The MBA Opens Doors Foundation (Opens Doors) today announced that Mark L. Korell, Chairman of Hamilton Group Funding, has joined its Board of Directors. Opens Doors provides mortgage and rental assistance to families with critically ill or injured children, allowing parents and guardians to be by a child’s side during treatment, without fear of jeopardizing their home.
“Mark has deep experience not just in the mortgage industry, but in volunteer leadership for non-profit housing related organizations,” said Debra W. Still, CMB, President and CEO of Pulte Mortgage, and Opens Doors Foundation Chairman. “He will bring a genuine commitment to the vulnerable families struggling to keep a roof over their heads during one of the most difficult times in their lives. We are thrilled he will lend his time and expertise to the board.”
Korell brings an extensive track record of success to Opens Doors. Currently, he serves as Chairman of Hamilton Group Funding, where his leadership helped the firm boast record levels of residential mortgage lending volume and profitability in the over four years that he served as President and CEO. Prior to Hamilton Group Funding, Korell held senior leadership positions at JP Morgan Chase, Wells Fargo Home Mortgage, GMAC Mortgage Group, and Residential Funding Corporation (RFC), and was on the Fannie Mae National Advisory Council and the Mortgage Bankers Association (MBA) National Board of Governors.
“On behalf of Hamilton Group Funding, I am honored to partner with the Opens Doors Foundation as a board member, working to advance its important commitment to assist families in need of housing support as they deal with the emotional and financial stress of a critically ill child,” said Korell. “As an industry leader with more than 30 years of involvement with major charitable housing organizations, I am excited to help ODF move forward to become a major national resource to families in need.”
“Mark’s enthusiasm and energy will aid the Foundation as we enter a new phase of growth,” said Opens Doors Foundation President Deborah Dubois. “His leadership on the National Board of Trustees of Mercy Housing, and his role as Vice Chairman of the International Board of Directors for Habitat for Humanity, will serve us well.”
Since 2012, the Foundation has helped more than 3,100 families from 47 states, distributing more than $4.3 Million in funding. Support from MBA allows the Foundation to pass on 100 percent of donations to families in need of assistance. Potential grant recipients are identified through the Foundation’s ongoing relationship with children’s hospitals in Akron, Ohio; Boston, Massachusetts; Dallas-Fort Worth, Texas; Denver, Colorado; Houston, Texas; Northern and Southern California; and Washington, D.C.