Western Bancorp CEO appointed to Fannie Mae National Advisory Board

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30-year mortgage-industry veteran Rick Soukoulis will join Spring 2014 discussion Forum

As lenders, we face ongoing challenges on how to best serve our clients while controlling risk and remaining compliant.

Western Bancorp announced today that CEO Rick Soukoulis has been appointed to The Fannie Mae National Advisory Board (NAB). The NAB is a forum held twice a year for lending professionals and government officials to engage in robust dialogue on strategic topics affecting real estate finance. The Board’s focus is to identify opportunities to improve how lenders and Government Sponsored Entities (GSEs) can work together to address industry challenges and achieve their shared business objectives.

Soukoulis is scheduled to attend the NAB Spring 2014 National Advisory Board Meeting from April 1-2 2014 in Washington, DC. Soukoulis will join several other new board members at the April meeting chaired by Zach Oppenheimer, Senior Vice President and Head of Customer Engagement. The Board is currently seeking input for discussion topics from Board members.

Soukoulis has been a real estate finance innovator for more than 30 years. Starting out as a loan officer in Silicon Valley, he later formed America's Funding Source in 1987. In 1999, America's Funding Source became LoanCity, which grew from start-up to $7 Billion in annual production as a national wholesale lender and was recognized for its technological and financial sophistication. Today, Western Bancorp continues that innovation as a leading lender in wholesale and correspondent channels.

“It’s an honor to be appointed to the NAB,” said Soukoulis. “There are many viewpoints on the state of today’s mortgage industry, and it’s important to have an honest, up-front dialog between lenders and GSEs. As lenders, we face ongoing challenges on how to best serve our clients while controlling risk and remaining compliant. We’re all concerned mortgage industry trends, ongoing recovery programs and maintaining the growth of the U.S. housing market. This forum will provide an opportunity to work together toward solutions that benefit us all. “

About Western Bancorp: Western Bancorp is a San Jose based mortgage company serving the wholesale lending community in the Western U.S. Western Bancorp includes wholesale and correspondent lending divisions.

The company offers a large selection of loan products, including Fixed-Rate Mortgages, Adjustable Rate Mortgages (ARMs), Jumbo loans and more at competitive rates. Western Bancorp began with the goal of creating a better loan source for modern mortgage brokers and their clients.

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Charles Warnock
Western Bancorp
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