Board of Directors


Dave Herzer

Herzer Financial Services, Inc.
1779 Woodside Rd., Suite 201A
Redwood City, CA 94061

Bus: (650) 363-8003
Fax: (650) 363-8330

David Herzer is President of Herzer Financial Services, Inc, a private money lender and mortgage fund management company which originates and services real estate acquisition and development loans, bridge loans, and residential and commercial loans in the San Francisco Bay area. He has been a licensed real estate broker for 24 years and has held licenses in insurance, Series 7 and Series 24 securities, and variable annuities. He graduated with a Bachelor of Arts degree from the University of California.

Mr. Herzer is currently on the website and membership committees for CMA and has been on educational panels for CMA and CAMB. He is also a member of the Board of Directors for the Menlo Park Rotary, the CK Foundation, and contributes to the Berkeley Food Project, Rebuilding Together, the Kentfield Schools Foundation and several other charities.

David lives in Marin with his wife and two children and enjoys drumming, mountain biking, skiing, little league and water skiing.


Vice President

Elizabeth Knight

PLM Lender Services, Inc.
46 N. Second Street
Campbell, CA 95008

Bus: (800) 829-1585
Fax: (408) 370-5484

Elizabeth M. Knight is President and CEO of PLM Lender Services, Inc., an independent trustee service which specializes in foreclosures, private investor loan servicing, document drawing, fund administration and REO disposal. Ms. Knight is a licensed California real estate broker and has been in the foreclosure and loan servicing field since 1981 and in the real estate field since 1977.

Ms. Knight is a graduate of St. Mary’s College with her Bachelor’s degree in Business Management with a minor in English and an Associate’s degree in Business with a minor in Real Estate.

Ms. Knight currently serves as the Secretary for the United Trustees Association. She is also a court qualified expert in the field of foreclosure and loan servicing.



Michelle Rodriguez

R.C. Temme Corp
21777 Ventura Blvd. #201
Woodland Hills, CA 91364

Bus: (818) 999-2274
Fax: (818) 703-0126

Michelle R. Rodriguez is the in-house counsel and chief compliance officer of R.C. Temme Corporation in Woodland Hills, California. Ms. Rodriguez is licensed as an attorney in California, Wisconsin and Minnesota. Ms. Rodriguez earned a Juris Doctor degree from Hamline University School of Law in Saint Paul, Minnesota, and a Masters degree in Business Administration from the University of Saint Thomas in Saint Paul, Minnesota, and her Bachelor of Arts from the University of Wisconsin- Stevens Point. Ms. Rodriguez is a licensed real estate broker and maintains an NMLS MLO endorsement. Ms. Rodriguez is chairperson of the Dodd-Frank committee of the California Mortgage Association and has presented many courses at that organization’s educational seminars on such topics as the Truth-in-Lending Act, the Real Estate Settlement Procedures Act, and the Dodd-Frank Wall Street Reform and Consumer Protection Act. She has over 13 years experience in the real estate industry.


Richard Selzer

Selzer Home Loans
551 South Orchard Avenue
Ukiah, CA 95482

Bus: (707) 462-4000

Immediate Past President

Mark Forbes

F.E. Forbes Company Inc.
1795 Solano Ave.
Berkeley, CA 94707

Bus: (510) 526-7933
Fax: (510) 526-7976

Mark Forbes is President of F.E. Forbes Company, Inc., since 1990. He is a licensed real estate broker with the NMLS endorsement, and has been involved in conventional and private money lending industries for over 25 years.

Mark has been active in all aspects of his third generation family Company’s continued growth since joining the firm in 1984. He oversees all aspects of Company operations including the real estate investment management group, with primary emphasis in Company’s loan origination of commercial and residential loans for private money trust deed investors.

Mark is active in several professional organizations including serving on the Board of Directors for California Mortgage Association, California Association Mortgage Professionals – East Bay chapter, Commissioner for City of Berkeley Small Business Loan Administration Board, past Board of Director Berkeley Chamber of Commerce, and past President Berkeley Rotary Club. He currently resides in the San Francisco Bay Area with his wife and two teenage children.



