MQMR names internal audit manager

by Francis Monfort13 Feb 2018

Mortgage Quality Management and Research (MQMR) has appointed Mitchell Nomura as internal audit manager. In that role, he will lead a team of internal auditors that identifies compliance and operational risks for mortgage lender clients.

Nomura has more than 30 years of experience overseeing compliance and risk management departments at bank and non-bank lenders. He was most recently chief credit officer at Bank of San Francisco. Tasked to oversee the bank’s lending operations, he enhanced its compliance management system and obtained the highest possible ratings for asset and quality management in a 2016 safety and soundness examination for the bank.

Earlier in his career, Nomura held roles at RPM Mortgage, where he managed development and implementation of a compliance management system and directed HMDA and TRID compliance, and at Bank of Hawaii, where he overhauled Regulation O policy and training materials.

"Our internal audit team has earned a reputation of excellence among the industry and has recently announced advanced compliance to the Dec. 19, 2017, Fannie Mae Selling Guide Announcement SEL-2017-10 update six months ahead of the enforcement deadline," MQMR President Michael Steer said. "We are confident that Mitchell's effectiveness in managing departmental audits in accordance with updated GSE mandates, as well as his wealth of industry experience, position him as the ideal candidate to advance the success of our internal audit department."

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