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DALLAS, Nov. 15, 2012 (GLOBE NEWSWIRE) -- The Five Star Institute and Wingspan Portfolio Advisors, LLC, jointly announced today that Ed Delgado will rejoin the Five Star organization as CEO and president, effective January 1, 2013. Delgado was the Institute's chief executive from April 2010 to March 2012. He has served as COO of Wingspan Portfolio Advisors since April 2012. During his time with Wingspan, Delgado has remained affiliated with Five Star as chairman of its National Servicing Association (NSA), a nonprofit trade group representing more than 90 percent of mortgage banks in the U.S. He will continue as NSA chairman in addition to his role as the Five Star's CEO and president.
Mark Hulme, chairman of the Five Star Institute, said, "We thoroughly respect the Wingspan brand and what it stands for, and though Ed's tenure with Wingspan has been successful, we look forward to his return to take on a role that's analogous with that of an ambassador for the entire industry—an industry which faces certain transformation and unique challenges. Ed's return to the Five Star Institute is indeed a phenomenal development for our organization."
"We are excited for Ed and look forward to continuing a fruitful relationship with him and Five Star," added Steven Horne, CEO and president of Wingspan. "As anyone who has attended the Five Star Conference can attest, Ed possesses a unique talent as coordinator and host. As a major sponsor of Five Star, we are delighted to get the best of both worlds."
As a life-long mortgage servicing executive and one who easily transcends the boundaries between government and housing, Delgado lends a timely and balanced perspective to the Five Star Institute and its work. In September, as chairman of NSA and COO of Wingspan, Delgado hosted two former U.S. presidents and a former first lady as they spoke to the largest gathering of mortgage professionals in the country at the 2012 Five Star Conference. Prior to joining the Five Star Institute in 2010, Delgado was SVP of government and industry relations at Wells Fargo and was the bank's key representative to the U.S. Department of the Treasury. In conjunction with other industry leaders, he played a pivotal role in the Obama and Bush administrations' efforts to develop mortgage solutions in response to the housing crisis.