Steve Belleville

Real Estate Lending Group, Inc.
1346 The Alameda # 7-211
San Jose, CA 95126

Bus: (408) 421-2422
Fax: (408) 538-9408

Steve Belleville is Co-founder of Real Estate lending Group, Inc and serves as Vice President of the company. In 2006 the company was established to manage two new investment funds; building a portfolio of Notes and Deeds of Trust. Mr. Belleville oversees originations of commercial loans, construction loans and investment property loans. Prior to starting Real Estate Lending Group Inc., Mr. Belleville’s mortgage lending experience involved managing real estate loan production in the San Francisco Bay Area for a medium sized Mortgage Banking company covering three offices (including one net branch.)

Prior to his employment in the mortgage banking industry and the formation of Real Estate Lending Group, Mr. Belleville worked in the computer electronics industry for 18 years and last held the position as Director of a $130M business unit for a fortune 500 company.

Steve Belleville holds a Bachelor of Arts degree in Economics from UCLA and an M.B.A. from Santa Clara University.


Noah Furie

Budget Mortgage Corp.
1849 Sawtelle Blvd., Ste 700
Los Angeles, CA 90025

Bus: (310) 696-4050
Fax: (310) 388-3031

Noah Furie is the CEO and Co-Founder of Budget Finance Company, a Los Angeles based regional niche lender providing residential and commercial loans, and has been a licensed real estate broker for 25 years.

Mr. Furie is a regular speaker at seminars, including the California Mortgage Association and its predecessors where his topics have included Truth in Lending Compliance, Fair Lending and ECOA Compliance, Understanding the Finance Lenders Law and updates on state and federal laws and regulations.

Mr. Furie has been a member of the Legislative Committee of the California Mortgage Association and is Chair of the CMA Legal Resource Center.
He is also a former member of the Real Estate Commissioner’s Real Estate Finance Advisory Committee (REFAC), the Department of Corporation’s Multi Lender and Securities Task Force, and the City of Los Angeles Anti-Predatory Lending Advisory Group and Technical Subcommittee.

Glenn Goldan

ReProp Financial
555 H Street Suite G
Eureka, CA 95501

Bus: (707) 444-7711
Fax: (707) 444-7700

Glenn Goldan is CEO of ReProp Financial, a private small balance commercial mortgage banking company which specializes in blending collateral and credit analysis to fund loans which are just beyond the reach of traditional institutional lenders. Mr. Goldan began his real estate career in 1976 and has successfully owned and operated five real estate brokerage and two property management companies.

Mr. Goldan currently leads the Commercial, Construction and Pool Managers Focus Groups for CMA. Previously, he has served as Vice President and Legislative Chair for the California Trust Deed Broker’s Association and Legislative Chair, Vice President and President for the CMA. He is also a member of the Commercial Mortgage Securities Association.

Glenn, his wife Shelle, and their daughter, Hannah, have been very active members of their community and are especially involved in youth sports, Humboldt Sponsors and Court Appointed Special Advocates (CASA). Glenn currently chairs the Coastal Division Board of Directors for Umpqua Bank, and has served on the Board of Directors of Eureka Rotary and the Eureka Historical Preservation Commission; chaired the Redevelopment Advisory Board for the City of Eureka as well as the Private Industry Council for Humboldt County; and, has been President of the Eureka/Humboldt Economic Development Corporation.

Donald Herbert

Private Funding Solutions, Inc.
5700 Stoneridge Mall Rd., Ste. 275
Pleasanton, CA 94588

Bus: (925) 484-2211
Fax: (925) 484-2310

Charles Hershson

Fidelity Mortgage Lenders, Inc.
11952 Wilshire Blvd.
Los Angeles, CA 90025

Bus: (310) 820-4300
Fax: (310) 447-5697

Charles H. Hershson is President of Fidelity Mortgage Lenders, Inc., a full-service real estate lending firm, and has been a licensed real estate broker since 1965. Previously, Mr. Hershson founded the predecessor company, Fidelity Home Loan Company, Inc., a real estate lending firm specializing in residential equity loans. He is a graduate of the University of Southern California with a B.S. in Real Estate and Finance.

