SALT LAKE CITY, Utah (PRWEB) April 24, 2017
Finicity Corporation today announced an expansion of its board of directors with the addition of Marianne Sullivan, who will assume the role of audit committee chair. Sullivan brings to the board 25 years of experience from Fannie Mae, where she most recently served as senior vice president of single-family strategic initiatives and business capabilities.
“Marianne brings a thoughtful voice, impactful presence and visionary mind to our board of directors at Finicity,” said CEO Steve Smith. “As our leadership grows in the digital transformation of credit decisioning, the experience, insight and relationships Marianne brings to our board will be invaluable.”
Prior to her retirement from Fannie Mae, Sullivan developed industry-transforming strategies, including models and analytics to automate the assessment of underwriting and value of collateral, ultimately leading to the creation of Collateral Underwriter and Fannie Mae’s Day 1 Certainty offerings. The new Day 1 Certainty initiative is a landmark advancement within mortgage lending, in which lenders can validate loan application data upfront, including income, assets and employment. The benefits include freedom from representations and warranties, more efficient risk management and a streamlined process.
“I’m excited by the use of data to benefit individuals and organizations, to remove friction from the origination process while also improving risk management,” said Sullivan. “So, to work with Finicity as it plays a foundational role in digitizing many legacy processes, as well as innovating new services, is something that energizes me.”
Sullivan received her B.S.B.A. in Accounting from Georgetown University in 1987 and began her career in public accounting. She also served as director at MERSCORP, Inc.
To stay up-to-date on Finicity news, announcements and press, visit http://www.finicity.com/newsroom. To learn more about credit decisioning solutions from Finicity, visit http://www.finicity.com/credit-decisioning/.
# # #
Finicity enables a financial data-sharing ecosystem that is secure, inclusive and innovative. Through its real-time financial data aggregation and insights platform, Finicity provides solutions for financial management, payments and credit decisioning. It is also leading the development and promotion of industry standards. The company has developed more than 16,000 bank integrations, with the vast majority through connections that provide access to formatted bank data sources, improving information access and accuracy. Finicity is the winner of API World’s 2016 Finance API of the Year. To learn more and test-run the rock-solid API today, visit http://www.finicity.com.