortgage EPN(TM) cuts the cost of home loan processing in half by synchronizing operating practices for all the constituencies that create, service and securitize residential mortgages.
"With 30 years of experience in mortgage banking and technology, Calvin is exceptionally qualified to help nCommand forge the all-important alliances required to implement our vision of an open, end-to-end, all-digital processing and transporting network for the mortgage industry," said Anthony Wright, nCommand's president and CEO.
Mr. Watts founded and operated Mortgage Mart, an online consumer resource center based in Los Gatos, Calif., which was acquired in May by Irwin Mortgage Corp. (NASDAQ: IRWIN). Watts had licensed the Mortgage Mart to Irwin Mortgage prior to the sale and served as VP of Internet marketing. There, he developed and implemented the company's online retail channel and a Web-based lead generation and workflow management system, which Irwin integrated into its legacy loan processing system.
"nCommand presents an extraordinary opportunity," said Watts. "Its EPN technology streamlines an industry that is highly fragmented and whose operating practices are often labor intensive and inefficient. I look forward to helping build the alliances that will make the dream of an all-digital communications infrastructure a reality for the mortgage business."
Prior to creating Mortgage Mart, Watts founded PIB Mortgage, a wholesale lender based in San Jose that originated nearly $2 billion in loan volume annually with five regional offices. Mr. Watts previously founded three mortgage banks and held a succession of senior-level management positions in mortgage banking, loan production and secondary marketing.
A native of Los Gatos, he is a graduate of the University of California, Santa Barbara, and holds the Certified Mortgage Banker (CMB) designation.
Founded in 1998 in San Mateo, Calif., nCommand Inc (www.ncommand.net) creates electronic partner networks (EPNs) that automate and synchronize labor-intensive processes in industries where intercompany coordination is mission critical. Its flagship application, aimed at the mortgage banking industry, leverages the flexibility of XML and the efficiency of the Internet to automate home loan processing. nCommand is the leading provider of EPN solutions that lower processing costs, increase customer satisfaction and provide analytic tools that boost productivity among networked partners.
nCommand's executive team comes from Netscape, CitiGroup, Tuttle, Lotus, Unisys, GetSmart Mortgage and Providian Financial Corp. Investors include: eCom Partners, PMI Mortgage Insurance Co., AVI Capital, Red Rock Ventures, Media Technology Ventures, KLM Capital Group and Dotcom Ventures along with private individuals. nCommand is a member of the Mortgage Bankers Association of America (MBA) and is an elected member of the Governance Board of the Mortgage Industry Standards Maintenance Organization (MISMO) and chair of its Loan Origination Technology Workgroup.
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|Date:||Nov 14, 2000|
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