Tom Millon
President, Chief Executive Officer & Chairman

Tom founded Capital Markets Cooperative (“CMC”) in 2003 and is considered one of the nation's top executives in the mortgage capital markets. Tom is a recognized author, frequent speaker, and expert in mortgage finance. He serves as President, Chief Executive Officer, and Chairman of CMC, and is the Chief Executive Officer and Chairman of CMC’s lending subsidiary, CMC Funding, Inc.

Tom was instrumental in the development and growth of a number of companies in the mortgage industry. From 1999 to 2003, as the Director of Capital Markets for Ohio Mortgage Banking, he built an industry-leading capital markets group. During his tenure, the company’s origination volume quintupled to $30 billion. 

From 1991 to 1999, Tom was a Partner, Managing Director and Member of the Board of Directors of Tuttle & Company, a leading risk management and securities trading firm. Tuttle & Company specialized in managing optional interest rate risk for mortgage bankers. Tom helped build the firm from five employees and a handful of clients to over 100 employees and a client base consisting of many of the largest US banking institutions. Tom’s trading desk managed over 10% of the U.S. mortgage industry’s origination volume prior to Microsoft’s acquisition of Tuttle & Company in 1999. 

Prior to 1991, Tom was a member and floor trader on the Chicago Board of Trade and was an analyst with Merrill Lynch Capital Markets. 

In May of 1986, Tom graduated from The Wharton School of Business of the University of Pennsylvania. Currently, he serves as a Director on the Board of The Wharton School of the University of Pennsylvania’s Institute for Urban Research—a think-tank dedicated to housing reform and urban planning and design of cities around the world. 

Tom is a member of the Mortgage Bankers Association where he serves on the MBA’s committee for GSE reform. Tom is also on the advisory board of the Common Securitization Platform—a joint venture between Fannie Mae and Freddie Mac, dedicated to standardizing the agency mortgage-backed security. 

Tom holds the Chartered Financial Analyst (CFA) and Certified Mortgage Banker (CMB) designations. He is FINRA (Financial Industry Regulatory Authority) Series 3 licensed and is a member of the National Futures Association, the Association for Investment Management and Research, and the Security Analysts Society of San Francisco. 

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