Flock Specialty Finance, a financing group to middle-market debt buyers and collection agencies, announced that Alex Dunlap, former director of Debt Sales for Wells Fargo, has joined the company as senior vice president of Business Development.
Dunlap will lead the sales and relationship management functions and will play a key role in market and product development. He also will focus on sourcing new portfolio purchasing opportunities for clients.
"Flock has become a specialty finance company dedicated to helping debt buyers compete and grow, and Alex shares our vision on how the industry will need to change," said Michael Flock, chairman and CEO. "His past experiences and insights will help our company create financial solutions that will help middle market debt buyers succeed. He also has the knowledge base and experience to help banks comply with the CFPB and other regulators expectations."
Dunlap has built a distinguished career in funding and financial operations. For the past 20 years, he held key executive positions with Wells Fargo, managing debt sales, client relationships and mergers and acquisitions. In his role, Dunlap developed procedures and automated systems that streamlined Wells Fargos debt sales process.
Dunlap plans to use his expertise in the debt sales arena to help small and mid-sized creditors navigate through regulation and develop effective debt sales programs.
"I am excited about this opportunity to work with Michael and the Flock team," Dunlap said. "While many large banks have consolidated their debt buyer channels, there is still a critical need for middle market debt buyers to access capital, improve their creditor relationships and seek out new markets like regional banks."
Dunlap is moving to Atlanta with his family. While living in Des Moines, Iowa the past 20 years, he was involved in mentoring young adults, served on the board of Greater Des Moines Habitat for Humanity and was the Treasurer for Elim Christian Fellowship. He received his bachelor degree in accounting from Boston University and his MBA from the University of Iowa.