Our Team
MFA Executive Team
Isidoro Hernandez
Executive Director/Chief Executive Officer
Isidoro Hernandez came to the New Mexico Mortgage Finance Authority in 1992 as the organization’s management trainee. Over the next 30 years, Hernandez worked in every area of the organization and held a variety of positions, including the director of single-family programs and the community development department, as well as the deputy director of programs. In December 2019, Hernandez was named as MFA’s sixth executive director, bringing a wealth of experience and institutional knowledge to the position.
In addition to his work at MFA, Hernandez served in the New Mexico Army National Guard for 32 years, retiring as a colonel in 2016. He attended the Senior Service College (aka War College), had two deployments and commanded as many as 1,000 soldiers at the brigade level.
Hernandez was raised in Dexter, New Mexico, has a bachelor’s degree in finance and real estate from New Mexico State University and a Master of Business Administration from TOURO University International. He served on the National Council of State Housing Agencies Board and is currently a member of the Federal Home Loan Bank Dallas Affordable Housing Advisory Committee and a member of the Opportunity Enterprise & Housing Development Review Board. He is married to Melinda, and together they have built a family of six children and nine grandchildren.
Donna Maestas-De Vries
Chief Housing Officer
Donna Maestas-De Vries joined New Mexico Mortgage Finance Authority (MFA) in March 2020 as the organization’s chief housing officer. She oversees MFA’s Asset Management, Community Development, Compliance & Initiatives, and Communications & Marketing Departments.
Before coming to MFA, Maestas-De Vries was appointed as the director of the property tax division and tribal liaison for the New Mexico Taxation and Revenue Department. Prior to that, she worked at the New Mexico Department of Finance and Administration as acting director and deputy director of the state board of finance and equal employment opportunity officer. She also served for three years as a senior public lending officer for the New Mexico Finance Authority.
Maestas-De Vries worked for more than two decades in residential and commercial real estate in California before coming to New Mexico. She was also the project manager for a large multifamily development project in San Diego. Maestas-De Vries earned a bachelor’s degree from the University of California, San Diego with a major in psychology and minors in physics and mathematics.
Jeff Payne
Chief Lending Officer
Jeff Payne joined the New Mexico Mortgage Finance Authority (MFA) in February 2017 as senior director of mortgage operations. Payne initially led the homeownership and servicing departments and played a pivotal role in establishing the secondary market department.
Currently serving as the chief lending officer, Payne is responsible for leading the single-family lending efforts in MFA’s Homeownership and Secondary Market Departments. Furthermore, he plays a crucial role in overseeing multifamily construction and financing in MFA’s Housing Development Department, in addition to managing MFA’s Information Systems Department.
Prior to joining MFA, he served as manager of single-family mortgage lending originations for a major national bank in central and northern New Mexico. He has worked in the mortgage industry for nearly 40 years, with experience in single-family mortgage origination, underwriting, loss mitigation, construction, and development lending.
He also previously served as president for one year of a three-year term on the Greater Albuquerque Habitat for Humanity Board of Directors. He holds a bachelor’s degree in business management with an emphasis in finance from Brigham Young University.
Arundhati Bose
Chief Financial Officer
Arundhati Bose joined the New Mexico Mortgage Finance Authority (MFA) as its chief financial officer in September 2023. As CFO, she is responsible for the MFA Finance, Accounting and Servicing Departments.
Bose’s journey began at MFA in 1992, where she initially served in the bond financing area. After an eight-year tenure, she ventured into the strategic finance and financial disclosure realms at Public Service Company of New Mexico, lending her expertise to a corporate merger along the way.
For over 20 years, Bose made invaluable contributions at Gap Inc., wearing various hats that spanned budgeting, forecasting, sensitivity analysis, inventory management, addressing global supply chain challenges, as well as real estate occupancy accounting management. Bose’s proficiency extends to global process development, where she played an integral role in developing internal controls and optimizing processes for Gap Inc.’s Japan business unit.
Bose holds a Master of Science in Economics from the University of Calcutta in Calcutta, India, in addition to a Master of Business Administration in finance and accounting and a post-MBA certification in human resources from the University of New Mexico.
Board of Directors
Angel Reyes, Chair
Centinel Bank of Taos Chairman, CEO/President
Angel Reyes serves as Centinel Bank’s Chairman, CEO and President. He has served as president since 2003 and as chairman and CEO since 2017. Mr. Reyes was the ranking cadet of New Mexico Military Institute and went on to pursue his undergraduate studies at the University of New Mexico Anderson School of Management. Adding to his educational accomplishments, Mr. Reyes obtained a graduate degree from the University of Colorado Graduate School of Banking. In addition to his leadership at Centinel Bank, Mr. Reyes has actively contributed to the banking industry as a board member of the New Mexico Bankers Association, Independent Community Bankers of NM, Federal Home Loan Bank Advisory Committee and FDIC Minority Depository Institutions Subcommittee of the Advisory Committee on Community Banking. His valuable insights and expertise have influenced the industry’s landscape, further solidifying his reputation as a respected figure in the financial sector. Furthermore, he has demonstrated his commitment to the betterment of the Taos community by serving as the chair of the Taos Community Foundation, where he has worked diligently to support local initiatives and foster positive change.
