MORPAC Honors Deitch with Distinguished 2016 Schumacher-Bolduc Award

Van Raaphorst, Rob rvanraaphorst@mba.org

October 24, 2016

BOSTON--The Mortgage Bankers Association Political Action Committee (MORPAC) awarded James Deitch, CMB, CEO of Teraverde Financial, with its 2016 Schumacher-Bolduc Award here at the association's Annual Convention and Expo.

The award recognizes Deitch's outstanding work on behalf of MBA's political advocacy programs and the mortgage lending industry.

"Jim's dedication to advancing the real estate finance industry has been demonstrated by his ongoing commitment to MORPAC, MBA and MBA's Opens Doors Foundation," said MORPAC Chairman Jamie Korus. "He has worked for years to make sure his company and colleagues are at the forefront of industry advocacy and has been incredibly effective in helping to increase participation in both MORPAC and MAA. Additionally, he has been among the most willing to support individual pro-real estate finance industry candidates."

The award is named in honor of two distinguished professionals in MORPAC's history: Ernest Schumacher, founder and first Chairman of MORPAC; and Mark Bolduc, whose exemplary service as MORPAC Director helped the PAC to become the political force it is today.

Deitch has been a MORPAC advocate and personal contributor for nearly a decade. He is a critical member of the MORPAC committee and has run an exceptional advocacy campaign at Teraverde Financial each of the past three years. Deitch has also been deeply involved with MBA, including as a past member of its Residential Board of Governors, active with the Mortgage Action Alliance and a supporter of the MBA Opens Doors Foundation.

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