Reverse Mortgage Tech Startup Notaroo Expands Executive Team

PHOENIX, January 21, 2021 (Newswire.com) - Tech startup Notaroo has expanded its executive team with the hire of two seasoned experts in mortgage technology. The company announced two principal personnel acquisitions this week, naming software executive Bob Larson Chief Technology Officer and SaaS operational executive John Connell Chief Operations Officer.

The executive team expansion comes just months after the technology company joined the National Reverse Mortgage Lenders Association, cementing its commitment to streamlining the notary process for reverse mortgage loans.

Larson worked previously as VP of Software Development at Ministry Brands and as the Director of Software Development at Kinetic Advantage. He has a well-known track record of supporting both public and private fintech companies in their early development, leading teams in-house and offshore. At Notaroo, Larson will be responsible for enabling the company's success in building technologies that bridge the gap in HECM loan closings.

Connell worked previously as EVP of Ministry Brand's Growth Division, where he had executive oversight and P&L management of a 19-brand divisional portfolio. He has more than 10 years of experience in fintech, critical document management, compliance management and relational databases. He is also experienced in process and operations management for early-stage tech startups.

As COO for Notaroo, Connell will manage marketing, business development and customer success, while also overseeing product management.

Notaroo founder and CEO Todd Ausherman said both additions to the executive team align with the company's initiatives in the year ahead.

"As we began to focus on building out our core operations for the perfect marriage of a tech and service organization, we needed an experienced executive whose acumen has already been proven," Ausherman said. "We found that in John, given his experience in both early-stage tech, as well as his time with a PE-backed portfolio tech organization in his most recent experience."

Ausherman added that the use of technology to solve the chaos surrounding the signing of reverse mortgage documents is the founding principal guiding Notaroo. He noted that Larson's experience will help advance its mission.

"Bringing in technology heavyweight Bob Larson will allow us to leverage best-in-class technology solutions with our clients' existing workflows in a manner that has never been seen before," Ausherman said. "His time managing development teams in fintech, relational databases and mobile app development will be invaluable as he curates an exceptional experience for our clients."

About Notaroo

Based in Phoenix, Arizona, Notaroo is a tech-focused company founded in 2019 that aims to create a consistent and predictable loan closing experience by seamlessly incorporating a vetted and experienced mobile notary into its clients' existing closing process. Notaroo is committed to ending the current, widely used system of arbitrary deployment of mobile notaries to borrower homes. The goal is to save mortgage lenders tens of thousands of dollars each month, while also providing a superior closing experience to their borrowers. For more information, visit www.getnotaroo.com.

Source: Notaroo