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Finicity Expands Board of Directors with Former Fannie Mae Executive

Marianne Sullivan joins board and will chair audit committee

SALT LAKE CITY – April 24, 2017 – Finicity Corporation today announced an expansion of its board of directors with the addition of Marianne Sullivan, who will assume the role of audit committee chair. Sullivan brings to the board 25 years of experience from Fannie Mae, where she most recently served as senior vice president of single-family strategic initiatives and business capabilities.

“Marianne brings a thoughtful voice, impactful presence and visionary mind to our board of directors at Finicity,” said CEO Steve Smith. “As our leadership grows in the digital transformation of credit decisioning, the experience, insight and relationships Marianne brings to our board will be invaluable.”

Prior to her retirement from Fannie Mae, Sullivan developed industry-transforming strategies, including models and analytics to automate the assessment of underwriting and value of collateral, ultimately leading to the creation of Collateral Underwriter and Fannie Mae’s Day 1 Certainty offerings. The new Day 1 Certainty initiative is a landmark advancement within mortgage lending, in which lenders can validate loan application data upfront, including income, assets and employment. The benefits include freedom from representations and warranties, more efficient risk management and a streamlined process.

“I’m excited by the use of data to benefit individuals and organizations, to remove friction from the origination process while also improving risk management,” said Sullivan. “So, to work with Finicity as it plays a foundational role in digitizing many legacy processes, as well as innovating new services, is something that energizes me.”

Sullivan received her B.S.B.A. in Accounting from Georgetown University in 1987 and began her career in public accounting. She also served as director at MERSCORP, Inc.

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