Donald G. Calcaterra, Jr., CMB
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Donald G. Calcaterra, Jr., CMB, AMP
MBA's Michigan Ambassador
President of Local Lending Group LLC ("LLG"), a privately-held mortgage banker headquartered in Troy, Michigan, that originates and services mortgage loans and land contracts, primarily in the Midwest. LLG also provides mortgage fulfillment and advisory services to credit unions and community banks. LLG is a wholly-owned subsidiary of First Equity Realty Corporation ("FERC") of which he is Chairman.
Don is currently serving as Vice Chairman on the State of Michigan Mortgage Industry Advisory Board and on the Board of Directors of OSB Community Bank. He is a former member of the Mortgage Association of America's (MBA) Residential Board of Governors and is active on the MBA servicing, legal issues, advocacy, IMB, and state and local affairs committees. He sits on the legal and regulatory committee of the Michigan Mortgage Lenders Association.
He is a founding member of America's Mortgage Cooperative (AMC), the Community Mortgage Banking Project (CMBP), and the Community Home Lenders Association (CHLA) - organizations committed to advancing issues for local and regional mortgage bankers. He was a member of the Michigan Foreclosure Task Force and the City of Detroit Foreclosure/Neighborhood Revitalization Task Force.
Don is the former President of Towne Mortgage Company ("Towne"), a family-owned, full-service mortgage banker. AmeriCU Mortgage operated as a dba of Towne providing mortgage service to 120 credit unions and community banks. Towne was sold in October 2014 and Don left the company in March 2016.
Prior to joining Towne, Don was a CPA at Coopers & Lybrand where he supervised audits of mortgage lenders, community banks and real estate development companies.
Don received a Bachelor of Science degree in Accountancy from Villanova University, completed the National Association of Realtors' Certified Commercial Investment Member (CCIM) coursework and is a graduate of the Mortgage Bankers Association (MBA) School of Mortgage Banking. He holds the MBA Accredited Mortgage Professional (AMP) and Master Certified Mortgage Banker (CMB) designations.