Badal & Associates

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 $57.6 Billion in total assets. He built Thornburg Mortgage's loan organization from inception to a $6.5 Billion per year prime, jumbo mortgage loand origination platform. Total assets grew from $4.0 Billion 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 & Associates, 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 seven published novels.

Partial Client List:

Badal & Associates have provided consulting services to a wide variety of companies in numerous industries.


A sample list of these clients includes:

  • Christie's Great Estates
  • Crown Coach Corporation
  • D.R. Horton Homes
  • FHP, Inc.
  • First Interstate Bank of Nevada
  • First Interstate Bank of New Mexico
  • First National Bank of Santa Fe
  • Lasertechnics, Inc.
  • Mutual of Omaha Bank 
  • Presbyterian Healthcare Services  
  • Radiology Associates of New Mexico
  • Rio Grande Steel Corporation
  • Roberson Homes
  • Sacred Wind Communications
  • Sperry Flight Systems
  • St. Vincent's Hospital SupportCo 
  • Sunwest Bank
  • The First National Bank in Albuquerque
  • The National Institute of Education





  • 505-286-8628 (Office)
  • 505-690-4503 (Mobile)
  • 505-286-8537 (Fax)


P.O. Box 1669

Cedar Crest, NM 87008-1669

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