Smith (pictured) has worked in the mortgage market for 40 years and recently retired from his role as director of housing strategy at the UK’s largest mortgage distributor.
At the same time, Twenty7Tec has appointed Stuart Kirby as financial controller and head of operations.
Kirby joins from One Savings Bank, where he was head of accounts for InterBay Commercial, Prestige Finance and Heritable Finance.
James Tucker, managing director of Twenty7Tec, said: “These appointments are indicative of the strides that we have made as a business and the calibre of the individuals we are now able to attract to grow our team and strengthen our own position in the market.
“I am delighted to welcome Stephen and Stuart to the business and look forward to working with them.
“Stephen has an unparalleled level of experience in helping organisations navigate the complexities of a constantly evolving mortgage market.
“As the pace of technological change in this market quickens, and as we position our business at the very forefront of that change, Stephen’s insight and knowledge will prove invaluable to both our business and those organisations we partner with.”
Smith added: “I am delighted to be joining the board of Twenty7tec.
“It is a company at the forefront of changing the way the mortgage industry works, and I know from my time with Legal and General it is highly regarded by both lenders and intermediaries alike.
“I’m looking forward to putting my experience of this market to good use with the team.”
Since revealing his departure from L&G at the end of last year, Smith has also been appointed as non-executive director at the Mortgage Advice Bureau and non-executive chairman of L&G Surveying Services.