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About Us And Our Mission

Mission

As a federally chartered, public purpose, government agency, we work to increase affordable and sustainable homeownership opportunities for creditworthy individuals who lack down payment funds.

About Us

CBC Mortgage Agency (CBCMA) was formed in 2013 by Cedar Band Corporation (CBC), a federal instrumentality of government, which received its charter to operate nationally through the federal government. CBC is owned by the Cedar Band of Paiutes (Cedar Band). Without any outside investment, the Cedar Band spent several years organically building CBCMA’s financial capacity and operational expertise, and painstakingly developed and cultivated key industry relationships. This approach, though slow and difficult at times, allowed CBCMA to safely grow into the mature housing finance agency it is today.

The Cedar Band’s principal concern has always been that CBCMA operate its nationwide program in compliance with Department of Housing and Urban Development (“HUD”) guidelines and that the borrowers it assists are capable of sustaining homeownership. From the beginning, CBCMA has had each FHA loan that it purchases receive a second underwriting review to ensure that it is underwritten to FHA standards. CBCMA is very careful to ensure that each borrower receives the protection of every federal and state mortgage regulation and receives appropriate disclosures. In addition, borrowers with FICO scores between 620 and 639 must complete one-on-one pre-purchase education and counseling. All borrowers receive eighteen months of counseling from a HUD-approved counseling agency, following their home purchase, to help them successfully transition to homeownership.

Leadership

Richard Ferguson, President

Mr. Ferguson graduated from Brigham Young University in Economics. He began his career as a loan officer in 1993, becoming a top producer. In 2000, he helped to build one of the nation’s largest down payment assistance providers, which he left in 2004. Mr. Ferguson later co-founded a business finance platform in 2006, which was later acquired, to provide credit and financing opportunities to small businesses. Mr. Ferguson has also been an angel investor in several companies involving technology, manufacturing, retail and renewable energy. In 2013, Mr. Ferguson was recruited to lead CBC Mortgage Agency in providing responsible homeownership solutions to deserving homeowners.

Miki Adams, Executive Vice President

Miki has spent more than 20 years managing change and productivity through calm and tumultuous economies in the residential mortgage business. She has produced excellent results in big and small companies. Her experience extends across all phases of residential mortgage lending, including retail and wholesale originations, quality control and compliance, underwriting through post closing activities, capital markets/loan sales and legacy loan portfolio management.

Michael Whipple, Senior Vice President

Michael graduated from Brigham Young University and the University of Michigan
Law School. He practiced law as a transactional attorney before entering into the
mortgage services industry. He has been an executive with CBC Mortgage Agency since
2013.

Matt Pettit, Vice President, National Program Director

Matt has ten years of experience in B2B sales in the business lending and Mortgage Lending
industries. His expertise within CBC Mortgage Agency is in onboarding new lenders to
offer the program, and training their processing and post-closing departments.

Buck Hawkins, Director of Capital Markets

Buck has twenty years Mortgage Banking experience, including Retail, Consumer

Direct, and Wholesale platform experience. He has created, managed and grown divi-
sions into efficient and profitable channels. His experience includes all aspects of Capi-
tal Markets, originations, credit and collateral risk…

Mat LaMunyon, Servicing Manager

Mat has eleven years experience in mortgage banking, including, servicing, investor reporting, investor accounting, compliance, post closing and loss mitigation. He has created and managed full servicing departments. His experience includes all aspects of post closing, loan servicing and investor relationship management.

Latresse Flowers, Sr. Underwriter & Due Diligence Lead

Latrese has over 16 years in the mortgage lending industry first starting her career with FiServ Lending Solutions and Wells Fargo Home Mortgage, and later joining CBC Mortgage Agency in 2018. Her broad background includes expertise in all aspects of the lending process from loan origination through to underwriting, closing & compliance.

Tai Christensen, Director of Governmental Affairs

Tai Christensen has been in the mortgage industry for over 17 years, specializing in working
with the underserved. She has held positions as a loan processor, the manager of a mortgage
brokerage specializing in modifying loans for families facing foreclosure, and as the manager of
a law firm specializing in negotiating mortgage terms for families facing Trustee Auction dates.
She is committed to assisting the underserved, credit worthy communities become responsible
homeowners and building inter-generational wealth through homeownership.