Weinberg Appointed Chairman of Regulatory Compliance Subcommittee

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First Choice Loan Services Executive To Head Mortgage Bankers Association Subcommittee

Josh Weinberg, Senior Vice President of Compliance for First Choice Loan Services Inc.

Josh Weinberg, Senior Vice President of Compliance for First Choice Loan Services Inc.

Working with and creating solutions to the challenging compliance issues facing the mortgage industry is something I’m very passionate about.

New Jersey-based residential mortgage lender First Choice Loan Services Inc., a wholly owned subsidiary of First Choice Bank, proudly announces Senior Vice President of Compliance Josh Weinberg has been appointed as the Chairman of the Mortgage Bankers Association’s Regulatory Compliance Subcommittee.

In this role, Weinberg will set the agenda for the subcommittee and will determine key areas of advocacy, development and priority for MBA’s mortgage compliance focus. The appointment was made official on Sunday, September 20, 2015, at the MBA’s Regulator Compliance Conference in Washington, DC.

“I’m extremely honored to serve in this role for the Mortgage Bankers Association and on behalf of First Choice. Working with and creating solutions to the challenging compliance issues facing the mortgage industry is something I’m very passionate about,” said Weinberg. “With so much change currently occurring in the mortgage industry, we’re faced with new and increasing challenges. With those challenges come opportunity and I’m very excited to see how the MBA, our Committee, and First Choice can help simultaneously better serve consumers by improving the customer experience, and successfully implement the current and future regulations and compliance challenges.”

President and Chief Executive Officer Norman Koenigsberg is proud of Weinberg and his participation with the Mortgage Bankers Association’s Regulatory Compliance Subcommittee.

“Josh is extremely knowledgeable about the issues of compliance in the mortgage industry. He’s been an incredible asset to us at First Choice since we started the company,” said Koenigsberg. “His professional involvements provide channels for Josh to share his expertise with other mortgage professionals and benefit everyone. He is a brilliant mind; we’re thrilled to have him as a part of our First Choice family, and we are even happier to see how he positively impacts and contributes to the entire mortgage industry.”

Weinberg has been a member of the MBA and this particular committee since 2008. He is also a member of the MBA’s Technology Committee. Additional professional involvements for Weinberg include member of the Mortgage Regulatory Reform Working Group and Mortgage Markets Committee of the American Bankers Association, member of the Registered Institutions Working Group for the Nationwide Mortgage Licensing System, Board Member of the Mortgage Industry Standards Maintenance Organization, Advisory Board Member of Mortgage Compliance Magazine and participant with American Land Title Association’s RESPA/TILA Combined Mortgage Disclosures Forum.

About First Choice Loan Services Inc.
Headquartered in East Brunswick, New Jersey, First Choice Loan Services Inc. is a wholly owned subsidiary of First Choice Bank. Founded in 2009, the company is licensed to originate and close residential mortgage loans nationwide, excluding New Hampshire and Arkansas. With 15 locations across 8 states and over 600 employees, First Choice Loan Services Inc. offers FHA and VA programs, Jumbo loans, fixed and adjustable rate loans, and refinancing and renovation programs. First Choice Loan Services Inc. is an Equal Housing Lender, NMLS #210764. Licensed by the New Jersey Department of Banking and Insurance. AZ BK# 0918586. To learn more about First Choice, visit http://fcloans.com/.

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Chad Peterson