BOK Financial Names New Mortgage Company President

BOK Financial (NASDAQ: BOKF), a $30 billion regional financial services company based in Tulsa, Okla., has named Glenn Brunker to lead BOK Financial Mortgage. Brunker most recently served in an executive leadership role in mortgage banking at Fifth Third Bancorp, a $140 billion financial services company headquartered in Cincinnati.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150701006025/en/

Glenn Brunker has been named president of BOK Financial Mortgage. In his new role, Brunker will manage all mortgage origination channels. (Photo: Business Wire)

Brunker brings nearly 30 years of financial industry experience to BOK Financial Mortgage. His diverse background in mortgage and consumer banking includes credit risk management, compliance, production operations and secondary marketing experience, in addition to mortgage channel management. Prior to Fifth Third, Brunker served as an executive leader in mortgage banking at National City Bank in Dayton, Ohio, president of Oak Street Mortgage in Carmel, Ind., and CEO of ABBCO Mortgage in Tampa, Fla. Brunker also spent five years with Bank One in Indianapolis where he developed and implemented the direct lending line of business.

“Glenn has a strong history of leading multiple mortgage origination channels like ours while ensuring compliance and regulatory execution,” said Pat Piper, executive vice president for Consumer Banking Services at BOK Financial. “His demonstrated record of leading through both growth-oriented and challenging market environments for sustained success, while maintaining strong credit quality, makes him an excellent addition to our team.”

In his new role, Brunker is charged with managing all mortgage origination channels.

“Retail mortgage has been one of BOK Financial’s most successful lines of business in recent years. We’ve also experienced especially strong growth in our correspondent lending business and our HomeDirect Mortgage online channel,” added Piper. “Glenn’s experience in leading rapid expansion business efforts is a great fit for the growth in both personnel and geographic coverage we’re anticipating across our mortgage servicing channels in the coming months.”

BOK Financial’s correspondent lending broke into the top 25 of correspondent investors in 2014 generating $1.97 billion in fundings, a 60 percent increase from 2013 and greater than the cumulative fundings of the channel’s first two and a half years combined.

HomeDirect Mortgage, the company’s newest mortgage delivery channel launched in 2013, provides online mortgage lending to clients in 47 states and the District of Columbia. HomeDirect ended 2014 with $428.9 million in originations. It has funded $495.9 million in just the first five months of 2015.

BOK Financial Mortgage’s servicing arm also remains strong with an $18.7 billion servicing volume as of May 31, which represents 128,000 customers and has operations in 15 cities across an eight-state footprint: Arizona, New Mexico, Colorado, Texas, Oklahoma, Kansas, Missouri and Arkansas.

Brunker replaces Ben Cowen, who resigned from BOK Financial earlier this year to pursue another career opportunity.

About BOK Financial Corporation

BOK Financial Corporation is a $30 billion regional financial services company based in Tulsa, Oklahoma. The Company's stock is publicly traded on NASDAQ under the Global Select market listings (symbol: BOKF). BOK Financial's holdings include BOKF, NA, BOSC, Inc. and The Milestone Group, Inc. BOKF, NA operates TransFund, Cavanal Hill Investment Management, MBM Advisors and seven banking divisions: Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Kansas City, Bank of Oklahoma, Bank of Texas and Colorado State Bank and Trust. Through its subsidiaries, the Company provides commercial and consumer banking, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150701006025/en/