DALLAS, April 12 /PRNewswire/ -- The Five Star Institute (FSI), an education provider that offers professional guidance and a specialization in working with defaulted real estate, is pleased to announce that Edward Delgado will assume the role of CEO of The Five Star Institute and its affiliated conferences and publishing entities, effective April 26.
As CEO, not only will Delgado lead the company and its outreach to the mortgage default servicing community, but he will head a new initiative—The Five Star Leadership Lender League—designed to bring lenders and institutional investors together in a cooperative coalition to foster industry innovation and provide homeownership education and financial literacy to consumers. Delgado will guide curriculum development for this initiative and its related conferences, brands, and media products.
"Now, more than ever, the mortgage banking industry has a calling to work together. Colleagues, competitors, and even critics during this unprecedented time are collaborating to help borrowers nationwide," Delgado said. "The servicing community, as well as the Obama administration and policymakers, are working toward the joint mission of preserving and promoting the values of homeownership. By coming on board with FSI, I have made a commitment to be a driver of change. Through dynamic and engaging workshops, and continued collaboration, we will foster best practices, promote effective policy, and become the conduit for effective communication."
With more than 20 years in mortgage banking, Delgado is widely recognized and respected as a thought leader and innovator by professionals from every corner of the industry. As SVP of government and industry relations at Wells Fargo, one of the nation's leading providers and servicers of residential mortgages, Delgado played an integral role within the company's servicing and default group and served as a leader in the mortgage community and to 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 pivotal in supporting the Obama and Bush administration's efforts to develop mortgage solutions designed to stem the increasing number of home foreclosures in the United States.
Delgado served 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 reaching and helping at-risk mortgage consumers to keep their homes. 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 analysis. In 1992, he was named VP and department head of residential mortgage and home equity default operations for Dime Savings Bank of New York, at that time one of the largest East Coast thrifts.
Mark Hulme, founder of The Five Star Institute, stated, "Ed's move to The Five Star Institute is no less than a phenomenal development for our organization and could not be more apropos, given the incredible changes that housing finance at large faces. The mortgage servicing community could not be in greater need of the visionary leadership of a respected mortgage professional such as Ed. He is an author of change and a true diplomat that will rise to address the challenges facing today's marketplace."
The Five Star Institute was founded in 2005 as an independent service provider that exists to address an industry-wide need for standardization and education within mortgage default servicing. FSI offers a comprehensive collection of courses designed to assist both new and seasoned mortgage practitioners in strengthening their skill-set. To learn more about the organization, please visit http://www.fivestarinstitute.com.
SOURCE The Five Star Institute