Partner
Alan started his business career at his father’s one office Mortgage Company. As its CEO, he grew that business into Brokers Mortgage Services ( B.M.S.), a national mortgage broker and servicer. BMS went public and produced a number of innovations in the mortgage market- the first prequalified mortgage –“the House Card”, the first securitized mortgage pool, and the first integration of other complementary services, insurance, equity lines of credit, etc. into the mortgage. BMS was merged into Travelers Corp. and Alan ran and grew what became Travelers Mortgage Services (TMS) for 7 years. TMS was sold to GE and became GE Mortgage Services. TMS implemented the first strip securities and the first securities for second mortgages travelers also had the largest private security program in the U.S.
He also led a group that bought Shadow Traffic Corp’s 2 markets out of bankruptcy. Shadow grew to 14 markets and introduced the first traffic camera installation (the Panasonic Traffic Cam at the Lincoln Tunnel), and the first integration of news, sports, and weather broadcasts from the same facilities as the traffic reports. Shadow was sold to Westwood One.
Alan has also been a successful urban real estate developer.