Chairman & CEO – Caliber Home Loans, Inc
Joe Anderson is Chairman and CEO at Caliber Home Loans, Inc. where he leads the company’s business strategy and operations. A well-known leader in the mortgage banking industry with 31 years of experience, his extensive background includes expertise in production, capital markets, operations, finance, technology, credit, and governance. Prior to joining Caliber, Joe was responsible for managing and directing the retail division of a national mortgage lending organization.
President – Phoenix Collateral Advisors
Phoenix Collateral Advisors is led by John Burnett, President, who has over 20 years of mortgage banking and servicing experience. Prior to joining the Phoenix Family of Companies, Mr. Burnett held executive and senior leadership positions with Integrated Asset Services, Statebridge Company, IBM/Seterus and Wilshire Credit Corporation/Merrill Lynch.
During his tenure, Mr. Burnett has managed the loan level decisions in collections, loss mitigation, bankruptcy, foreclosure, loan administration and REO liquidation. While rising through the ranks of multiple servicing firms, Mr. Burnett managed each aspect of the servicing timeline. His direct experience in loan level decision making as well as portfolio performance management provide him a unique perspective with regard to regulatory compliance and industry best practices. Mr. Burnett has overseen the servicing management of hundreds of thousands of loans, and more than ten thousand real estate liquidations. In his servicing leadership roles Mr. Burnett has worked closely with Wall Street investment firms, Securitization Trustees and GSE’s to execute loan retention and liquidation strategies. Throughout his career, Mr. Burnett has focused on providing clients with asset level solutions rather than task management metrics.
Rob Chrisman began his career in mortgage banking - primarily capital markets - 30 years ago in 1985 with First California Mortgage, assisting in Secondary Marketing until 1988, when he joined Tuttle & Co., a leading mortgage pipeline risk management firm. He was an account manager and partner at Tuttle & Co. until 1996, when he moved to Scotland with his family for 9 months.
He returned to the United States in mid-1997 and ran Secondary for Standard Financial, a sub-prime lender in northern California. In late 1997 Rob was hired by CrossLand Mortgage to start, and be the president of, a sub-prime company named OnCall Mortgage (a division of CrossLand). OnCall Mortgage was in existence until Wells Fargo purchased First Security Bank (the owner of CrossLand) at the end of 2000.
Rob then joined CMG Mortgage, a wholesale mortgage bank, as the Director of Secondary Marketing. In early 2003 and re-joined Tuttle Risk Management Services, Inc. TRMS (now Compass) provides mortgage pipeline risk management for mortgage companies and thrifts that seek to originate and sell loans into the secondary mortgage market. In November of 2006 Rob left TRMS to become the Director of Capital Markets for RPM Mortgage, a retail residential lender, leaving there in late 2008 to focus on not only publishing a widely read daily market commentary on current mortgage events but also on his family.
He is on the board of directors of Peoples Bank, a mid-sized depository in Kansas, and of IFC, a financial services company which advances capital to heirs, He is also an advisor to the Board for First Mortgage, a member of the Secure Settlements Advisory Board, an associate of the STRATMOR Group, a member of the California Mortgage Bankers Association, and of the Mortgage Bankers Association of the Carolinas and its membership committee, and is on the Mortgage Advisory Board for the California Automobile Association. Rob has provided expert witness services for mortgage and real estate-related cases, has lectured to groups around the country.
Rob holds a BS from Cal Poly, San Luis Obispo, and an MBA from UC Berkeley.
Vice President – Redwood Trust
Teresa Jackson has served Redwood Trust since 2011 as Vice President and is responsible for Business Development and Product Management for the Residential Conduit business channel. Ms. Jackson is the author of Redwood’s Program Eligibility and Underwriting Guide and has been instrumental in the development of all program and product offerings. Prior to joining Redwood Trust, Ms. Jackson served as National Operations and Credit Risk Manager for Mission Hills Mortgage Bankers, a division of Gateway Business Bank, and Regional Underwriting Manager for Homecomings Financial, a GMAC Company. Ms. Jackson began her career with North American Mortgage Company in various capacities including Servicing Sales and Acquisitions, Loan Delivery and Underwriting. Ms. Jackson holds a Bachelors of Arts degree from California State University, Chico and has both her FHA Direct Endorsement and VA SARS certifications.
Executive Vice President of Portfolio Investments – Nationstar
Amar R. Patel has served as Executive Vice President of Portfolio Investments since joining Nationstar in June 2006. Mr. Patel has over 20 years of experience in the mortgage industry. From 1993 to 2006, Mr. Patel held various management roles at Capstead Mortgage Corporation, last serving as Senior Vice President of Asset and Liability Management. Mr. Patel holds a B.B.A. in Finance and Mathematics from Baylor University and an M.B.A. from Southern Methodist University.
