Bob Jennings has been named CEO of ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries.
The mortgage industry veteran was previously executive vice president of RealEC Technologies, a division of Black Knight Financial Services.
During Jenning’s tenure, RealEC streamlined operations and grew revenues exponentially, moving from a niche player in 2006 to an industry utility leveraged by the top mortgage lenders in the U.S.
Jennings replaces former ClosingCorp CEO Brian Benson, who recently joined Whiteboard Mortgage Software, a provider of mortgage professional productivity and client relationship software, as president and chief operations officer.
In an April announcement, ClosingCorp said it had decided to go with a CEO with more experience in technology.
“Given the company’s significant growth – growing by approximately 90 percent – the board decided that ClosingCorp needs a more seasoned CEO with experience in a high growth technology environment,” the company said at the time. “As CEO, Brian and his team helped position the company to prosper going forward. We thank Brian for his significant contributions to ClosingCorp.”
Staffan Encrantz, chairman of the board of ClosingCorp, said Jennings “has exactly the management, sales and operational experience we were seeking and a history of identifying opportunities, cultivating partnerships, building effective teams and closing groundbreaking agreements that Closing Corp needs at this juncture.”
“He possesses a rare team-building capability and entrepreneurial spirit that, together with his strong customer orientation and negotiating abilities, has the potential to generate significant revenue growth,” Encrantz said.
“I’m thrilled to be joining the company at such an important time,” Jennings said. “ClosingCorp is an innovator in rate and fee management and a company that is forging the way to become the ultimate utility. With new technology offerings and the opportunity to expand ClosingCorp’s footprint, the company is on a clear path toward unparalleled success. I am honored to lead the organization on this journey.”
Jennings began his career with IBM Corp. in finance before moving into sales and sales management.