Formerly, Mr. Hershson has served as President of the California Mortgage Association (CMA), President of the Mortgage Association of California (MAC), and President of the California Independent Mortgage Brokers Association (CIMBA). He also has been a member of the Real Estate Finance Advisory Committee appointed by the Commissioner of the California Department of Real Estate.

Mr. Hershson’s numerous community associations include Vice President of The Guardians, which raises funds for the Jewish Home for the Aging, board member of the Jewish Home for the Aging, and board member of the Wellness Community. In addition, he is a member of the Board of Governors for Cedar-Sinai Hospital.


Joffrey Long

Southwest Mortgage
17045 Chatsworth Street, Suite 101
Granada Hills, CA 91344-5845

Bus: (818) 366-5200

Joffrey Long is President of Southwest Mortgage, a lender/broker that makes, arranges, and services non-consumer and consumer real estate loans including both private money and institutional loans. He has been licensed as a real estate broker and active in real estate lending since 1979.

He is a member of the California Mortgage Association (CMA) Education Committee, a Past CMA Education Chair and Past CMA President. He has been a member of CMA’s Board of Directors since 2001. He regularly participates in educational presentations at CMA and is an instructor for continuing education classes required by the Nationwide Mortgage Licensing System (NMLS).

Joffrey frequently serves as an expert witness, providing mortgage expert witness reports, declarations and expert testimony. He has testified in numerous depositions, arbitrations and trials relating to real estate lending, loan servicing, loan brokerage and trust deed investments.

Odell Murry

MAI Financial Services, Inc.
10061 Riverside Drive Suite 747
Toluca Lake, CA 91602

Bus: (818) 761-9400
Fax: (818) 761-9499

Odell Murry has served as the California Mortgage Association’s President, Vice President, Treasurer and Chairperson of the finance committee since 2010 and has been a member of the Association since 2001, responsible for overseeing a number of financial matters, including budget preparation, monthly reports, and annual audits.

Mr. Murry is also the founder and president of MAI Financial Services, Inc., established in 1989, a mortgage banking firm specializing in retail, office, industrial, residential and other types of real estate financing. He holds a California Real Estate Broker License, California Finance Lenders License, and he is licensed by the Nationwide Mortgage License System. His many years of real estate experience include ownership, management, or financing of various commercial, industrial & residential properties. During the early 1990’s his firm also worked as a contractor for the U.S. Treasury Department serving as a real estate asset/property manager for the Resolution Trust Corporation (RTC).

Mr. Murry serves as president of a non-profit foundation and is or has been a member of a number of associations, including the Mortgage Bankers Association, Association of Realtors, California Receivers Forum, Military Officers Association of America (commissioned U.S. Army officer), Vallejo General Hospital (director), and the University of Massachusetts (chairman of executive committee | W.E.B. Du Bois Center).

Previously, Mr. Murry spent two decades in the retail industry as a leading executive with several national and international companies. In 1969 he became the first African American store manager for F.W. Woolworth Company and was one of the youngest general managers of any major national chain. He ended his retail career as President of Gateway Marketplace, an affiliate of The Price Club (later named Costco Warehouse Stores).

Steve Pollack

Anchor Loans, Inc.
5230 Las Virgenes Rd., Ste. 105
Calabasas, CA 91302

Bus: (310) 395-0010
Fax: (310) 395-0130

Stephen Pollack is the Co-Founder of Anchor Loans, a private loan brokerage specializing in rehab loans to non-owner occupants, and has been involved in the real estate business for the past 25 years where he has personally transacted over $950 million in loan business. He graduated from UCLA and received his optometric degree from UC Berkeley.

Dr. Pollack practiced for 10 years during which time he was named Young Optometrist of the Year by the California Optometric Association (COA), served as the President of the San Joaquin chapter of the COA and worked part-time as a Clinical Professor in UC Berkeley’s Contact Lens Clinic.

Dr. Pollack’s community involvement includes being a past director of the United Way of San Joaquin County and Boy’s and Girl’s Club of Stockton. Currently, he sits on the board of Agoura Youth Basketball Association.

