AUSTIN, TEXAS (October 27, 2019) - The Mortgage Bankers Association (MBA) today announced at its 2019 Annual Convention & Expo that five companies have been recognized as 2019 Diversity and Inclusion Residential Leadership Award recipients. The annual awards recognize MBA members for their leadership efforts in diversity and inclusion in two award categories: organizational diversity and inclusion, and market outreach strategies.

“As we enter the fourth year of our Diversity and Inclusion Residential Leadership Awards, I am amazed to see the progress of the mortgage industry when it comes to creating successful D&I programs,” said Brian Stoffers, CMB, 2020 MBA Chairman, and Global President, Debt & Structured Finance at CBRE. “This year’s recipients have an unwavering commitment to D&I, and I look forward to seeing the future successes of their programs.”

This year's submissions were reviewed by two groups of judges: members of MBA's Diversity and Inclusion Committee and MBA staff. The companies were broken into two groups based on the number of employees, then were scored by the quality of their overall submission, identification of a target audience, and annual goals. Winners were also determined based on the level of success achieved by the D&I enterprise and the replicability of the program. Innovative program approaches and potential success in broadening the culture of the organization through the values of diversity and inclusion were also considered.

The five 2019 Diversity and Inclusion Residential Leadership Award winners are:

Organizational Diversity and Inclusion award: FirstBank and Equity Prime Mortgage

The Organizational Diversity and Inclusion award celebrates company initiatives that were specifically developed and designed to increase diversity and inclusion within the leadership and employee base of member companies, thereby leading to a mortgage banking industry that may better reflect and understand its customers.

For companies with more than 1,000 employees, FirstBank is being awarded for its initiative on hiring and training a diverse employee population. FirstBank prides itself on employing individuals with strong moral compasses. With the help of FirstBank’s Director of Diversity and Diversity Committee, FirstBank’s D&I policy provides a framework to ensure that equality and equity are at the forefront of all business practices. The committee guides FirstBank to fostering, nurturing, and preserving a culture of inclusion at its organization.

For companies with less than 1,000 employees, Equity Prime Mortgage is being recognized for its dedication to creating a diverse and welcoming culture for both employees and clients. Through its efforts, Equity Prime Mortgage creates an approach that fosters, celebrates, and infuses diversity into the company’s core mission, which includes promoting an inclusive culture and improving financial performance and innovation.

Market Outreach Strategies award: SunTrust Banks Inc., Synovus, and Idaho Housing and Finance Association

The Market Outreach Strategies award recognizes company initiatives that are specifically developed and designed to increase outreach, marketing, and products to attract customers from the industry's fastest-growing market segments.

For companies with more than 1,000 employees, SunTrust Banks Inc. is being awarded for its inclusive Lending/CRA plan. Its plan includes several innovative strategies aimed at supporting homebuyers, promoting sustainable homeownership, and providing greater stability within the communities it serves. With a deep understanding of its clients’ needs, SunTrust creates targeted solutions to benefit its client groups while supporting its referral partners and the communities it serves.

For companies with less than 1,000 employees, Synovus is being recognized for its inclusion and diversity (I&D) strategy, which was founded on the belief that improving inclusion and diversity is not just the right thing to do, but critical to the success of Synovus’ business. The program has three areas of focus: increasing minority representation across the organization; increasing the number of women in leadership positions; and improving inclusiveness in six areas identified by and prioritized through a team member survey. Several diversity initiatives were implemented in 2018, including revised job posting guidelines, leadership training, and the hiring of a diversity and inclusion director.

For the non-lender category, Idaho Housing and Finance Association (IHFA) is being recognized for its The Finally Home!^®Homebuyer Education course, which helps first-time buyers during the home-buying process. IHFA devotes a variety of resources toward targeted marketing and in-person outreach to ensure that everyone in its community has the resources needed to make homeownership possible. In the past year, 46 percent of Finally Home! students were women; 24 percent identified as non-white, Hispanic, or biracial.

