Mortgage Quality Management and Research LLC (MQMR)
has hired Mitchell Nomura as Internal Audit Manager. In his new role, Nomura will apply his more than 30 years of experience, overseeing compliance and risk management departments at bank and non-bank lenders to leading MQMR’s team of expert internal auditors as they identify compliance and operational risks for mortgage lender clients.
“Our internal audit team has earned a reputation of excellence among the industry and has recently announced advanced compliance to the December 19, 2017 Fannie Mae Selling Guide Announcement SEL-2017-10 update six months ahead of the enforcement deadline,” said Michael Steer, President of MQMR. “We are confident that Mitchell’s effectiveness in managing departmental audits in accordance with updated GSE mandates as well as his wealth of industry experience position him as the ideal candidate to advance the success of our internal audit department.”
Before joining MQMR, Nomura was Chief Credit Officer at Bank of San Francisco, where he oversaw its lending operations and enhanced the Compliance Management System (CMS), resulting in the bank obtaining the highest possible ratings for asset and quality management in a 2016 safety and soundness examination. Nomura’s other career accomplishments include managing the development and implementation of a CMS and directing HMDA and TRID compliance for multi-billion-dollar loan originator, RPM Mortgage; overhauling Regulation O policy and training materials for Bank of Hawaii; implementing rigorous loan review procedures at City National Bank; and achieving top producer status as Lending Director for the Warehouse Lending division of GMAC Residential Funding.
“I’ve spent my career structuring compliance and risk management departments at bank and non-bank lenders to better identify risks and establish proactive procedures and policies that ensure quality loan production servicing,” said Nomura. “I look forward to providing unique value to MQMR’s top-tier internal audit program.”