Paul R. Allen, with more than 25 years in the mortgage industry, joins TBW chairman Lee Farkas and president Ray Bowman on the committee's executive committee. The firm reports annual production volume of $9 billion and assets exceeding $450 million.
Farkas and Bowman are counting on Allen to grow the firm further. "I expect (Allen) to have an immediate impact on the way we do business," Farkas says in a prepared statement. "He has led the fiscal growth of companies ranging from Fortune 100 organizations to startups."
Allen comes to Taylor Bean from Oakton, VA where he founded and headed Oakmont Advisors LLC, a consulting firm focused on improving mortgage-banking performance. TBW's clients come from the nation's 10,000 community banks and the growing number of independent mortgage brokers.
Allen was also a founding partner and CFO of PROACSYS LLC, a business re-engineering firm. He began his career as a senior economist at Freddie Mac where he advanced to become one the company's divisional vice presidents. From there he joined Fannie Mae as vice president of financial consulting for its Single Family Business Division.
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