MBA's Commercial and Multifamily members will have a separate Diversity and Inclusion Leadership Awards process, with nominations opening at a later date. The 2020 awards will be presented at the 2020 CREF/Multifamily Housing Convention & Expo in San Diego, California, on February 9-12, 2020. Please visit this website for updates.

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AUSTIN, TEXAS (October 27, 2019) – The Mortgage Bankers Association (MBA) today announced the members of its Residential Board of Governors (RESBOG), members of its Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG), and chairs of its Residential Committees for 2020. “The members who sit on RESBOG and COMBOG represent a wide variety of industry experts and perspectives that embody the entire real estate finance industry,” said Brian Stoffers, CMB, 2020 MBA Chairman, and Global President, Debt & Structured Finance at CBRE. “I look forward to working with all members of RESBOG and COMBOG in 2020 as we address the pressing issues at both the federal and state levels.” RESBOG is the governing body for MBA's single-family residential members, responsible for establishing legislative and regulatory policies and positions on residential lending issues. Gary Clark,CMB, Sierra Pacific Mortgage Company Inc., will serve as RESBOG Chairman in 2020.  MBA named the following newly elected members of RESBOG: Peter Diliberti, Wells Fargo Laura Escobar, Eagle Home Mortgage LLC Kristy Fercho, Flagstar Bank Chrissi Johnson, Quicken Loans Inc. Tawn Kelley, Taylor Morrison Home Funding Gene Lugat, PrimeLending James MacPherson, Academy Mortgage Corporation Glen Messina, Ocwen Financial Corporation Steven Plaisance, Arvest Central Mortgage Company Christine Rhea, Mortgage Investors Group MBA’s returning members of RESBOG are: Gary Clark, CMB (Chairman), Sierra Pacific Mortgage Company Inc. Pat Connor, Old Republic National Title Services Inc. Phil DeFronzo (Immediate Past Chairman), Norcom Mortgage Christopher Delfs, SunTrust Mortgage Nick DelTorto, Inlanta Mortgage Inc. David Gansberg, Arch Capital Group Eric Gates, Apex Home Loans Inc. Marla Guillaume, Century Mortgage Company  Rohit Gupta, Genworth Mortgage Insurance Erik Hand, HomeStreet Bank John M. Hedlund, (Vice Chair), AmeriHome Mortgage Company John Hummel, U.S. Bank Home Mortgage Michael Johnson, AmCap Mortgage Ltd. Joel Katz, HomeBridge Financial Services Inc. William Lowman, American Pacific Mortgage Corporation Peter Macdonald, loanDepot.com LLC F. Allen Maulsby, CMB, Colonial Savings F.A. Stan Middleman, Freedom Mortgage Corporation Andy Miller, PNC Bank, National Association Kurt Pfotenhauer, First American Title Insurance Company Eric J. Schuppenhauer, Citizens Bank Christopher Shroat, Fifth Third Mortgage Stacey Slocum Smith, JPMorgan Chase Susan Stewart, SWBC Mortgage Brian Stoffers, CMB, CBRE Capital Markets Scott B. Vahue, M&T Bank C. Winston Wilkinson, Pentagon Federal Credit Union Fowler C. Williams, CMB, AMP, Crescent Mortgage Company MBA also announced the Residential Committee Chairs who will serve as non-voting members of RESBOG: Shayna Arrington, The Money Source: Legal Issues, Quality Assurance and Regulatory Compliance Committee David Battany, Guild Mortgage Company: Residential Loan Production Committee Chris Cusack, CMB, George Mason Mortgage: Secondary and Capital Markets Committee Felicia Kilger, CPA, Umpqua Bank: Accounting and Financial Management Committee Lisa Klika, Guild Mortgage Company: State Legislative and Regulatory Committee Candace Russell, Carrington Mortgage Services: Residential Loan Administration Committee COMBOG is comprised of MBA member executives representing all aspects of the commercial/ multifamily real estate finance industry. COMBOG leads the strategic development of MBA’s commercial/multifamily policy and initiatives, as well as best practices and standards. Tony Premer, Pacific Life Insurance Company, will serve as COMBOG Chairman in 2020. MBA named the following newly elected members of COMBOG: J. Theodore Borter, Goldman Sachs Greg Michaud, Voya Investment Management Matthew Rocco, Grandbridge Real Estate Capital LLC                                     Reinstated COMBOG members: Steven Bean, Situs Jim Costello, Real Capital Analytics Jeffery Hayward, Fannie Mae Deborah Jenkins, Freddie Mac Christopher LaBianca, UBS Angela Mago, KeyBank Real Estate Capital Continuing members of COMBOG: Robert Bedwell, Protective Life Insurance Company Dennis Bernard, Bernard Financial Group Wayne Brandt, Wells Fargo N.A. Victor Calanog, Ph.D, REIS Inc. Christine R. Chandler, M&T Realty Capital Corporation Dan Friedeberg, Barry Slatt Mortgage Company Jeff Friedman, Mesa West Capital LLC Matt Galligan, CIT Mike Heagerty, CCMS, Newmark Realty Capital Inc. Katie Hubbard, State Farm Life Insurance Company Steven R. Johnson, Principal Real Estate Investors Jeff Majewski, CBRE Mark E. McCool, Berkadia Michael McRoberts, PGIM Real Estate Finance Gary N. Otten, MetLife Inc. Tony Premer, Pacific Life Insurance Company Mark Reichter, Q10, Triad Capital Advisors Wally Reid, JLL Capital Markets Greg Reimers, JP Morgan Deborah Rogan, Bellwether Enterprise Real Estate Capital LLC Erin Stafford, DBRS Inc. Mike Tanner, Pacific Southwest Realty Services Mark Weibel, Thompson & Knight, LLP Jeff Weidell, CMB, NorthMarq Capital Thomas Wood, Jr., Thomas D. Wood & Co.