Theodore W. Tozer
President – Ginnie Mae
Theodore W. Tozer was sworn in as President of Ginnie Mae on February 24, 2010, bringing with him more than 30 years of experience in the mortgage, banking and securities industries. As President of Ginnie Mae, Mr. Tozer actively manages Ginnie Mae’s more than $1.5 trillion portfolio of mortgage-backed securities (MBS) and more than $460 billion in annual issuance. The expansion of the investor base allowed Ginnie Mae’s portfolio to grow from $1 trillion to $1.5 trillion in less than four years and to fund the administration housing recovery initiatives through FHA, VA and RHS lending. Throughout his tenure, Mr. Tozer remains committed to bringing global capital into the housing finance system. This commitment is evident in the organization's emphasis on expanding its domestic and international investor base, which contributed to Ginnie Mae reporting an average net income of approximately $800 million in each fiscal year of his tenure.
Mr. Tozer is responsible for the administration of Ginnie Mae's mortgage-backed securities (MBS) programs. He also oversees the organization's enterprise-wide risk management capabilities and capital market activity. Under his leadership, Ginnie Mae has embarked on a multi-year hiring initiative designed to bring key functions in-house, manage the sharp increase in MBS volume and Issuers, and monitor the housing finance reform landscape. In FY 2013, he increased the Ginnie Mae team from 85 to 110 employees, growing the organization by more than 29 percent. Also, in FY 2013, Ginnie Mae saw nearly $800 million in profit. Mr. Tozer also oversees the effort to improve the ease of doing business with Ginnie Mae, turning the corporation into a more customer-centric organization and enhancing the transparency of the data disclosures of the mortgage loans backing Ginnie Mae securities.
Prior to his appointment as President, Mr. Tozer served as Senior Vice President of Capital Markets at the National City Mortgage Company (NCM) for more than 25 years, overseeing pipeline hedging, pricing, loan sales, loan delivery and credit guideline exceptions. During his tenure at NCM, the company never experienced a loss and annual loan sales grew from $1 billion in 1989 to $106 billion in 2003. Mr. Tozer was instrumental in transforming NCM from an “originate and hold” lender to an “originate and sell” lender. In 1987, he had NCM approved as a Ginnie Mae Issuer.
Mr. Tozer served as a charter member of Fannie Mae’s National Lender Advisory Board until 2009. He was also a member of Freddie Mac’s National Lender Advisory Board. In addition, he was chairman of the Capital Markets Committee of the Mortgage Bankers Association (MBA) from 2002 to 2004, a member of the MBA Board of Governors from 2002 to 2004, a trustee of the Ohio Mortgage Bankers Association from 1999 to 2001, and part of the Fannie Mae Midwest Secondary Advisory Group from 1994 to 1999.
Mr. Tozer received his Bachelor of Science Degree in Accounting and Finance from Indiana University. He became a Certified Public Accountant in 1980 and a Certified Management Accountant in 1984. He and his wife Sandy live in Fairfax, VA.
Chief Economist – Moody's Analytics
Mark M. Zandi is chief economist of Moody’s Analytics, where he directs economic research. Moody’s Analytics, a subsidiary of Moody’s Corp., is a leading provider of economic research, data and analytical tools. Dr. Zandi is a cofounder of Economy.com, which Moody’s purchased in 2005.
Dr. Zandi’s broad research interests encompass macroeconomics, financial markets and public policy. His recent research has focused on mortgage finance reform and the determinants of mortgage foreclosure and personal bankruptcy. He has analyzed the economic impact of various tax and government spending policies and assessed the appropriate monetary policy response to bubbles in asset markets.
A trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public, Dr. Zandi frequently testifies before Congress on topics including the economic outlook, the nation’s daunting fiscal challenges, the merits of fiscal stimulus, financial regulatory reform, and foreclosure mitigation.
Dr. Zandi conducts regular briefings on the economy for corporate boards, trade associations and policymakers at all levels. He is on the board of directors of MGIC, the nation’s largest private mortgage insurance company, and The Reinvestment Fund, a large CDFI that makes investments in disadvantaged neighborhoods. He is often quoted in national and global publications and interviewed by major news media outlets, and is a frequent guest on CNBC, NPR, Meet the Press, CNN, and various other national networks and news programs.
Dr. Zandi is the author of Paying the Price: Ending the Great Recession and Beginning a New American Century, which provides an assessment of the monetary and fiscal policy response to the Great Recession. His other book, Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis, is described by the New York Times as the “clearest guide” to the financial crisis.
Dr. Zandi earned his B.S. from the Wharton School at the University of Pennsylvania and his PhD at the University of Pennsylvania. He lives with his wife and three children in the suburbs of Philadelphia.