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Jamie Cavanaugh named CEO of Broker Action Coalition as regulation shifts
Cavanaugh, who will remain CEO of reAlpha Mortgage, is set to scale the group’s grassroots advocacy in Washington as debates intensify over trigger leads, data privacy, and access to credit.
HousingWire reports that the Broker Action Coalition (BAC) appointed mortgage industry veteran Jamie Cavanaugh as its CEO, while she continues to lead reAlpha Mortgage. The group said Brendan McKay will remain president, and outgoing executive director Rachel Clark is credited with building the BAC’s current foundation.
The organization, which represents independent mortgage brokers and their supporters in national policy discussions, said Cavanaugh will guide BAC through its next phase of growth by expanding its reach, resources, and influence in Washington, D.C.
HousingWire notes that the leadership move comes as independent mortgage brokers face a shifting regulatory landscape. The article cites heightened scrutiny from the Consumer Financial Protection Bureau, evolving guidance on steering and compensation, and ongoing congressional debates involving credit reports, data privacy, and trigger leads.
BAC said its grassroots approach is designed to bring brokers directly into the policymaking process through congressional meetings, coalition building, and campaigns focused on issues such as trigger leads. The article also says the group’s multiyear effort to end what it describes as abusive trigger lead practices produced hundreds of meetings, though the text cuts off before providing additional specifics.