The technology solutions provider has announced the appointment of its applications director as the new CEO.
NextGen.Net – the company behind mortgage lodgement platform ApplyOnline – has appointed its applications director Brett Stanford as the new CEO, effective 1 July 2021.
NextGen.Net has announced that its founder and current CEO Adrian Macleod will remain as executive chairman of the company, where he will continue to focus on the strategic direction across the entire company, including Frollo.
NextGen.Net acquired open banking fintech Frollo in July 2020 in a bid to “improve lending experiences using open banking”, reduce expenses pain points, and improve approval times.
Mr Stanford has been with NextGen.Net for 25 years, and in his current role, he has overseen the design, creation and delivery of the NextGen.Net lending platform.
His other roles with NextGen.Net have included programme lead, manufacturing platform, programme manager, electronic lodgement, and CEO of NextGen Sports.
Commenting on Mr Stanford’s appointment, current NextGen.Net CEO and founder Mr Macleod said that he is pleased that Mr Stanford has accepted his request to assume the role of CEO and “lead the company into a bright and prosperous future”.
He said: “Brett is highly regarded in the banking and finance community and well known to NextGen customers.
“His experience and expertise in loan origination and processing technology, coupled with detailed knowledge of the opportunity open banking brings makes him well placed to drive a highly effective organisational strategy.”
Mr Macleod added that Mr Stanford has worked closely and collaboratively with industry, lenders and broker groups, and said he has a “valuable” understanding of the impact of technological innovation and its benefits for all parties in the loan value chain.
Mr Stanford spoke about his new role with NextGen.Net, stating: “I’m looking forward to stepping into the role to lead the highly skilled and dedicated team at NextGen. We have built an amazing team and culture that I intend to foster and develop further, continuing our mission to ‘make lending easy’, by delivering valuable solutions that enable our customers to address the challenges of today and the future.
“The home loan application process is changing rapidly with consumers’ expectations of their service providers higher than ever. NextGen is uniquely positioned to securely leverage customer, property and other data insights, headlined by open banking to help our customers in their quest to deliver better borrower outcomes.
“It’s a hugely exciting opportunity, and I look forward to working with our customers and partners to further reduce processing friction, lower costs, drive superior compliance, and support a robust regulatory framework.”
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Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.
Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.
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