By leveraging our game-changing technology and commitment to empowering local entrepreneurial loan originators, the NexSpring Origination Network will be a disruptive force in the mortgage market. We have developed a proprietary financial services technology platform that enables us to harness the entrepreneurial spirit of high-quality loan officers by creating a clear path for them to efficiently start and operate their own mortgage origination businesses as members of the NexSpring Origination Network. Enabled by our proprietary technology, operational expertise and extensive mortgage industry experience, NexSpring will build and manage the network by providing a powerful digitally-enabled technology platform, centralized processing, compliance and lender management services.
NexSpring is the modern solution to making mortgages simple and readily available online:
Driving benefits across the value chain:
The NexSpring Loan Origination Business:
The NexSpring Platform: NexSpring Financial’s proprietary, highly scalable financial services technology platform has been built with modern best-in-class software with a unique “many-to-many” architecture that will enable the execution of our model and create competitive differentiation. Platform highlights include:
- Open, service-based architecture enabling robust integrations
- Proprietary rules engine
- Complete suite of core proprietary platform services including
- Product, price and eligibility (PPE)
- Fee engine
- Decision engine
- Configuration services
- Document repository/management system
- Loan object model and database with abstraction layer for user interfaces
- Workflow engine
- Integrated security model
- Entity and user management and reporting/business intelligence infrastructure
Seamless User Experience: The platform enables a complete and seamless user experience between customers and wholesale lenders with the following features:
- A modern, digital consumer experience including robust third-party service integrations, and an “intelligent” mortgage application navigation capability.
- Pre-filled data available through integrated third-party services
- Supports direct to consumer or traditional distributed retail (loan officer sourced) transactions
- Consumer technology will be custom-branded to network members’ specifications
- Robust integrations to automated underwriting engines and other third party services
- Highly transparent and seamless borrower-facing processing platform
- Rules engine-based compliance logic ensures robust controls are maintained
NexSpring Financial’s team averages over 25 years of mortgage industry experience both as trusted advisors to leading private equity firms responsible for defining and executing mortgage market strategy and in senior level positions in large national lenders such as Prudential Home Mortgage, Wells Fargo, Citi Mortgage and Bank of America.
A majority of the NexSpring Financial team shares the unique experience of having built and developed Nexstar Financial Corporation, a de novo mortgage lender and business process outsource services provider founded in 1999. Nexstar was successfully sold to MBNA in 2005, providing a strong return for shareholders. In addition, The Company has a highly accomplished, highly experienced Board of Advisors to help steer the strategic direction of The Company.
Regional Sales Director
Joshua is a Saint Louis native who moved to Sunny San Diego in 2016. He has 17 years of mortgage experience, holding positions in the retail and wholesale side of the mortgage industry. In both roles he has lead teams, recruited, and managed branches. He has excelled in the mortgage industry strongly because of work ethic and integrity. This has allowed Joshua to retain lifetime customers and respect from peers. Joshua prides himself in leading teams with the motto, "hard work beats talent when talent fails to work hard."
Outside of work, he loves spending time with my family, playing golf, swimming, and watching his son play basketball.
Helen B. Garrity
Senior Managing Director, Board of Managers
Helen Garrity co-founded NexSpring Financial and serves on its Board of Managers and as an active advisor to the company. Helen has spent a majority of her career in the financial services industry as a leader in some of the most innovative and successful mortgage industry businesses. With over 25 years of experience, she has focused her efforts on building and leading businesses that leverage efficient operations management, world class technology, and disciplined practices to support a high-quality customer service experience with strong business and financial results.
Helen also co-founded NexSpring Group, LLC in 2006, primarily focused on driving significant components of M&A and strategic advisory client engagements as well as designing and executing business development activities for the company.
Prior to co-founding NexSpring Group in 2006, Helen served as Executive Vice President of Nexstar Financial Corporation (and MBNA Home Finance, which acquired Nexstar in 2005) where she was responsible for leading all business development, sales, marketing and client management efforts and initiatives. As one of the first members of the executive management team, she played a significant role in the development of the firm’s vision, business strategy, corporate culture and evolution. Nexstar became known as the leading full mortgage outsource provider to the industry and was #100 in the Inc. 500 list of the Fastest Growing Private Companies in 2004.
