GENERAL SESSION: Remarks from Senator Elizabeth Warren (D-MA)

President & Chief Executive Officer, Mortgage Bankers Association

Robert (Bob) Broeksmit is President and CEO of the Mortgage Bankers Association (MBA). Bob is a senior finance executive and corporate officer with a 35-year career in the mortgage sector. He has directed all aspects of lending activities, including marketing, sales, operations, secondary marketing, loan servicing, and default management. He has also served as a mortgage underwriting expert testifying on many large, high-profile cases. Prior to joining MBA in 2018, Bob served as President and Chief Operating Officer with Treliant, heading the firm’s mortgage litigation support practice and serving diverse financial services clientele including large banks, independent mortgage lenders, community banks, credit unions, and service providers to the mortgage industry. As a Washington-based financial services consultancy, Treliant’s mortgage practice included strategic advisory for executive management and corporate boards; litigation defense, including file reviews, litigation strategy, expert reports, and expert testimony; CFPB examination preparation and implementation of mortgage regulations promulgated by the CFPB and other regulators; and operational aspects of mortgage banking, ranging from origination to servicing and loss mitigation. Before Treliant, Bob held senior leadership positions in the mortgage business, including fourteen years with Chevy Chase Bank (including after its purchase by Capital One), where he was Executive Vice President and President of its B.F. Saul Mortgage Company subsidiary. Bob also was a Vice President at Prudential Home Mortgage for seven years. He has overseen annual originations of $9 billion, a balance sheet of $10 billion in residential mortgages, and a servicing portfolio of $20 billion. He also held positions at Great Western Mortgage, Krupp Residential Mortgage, and The Money Store. Bob has served as the Chairman of the Mortgage Bankers Association’s Residential Board of Governors and as a member of its Board of Directors. Firms under his leadership have garnered multiple awards for servicing operations excellence, including Freddie Mac’s Tier One and Hall of Fame designations. He is a Certified Mortgage Banker (CMB) and a graduate of Yale University.

Ranking Member of the Senate Banking Committee, U.S. Senate

Elizabeth Warren is a fearless consumer advocate and the senior senator from Massachusetts. She is one of the nation’s leading progressive voices, fighting for big structural change to transform our economy and rebuild the middle class. In her 13 years in the United States Senate, Senator Warren has used her platform to hold some of the nation’s largest corporations and most powerful government agencies accountable for waste, fraud, and abuse. Senator Warren currently serves as the Ranking Member — the top Democrat — on the United States Senate Committee on Banking, Housing, and Urban Affairs. Senator Warren is recognized as one of the nation's top experts on bankruptcy and the financial pressures facing middle class families. She is widely credited for the original thinking, political courage, and relentless persistence that led to the creation of the Consumer Financial Protection Bureau, which has protected consumers from financial tricks and traps often hidden in mortgages, credit cards and other financial products for 15 years. The Boston Globe has called her "the plainspoken voice of people getting crushed by so many predatory lenders and under regulated banks." As a law professor for more than 30 years, Warren taught courses on commercial law, contracts, and bankruptcy, and has written more than a hundred articles and eleven books, including four national best-sellers, This Fight Is Our Fight, A Fighting Chance, The Two-Income Trap, and All Your Worth. Warren is a graduate of University of Houston and Rutgers School of Law. She and her husband Bruce Mann have been married for 41 years and live in Cambridge, Massachusetts with their golden retriever, Bailey. They have three grandchildren.