GBS Inc (NYSE: GBS) is a diversified financial services company specializing in residential mortgage origination, loan portfolio investments and related servicing activities. Since its founding in 2017 and rebranding to GBS in 2018, the company has built a vertically integrated platform that spans loan originations, warehouse financing, securitization and ongoing loan servicing. GBS structures its operations to generate income from origination fees, net interest margin on held portfolios and servicing fees on administered loans.
In its mortgage banking segment, GBS originates a broad range of conforming and non-conforming home loans, including government-insured products such as FHA, VA and USDA loans, as well as conventional jumbo and portfolio loans. The company distributes a portion of these loans into the secondary market under Ginnie Mae, Fannie Mae and Freddie Mac programs, while retaining select assets on its balance sheet or within subsidiary securitization trusts to capture interest spreads. Ancillary offerings include appraisal coordination, title services and mortgage insurance placement.
GBS operates primarily across key U.S. markets—such as California, Florida, Texas and New York—through a combination of in-house loan officers, approved brokers and a proprietary digital origination platform. In recent years, the company has expanded into adjacent sectors, including small-balance commercial real estate lending and consumer credit products, to leverage its underwriting expertise and dual retail-wholesale distribution network. This geographic and product diversification underpins GBS’s approach to managing interest rate and credit risk.
The leadership team at GBS is headed by Founder and Chairman Kevin Meng, who brings over two decades of experience in mortgage finance and structured credit. Chief Executive Officer Jane Smith, former head of residential lending at a national bank, oversees daily operations, while Chief Financial Officer Paul Yin, with a background in mortgage securitization, is responsible for capital markets and balance-sheet management. The board includes veterans of banking, investment management and fintech, guiding GBS’s strategic growth and risk management initiatives.
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