Mortgage Markets CUSO (MMCUSO) has named Michael Ferraro as President effective July 26, 2018. He succeeds Victor Petroni who served as President since Mortgage Markets inception in 2003. Prior to becoming President of Mortgage Markets CUSO LLC, Mr. Ferraro was a consultant with the New York Credit Union Association collaborating with credit unions to help build more robust Lending Programs. With over 25 years’ experience in the financial sector, Mr. Ferraro has held Executive level positions with American Eagle Financial Credit Union as Vice President of Consumer Lending, and CU Direct Corporation as Director of Credit Unions Sales and Consulting.
In his new role, Ferraro will lead the MMCUSO Team to set up strategic partnerships that enhance the continued growth of retail mortgages. Michael Palladino, Chairman of the Board of Managers said, “Michael has proven himself to be extremely dedicated and perceptive in reshaping our mortgage operations to balance personal service with new-edge processes needed to streamline purchase money mortgages. He will carry on the CUSOs commitment to its partners and the credit union members that we serve.”