| New Mexico Mortgage Finance Authority

MFA Executive Team

Isidoro “Izzy” Hernandez MFA Executive Director/CEO

Isidoro “Izzy” Hernandez, MFA Executive Director/CEO

Isidoro Hernandez joined MFA 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.

A native of Dexter, New Mexico, Hernandez has a bachelor’s degree in finance and real estate from New Mexico State University and an MBA from TOURO University International. He is currently on the board of the FHLB - Dallas Affordable Housing Advisory Committee. He is married to Melinda, and together they’ve built a family of six children and nine grandchildren.

Donna Maestas-De Vries MFA Chief Housing Officer

Donna Maestas-De Vries, MFA Chief Housing Officer

Donna Maestas-De Vries came to the New Mexico Mortgage Finance Authority 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 state’s 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 MFA Chief Lending Officer

Jeff Payne, MFA Chief Lending Officer

Jeff Payne joined 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 MFA’s single-family lending efforts in the Homeownership and Secondary Market departments. Furthermore, he plays a crucial role in overseeing multifamily construction and financing in the Housing Development department, in addition to managing the Information Technology 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 over 30 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 Board of Directors for Greater Albuquerque Habitat for Humanity. He holds a bachelor’s degree in business management with an emphasis in finance from Brigham Young University.

Arundhati Bose MFA Chief Financial Officer

Arundhati Bose, MFA Chief Financial Officer

Arundhati Bose joined the New Mexico Mortgage Finance Authority as its chief financial officer in September 2023. As CFO, she is responsible for the MFA Finance 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 President, Centinel Bank of Taos

Angel Reyes, Chair, President, Centinel Bank of Taos

Angel Reyes has been the president of Centinel Bank of Taos since 2003. Prior to that time, he served as the bank’s chief financial officer for five years. Born and raised in Taos, Mr. Reyes graduated from the New Mexico Military Institute as the ranking cadet. He completed undergraduate studies at the University of New Mexico’s Anderson’s Schools of Management and received his graduate degree from the Graduate School of Banking at the University of Colorado.

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

Raúl Torrez, Attorney General

Raul Torrez was sworn in as New Mexico's 32nd Attorney General on January 1st, 2023. He previously served as Bernalillo County's District Attorney for six years, as a former Federal Prosecutor, Assistant United States Attorney, Assistant Attorney General and Assistant District Attorney and previously served as a Senior Advisor in President Obama's Department of Justice.

Raul graduated from Harvard University, went on to receive a Master's Degree from the London School of Economics and attained his law degree from Stanford University. Raul was born and raised in Albuquerque, where he currently lives 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 Chief Executive Officer, AMERIND Risk

Derek Valdo, Vice Chair, Chief Executive Officer, AMERIND Risk

Derek Valdo has been the chief executive officer of AMERIND Risk since 2012. AMERIND Risk is the only insurance company that is 100 percent tribally-owned. An enrolled member of Acoma Pueblo, Mr. Valdo served for 14 years as a tribal councilman. Mr. Valdo has a bachelor's degree in economics with a minor in management from the University of New Mexico. He serves on the boards of the UNM Anderson School of Management Foundation and the United Way for Central New Mexico. He previously served as chairman of the Acoma Business Enterprises Board of Directors.

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, Treasurer Strategic Planning Consultant

Rebecca Wurzburger, Treasurer, Strategic Planning Consultant

Dr. Rebecca Wurzburger is a strategic planning consultant and award-winning builder. She is also an internationally recognized leader in the creative tourism field and was instrumental in the formation of the UNESCO Creative Cities program. Dr. Wurzburger was a Santa Fe city councilor for 12 years and also served as mayor pro tem. Prior to that, she was the director of the University of California’s Criminal Justice Planning Institute and developed homes for first-time homebuyers in the Los Angeles area. Dr. Wurzburger also served as the construction manager for the Santa Fe Chapter of Habitat for Humanity’s Casas de Escudero project and co-founded the Habitat for Humanity’s Women Build Program. Born in Tupelo, Mississippi and the only member of her family to graduate from high school, Dr. Wurzburger holds a master’s degree in social work from Washington University in St. Louis and a Ph.D. in public administration from University of Southern California.

Term: 3/18/2023 - 1/1/2026

Howie Morales Lieutenant Governor

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

Laura M. Montoya, State Treasurer

Laura M. Montoya was sworn into office on January 1, 2023 as the first female State Treasurer of New Mexico and the first Latina State Treasurer in the U.S. Montoya was born, raised and educated in Northern New Mexico, earning her bachelor’s degree in Political Science and Psychology with a minor in Sociology and her master’s degree in Public Affairs from New Mexico Highlands University.

Serving New Mexico for more than two decades in federal, state, tribal and local government, she worked under U.S. Senator Jeff Bingaman, Treasurer Douglas M. Brown, and Treasurer James B. Lewis, and was elected to two terms as Sandoval County Treasurer. Montoya has worked in several capacities in both the New Mexico House of Representatives and the New Mexico Senate, in addition to serving as the vice-chair of Finance, Pensions and Intergovernmental Affairs, chair of the Next Generation of Young Elected Officials, and several other boards and committees. She is an advocate for financial literacy and teaches finance and treasury classes to county and city employees, elected officials, and union members.

2055 South Pacheco St., Suites 100 and 200, Santa Fe, NM 87505
Phone: (505) 955-1120
Term: Ex-officio elected 2022

Patricia A. Sullivan, PhD Associate Dean, New Mexico State University College of Engineering

Patricia A. Sullivan, PhD, Associate Dean, New Mexico State University College of Engineering

Dr. Patricia A. Sullivan serves as associate dean in the College of Engineering at New Mexico State University with a joint appointment as Director for Strategic Initiatives in the Office of the Chancellor. Dr. Sullivan received her PhD in industrial engineering, a master’s degree in economics and a bachelor of science, all from New Mexico State University. Currently, Dr. Sullivan serves on the Western Interstate Commission for Higher Education, is a founding board member for Enchantment Land Certified Development Company, and has been actively involved in the Mortgage Finance Authority as a past board member and current member of the tax allocation review committee.

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

2023 MFA Board Members Annual Disclosure Statements

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2024 MFA Board Member Disclosure Statements