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Texas Department of Savings and Mortgage Lending

Residential Mortgage Loan Originators:
Mortgage Industry Advisory Committee (MIAC)

Background and General Information

Meeting Schedule

Current MIAC Members and Contact Information

Background and General Information

Under Section 156.104, of the Texas Finance Code, the Mortgage Industry Advisory Committee was created and is authorized to advise and assist the Department of Savings and Mortgage Lending Commissioner “Commissioner” on issues such as proposing and adopting rules related to licensing, conduct and ethics, forms, interpretations, and enforcement. Record votes are taken, by the Committee, in regards to these rules.

The Committee is comprised of six members appointed by the Commissioner. The members must be licensed by the Department as residential mortgage loan originators, two of whom must hold an active real estate broker or salesperson license issued by the Texas Real Estate Commission. In addition to being licensed by the Department, each member must be actively engaged in the business of originating, brokering, or funding residential mortgage loans at the time of appointment, and primarily engaged in the business of originating, brokering, or funding residential mortgage loans for at least two years before the member's appointment.

Criteria for consideration to be a member may include, but are not limited to:

  • No consumer complaints resulting in adverse findings or fault of the candidate.
  • Satisfactory examination/inspection rating.
  • No adverse personal or professional reputational concerns exist.
  • Excellent reference checks, both submitted and randomly conducted
    by the Commissioner.
  • Desire and ability to clearly represent the mortgage broker industry as a whole,
    and not special interests or personal agendas.
  • Desire and ability to serve as ambassador for both the agency and the industry
    in all respects.
  • Ability to clearly and concisely communicate and is open to any/all suggestions
    and deals in good faith at all times.

To be a Committee member, a candidate must meet the statutory qualifications and be nominated by a state trade association related to the mortgage industry. The Commissioner conducts interviews with the candidates and appoints the members.

Appointments are made without regard to sex, race, color, age, disability, religion or national origin. Members serve staggered three-year terms, with two terms expiring February 1st of each year. A member whose term is expiring may, upon the request of the Commissioner and the willingness of the member, serve a second term.

The Commissioner may remove a member if the member does not maintain the required qualifications or cannot discharge the member’s duties. In the event of a vacancy during a term, the Commissioner shall fill the position for the unexpired part of the term with a person who meets the qualifications of the position.

The Committee is required to meet at least two times per year, but may meet more frequently as the need arises.

Meeting Schedule

Unless noted otherwise, meetings are held at the Finance Commission building, 2601 N. Lamar Blvd., 3rd Floor Hearing Room and begin at 10:00AM. They are open to the public. Each meeting is published on the Texas Register web site. More information at http://www.sos.state.tx.us/open/index.shtml

Upcoming Meetings*

July 18, 2018

*Subject to change

Current MIAC Members and Contact Information

Member Name
and Qualification
Address Telephone and
Fax Numbers
Michael Morrow
Mortgage Company RMLO
(NMLS # 202873)
2/01/2012 2/01/2018 The Triad Group
(NMLS # 202878)
7826 Purdue
Dallas, Texas 75225
(214) 363-7987
Fax:  (214) 396-3474
Armando Barbosa
Mortgage Company RMLO
(NMLS # 340140)
2/01/2012 2/01/2018 Vision Mortgage Company
(NMLS # 338634)
7800 I.H. 10 West, Suite 112
San Antonio, Texas 78230
(210) 348-0077
Fax:  (210) 348-0542
Alvin Collins Mortgage Banker RMLO
(NMLS #470722) / Real Estate Broker (TREC #272743)
6/7/2011 2/01/2019 Cendera Funding, Inc.
(NMLS # 179242)
3600 Benbrook Highway
Fort Worth, TX 76116
(432) 523-2000
Fax:  (432) 523-6441
Ronald C. Wakefield Mortgage Company RMLO (NMLS # 230924) /
Real Estate Broker
(TREC # 175441)
2/1/2016 2/01/2019 Megamerica Mortgage Group, Inc.
(NMLS #208142)
19210 Huebner Rd., #205
San Antonio, TX 78258
(210) 494-7293
Fax:  (210) 490-5928
Michael Scott Mortgage Banker RMLO
(NMLS # 216603)
1/31/2017 2/01/2020 Capstar Lending LLC
(NMLS # 214411)
6836 Austin Center Blvd. #110
Austin, TX 78731
(512) 459-2400
Fax:  (512) 459-8310

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