512 Paseo del Pueblo Sur Taos, NM 87571
Phone: (575) 758-6770, Fax: (575) 758-6712
Term: 1/2/2021 - 1/1/2025
Raúl Torrez
Attorney General
As the state’s chief legal officer, Attorney General Raúl Torrez is attacking New Mexico’s generational challenges with a commitment to innovation and common-sense solutions. From protecting consumers and the environment to defending our constitutional rights and standing up for children, Attorney General Torrez believes in advancing new ideas and bold public leadership to the issues confronting New Mexico and the nation.
A graduate of Harvard University, the London School of Economics, and Stanford Law School, Attorney General Torrez previously served as Bernalillo County District Attorney and resides in Albuquerque with his wife Nasha and their two children.
408 Galisteo Street, Villagra Bldg., Santa Fe, NM 87501
Phone: (505) 490-4060
Term: Ex-officio elected 2022
Derek Valdo, Vice Chair
AMERIND Chief Executive Officer
Derek Valdo has held the position of chief executive officer at AMERIND since 2012. AMERIND stands out as the sole insurance company that is entirely Tribally owned. As an enrolled member of Acoma Pueblo, Mr. Valdo brings a wealth of experience, having served as a Tribal council member for a commendable 14 years and one year as a spiritual leader. Mr. Valdo’s educational background includes a bachelor’s degree in economics with a minor in management from the University of New Mexico and a Master of Business Administration from New Mexico Highlands University. Derek Valdo’s leadership as AMERIND CEO, coupled with his Tribal experience, exemplifies his profound understanding of the insurance industry and the unique needs of Tribal communities. His educational accomplishments and involvement in various boards reflect his dedication to enhancing business practices and supporting community initiatives in central New Mexico.
502 Cedar Drive Santa Ana Pueblo, NM 87004
Phone: (505) 404-5000, Fax: (505)404-5001
Term: 3/18/2023 - 1/1/2027
Rebecca Wurzburger
Strategic Planning Consultant
Rebecca Wurzburger brings over 50 years of academic, public service, and community development leadership to MFA. Her diverse expertise includes strategic planning curriculum design, futures research and emerging issues analysis, general contracting and development, and non-profit board service. Ms. Wurzburger's master’s degree in social work and doctorate in public administration guided her 12 years of service as Santa Fe City Councilor and Mayor Pro Tem. Highlights of that service included her playing a primary role in focusing Santa Fe's economic development plan upon the creative tourism industry sector. Her political leadership was central to Santa Fe's successful application to UNESCO Creative Cities Network, construction of the Buckman Water Diversion, garnering support for Santa Fe's Convention Center and passage of Santa Fe's Living Wage.
Throughout her public service and private careers, Ms. Wurzburger has been deeply involved in advocacy efforts and community housing initiatives to develop safe and affordable housing options for individuals and families in need. Her first construction experience in New Mexico was her acting as Santa Fe Habitat for Humanity's Construction Manager for give single-family homes. Her personal experience of homelessness as a child shines an important light on Member Wurzburger's strong theoretical and practical understanding of the complexities of governance and community development. Making a strategic, quantifiable difference in increasing the housing supply in New Mexico remains a primary personal goal for her MFA Board service.
Term: 3/18/2023 - 1/1/2026
Howie Morales
Lieutenant Governor
Lt. Gov. Howie Morales was raised in Silver City, New Mexico. As a teenager, he worked to help support his family and was the first in his family to attend college. He earned both a bachelor’s and master’s degree in bilingual special education from Western New Mexico University, and attained a doctorate from New Mexico State University. Lt. Gov. Morales taught special education in Silver City and in the Cobre School Districts and was a high school baseball coach. He was elected to the office of county clerk in Grant County in 2005, where he oversaw the modernization of the county’s voting systems. In 2008, Lt. Gov. Morales was appointed to fill the state legislative seat formerly held by Sen. Ben. Altamirano. Later that year, he ran for and won the seat. During his time as a state senator, he served on the Legislative Finance Committee and worked to improve New Mexico’s public education system. He was elected to the office of Lieutenant Governor of New Mexico in November, 2018.
State Capitol Building, Room 417 Santa Fe, NM 87501
Phone: (505) 476-2250
Term: Ex-officio elected 2018
Laura M. Montoya
State Treasurer
Treasurer Laura M. Montoya is a trailblazer who broke barriers on January 1, 2023, as New Mexico's first female State Treasurer and the first elected Latina State Treasurer in the United States. Raised and educated in Northern New Mexico, Treasurer Montoya’s upbringing instilled in her a deep commitment to service, community, and policy work. While earning a master’s degree, Treasurer Montoya worked as a Constituent Services Representative for U.S. Senator Jeff Bingaman. She has worked in various roles within the New Mexico Legislature as well as for State Treasurers Douglas M. Brown and James B. Lewis. Treasurer Montoya has dedicated the entirety of her career to serving New Mexicans at the federal, state, tribal, and local levels with dedication, commitment, and skill.
