CBC Mortgage Adds Director Of Servicing & Asset Management

CBC Mortgage Agency (CBCMA) said Monday it has appointed Alicia Wood as its new director of servicing and asset management. 

Wood, a veteran in the mortgage industry with over 25 years of experience, brings extensive servicing knowledge to the management team of CBCMA, which is dominated by women.

In her new role, Wood will be responsible for administering CBCMA's entire loan servicing operation, servicing oversight, and loss mitigation activity on all first and second mortgages, as well as agency and investor reporting, the company said.

Before joining CBCMA, Wood served as vice president of servicing at Non-QM lender Angel Oak, where she managed non-agency and government mortgage servicing. She also spent more than five years overseeing foreclosed and bankrupt accounts at a non-agency lender that was acquired by Morgan Stanley and is now part of PHH Mortgage.

CBCMA President Miki Adams welcomed Wood's appointment, citing her extensive experience in non-agency and government mortgage servicing. Adams expressed confidence in Wood's ability to contribute to the growth of the company, saying, "Alicia is a talented and accomplished professional whom we are fortunate to be able to add to our new leadership team."

Wood expressed her excitement to join CBCMA's growing company. "I believe I am most successful in environments like the one that CBCMA has fostered, where collaboration is encouraged, and adaptability is essential," she said.

Wood's appointment to CBCMA's management team has increased the ratio of women leaders at the company to 62%. The firm's president and chief financial officer are also women, demonstrating CBCMA's commitment to diversity and inclusivity in its leadership team, the company said

CBCMA, a nationally chartered housing finance agency founded in 2013 in Cedar City, Utah, offers down-payment assistance for first-time homebuyers. The company helps low-to-moderate-income consumers, often in minority neighborhoods, achieve the dream of homeownership. CBCMA is a wholly-owned subsidiary of Cedar Band Corp., a federally chartered tribal corporation founded by the Cedar Band of Paiute Indians.