During the annual National Mortgage Servicing Association (NMSA) member meeting in Washington D.C., on April 5, NMSA announced the appointment of Ray Barbone, EVP of Mortgage Services at BankUnited, as the new Chairman. Barbone assumed the position recently vacated by J.K. Huey, SVP at Wells Fargo, whose term ended in April. Huey won’t be ending her service to the group near term however, as she was named chairman emeritus of NMSA in recognition of her decades of service to the mortgage industry and her longstanding support of the organization.
Huey served as NMSA Chairman from 2015-2017, and prior to Wells Fargo, has held management positions at several leading mortgage organizations, including IndyMac, Washington Mutual, and Homeside Lending. She has also chaired numerous organizations in the mortgage industry, and served as an executive board member for several strategic groups.
“What an excellent experience this has been, to work with industry colleagues to encourage and drive needed changes for our industry,” said Huey. “A great deal of work has been accomplished because of NMSA members and our Five Star partners, and I can’t thank these leaders enough for all they have done. As I transition this over to Ray Barbone, I know I am leaving this group in great hands.”
Barbone brings several decades of experience to the NMSA. Prior to serving at BankUnited, Barbone was group SVP for operations at ABN AMRO Mortgage Group in Jacksonville, Florida, and before that spent 14 years as controller and SVP at Atlantic Mortgage & Investment Corp.
Barbone’s service to the mortgage industry was recognized in 2015 when he was a
nnounced as a recipient of the 2015 Lifetime Achievement Award from the Five Star Institute.
“The NMSA members represent a significant majority of the market and, as an association, have done some wonderful work on behalf of the industry over the years,” said Barbone “I appreciate the opportunity to be a member these past years and honored to be selected for this leadership role. I look forward to working with the NMSA membership in our continued efforts to advocate for consumers, homeownership and the industry.”
The NMSA is a nonpartisan organization driven by top level executives and leaders to effect progress and change on the key challenges that face the mortgage servicing industry. NMSA member corporations represent over 80 percent of the mortgage industry.. The NMSA meeting hosted various leaders, policy makers, and agencies including most recently the Consumer Financial Protection Bureau Director Richard Cordray to discuss critical issues impacting the mortgage servicing industry.