Mortgage Policy Advisors LLC (MPA) has announced the addition of Frank Pallotta as Principal Advisor, responsible for developing client strategy and business solutions. Before joining MPA, Pallotta was a two-time nominee and House candidate for Congress in the 2020 and 2022 General Elections, receiving endorsements and support from various members of the House Financial Services Committee.
MPA is a Washington, D.C.-based, strategic advisory firm, providing clients with insights related to emerging or existing legislation, policy, regulations and agency guidance affecting the U.S. residential mortgage industry. MPA supports mortgage banks, non-banks, service providers and professionals in navigating regulatory and agency rules while supporting business development and expansion.
“I’ve had the pleasure of working with Frank for more than two decades,” said David Spector, Chairman and CEO of PennyMac. “Naming him to the Advisory Board of MPA is a testament to their commitment to excellence and foresight in the residential mortgage industry. The addition of Frank to the MPA team is not just a win for their organization, but a significant stride forward for the entire mortgage industry.”
Pallotta began his career with Goldman Sachs covering the nation’s largest banks. He subsequently joined Donaldson, Lufkin & Jenrette (DLJ), a U.S. investment bank, in 1996 and contributed to the launch of a mortgage origination franchise. In 2000, Credit Suisse acquired DLJ and Frank was chosen to head a sales effort and expand the business to include a correspondent conduit sales team that covered nearly 200 banks.
In 2003, Pallotta joined Morgan Stanley where he led a team tasked with acquiring loans from more than 300 institutions around the US and was appointed co-head of Morgan’s correspondent conduit.
After leaving Morgan Stanley, Frank helped launch specialty finance company, Loan Value Group LLC of Rumson, New Jersey.
In 2008, Frank founded Steel Curtain Capital Group a residential advisory firm. Frank most recently formed SC Canadian Mortgage Group, a specialty finance company focused on aggregating and securitizing Canadian residential assets.
“Mortgage Policy Advisors, is pleased to be adding an individual with the talent and experience needed to successfully enhance our business and meet our goals for growth and client satisfaction,” said Ed Delgado, Managing Director and Co-Founder of MPA. “We fully expect Frank will be an asset in the years to come—that allows us to provide our clients the solutions and keen insights to grow their business.”
