JOSEPH BADAL HAS WORKED FOR THE LAST 37 YEARS IN THE FINANCIAL SERVICES INDUSTRY, RETIRING IN 2007 AFTER 6 YEARS AS CEO OF THORNBURG MORTGAGE HOME LOANS, INC. AND AS CHIEF LENDING OFFICER, SENIOR EXECUTIVE VICE PRESIDENT AND A DIRECTOR OF THORNBURG MORTGAGE, AN NYSE-LISTED COMPANY WITH $57 BILLION IN TOTAL ASSETS. HE BUILT THORNBURG MORTGAGE’S LOAN ORGANIZATION FROM INCEPTION TO A $6.5 BILLION PER YEAR PRIME, JUMBO MORTGAGE LOAN ORIGINATION PLATFORM. TOTAL ASSETS GREW FROM $4.0 BILLLION TO $57.6 BILLION DURING HIS TENURE. MR. BADAL'S DUTIES INCLUDED THE DEVELOPMENT OF A PROFESSIONAL ORGANIZATION, FROM PRODUCT DEVELOPMENT, TO SALES, LOAN ORIGINATION, UNDERWRITING, OPERATIONS, AND THROUGH TO SERVICING THAT ACCOMODATED RAPID GROWTH AND THE ESTABLISHMENT OF A FRANCHISE THAT BECAME THE LENDER OF CHOICE FOR AFFLUENT BORROWERS ACROSS THE UNITED STATES.

MR. BADAL FORMED JOSEPH BADAL & ASOCIATES, INC. IN 1980 TO PROVIDE CONSULTING SERVICES TO FINANCIAL INSTITUTIONS AND OTHER CLIENTS IN THE AREAS OF REAL ESTATE DEVELOPMENT, ORGANIZATIONAL DEVELOPMENT, STRATEGIC PLANNING, ASSET EVALUATION AND DISPOSITION, AND COURT-APPOINTED RECEIVERSHIP. 

PRIOR TO HIS FINANCE CAREER, MR. BADAL WAS A DECORATED MILITARY OFFICER, HAVING SERVED IN THE U.S. ARMY FOR 6 YEARS, INCLUDING TOURS OF DUTY IN VIETNAM AND GREECE.

ADDITIONALLY, HE HAS SERVED IN A VARIETY OF CIVIC, BUSINESS AND GOVERNMENTAL POSITIONS, INCLUDING:
• Board & Audit Committee Member, Sacred Wind Communications
• Chairman of the Audit Committee of the Board of Directors, Thornburg Mortgage, Inc.
• Chairman, New Mexico Mortgage Finance Authority
• State Representative, New Mexico House of Representatives
• Co-Chairman, National Holocaust Museum Campaign
• Director and President, Presbyterian Heart Institute

MR. BADAL RECEIVED HIS BACHELOR OF SCIENCE DEGREE IN INTERNATIONAL FINANCE FROM TEMPLE UNIVERSITY AND HIS MBA FROM THE UNIVERSITY OF NEW MEXICO. HE GRADUATED FROM THE DEFENSE LANGUAGE INSTITUTE, MONTEREY, AND ATTENDED STANFORD LAW SCHOOL’S DIRECTOR COLLEGE.

HE IS A FREQUENT SPEAKER AT BUSINESS CONFERENCES AND TRADE ASSOCIATIONS AND HAS EXTENSIVE EXPERIENCE IN MEDIA INTERVIEWING (PRINT AND ELECTRONIC). HE HAS WRITTEN DOZENS OF ARTICLES PUBLISHED IN FINANCE INDUSTRY AND TRADE PUBLICATIONS AND IS THE AUTHOR OF TWO PUBLISHED SUSPENSE NOVELS.