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Lowcountry entrepreneur spawns mortgage industry innovation - Part 1

Left to right, Rick and Zach Campeau, cofounders of Baleen Solutions in Summerville, SC.
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Left to right, Rick and Zach Campeau, cofounders of Baleen Solutions in Summerville, SC.

We were recently made aware of our next guest’s company when John Warner, a regular on this show, told us about an innovation in the mortgage industry that he ran across at a local code conference. Zach Campeau is cofounder and CEO of Baleen Solutions in Summerville, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.