GENERAL SESSION: State Enforcement – Insights from Utah Attorney General Derek Brown

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.

Utah Attorney General

Attorney General Derek Brown discovered his passion for public service early in his career. He earned a Bachelor of Arts in English from Brigham Young University, complemented by minors in business administration and music. Afterward, he accepted an offer to attend law school. However, he and his wife, Emilie, embarked on a transformative journey by deferring their travel for a year. Upon their return, Derek embraced opportunities as an intern at the Utah Legislature and at the Office of the Utah Attorney General under Jan Graham. Importantly, this laid the groundwork for a meaningful career dedicated to serving others. Attorney General Derek Brown moderates a panel at the National Association of Attorneys General conference. Attorney General Brown’s journey embodies determination and excellence. As editor-in-chief of the Pepperdine Law Review at Pepperdine Law School, he laid the foundation for a remarkable career. Then, graduating in 2000, he honed his skills by clerking for Ruggero Aldisert, the esteemed former chief judge of the U.S. Third Circuit Court of Appeals. His passion for justice continued while he practiced litigation and appellate law with Mayer Brown. Meanwhile, he continued to forge a path dedicated to making a difference. In 2002, Mike Lee, who would later become a senator from Utah, recognized Attorney General Brown’s potential. Sen. Lee then recruited him to practice constitutional and appellate law at Sidley Austin, where he flourished until 2004. After this pivotal period, Attorney General Brown served as legal counsel to Senator Bob Bennett from 2004 to 2006. And then he served as counsel to Senator Orrin Hatch from 2006 to 2007, contributing his expertise to the nation’s governance. Transitioning back to the private sector, Attorney General Brown embraced the opportunity to teach communications law as an adjunct professor at Brigham Young University, shaping the minds of future leaders. In 2010, he took on the honor of representing House District 49 in the Utah House of Representatives, making a difference in his community.