J.K. Huey, SVP of asset management and preservation with Wells Fargo Home Mortgage, has been appointed the chairperson of the Five Star Institute National Mortgage Servicing Association (NMSA), according to an announcement from Five Star.
Huey has worked in the mortgage industry for 34 years. In her current position with Wells Fargo, she is responsible for managing REO and property preservation activities for Wells Fargo's servicing channel. She held leadership positions with IndyMac Bank, Washington Mutual, and Homeside Lending prior to joining Wells Fargo in 2009.
The NMSA is a non-profit, nonpartisan association founded in 2010. With 40 member organizations representing approximately 90 percent of the U.S. mortgage industry. The leaders and members of NMSA actively participate in policymaking forums, advance mortgage servicing dialogue, and create innovative solutions to issues in the industry.
"It is an honor to be chosen to chair the NMSA," Huey said. "They play such a critical role in the mortgage servicing industry. I look forward to leading an organization that brings mortgage servicers together to have conversations that will help shape housing industry reform in America."
In her three-plus decades in the mortgage industry, Huey has chaired many committees, served on several boards, and been recognized multiple times for her expertise and accomplishments. She received the 2014 Five Star Lifetime Achievement Award last year at the Five Star Conference's annual Women in Housing Leadership Summit.
"J.K. is a proven industry leader and a consummate professional," Five Star President and CEO Ed Delgado said. "We are fortunate to have had such a solid working relationship with her for many years and look forward to many more to come. The depth of her extensive knowledge and experience will be a vital asset to the NMSA."
Huey is succeeding Steve Bailey of PennyMac as chairperson of the NMSA. Past chairs of the association include Eric Schuppenhauer, formerly of JPMorgan Chase, and Tony Meola of Bank of America.
"The NMSA plays an important role in pulling together key members of the mortgage servicing community in order to connect thoughts, advance understanding, and create a potential for providing a collective voice to the industry on select topics," said Steve Bailey of PennyMac, outgoing chair of NMSA. "I am pleased that J.K. Huey is taking over as chair of the association. Her industry experience, leadership skills, and passion for process improvement will serve the NMSA very well."
Editor's note: The Five Star Institute, a Dallas-based mortgage industry group founded in 2003 to connect industry leaders, to empower education, and to foster thought leadership, is the parent company of MReport and MReport.com.