Jamie Cavanaugh Named CEO of Broker Action Coalition

Jamie Cavanaugh, a seasoned executive with three decades in the mortgage industry, has been appointed the new CEO of the Broker Action Coalition (BAC). The Washington D.C.-based organization, which advocates for independent mortgage brokers in national policy discussions, announced the leadership change on Monday. Cavanaugh will maintain her position as CEO of reAlpha Mortgage while simultaneously leading BAC, aiming to expand the coalition's reach, resources, and influence.

Cavanaugh expressed her commitment to building upon BAC's existing advocacy efforts, emphasizing the need for a stronger voice for the mortgage broker channel. Her appointment comes at a critical time for independent brokers, who are navigating increased regulatory scrutiny from the Consumer Financial Protection Bureau, evolving guidance on compensation, and ongoing congressional debates concerning credit reports and data privacy.

Brendan McKay, BAC's president and co-founder, will continue in his role, working alongside Cavanaugh. McKay will focus on policy, advocacy, and industry relationships, while Cavanaugh will concentrate on organizational strategy, growth, and resource development. Cavanaugh succeeds Rachel Clark, who is stepping down as executive director after years of involvement with the organization.