Nexbank senior vice president Mary Pirrello has taken on the responsibilities of president of the Texas Mortgage Bankers Association (TMBA) for the 2016 to 2017 time period. After being appointed to the presidency, Pirrello initiated her one year term on May 3, 2016.
Pirrello’s more than twenty years of industry expertise take in being an active board and committee member of the TMBA for almost ten years.
NexBank’s Mary Pirrello Appointed President of the Texas Mortgage Bankers Association
In addition, Pirrello has been active in the National Mortgage Bankers Association where her efforts included the association’s political action committee. She was named a Future Leader and in 2010 accepted the TMBA’s James Wooten Scholarship award.
The TMBA, which reinforces the top business and principled standards among its members, focuses on advances in the Texas real estate finance industry.
Members include mortgage financiers, mortgage advisers, title companies, lawyers and other real estate insurance providers.
In her position with Nexbank, Pirrello focuses on company expansion as well as administering affiliations for the national warehouse lending division. Through that division clients can make capital sources happen for existing lines of credit as well as new lines of credit.
Headquartered in Dallas and founded in 1922, Nexbank works with companies, individuals and institutions in Texas. The financial services company focuses on three essential areas of banking, commercial, mortgage and investment banking.
Earlier this year, Nexbank reported strong fourth quarter and full year 2015 results, specifically a 48 percent growth over the previous year of year-end total assets of $2.72 billion. Total loans increased 42 percent last year to $1.97 billion while total deposits grew 32 percent year-over-year, reaching $1.88 billion.
Nexbank executives pointed out the company achieved maximum levels of earnings, assets, loans and deposits for a fourth consecutive year.