FinLocker Appoints Former Fannie Mae Head of Digital Products Henry Cason as Chief Executive Officer

Cason’s Leadership Designing and Developing Digital Mortgage Technology Will Position FinLocker For Growth and Expansion

FinLocker, a leader of next-generation, digital, consumer-permissioned personal financial assistance tools, announced today that Henry Cason would be the company’s new Chief Executive Officer. Henry succeeds co-founder and CEO Peter Esparrago, who will become FinLocker’s Executive Chairman and will continue to lead key strategic business relationships.

Cason joins FinLocker following 27 years with Fannie Mae. During his tenure at Fannie Mae, Henry was instrumental in the design, development, and launch of a digital suite of products and services that drive automation and efficiencies, improve loan origination quality and certainty, while also delivering a modern, digital borrower experience.

“I am thrilled to join FinLocker at this exciting time in the company’s evolution,” said Cason. “As I look across the landscape of technology in the banking and mortgage space, FinLocker is addressing the market in a completely different way. Consumers are looking for customized journeys based on their holistic financial profile, including credit, asset, and income, to achieve their financial goals. FinLocker gives financial institutions a way to deliver customized offers by seeing a full picture of a consumer’s creditworthiness before they make an offer. The consumer can then securely share the data from their Locker directly to the financial institution to make processing and underwriting of all financial products faster and less expensive. FinLocker utilizes consumer-permissioned data at the top of the funnel to get homebuyers mortgage-ready.”

“FinLocker is well-positioned to extend its capabilities in consumer finance as a convergent technology solution that enables consumers to better control their financial and personal data, and make sound financial decisions to achieve their short-term and long-term financial goals,” said Cason. “Working with Peter and other members of the FinLocker team, I look forward to leading FinLocker’s growth strategy as the company solidifies its proficiency in consumer mortgage readiness and expands into additional consumer financial channels,” Cason continued.

“Henry Cason is a transformational leader, who has played a critical role in the digitization of the mortgage industry dating to Fannie Mae’s introduction of Desktop Underwriter in the mid-1990s,” said Esparrago. “His vision involving the convergence of mortgage finance technology with consumer-permissioned data designed to support and empower consumers to take control of their personal financial decisions aligns him perfectly with the long-term strategic objectives of FinLocker. He will be a great addition to the FinLocker team and is the right leader as the company moves to scale quickly in the mortgage industry and expand into other industry verticals.”

Brian Vieaux, FinLocker President, who joined the company in 2019 and will report to Cason, added, “I’ve had the opportunity to work with Henry and his teams throughout my nearly three-decade mortgage career. Having the opportunity to add such a unique talent like Henry to our team is a tremendous accomplishment by Peter and the FinLocker Board, which positions the company well for scale and growth.”

The appointment follows a year of significant developments for FinLocker, which, among other things, successfully closed its $20M+ Series A-1 financing round and announced a commercial partnership with, and equity investment by, TransUnion (NYSE: TRU).

“One of the reasons TransUnion invested and partnered with FinLocker was to leverage new technology to differentiate our best-in-class marketing suite of solutions in the mortgage market,” said Joe Mellman, senior vice president and mortgage business leader at TransUnion. “Cason’s experience designing, delivering, and launching digital mortgage technology will help TransUnion to market these solutions directly to originators so they can reach the consumers they are looking for, be it a veteran, a person with home equity looking to consolidate debt with a cash-out refi, or an aspiring first-time homebuyer. The TransUnion FinLocker partnership will help originators identify more high-quality leads and nurture them to close.”

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