Skip to main content

Ellie Mae's Encompass integrates PCi Corp.'s HMDA software

National Mortgage Professional
Aug 30, 2005

Tracy Jackson Named SouthStar CFOGary SimpsonTracy Jackson,SouthStar Funding LLC,CFO Tracy Jackson has been named as the new chief financial officer of SouthStar Funding LLC, an Atlanta-based, full-service mortgage lender, offering sub-prime, interest-only, alt-A and conventional financing. Jackson was previously the CFO of Principal Residential Mortgage, a Des Moines, Iowa-based mortgage banking business, that was sold to Citigroup Inc. on July 1, 2004. He brings more than 20 years of experience in the mortgage industry to his new position with SouthStar. Jackson has been in the mortgage business since 1983 and has worked as a CFO for several different mortgage banking companies. When it came time for him to move on from his position at Principal Residential Mortgage, Jackson said he went looking for, “A company that was exciting, growing, and one that offered challenges and opportunities for growth and advancement, along with the opportunity to really build something exciting. That's what I was looking for and [I've] really found the answer in SouthStar.” In SouthStar Funding, he believes that he has discovered a company that can take advantage of the culture of financial discipline that Jackson brings from Principal. He also sees SouthStar as a company that, because of its customer service orientation, is well-suited to assist mortgage brokers with their overall originations. He noted that while there has been a considerable amount of consolidation on the mortgage-servicer side of the industry, the number of mortgage brokers and originators has grown exponentially in the past few years. Jackson added that SouthStar has an excellent reputation in regards to merging the personal touch with technology. “In my brief period here at SouthStar and in my communications with them over the past few weeks and months, the personal touch is very important, here, and you see it in everything they do,” explained Jackson. “What I think they're doing is that they're listening to the broker, hearing what the broker needs and then providing the tools that will help them reach specific customers.” In his role as SouthStar's CFO, he intends to go beyond the traditional stereotype of the chief financial officer as a staid “bean counter” that's detached from the rest of the company. Jackson stated that his strong background in various areas of the mortgage industry would allow him to become involved with product development and help SouthStar reach out to new business partners and investors. “Obviously, there are a lot of responsibilities for a CFO and they revolve around the financial aspects, but key roles are raising lines of credit and raising capital within lines of credit, financial controls and different kinds of financial initiatives that help the company be profitable,” said Jackson. He and his family are thrilled to be relocating to Atlanta from Des Moines, Iowa. Jackson insists that they will miss the nice people, but not the cold Des Moines winters. “It's an exciting move for us,” he said. “It will be fun to be a part of the Georgia community.” During his time in Des Moines, Jackson was a member of the Mortgage Bankers Association of America and was president of the Foundation Trustees for Children's Families of Iowa, a non-profit organization that provides services to meet the ongoing needs of children, their families and their community.
Published
Aug 30, 2005
More from
Tech
SimpleNexus Unveils Nexus Pay With In-App Payment Capabilities

SimpleNexus announced its upcoming Nexus Pay feature for mortgage loan applicants. The company is planning to do a full unveiling at the Mortgage Bankers Association's Annual Convention and Expo.

Tech
Oct 13, 2021
Redwood Trust Invests In Flock Homes Rental Ownership Platform

Redwood Trust Inc. announced its investment in Flock Homes, a rental ownership platform that converts owners into passive investors.

Tech
Oct 07, 2021
DocMagic Updates eSign Platform With Version 3.0

DocMagic Inc. launched its eSign 3.0 platform featuring enhancements to its remote notary and eClosing capabilities.

Tech
Oct 06, 2021
New CoreLogic Listing Platform Streamlines Navigation In NYC Real Estate Market

New York City has a notoriously hard-to-navigate housing market, but a better property listing platform from CoreLogic can simplify the process for new homebuyers.

Tech
Oct 04, 2021
Knock GO Aims To Make First-Time Homebuyers Cash Buyers

Knock launch of Knock GO (Guaranteed Offer), a cash-backed home loan solution for first-time homebuyers looking to compete in the housing market.

Tech
Oct 04, 2021
DataVerify And Nexsys Technologies Join Forces For Automated HOI For Lenders

New integration between DataVerify and Nexsys Technologies is looking to automate homeowners insurance (HOI) verification for lenders.

Tech
Oct 04, 2021