Texas Capital Bank Announces Gary Ort’s Retirement as Head of Mortgage Finance With Long-Time No. 2 Jack Nunnery Set to Tak...
April 27 2017 - 11:00AM
Texas Capital Bank today announced that Gary Ort, president of its
highly successful Mortgage Finance Division, is retiring at the end
of June and will be succeeded by Director of Correspondent Lending
Jack Nunnery.
“Gary has been a key architect in the growth and success of
Texas Capital Bank,” said Texas Capital Bank President and CEO
Keith Cargill. “We owe him a tremendous amount of gratitude.”
Mr. Cargill continued, “Jack Nunnery has been at Gary’s side the
whole way and brings to the role not only a deep knowledge of the
business and its past but also a clear vision for its future. And
both Gary and Jack understand the important role our clients have
played in our success, and how Texas Capital Bank wouldn’t be here
without them.”
Vince Ackerson, the bank’s Texas president and chief lending
officer, said, “Our mortgage operation has achieved remarkable
milestones thanks to Gary Ort. With Jack Nunnery at the helm, we
expect Texas Capital Bank to show sustained leadership in this
market.”
Under Mr. Ort, who served Texas Capital for the past decade, the
bank built its Mortgage Warehouse unit into one of the largest
providers of mortgage warehouse credit facilities in the
country.
He also presided over the newly launched Correspondent Lending
business and expanded Texas Capital Bank’s credit offering to
mortgage lenders to include lines of credit secured by mortgage
servicing rights, also one of the nation’s largest businesses of
its kind.
“I’ve been privileged to be with an organization like Texas
Capital Bank, which deeply values entrepreneurial thinking,” said
Mr. Ort. “We’ve built a robust mortgage finance business, and I
can’t think of a better person to grow it than Jack
Nunnery.”
Mr. Nunnery has broad experience in the mortgage industry in a
variety of roles, including counterparty risk management, mortgage
technology, underwriting, post production and secondary
marketing.
At Texas Capital Bank he oversaw the creation of the
Correspondent Lending business, which launched in 2016, helping to
introduce cutting edge technology and product innovation to the
industry.
“Gary Ort has made a significant impact on Texas Capital Bank,”
said Mr. Nunnery. “I am honored to take over the Mortgage Finance
business and build on his success.”
ABOUT TEXAS CAPITAL BANKTexas Capital Bank,
N.A. is a commercial bank that delivers highly personalized
financial services to businesses and entrepreneurs. We are
headquartered in Texas working with clients throughout the state
and across the country. Texas Capital Bank is a wholly owned
subsidiary of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) and is
recognized as a Forbes Best Banks in America and the Dallas Morning
News’ Top 100 Places To Work company. To find out why we’re the
Best Business Bank in Texas®, please
visit www.texascapitalbank.com. Member FDIC.
MEDIA CONTACT
Emily Albrecht, 469.399.8599
emily.albrecht@texascapitalbank.com
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