Prior to Nexstar, Helen was Senior Vice President of Wells Fargo Mortgage, where she was responsible for leading the Corporate/Institutional business channel. This business was recognized as one of the best performing in the company as well as the industry leader during her tenure. Corporate clients included a majority of the Fortune 500 companies. Before joining Wells Fargo, Helen was Executive Vice President at Prudential Home Mortgage. Prior to her involvement in the mortgage industry, she had several years of experience in the corporate relocation industry. Helen obtained her Bachelor of Arts degree from Boston University.
Retail Sales Director
Jeremy Moore serves as Retail Sales Director of NexSpring Financial, responsible for building and growing our in-house loan origination business. He has been instrumental in developing a comprehensive sales strategy for both employee and independent loan officers. Jeremy has over 15 years of experience in the mortgage and banking industry and has an expertise for recruiting, training and managing top talent.
Prior to his current role at NexSpring Financial, Jeremy worked with several institutions including Cherry Creek Mortgage, Franklin American, Delmar, and Pacific Union to help them grow their presence in their markets. He was responsible for managing, as well as starting, branch offices. His role included recruiting, marketing, compliance, strategic relationship development with business partners, training, and budgeting. While fulfilling his manager role, he also produced loans and maintained his own book of business.
Jeremy began his career in the mortgage and banking industry at Freedom Lending as a loan originator. Jeremy subsequently worked with all different types of lending including business and commercial. His mortgage broker position at M&I Bank evolved into him taking on the role of Vice President/Branch Manager where he successfully managed multiple branches simultaneously and excelled at business development.
Jeremy is a St. Louis native and received his Bachelor of Science degree from St. Louis University.
Chief Executive Officer, Board of Managers
Mike Fabian co-founded NexSpring Financial and serves as Chief Executive Officer and as a member of the Board of Managers of the company. Mike has over 25 years of experience in the mortgage industry with extensive expertise in strategic planning, financial management, mergers and acquisitions, treasury, secondary marketing, asset valuation and interest rate risk management.
Mike also co-founded NexSpring Group, LLC in 2006, a boutique advisory and consulting firm offering services to leading private equity firms and mortgage lenders. NexSpring Group specialized in M&A, business strategy, financial management, capital markets, operational transformation, technology implementation and risk management.
Prior to co-founding NexSpring Group, Mike served as the Chief Financial Officer of Nexstar Financial Corporation (and MBNA Home Finance, which acquired Nexstar in 2005), where he was responsible for all M&A, financial and capital markets functions and led the development of several innovative financing and risk management structures. He also pioneered several fee-based services including a turn-key managed capital markets service utilized by several of Nexstar’s lender clients. Nexstar was a de novo high-tech mortgage lending/business process outsourcing company founded in 1999 with its capital partner KKR, a leading private equity firm.
Prior to joining Nexstar, Mike served as Group Vice President, Asset Valuation and Risk Management at Wells Fargo Mortgage where he was a senior trader and made significant contributions to the analytic framework that supported the interest rate risk management function. Prior to that, he was also a senior trader at Prudential Home Mortgage, responsible for various areas of Secondary Marketing, Asset Sales, Trading and Trade Clearing Operations.
Mike began his career at KPMG after receiving a B.S. in Business Administration with a major in Accounting from St. Louis University in 1985. Mike also earned an MBA from St. Louis University in 1993.
Mark J. Besch
Chief Operating Officer
Mark Besch co-founded NexSpring Financial and serves as Chief Operating Officer, responsible for the operational management of the Company including loan transaction management, business engineering, lender management, and quality control.
Mark has over 15 years of financial service industry and mortgage banking business process and technology management experience. Prior to his current role at NexSpring Financial, Mark specialized in the development and delivery of business process enablement and technology products and services to NexSpring clients.
Prior to NexSpring, Mark was Senior Vice President at Bank of America/MBNA Home Finance/Nexstar Financial Corporation where he was responsible for the loan origination process design and workflow management for all call center operations (sales, fulfillment, and closing), operational and managerial reporting, and post-close operations.
Mark began his career at Ernst & Young where he was a Certified Public Accountant. He received a B.S. in Accounting from Truman State University in 1994 and earned an MBA from Washington University in St. Louis in 2000.
