Leading companies in any space know how important it is to build internal experts, not just in terms of training people to be top executives, but in promoting those folks to the industry. I know a number of PR firms that have made expert creation a huge part of their bread and butter. It's that important to companies that hope to be leaders in their industries.
That's why I'm always impressed when I see a company that successfully recruits an executive that is already viewed as an industry expert. They succeed two ways: (1) they get a fully-trained executive ready to lead, and (2) they get an industry expert that raises their credibility with the rest of the industry. It can be expensive to pull this off, but a real boon to the company that can do it.
Recently, Mortgage Cadence, Inc., Greenwood Village, Colo., a leading provider of enterprise lending solutions (ELS) for the financial services industry, accomplished such a feet. I have to admit, as much as I respect this company's leadership, I was surprised.
The company's newest executive is Gabe Minton, formerly vice president of the Mortgage Bankers Association and a pioneer in the establishment of technology standards for the mortgage industry through MISMO, which he helped to create and actively managed over the last seven years.
Gabe will be responsible for the core architecture of the Mortgage Cadence ELS product, overall
strategic marketing and licensing, and strategic initiatives. Together with the architecture team, he will assist in further strengthening and expanding the foundation of the product, the company said.
CEO Michael Detwiler has already assembled an excellent team. Adding Gabe to the mix is bound to have exciting consequences for the company.
Disclosure: I have been hired by the company as a freelance writer in the past. I am not currently retained by Mortgage Cadence, nor was I paid for this post (nor any other post on this blog).