John C. "Jack" Opperman, a five-decade professional of the mortgage industry who served as chairman of the Mortgage Bankers Association (MBA)
in 1978, passed away on July 13 at the age of 91.
A U.S. Navy veteran during World War II, Opperman earned a bachelor's degree from the University of Washington and an MBA from Stanford University Business School. He began his career in the mortgage departments of Penn Mutual and Mass Mutual Life Insurance in Los Angeles, moving in 1958 to San Francisco to join the firm that later became First Interstate Mortgage Company, of which he later became its Chairman.
Opperman served president of the California Mortgage Bankers Association and President of the Northern California Appraisal Institute. He was elected MBA President—the title would later be changed to Chairman—of the MBA in 1978 and earned his Certified Mortgage Banker (CMB) designation from MBA in 1993.
"Mr. Opperman was an active contributor in delivering insight into the industry, helping train those entering into the real estate finance industry," said Phyllis Roberts, MBA Assistant Director in Member Services. "His contributions to the industry, especially the commercial/multifamily segment, is immeasurable. He was a strong advocate for the industry and remembered all who impacted his career and life. He will be sorely missed."