John M. Hale
Chief Technology Officer
John Hale co-founded NexSpring Financial and serves as Chief Technology Officer, leading all aspects of NexSpring’s technology strategy, design and development efforts. John has over 15 years of experience in mortgage banking and financial services industries, primarily focused on advanced technology applications.
Prior to his current role at NexSpring Financial, John led all proprietary technology development efforts, focusing on the delivery of business process enablement and technology products and services to NexSpring clients.
Prior to joining NexSpring, John was Senior Vice President - NextGen E-Commerce Platform at Bank of America where he was responsible for designing and implementing web 2.0 standards for use across the entire E-commerce line of business. Prior to Bank of America, John was the owner of Mortgage Connect Incorporated, a mortgage originator. John also designed and created custom software for the business which included a best execution mortgage pricing engine, a document imaging system, and an online web mortgage application module. John was also a member of the technology team at Nexstar Financial Corporation. John received a B.S. in Information Systems from the College of Business at Southeast Missouri State University in 2000.
Marvin I. Moskowitz
Advisory Board Member
Marvin Moskowitz serves as a member of NexSpring Financial’s Advisory Board. Marvin has been a leader in the industry since the 1980s and was a pioneer of mortgage-backed securitization, third-party origination channels and the application of technology in mortgage operations to enhance customer service and reduce costs. His legacy of leadership includes mentorship of numerous individuals in significant senior level roles across the industry.
In addition to his Advisory role with NexSpring Financial, Marvin is currently on the board of National Jewish Health in Denver. He was an original member of the Phase One Software Advisory Board, a start –up firm developing state of the art AI software. He is also involved in several charitable organizations including co-founding and serving as first chairman of the Shakespeare Festival of St. Louis and first chairman of SEO San Francisco, an organization created to provide educational opportunity to the underserved youth of the Bay Area. He currently resides in Tiburon California with his wife Neva.
In 1998 Marvin co-founded Nexstar Financial Corporation, with funding provided by the private equity firm KKR, serving as Nexstar’s Chairman until the company was sold in 2004. Nexstar was created as a leading high-tech loan originator, serving some of the biggest lenders in the mortgage industry.
In 1986 Marvin become CEO of Prudential Home Mortgage Company (PHMC) which over the next ten years grew to be the largest mortgage company in the country, with particular expertise in mortgage technology and securitization. PHMC was successfully sold to Norwest Bank in 1996.
Marvin began his career in banking with Citibank/Citicorp in various domestic and international management positions including co-head of U.S foreign exchange trading and as President of Citicorp Mortgage. Assignments included New York, Sydney, Johannesburg, London and St Louis. While head of the mortgage bank, Marvin executed the industry’s first private mortgage backed security, a $500 million issue underwritten by First Boston and Solomon Brothers.
Marvin graduated with a degree in Mechanical Engineering from Cornell University, and a Master of Science in Finance from UCLA.
Richard G. Thornberry
Advisory Board Member
Rick Thornberry is the Chief Executive Officer of Radian Group, Inc. and a member of Radian’s Board of Directors. Additionally, Rick serves as a member of NexSpring Financial’s Advisory Board. Rick is a veteran of the financial services industry with over 30 years of experience including senior leadership positions at several leading innovative mortgage industry businesses.
Prior to joining Radian, Rick co-founded NexSpring Group, LLC in 2006 and later NexSpring Financial, LLC where he served as the Chairman and Chief Executive Officer of both companies until February 2017. During the height of the U.S. financial crisis in 2007-2009, Rick served as a Senior Advisor to the financial institution private equity investment team at a leading global private equity investor.
Prior to NexSpring, Rick was a co-founder and President & CEO of Nexstar Financial Corporation, a highly regarded Business Process Outsource mortgage services company. After Nexstar was sold to MBNA in 2005, Rick served as President and CEO of MBNA Home Finance until MBNA was acquired by Bank of America in 2006. Prior to Nexstar, Rick was President and COO of Citicorp Mortgage Inc. (CMI) from 1996-1998.
In addition to the mortgage business, Rick was responsible for the home equity and consumer credit lending businesses. Prior to CMI, Rick held various senior executive financial and operating positions at Residential Services Corporation of America/Prudential Home Mortgage Company from 1987-1996 including Chief Financial Officer. Rick began his career as a CPA at Deloitte from 1981-1987.