The recently departed chief executive officer of the Mortgage Bankers Association has landed at a Washington, D.C.-based firm that advises financial services companies on compliance.
John Courson’s 50 years in mortgage lending included stints as chief operating officer of Fundamental Mortgage, president and chief executive officer of Westwood Mortgage Corp. and president and CEO of Central Pacific Mortgage Co.
In 2001, Courson was elected to be chairman of MBA.
In 2007, faced with a dearth of warehouse financing, Courson was forced to shut down Folsom, Calif.-based Central Pacific.
A year later, he landed at MBA as its president and CEO.
He held his job at the trade group until this past June, when he was replaced by former Federal Housing Commissioner David H. Stephens. At the time, MBA Chairman Michael D. Berman praised Courson for taking over the association in its shattered state following the mortgage meltdown and leading it into profitability.
On Thursday, Treliant Risk Advisors announced that Courson has joined the firm as senior advisor.
Treliant, based in the nation’s capitol, noted in the news release that Courson’s tenure at the real estate finance trade group placed him in “the eye of the storm of the mortgage crisis.”
The statement also indicated that he served as chairman of the California Housing Finance Agency.
“John Courson knows and understands the challenges facing mortgage bankers as well as anyone,” Treliant CEO Andrew L. Sandler said in the announcement.
Treliant says that it “is a multi-disciplinary consulting, compliance and strategic advisory firm for the financial services industry.
The co-chairmen of Treliant are former Federal Reserve Board Governor and former American Bankers Association chairman Mark W. Olson and former deputy Comptroller of the Currency Jo Ann S. Barefoot.