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SANTA ANA, Calif., Oct. 24, 2019 – First American Mortgage Solutions, LLC, a part of the First American family of companies, today launched Xtent™, a configurable, data solution with instant property and borrower analytics, powered by First American’s leading title data. This unique offering for lenders and servicers streamlines the review process, creates efficiencies and identifies risk.

Xtent can be delivered via multiple channels, including an integration into existing tech stacks through an application programming interface (API). It’s also available as data-only, excel/CSV or PDF reports. It includes an at-a-glance summary with actionable alerts and analytics that indicates loan data inconsistencies which may need further review. This allows lenders and servicers to assess marketing candidates, commence origination of a new loan, define preemptive account management strategies or facilitate MSR transactions.

“Xtent will empower lenders and servicers to identify and match relevant data to the corresponding risk decisions,” said Kevin Wall, president of First American Mortgage Solutions.

“Instead of combing through multiple reports to find the right information, clients can have everything delivered in one customizable solution.”

Xtent provides access to over 30 configurable data sources from which a client can select to include or exclude, such as title and lien information, ownership and occupancy, detailed property information, borrower financial/fraud risk and compliance risk alerts.

By leveraging advanced artificial intelligence and machine-learning technology, combined with First American’s leading title information repository and dozens of additional data sources, Xtent creates the most comprehensive property data solution in the mortgage industry.

“With Xtent, the unique combination of property and borrower information can be assessed at first look, helping to reduce costs, identify portfolio characteristics, and streamline the entire loan review process, so lenders can make risk decisions with ease, efficiency and certainty,” said Wall.

To see an interactive demo of Xtent, please join us at the First American Mortgage Solutions hospitality suite at the Austin Convention Center, Level 3 Room 8A-C Monday, October 28 from 7:30 a.m. - 6 p.m. and Tuesday, October 29 from 7:30 a.m. - 4 p.m.

 

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