Former FHFA head Calabria joins board of Evolve Mortgage Services

Abstract

Evolve Mortgage Services, an outsourcing solutions provider and developer of eMortgage tools and platforms, appointed housing policy expert and economist Mark Calabria, a former director of the Federal Housing Finance Agency, to its advisory board. Appointed by then-President Donald Trump to the helm of the FHFA, Calabria guided the agency through the first year of the COVID-19 pandemic. Calabria was fired from the leadership role by President Joe Biden last year, leading to a suspension of conservatorship-exit efforts. As a member, Calabria will provide advice and guidance to company leadership, promote its services within the industry and help expand its network through strategic planning. "The vast array of talent and knowledge Calabria brings will help accelerate our growth and expand our digital footprint as we continue to evolve our solutions to change the way loans are bought and sold in the marketplace."Based in Frisco, Texas, Evolve was founded in 1991 and was formerly known as MRN3. In addition to eMortgage solutions, the company also offers origination and post-closing services and third-party reviews. Before taking the reins of the FHFA, Calabria served as chief economist to then-Vice President Mike Pence. His policy background also includes roles as a senior aide to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, where he helped draft the Housing and Economic Recovery Act of 2008.