The former president of UnitedHealth Group Ventures has joined Onward Financing as chief executive officer, the company announced today.
Rob Webb brings more than 20 years of experience scaling innovative and disruptive businesses in the health care industry to the fintech and proptech marketplaces, the company said.
"I'm officially joining Onward Financing to make homeownership simpler and more attainable for families," Webb said. "Onward has realized incredible growth since its founding. I look forward to joining the talented and mission-driven team at Onward to help level the playing field for all and to advance the American dream of homeownership for as many people as possible."
Webb previously held several roles at UnitedHealth Group and Optum, most recently serving as the president of UnitedHealth Group Ventures. Before that, he worked in private equity with One Equity Partners, Equity Group Investments, and Arthur Andersen.
He has a bachelor's degree in mechanical engineering from the University of Minnesota and an MBA from Northwestern University's Kellogg School of Management.
Onward Financing, based in Minnetonka, Minn., was founded with the mission to remove inefficiencies in the mortgage finance market. It is best known for its Mortgage for Movers product that utilizes private capital to buy a homeowner's new home before selling their existing house, remaking the home buying experience, and addressing one of the biggest obstacles and stressors for home buyers.
Onward has traditional mortgage options like banks and brokers, with competitive rates and terms, but its private capital products, including the Mortgage for Movers and the Assured Close Program, help people buy homes without contingencies.
