Bill Rayburn focuses on innovation in financial technology or fintech. He serves as MortgageTrade’s chairman and chief executive officer with responsibility for strategy, vision and culture. With offices in New York and Oxford, MortgageTrade is building the online trading platform for mortgages and other types of whole loans. Prior to MortgageTrade, Rayburn co-founded FNC and served as chairman and CEO from inception until the sale of the company earlier this year.
It takes two numbers to originate a mortgage — a credit number on the applicant and a collateral number on the property (an appraisal). FNC invented the way to take an appraisal, open it and score it, very similar to how credit is scored. The company achieved a dominant market position in the U.S. fintech market prior to its sale.
Leveraging this opportunity, Rayburn and some former members of the FNC management team purchased assets from FNC in the sale. These assets consisted of technologies used to process whole loans. The new team focuses on taking these assets and building out a mortgage trading platform, taking a market focused on relationships and transitioning it to be transaction based.
A former finance professor at the University of Mississippi, Rayburn holds a doctorate in finance from the University of Memphis, has written numerous academic publications and textbooks, and is a chartered financial analyst.