Greg Vacura is joining fintech Agile as president, the company announced in a press release.
Agile, a tech company operating in the mortgage-backed securities market, hired Vacura to lead the company as it works to increase liquidity and automation in TBAs, MBS pools, and AOTs.
Agile eliminates the need for inefficient phone and email processes by bringing lenders and dealers onto the same request-for-quote platform.
“The mortgage industry has a long way to go on the path towards improving liquidity and execution through adoption of marketplace solutions,” Vacura said. “I’m excited to leverage my past experience pushing the industry forward in my new role, particularly during this time of challenging market conditions with the opportunity to help so many industry participants.”
Vaura brings more than three decades of mortgage industry experience to the position. Prior to Agile, he served as SVP of Correspondent Pricing at Wells Fargo Funding.
In 2018 he created the bid tape assignment-of-trade loan sale delivery method, which is considered one of the biggest innovations in the mortgage secondary market of the last decade.
Agile recently executed the industry’s first fully-automated AOT and plans to continue improving AOTs under Vacura.
“I am confident that Greg’s open, positive, and transparent management style coupled with his subject matter expertise in the whole loan and mortgage securities aspects of our industry will allow him to ably lead Agile,” said CEO Curtis Richins.