Chairman of the Board - Westbound Bank, Texcorp Mortgage Bankers
Houston, Texas Area
- Current
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- Chairman at Westbound Bank
- Partner at WarehouseLine.com
- President at Texcorp Mortgage Bankers, Inc. / VALoans.com
- Past
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- President at MilitaryConnections.com / GIBill.com
- Education
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- The University of Texas at Austin - The Red McCombs School of Business
- Klein High School - Spring, Texas
- Recommended
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3 people have recommended Bruce - Connections
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160
connections
- Industry
- Banking
- Websites
Bruce Reichstein’s Summary
Instrumental in organizing and forming a new federally chartered bank which opened for business in January 2007 in Katy Texas (20 miles from downtown Houston). The bank raised 24.8 million in capital in a very short period of time. Today, the bank is growing rapidly and as of July 2008, has grown to over $120 million in total assets. Westbound has a state of the art online banking system that has been finely tuned since its online banking went live in March of 2007. The main office is located in Katy (West Houston), there is a branch office in Bellaire, Texas and satellite offices in NW Houston and The Woodlands. Westbound is the fastest growing SBA lender in Houston.
Bruce Reichstein’s Specialties:
Extensive referral networker bringing Houston and Katy Texas Banking, Mortgage Banking, Real Estate and Residential / Commercial Title business together for win / win relationships. Licensed Katy Texas Realtor exclusively partnered with KatyTexas.com and FHA Mortgage Lead Generation Expert. Passionate about assisting US Military Veterans obtain VA Home Loans Nationwide. Authorized VA Automatic Underwriter by the Department of Veterans Affairs.
Bruce Reichstein’s Experience
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Chairman
Westbound Bank
(Banking industry)
January 2007 — Present (1 year 10 months)
Our mission statement, "A New Direction in Banking", gives me the honor of meeting and networking to our current shareholders, account holders and all individuals and businesses who cherish local personal banking relationships.
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Partner
WarehouseLine.com
(Privately Held; 1-10 employees; Banking industry)
October 1999 — Present (9 years 1 month)
WarehouseLine.com was formed in April 1999 to provide funding, brokerage and consultation of warehouse lending services to the mortgage banking industry. The company either directly or through its syndicate of participant banks provides temporary financing on certain one to four single-family residential dwellings, which have been originated. All of the loans are pre-sold in the secondary market to large institutional investors, many of whom are New York Stock Exchange companies. The warehouse line funding covers the approximately 15 to 30 day period between loan closing and the sale of the loan to an institutional investor. The company administers the use of the warehouse lines to its approved client base.
WarehouseLine.com has vast experience with soliciting and maintaining warehouse lending correspondent relationships, with our primary objective to provide warehouse lending services to mortgage brokers, mortgage bankers, and financial services companies. -
President
Texcorp Mortgage Bankers, Inc. / VALoans.com
(Privately Held; 1-10 employees; Financial Services industry)
November 1992 — Present (16 years)
My personal experience in the mortgage banking industry began over 22 years ago. Texcorp Mortgage Bankers, Incorporated was founded in 1992. By 1997, the company was among Houston's 100 Fastest Growing Small Businesses, achieving the number 21 spot on the list and followed in 1998 by rising ten spots to number 11. In that time, sales growth increased by over 650 percent.
Texcorp (www.valoans.com) has become one of the larger VA online mortgage originators in the country and has funded over 3.0 billion dollars in VA guaranteed loans. Known for its world-class customer service, Texcorp offers complete VA mortgage banking services with in-house Underwriting, processing, approval and closings. Texcorp is one of a select group of lenders that were granted VA Automatic status from the Department of Veterans Affairs. In addition to VA lending products, Texcorp offers state of the art origination services for conventional mortgage loan products. -
President
MilitaryConnections.com / GIBill.com
(Privately Held; 1-10 employees; Military industry)
April 2002 — October 2006 (4 years 7 months)
With a strong history in military web sites, Intergenuity started several projects including www.militaryconnections.com and www.gibill.com in concept development, web site design, hosting, search engine optimization, branding, online marketing, and project management. It has years of experience creating military sites, building traffic, and getting exposure. Those sites were sold in October 2006.
Bruce Reichstein’s Education
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The University of Texas at Austin - The Red McCombs School of Business
BBA, Marketing, 1982 — 1986
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Klein High School - Spring, Texas
1978 — 1982
Additional Information
Bruce Reichstein’s Websites:
Bruce Reichstein’s Interests:
Entrepreneur with passion for building successful personal relationships and businesses.
Bruce Reichstein’s Groups:
Member of Houston Startup - Houston's growing network of emerging startups, entrepreneurs, investors, and technology enthusiasts, Member Katy Chamber of Commerce, Partner in www.katytexas.com .
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Houston Technology Center -
Mortgage Warehouse Banking -
Katy Area Chamber of Commerce
Bruce Reichstein’s Contact Settings
Interested In:
- new ventures
- expertise requests
- business deals
- reference requests
- getting back in touch