Lori Randich

Redwood Mortgage Corp.
1825 S. Grant Street
Suite 250
San Mateo, CA 94402

Bus: (650) 365-5341
Fax: (650) 364-1665

Lori Randich is Vice President of Loan Production and Underwriting at Redwood Mortgage where she’s been employed since 1991. Lori manages all loan origination activities, including marketing, broker relations, underwriting, documentation, quality control and compliance. She graduated with honors from UC Berkeley with a bachelors degree in political science and has over 25 years’ experience in real estate and lending. Lori is a licensed broker by the CA Dept. of Real Estate and is a member of the National Association of Realtors, the California Mortgage Bankers Association and the California Association of Mortgage Professionals. She has published articles on real estate lending and frequently presents topics of interest to the California Mortgage Association as a member of their Educational Committee.

Steve Rexrode

Cushman Rexrode Capital Corporation
1437 Leimert Boulevard, #C
Oakland, CA 94602

Bus: (510) 463-0200
Fax: (510) 463-0202

Pam Sosa

Standard Mortgage Financial Services Inc.
6820 Indiana Avenue, Suite 260
Riverside, CA 92506

Bus: (951) 686-9639
Fax: (951) 686-0361

Pam Sosa is a Past President (2010-2011) of the California Mortgage Association, and owner of Standard Mortgage Financial Services, Inc., a full service Mortgage Broker in Riverside, CA, that primarily arranges loans for nonconforming properties in rural areas of the Inland Empire. She has been a licensed real estate salesperson since 1972 and a broker since 1990.

Ms. Sosa has been in the real estate and mortgage business all of her adult life. Prior to acquiring her current company, Ms. Sosa has worked in the equity lending business with Union Home Loans, Standard Mortgage Company, and Crawford Investment Company.

Richard Temme

Woodland Hills Mortgage Corp
21777 Ventura Blvd., Suite 211
Woodland Hills, CA 91364


Richard Temme is President of R. C. Temme Corporation, a mortgage banker and mortgage broker, located in Woodland Hills, California and has held that position for more than 30 years. He graduated with his doctorate from Upper Iowa University.

Mr. Temme is the past President of the California Mortgage Association and has been Chairman or Co-Chairman of the Education Committee of CMA since 1999. He is also a member of the Board of Directors or President of several other companies in lending-related businesses and served on an advisory committee, at the request of California Real Estate Commissioner, to evaluate and make recommendations for continuing education requirements of Real Estate Licenses.

Mr. Temme has also participated in many litigation assignments as an expert witness in lending related cases.

Rich Wachter

Wachter Investments, Inc.
49 Park Road
Burlingame, CA 94010

Bus: (650) 348-7191
Fax: (650) 348-4116

Richard Wachter is President of Wachter Investments, Inc., a direct private lender engaged in the origination and servicing of loans secured by California Real Estate since 1979. Richard has been a licensed Real Estate Broker since 1984, and member of CMA and its predecessor organizations for over a quarter century. His company website:

Current and past memberships:

  • California Independent Mortgage Brokers Association (CIMBA)
  • Mortgage Institute of California (MI)
  • Mortgage Association of California (MAC)
  • California Trust Deed Brokers Association (CTDB)
  • California Mortgage Association (CMA)
  • California Association of Mortgage Brokers (CAMB)
  • National Association of Mortgage Brokers (NAMB)
  • San Mateo County Association of Realtors (SAMCAR)
  • California Association of Realtors (CAR)
  • National Association of Realtors (NAR)

Legislative Advocates

Michael Arnold

Michael J. Arnold & Associates, Inc.
1127 11th Street Suite 820
Sacramento, CA 95814

Bus: (916) 446-2646
Fax: (916) 446-6095

Michael Arnold is the President and Founder of Arnold & Associates, which represents clients in health care, local government, and mortgage lending. He has represented the California Mortgage Association and its predecessor organizations since 1985. In this role, he has drafted or assisted in the drafting of dozens of laws impacting mortgage lending in California.

Mr. Arnold graduated from UCLA with a Bachelor’s degree in Political Science and a Master’s in Public Administration. He also holds a standard secondary teaching credential and a community college teaching credential.

Prior to founding his firm, Mr. Arnold was the Chief Lobbyist for the League of Cities and worked with the California Medical Association (CMA).

Michael Belote, Esq.

