Mortgage

Finance of America CEO on changes in mortgage industry

For today’s HousingWire Daily, Finance of America Companies CEO Patti Cook joins us for another episode of the Women of Influence series that spotlights the latest accomplishments of our award winners. As a 2021 Woman of Influence, Cook has been a pioneer in financial services since her earliest days in the industry. Over the course of her career, Cook has held executive roles at numerous companies, including Prudential, JPMorgan Chase, and Freddie Mac.

Cook shares her personal journey for how she got into the mortgage industry, as a woman in the finance space who has risen to the highest level of her business. She also addresses one of her most notable accomplishments — taking the company public in the midst of a global pandemic. 

Now, as CEO, Cook highlights how Finance of America helps advance women into leadership positions and offers other women in the industry advice on how to advance their own careers.

Here is a small preview of the interview, which has been lightly edited for length and clarity:

Brena Nath:  What are you most proud of in your career, and what advice would you give to other women who are looking to rise into leadership positions in the mortgage industry?

Patti Cook: Certainly, from a career perspective, being the CEO of a company, a financial services company, that I was able to take public is just incredible. I even still kind of get goosebumps when I say it, like who knew, right? I never thought I would get there. But at the same time, equally as important to me, I have three grown daughters, five grandchildren, and they are the light of my life. So, if you just stop there and say, like, wow, I’m so proud of being able to have accomplished so much professionally, and so much personally. I have the opportunity at Finance of America to ensure that the things that enabled me to get here are in place for future generations, and hopefully, to continue to be perceived as a leader in someone that’s forging those policies. 

One other bit of advice, along with something that I’m proud of, is this notion of a marathon, not a sprint. I used to say to people, you know, it’s like a report card. When you’re trying to do multiple roles, you can’t necessarily get straight A’s all the time. The thing that you need to do, is you need to take a step back and take stock of how you’re doing overall. How’s your role as a mother, as a wife, as a daughter, as a sister, as a professional? Look at it and say, “Am I happy with the whole package?” Do I give myself an A as to how I’m moving that whole universe of things forward? And I think that perspective is really helpful.

HousingWire’s Women of Influence podcast miniseries spotlights the significant contributions of women who are driving the U.S. housing economy forward, interviewing our honorees over the years on the impact they’re making today. Hosted by Brena Nath and produced by Alcynna Lloyd. If you have a pitch or an inquiry relating to podcasts, you can reach our team at alloyd@housingwire.com. 

Below is the transcription of the interview. These transcriptions, powered by Speechpad, have been lightly edited and may contain small errors from reproduction:

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    HousingWire Daily

    Hosted by the journalists behind the headlines, HousingWire Daily examines the most compelling mortgage, real estate, and fintech articles reported from the HousingWire newsroom.

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