Former Wells Fargo and Freddie Mac Exec Ed Delgado Named Wingspan COO
Wingspan Portfolio Advisors has announced that Ed Delgado will join the company as chief operating officer. Formerly chief executive officer of the Five Star Institute, senior vice president of Wells Fargo and executive at Freddie Mac, Delgado has more than 20 years of experience in mortgage banking and is widely recognized as a thought leader and innovator in the industry. While at Five Star, one of the nation’s largest trade groups, Delgado led various industry initiatives and hosted discussions with former President George W. Bush, New York Mayor Rudolph Giuliani, First Lady Laura Bush and U.S. Secretary of State Condoleezza Rice. He pioneered the formation of the Lender Leadership League, a consortium of the nation’s top mortgage-servicing executives. Prior to joining Five Star, Delgado was SVP of government and industry relations at Wells Fargo, where he played an integral role within the company's servicing and default group and served as a leader in the mortgage community, government agencies and industry trade groups in Washington, D.C. While serving as a key representative to the U.S. Department of the Treasury and in conjunction with industry leaders, Delgado was supportive of the Obama and Bush administration's efforts to develop mortgage solutions designed to stem the increasing number of home foreclosures in the United States. “We are extremely pleased to have Ed join the Wingspan team,” said Wingspan CEO and President Steven Horne. “From his years with Wells Fargo and Freddie Mac to his work with the Obama and Bush administrations, Ed offers a tremendous range of experience, and he will be an ideal asset to Wingspan as we continue our phenomenal growth.” In addition to launching four new subsidiaries over the past 12 months, Wingspan has quadrupled its number of employees and has expanded operations to a second office building to meet the needs of its clients, which include banks, investors, mortgage insurers and real estate agents throughout the U.S. In conjunction with being named COO of Wingspan, Delgado will remain affiliated with Five Star as chairman of the National Servicing Association (NSA), a newly formed non-profit trade association representing more than 90 percent of mortgage banks in the U.S. “I’m honored to join Wingspan, while having the opportunity to continue to work closely with industry leaders through the Five Star National Servicing Association,” said Delgado. “The need for progress and collaboration across the industry has never been greater and much work remains to be done.” Mark Hulme, chairman and founder of the Five Star Institute, said, “Five Star is fortunate to have worked with Ed in promoting success across the mortgage industry, and we look forward to his continued leadership through the NSA.” Delgado’s experience includes serving as a member of the Housing Policy Council of the Financial Services Roundtable, a trade association representing nearly two-thirds of the mortgage industry. He has chaired several subcommittees for the HOPE NOW Alliance, a public and private sector partnership focused on assisting at-risk mortgage consumers. He was elected chairman of the Office of the Comptroller of the Currency Advisory Council, an independent working group whose primary goal is to help create cohesion, provide quality control, and build sustainable support for information and analysis in the industry from a regulatory perspective. Prior to joining Wells Fargo, Delgado served as an executive at Freddie Mac, where he spent nine years in various leadership roles including loss mitigation, structured risk transactions, investor reporting, and portfolio analysis.