GlobeSt.com: To what extent is what you are doing now based in your experience at Nomura?
Scavone: So much. From a pure infrastructure standpoint, Nomura was a pretty amazing thing. We had the ability to process a tremendous number of loans in a very high-quality way. As COO of Nomura's conduit program, I was responsible for that infrastructure and analyzed the most prudent ways to support the business--what's necessary and how to make the process as efficient as possible.
GlobeSt.com: Looking back, how do you see the demise of Nomura?
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