California Advocates, Inc.
925 L Street Suite 1250
Sacramento, CA 95814

Bus: (916) 441-5050
Fax: (916) 441-5859

Michael D. Belote is a legislative advocate with the firm of California Advocates, Inc. in Sacramento, where he represents a variety of association and corporate clients before the California Legislature and provides counsel on legislative and regulatory issues. He graduated from University of California at Berkeley and the McGeorge School of Law in Sacramento.

Previously, Mr. Belote was Vice President-Legislative Counsel for the California Land Title Association working on issues such as insurance regulation, escrow procedures, foreclosure and others. He has also served as Legislative Advocate for the California Association of Realtors, focusing on broker liability, agency, and taxation.

Legal Counsel

Patric J. Kelly

Adleson, Hess & Kelly
577 Salmar Avenue, 2nd Floor
Campbell, CA 95008

Mr. Kelly has been an attorney focusing on the fields of bankruptcy and real estate since 1976. A summa cum laude graduate of Santa Clara University School of Law, he is a senior attorney in and shareholder of the law firm of Adleson, Hess & Kelly, a Professional Corporation. Since 1982, Mr. Kelly has been a speaker at numerous industry seminars, focusing on the subjects of bankruptcy, foreclosure law and related areas and legislation affecting private lenders and foreclosure trustees.

Mr. Kelly and his firm are rated AV® Preeminent by Martindale-Hubbell, Inc., a top national honor. Mr. Kelly has achieved the designation of Northern California “Super Lawyer®“, an award given only to the top 5% of attorneys in Northern California. He is admitted to all courts in the State of California, all California federal district courts, the federal district court for Arizona, the 9th Circuit Court of Appeals, and the United States Supreme Court.

He is the author of numerous articles and the co-author of books relating to the fields of real estate, bankruptcy and foreclosure. In 2010, he co-defended a sixteen cause of action complaint against a lender, after having the case removed to federal court and was awarded $70,000 in attorneys’ fees for the work of the firm in the case. He recently successfully co-litigated a multi-million dollar case in bankruptcy court entitled In re Cecconi (2007) 36 B.R. 83 (a 43-page decision), which was upheld on appeal in the summer of 2009 (9th Cir. 2011 WL 560326 2011). He successfully defended a $3.5M “surplus proceeds” case (2009) and handled related extremely factually complex foreclosure cases involving a $22 million dollar hotel. He has successfully prosecuted or defended numerous appellate cases. He co-authored the successful amicus brief filed on behalf of the California Trustee’s Association in the landmark case of I.E. Associates v. Safeco (1985) 39 Cal.3d 281 and authored the successful amicus brief in the United States Supreme Court case of BFP v. Resolution Trust Corporation 511 U.S. 531 (1994). Among other key and landmark appellate cases for which Mr. Kelly has been engaged and won include: In re Zamani (2008) 390 B.R. 680; Ung v. Koehler (2005) 135 Cal. App. 4th 186; Nguyen v. Calhoun (2003); USA Nutrasource, Inc., v. CNA Insurance Company (2001 N.D.Cal) 140 F.Supp.2d 1049; Prudential Home Mortgage v. Superior Court (1998) 66 Cal.App.4th 1236); Abdallah v. United Savings Bank (1996) 43 Cal.App.4th 1101; Apte v. Japra (In re Apte) 96 F.3d 1319 (9th Cir. 1996); Trustors Security Service v. Title Recon Tracking Service (1996) 49 C.A.4th 592 (amicus); Lindsay v. Beneficial Reinsurance Company 59 F.3d 942 (1995) (amicus brief author); City of Cupertino v. Perry (1988) (unpub); Katz v Peelle Financial (1987) (unpub).

Mr. Kelly is a member of the State Bar of California, the Santa Clara County Bar Association, the American Bankruptcy Institute, the Bay Area Bankruptcy Forum, the San Jose chapter of American Inns of Court, the California Mortgage Association and the United Trustees Association.

Securities Counsel

Brad Rogerson

Hanson Bridgett LLP
425 Market Street, 26th Floor
San Francisco, CA 94105

Executive Director

Teresa Excinia
2520 Venture Oaks Way, Suite 150
Sacramento, CA 95833