Kurt Pfotenhauer, mortgage and title trade chief, dies

Kurt Pfotenhauer, a longtime chief within the mortgage and title trade, has died, First American Monetary stated in an announcement. He was govt vp and vice chairman of the corporate.

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“Kurt might be remembered not just for his skilled achievements, but additionally for the kindness and integrity he confirmed to everybody he encountered,” the assertion from Mark Seaton, First American’s CEO, stated.

“His capability to attach with individuals and uplift these round him is a testomony to who he was and the profound impression he made on so many. He might be sorely missed by all who knew him.”

Whereas First American didn’t disclose the reason for dying, a LinkedIn put up from Mark Malloy, CEO of Sage House Loans stated Pfotenhauer handed away on Jan. 21 after a battle with pancreatic most cancers.

Pfotenhauer graduated from Notre Dame in 1982, his LinkedIn profile stated. He would then go on to obtain a Grasp of Arts in Faith for theology at Yale.

In 1997, Pfotenhauer grew to become chief of workers for Sen. Gordon Smith, R.-Oregon. He would move on to the Mortgage Bankers Association in 2002 as senior vp for coverage and authorities affairs.

On the time of his passing, Pfotenhauer was on the MBA Board of Administrators. He was additionally a member of the ICE Mortgage Providers Board of Administrators and the Housing Coverage Council’s govt committee.

Between 2007 and 2011, Pfotenhauer was the CEO of the American Land Title Affiliation, earlier than leaving the role to join First American.

“Kurt Pfotenhauer’s impression on ALTA and the broader title insurance coverage trade was transformational,” present ALTA CEO Chris Morton stated in an announcement. “His ardour for advocacy, his strategic imaginative and prescient throughout difficult market cycles and his deep perception within the worth of title professionals and our trade helped form ALTA into the robust, revered affiliation it’s right now.”

What Pfotenhauer did because the CEO of ALTA was profound for the group, added Marx Sterbcow, a mortgage trade compliance lawyer.

“He actually catapulted the group to report progress and actually established nationwide legitimacy,” Sterbcow stated.

Pfotenhauer was on a parallel path with another mortgage industry leader, the late Dave Stevens, the previous Federal Housing Administration commissioner, who then went on to helm the MBA, he added.

Pfotenhauer “was extensively revered all through your entire mortgage trade,” in addition to on Capitol Hill and numerous state occasions, Sterbcow stated.

“He commanded consideration and folks listened to him,” Sterbcow stated. “He was a really proud advocate of the trade.”

Past his skilled positions, Pfotenhauer was concerned in a number of mortgage trade roles, together with beforehand having chaired Merscorp, the MBA’s political motion committee (MORPAC) in addition to the Mortgage Trade Requirements Upkeep Group (MISMO).

“Kurt was an trade icon, buddy and mentor to numerous mortgage bankers, an eloquent voice for the significance of what we do, and a person of deep and abiding religion,” Bob Broeksmit, president and CEO of the MBA stated in an announcement. “He leaves a void all of us should aspire to fill.”

Pfotenhauer is survived by his spouse Nancy, together with youngsters and grandchildren, the First American assertion stated.

“Kurt’s biggest pleasure got here from his religion and household,” Seaton stated. “He usually spoke of the love and satisfaction he felt for his household, and this deep dedication was evident in all features of his life.”