Taylor, Bean & Whitaker Mortgage Corp. Appoints Stuart Scott Chief Operating Officer

OCALA, Fla., Nov 21, 2007 (BUSINESS WIRE) -- MSFT | charts | news | PowerRating -- Taylor, Bean & Whitaker Mortgage Corp., a top-10 national wholesale mortgage lender, announced the hiring of Stuart L. Scott as its chief operating officer. Mr. Scott's vast technology experience with Microsoft Corporation and General Electric made him an obvious choice.

"We share the same focus; to offer the best technology and provide our customers with the best experience," said Lee Farkas, TB&W Chairman. "Stuart's credentials are impressive. Having someone of his caliber join us further solidifies our ability to deliver innovative technology solutions. We are very excited to have him on board."

Over the course of his 20 year career, Mr. Scott was the chief information officer for Microsoft and held several executive roles with General Electric Co. Honors include being named Top 30 CIO's by Information Week in 2007 and Top 100 CIO's by CIO magazine in 2003.

He received his bachelor's and master's degrees in engineering from University of Louisville and his MBA from Vanderbilt University.

Mr. Scott starts on Monday, November 26, 2007 and will continue residing in Bellevue, Washington with his wife and seven children.

About Taylor, Bean & Whitaker:

Headquartered in Ocala, FL, TB&W is a privately held mortgage banking firm specializing in the origination and servicing of prime residential mortgage loans. Established in 1982 and privately acquired in 1991, the company has steadily increased its presence to become a full service mortgage banker serving community banks and an extensive network of brokers. The company maintains regional underwriting centers throughout the U.S. along with a centralized customer service center in Atlanta, GA and a servicing facility in Ocala, FL. As of July 2007, TB&W has a servicing portfolio of $50 billion.

Since its acquisition in 1991, TB&W focuses its strategies and resources to develop and strengthen its mortgage lending customer base and introduce a multi-channel growth strategy that has sustained the company's 50% year-over-year growth. Additionally, TB&W created a correspondent channel as a further driver in its future growth.

A review by the regulatory entity, Fitch Ratings confirmed that TB&W has developed a capable servicing platform through integrated technology, established training programs, and effective performing loan servicing procedures.

SOURCE: Taylor, Bean & Whitaker Mortgage Corp.

Taylor, Bean & Whitaker Mortgage Corp., Ocala Lee Farkas, Chairman, 800-728-1129 or Paul Allen, CEO, 800-728-1129 or Ray Bowman, President, 800-728-1129

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