“Given the important role Fannie Mae plays in our housing economy, this appointment is a real honor,” Thorpe said in a news release. “I look forward to sharing my insights with other board members and working together to address important industry challenges.”
A licensed attorney, Thorpe joined the company in 2013 as vice president and chief risk officer before being president and COO in 2014. Prior to Castle & Cooke, he served as the chief legal officer and general counsel ay Sun West Mortgage Company.
The Risk Advisory Board is composed of 18 senior risk executives with a minimum term of one year. The board provides process enhancements on Fannie Mae’s selling guide as well as help shape credit policies.
Lender optimism hits all-time high
Adam Thorpe, president and COO of Utah-based Castle & Cooke Mortgage, has been appointed to Fannie Mae’s Single-Family Risk Advisory Board.