Mounzer M. Aylouche, MassHousing’s Manager of HomeOwnership Business Development, has been elected Chairman of the Massachusetts Mortgage Bankers Association (MMBA).
Aylouche, of Swampscott, was elected Chairman of the MMBA at the organization’s recent Annual Dinner and Installation of Officers at the Four Points by Sheraton in Wakefield. He is the first Chairman with a government background – as opposed to the traditional banking industry – to be elected to the position.
Aylouche provided the attendees with his goals and issues for 2017 including supporting home ownership affordability and educating the next generation of mortgage lenders. “We as mortgage lenders need to commit to providing the right mortgage products to the first time homebuyers, those who need it the most,’’ said Aylouche.
Aylouche has been at MassHousing for 18 years and has previously served as a secondary marketing officer and relationship manager in the HomeOwnership Division.
MassHousing recently announced that two long-time staff persons have been promoted to new positions in the Agency’s Home Ownership business line.
Lisa Fiandaca of Lynnfield has been promoted to the position of Director of Homeownership Production and will oversee the Agency’s efforts to provide affordable home mortgage loans to low- and moderate-income residents as well as the Agency’s relationships with partner lenders that originate MassHousing loans. She will also oversee the Agency’s Mortgage Insurance Fund and Business Development. Ms. Fiandaca has served as a Business Development officer at MassHousing since 2005 and has 35 years of experience in the mortgage lending field, having previously worked for Republic Mortgage Insurance Company and East Boston Savings Bank.
Steve Payson of Melrose has been promoted to the position of Director of Homeownership Lending Operations, which includes lending operations, product development, and secondary marketing activities. Mr. Payson joined MassHousing in 1995 and has over 30 years of mortgage banking experience in both the private and public sector and has held management positions in loan origination, operations, specialized lending, and risk management.
“Lisa and Steve have decades of experience in the home mortgage lending industry and both of them have been instrumental in helping MassHousing to dramatically increase its lending to homeowners with modest incomes over the last decade,” said MassHousing Executive Director Tim Sullivan. “They have strong technical expertise and deep relationships in the industry that will help us to continue to make homeownership possible for thousands across the Commonwealth.”Mounzer Aylouche Lisa Fiandaca Steve Payson
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