GENERAL SESSION: FASB Update

Vice President, Financial Management, Tax and Accounting Policy, Mortgage Bankers Association

Fran Mordi joined the Mortgage Bankers Association in May of 2017 after 20 years of post-Law school experience in the areas of tax and accounting. Prior to joining MBA, Fran worked at the American Bankers Association and Deloitte Tax, LLP on domestic and international tax issues impacting the financial services industry. Fran has specific expertise in putting together training sessions and presenting at bank tax conferences and panels. Fran has extensive experience working with the banking regulators, FASB, the Treasury and Congress as an advocate of the financial services industry. Fran holds a J.D. from New England Law School, Boston, MA, and an LL.M in Taxation from Georgetown University Law School, Washington, DC.

Chief Financial Officer, Stockton Mortgage Corporation

Robert Truitt joined Stockton Mortgage as Chief Financial Officer in March of 2023. In this role he oversees Accounting, Finance, Capital markets and Human Resources. As CFO, he helps shape the company’s direction and strategy by providing critical assessments of its financial strengths, potential risks, and opportunities, and works with the executive team to realize strategic objectives and maximize market execution. Additionally, Rob is the incoming chair of the Accounting & Financial Management subcommittee of the MBA and serves on the Residential Board of Governors (RESBOG) Advisory Committee. Rob brings more than a decade of industry experience to his role, having served in senior leadership roles at IMB’s and several Fortune 500 companies. He most recently served as CFO of Amerifirst where he oversaw the accounting, finance, capital markets and loan servicing functions. Prior to Amerifirst, Robert was the CFO of Flagstar Bank’s Mortgage Division. There, he directed financial reporting, budgeting, forecasting, and strategic business intelligence for a network of 88 retail locations and a wholesale network of approximately 2,000 third-party mortgage originators. Before that, he served as Senior Vice President at Citizens Bank and held senior roles at JPMorgan Chase & Co. and Morgan Stanley. He holds a Master of Business Administration (M.B.A.) focused in finance from the University of Connecticut and a Bachelor of Arts in economics from Ramapo College of New Jersey.

Assistant Dir., Research and Technical Activities, Financial Accounting Standards Board (FASB)

Alex Casas is an assistant director of research and technical activities at the Financial Accounting Standards Board (FASB). In this role, he provides strategic and technical oversight of projects that analyze technical accounting issues and recommend solutions that contemplate the needs of financial statement users as well as related implementation considerations. Before joining the FASB Staff, Alex accumulated 14 years of financial services industry experience in the banking and insurance sectors. Most recently, he served as the global head of accounting policy for a global systemically important bank, where he led an international team of accounting professionals advising on a wide range of complex transactions, new product developments, strategic initiatives, and accounting standards