The Mortgage Bankers Association installed new leadership for 2021-22 this morning.
Kristy Fercho, executive vice president and head of home lending at Wells Fargo, was sworn in today as chairman of the Mortgage Bankers Association (MBA) during the association’s 2021 Annual Convention & Expo in San Diego.
Matt Rocco, chairman and CEO at Grandbridge Real Estate Capital, and Mark Jones, CEO and co-founder of Amerifirst Home Mortgage, also were sworn in as chairman-elect and vice chairman, respectively.
As head of Wells Fargo’s Home Lending division, Fercho leads more than 25,000 mortgage professionals in sales; operations; servicing; capital markets; portfolio management and related business; risk management, and supporting functions.
"It is an incredible honor to serve as MBA's 2022 Chairman," Fercho said. "I look forward to collaborating with Matt Rocco and Mark Jones to address the opportunities and challenges facing our industry, including developing strategies that will ease our nation’s affordable housing crisis and close the racial homeownership gap.”
She added that the mortgage industry “has a responsibility to be part of the solution that levels the playing field and ensures all Americans have access to the American Dream of homeownership.”
Fercho serves as vice chair of MBA's Diversity and Inclusion Advisory Committee, as co-chair of the Affordable Housing Council, and as a member of its Residential Board of Governors.
Rocco sits on MBA's Commercial Real Estate Finance Board of Governors. A graduate of MBA's Future Leaders Program, he has also participated on MBA's Origination Council and DUS Peer Group.
He joined Grandbridge, a subsidiary of Truist Bank, in 1998. He is a member of the firm's Board of Managers, Senior Leadership Team, and Risk Committee.
Jones co-founded Amerifirst Home Mortgage in 1983 and has overseen the company's growth from a single site in Kalamazoo, Mich., to more than 80 locations and 900 employees nationwide. Amerifirst manages a $6 billion servicing portfolio.
He serves as MBA Chair of the Audit Committee and is a member and past co-chair of the IMB Executive Committee, the State Relations Committee, the Rural Housing Working Group, and the MORPAC Committee. He was also a member of MBA's 2019-2020 Board of Directors.
The MBA represents the real estate finance industry, which employs more than 330,000 people natinowide. Based in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets, to expand homeownership, and to extend access to affordable housing to all Americans.