During her two-term tenure as the elected Sandoval County Treasurer, she implemented effective internal controls and policies leading to commendable audit outcomes and a tax collection rate of 99.37%. As Legislative Chairwoman for the Treasurers Affiliate, Treasurer Montoya led the passage of over 20 pieces of legislation which reformed the tax structure to make it fairer, simpler, and more equitable, supported veterans, seniors, and New Mexicans with disabilities, and expanded the permissibility of investments in New Mexico for Class A counties and municipalities within Class A counties.
Treasurer Montoya served as Vice Chair of Finance, Pensions, and Intergovernmental Affairs for the National Association of Counties, reflecting her dedication to shaping sound fiscal policies. She holds bachelor’s degrees in political science and psychology with a minor in sociology, a master’s degree in public affairs, and numerous professional certifications, including Certified Treasury Official, Certified Public Official, and Certified Public Manager. Montoya’s extensive education, alongside her passion for financial literacy, drives her to teach finance and treasury classes to county and city employees, elected officials, and union members as well as push for financial literacy as a graduation requirement in all New Mexico schools.
Treasurer Montoya works tirelessly to bridge the gap of inequity through various initiatives, including outreach for financial literacy, the New Mexico State Treasurer’s Achieving a Better Life Experience (NM STABLE) program, Baby Bonds, and thoughtful discussions on implementing Diversity, Equity, and Inclusion (DEI) strategies in New Mexico and nationally. Her dedication ensures that financial policies and practices pave the way for a more equitable and inclusive future for all New Mexicans. Currently, Treasurer Montoya manages a $17 billion portfolio. In addition, she sits on 13 boards, councils and commissions that collectively manage over $110 billion. Her fierce and savvy leadership continues to ignite positive change, uplifting community and advancing New Mexico forward. The Treasurer is proud to be the daughter of Councilman L. Michael and Geralyn Montoya of Las Vegas, NM.
2055 South Pacheco St.,
Suites 100 and 200,
Santa Fe, NM 87505
Phone: (505) 955-1120
Term: Ex-officio elected 2022
Patricia A. Sullivan, Ph.D.
New Mexico State University College of Engineering Associate Dean
Patricia A. Sullivan holds a prominent role as an associate dean in the New Mexico State University College of Engineering and as the NMSU Director for Strategic Initiatives. Dr. Sullivan obtained a doctorate in industrial engineering, a master’s degree in economics and a bachelor’s degree in biology, all from New Mexico State University. She actively engages in various organizations and initiatives, showcasing her commitment to the advancement of higher education and statewide workforce development. Notably, she serves as a member of the Western Interstate Commission for Higher Education, contributing her valuable insights and perspectives to this influential organization. Additionally, Dr. Sullivan leads a five-state regional effort for the U.S. Environmental Protection Agency and U.S. Department of Energy to expand human and financial resource capacity for the advancement of community-based environmental and energy justice initiatives. With her active involvement in the New Mexico Mortgage Finance Authority as a board member, Dr. Sullivan exemplifies her passion and commitment for making a positive impact in the community.
New Mexico State University - College of Engineering
Engineering Complex 1
1025 Stewart Street
Las Cruces, NM 88003
(575) 646-2913
Term: 10/28/2021 - 1/1/2024
Legislative Oversight Committee
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2024 Legislative Oversight Committee
- Senator Nancy Rodriguez, Chair (D) | Santa Fe
- Representative Eliseo Lee Alcon, Vice Chair (D) | Cibola and McKinley
- Representative Meredith A. Dixon (D) | Bernalillo
- Senator Roberto "Bobby" J. Gonzales (D) | Los Alamos, Rio Arriba, Santa Fe and Taos
- Representative Rod Montoya (R) | San Juan
- Senator Michael Padilla (D) | Bernalillo
- Representative Angelica Rubio (D) | Dona Ana
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Advisory Members
- Representative Janelle Anyanonu (D) | Bernalillo
- Senator Gregory A. Baca (R) | Bernalillo and Valencia
- Representative Cynthia Borrego (D) | Bernalillo
- Representative Ambrose Castellano (D) | San Miguel and Torrance
- Representative Kathleen Cates (D) | Bernalillo and Sandoval
- Representative Harry Garcia (D) | Bernalillo, Cibola, McKinley, San Juan, Socorro and Valencia
- Representative Tara L. Lujan (D) | Santa Fe
- Senator Mark Moores (R) | Bernalillo
- Senator Gerald Ortiz y Pino (D) | Bernalillo
- Representative Andrea Romero (D) | Santa Fe
- Representative Patricia Roybal Caballero (D) | Bernalillo
- Representative Luis M. Terrazas (R) | Catron, Grant and Hidalgo