LenderLive, a domestic-based, end-to-end mortgage services provider, announced recently that Scott Banks joined the firm as senior vice president of finance, mortgage services.
In this newly created role, Banks will be responsible for overseeing the investor reporting, treasury and bank reconciliation functions, as well as the development of budgets, forecasts, financial reporting, and analyses to support new business initiatives and show return on investment, the company said.
Banks brings more than 25 years of experience in the mortgage and financial services industries to LenderLive. Most recently, he was director of financial performance and analysis of Discover Home Loans, the mortgage division of Discover Financial Services.
Prior to Discover, Banks held a series of executive positions at HSBC Bank, including director of corporate planning and analysis and director of group reporting.
Banks also held the role of director of capital markets and treasury support for HSBC Mortgage Services. Earlier in his career, Banks was vice president of finance/investor reporting for Merrill Lynch Credit Corporation.
“At LenderLive, we are committed to providing our customers with a superior level of service,” said Dave Vida, president of mortgage services. “Scott is a proven leader and industry veteran whose addition to the team will make us better able to serve our clients’ individual needs and provide solutions that will help them stay compliant in the ever-changing regulatory environment.”