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Mortgage Coverage Advisors (MPA) has named Russell “Rusty” Johnson, has been named Principal Advisor for the agency. In his new function, Russell will probably be chargeable for advocating on behalf of MPA purchasers, supporting the agency’s consumer improvement technique, whereas advising companions on varied market alternatives.
“Rusty is an completed government, that I had the privilege of working with throughout my tenure at Wells Fargo,” stated Bob Caruso, CEO of ServiceMac. “He [Johnson] is a backside line, results-oriented skilled, that is aware of the mortgage servicing enterprise.”
A acknowledged chief within the monetary providers business, Johnson has 30 years {of professional} expertise in mortgage banking and servicing, having held government positions at Financial institution of America, Radian, Wells Fargo, PwC, Fannie Mae, and KPMG.
Previous to becoming a member of MPA, Johnson was chargeable for KPMG’s large-scale engagements with monetary establishments, together with Fannie Mae, the U.S. Division of Veteran Affairs (VA) and Financial institution of America, and served as KPMG’s material knowledgeable for all mortgage servicing engagements.
Throughout his tenure at Fannie Mae, Johnson led efforts on the government-sponsored enterprise (GSE), in the direction of the creation and implementation of presidency packages such because the Dwelling Reasonably priced Modification Program (HAMP) and the Dwelling Reasonably priced Refinance Program (HARP). His work on a complete servicer score system, led to the event of Fannie Mae’s Servicer Complete Achievement and Rewards (STAR) program.
“We’re delighted to have Rusty as a part of our rising staff, and stay up for his contributions,” added Marcel A. Bryar, Managing Director at MPA.
Johnson holds a Bachelor of Science in Enterprise Administration, Administration and Operations from Bryant College of Rhode Island.
Primarily based in Washington, D.C., MPA is a strategic advisory agency offering purchasers with insights associated to rising or current laws, coverage, laws, and company steering impacting the U.S. residential mortgage business. By way of expertise and observe, the staff at MPA analyzes market tendencies–translating info into actionable and strategic intelligence together with enterprise progress technique and third-party enterprise improvement.
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