YachtCloser adds former NMBA president to board

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YachtCloser named Jim Coburn to its strategic advisory board, where he will work with the YachtCloser team on the development of new and innovative products and services designed to streamline the financing process from initial application to closing.

YachtCloser provides a secure online platform with e-signature technology to expedite yacht listings, sales and purchases. Buyer, seller and broker no longer need to travel to a single closing location; the deal can even be signed by parties on different continents via computer, iPad or other Internet-enabled device.

“We’re very pleased to have Jim Coburn join our strategic advisory board,” founder and president Brad Parker said in a statement. “With Jim’s extensive industry knowledge and experience in banking we will be better positioned to introduce new products and services to further simplify and streamline the yacht brokerage industry across multiple channels.”

A 30-year veteran of commercial banking, Coburn has managed consumer finance divisions that include credit, sales management, dealer finance, direct lending, floor planning, manufacturer relations, residential mortgage, credit card, merchant services, collection servicing and compliance.

He is the managing partner of Coburn and Associates LLC, a consulting firm with expertise in consumer lending and finance. He has held senior regional and national positions for Flagstar Bank, BB&T and PNC Bank (formerly First of America/National City).

Coburn has been a member of the National Marine Bankers Association since 1983 and has twice served as its president. He also has served on the association’s board and as its secretary and treasurer.

Coburn also is a founding director of the Recreational Boating Industries Educational Foundation, a 26-year Michigan scholarship foundation. In December of 2009 he was elected to the board of the Michigan Boating Industries Association and he is chairman of the board.

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