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HomeNational MortgageLennar Mortgage president Escobar nominated for MBA vice chair

Lennar Mortgage president Escobar nominated for MBA vice chair

The Mortgage Bankers Affiliation introduced the nomination of business veteran Laura Escobar, present president of Lennar Mortgage, as vice chair for its 2023 membership 12 months. 

Escobar has held management positions with a number of firms all through her profession, together with at each banks and unbiased mortgage lenders. She has been with Lennar Corp. since 2002, becoming a member of its mortgage subsidiary as a department supervisor, earlier than a promotion to senior vice chairman answerable for the Japanese area for the Miami-based lender. Escobar later stepped as much as the function of govt vice chairman of Lennar’s homebuilder division in 2016 earlier than rising to president at Lennar Mortgage, a title she’s held since 2018. Lennar Mortgage’s community contains greater than 1,100 associates working throughout 20 states.

“It’s my pleasure to welcome Laura to MBA’s management ladder,” stated Kristy W. Fercho, the affiliation’s 2022 chair and head of residence lending at Wells Fargo, in a press launch. 

“Her strategic thoughts, energetic character and deep compassion for others will guarantee we proceed to achieve our members’ dedication to advancing homeownership and reasonably priced rental housing alternatives nationwide,” Fercho added.

Escobar will likely be put in in October at MBA’s annual conference in Nashville, Tennessee. The affiliation represents over 2,200 firms concerned in actual property finance. 

She’ll tackle the place in a 12 months when the lending business is going through growing headwinds after a protracted interval of document progress, with present origination volumes down 54% 12 months over 12 months. Final month, the Washington, D.C.-based commerce group predicted mortgage manufacturing will decline 41% from its 2021 degree subsequent 12 months, primarily resulting from slowing refinance exercise, which is anticipated to fall 74%. In the meantime, different segments of the mortgage business, significantly servicing, are buzzing alongside.

Inside MBA, Escobar serves on a number of advisory boards and committees, together with its present board of administrators. She additionally holds the function of co-chair of MBA’s IMB Govt Council and vice chair of the Mortgage Motion Alliance, its lobbying arm. Escobar is a director on the board of the MBA Opens Doorways Basis, which supplies mortgage and rental fee help grants to households nationwide, as properly. Exterior the group, she is energetic on committees on the likes of Fannie Mae, Freddie Mac, the Nationwide Affiliation of Hispanic Actual Property Professionals and Nationwide Affiliation of Minority Mortgage Bankers of America. 

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