MReport January 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

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18 | M R EP O RT MCROWD GOVERNMENT ANTHONY N. RENZI Fannie Mae and Freddie Mac jointly announced the appointment of Anthony N. Renzi as CEO of Common Securitization Solutions, LLC (CSS). Renzi succeeds David Applegate who announced earlier in 2019 that he would be stepping down as CSS CEO by year-end. The appointment is the result of a nationwide search for qualified candidates to lead the joint venture, which has been instrumental in building and running the technol- ogy platform that supports the new Uniform Mortgage-Backed Security (UMBS). "I'm excited to be with an organization that enabled the launch of the UMBS," Renzi said. "We have the opportunity to continue to support Fannie Mae and Freddie Mac and further define the future of CSS and how it will support the housing finance industry." Jerry Weiss, EVP of Freddie Mac and Chairman of the CSS Board of Managers, said, "CSS has been a remarkable success story. It now administers, on behalf of Fannie Mae and Freddie Mac, nearly 1 million securities, backed by loans with $4.8 trillion in unpaid principal balance. The appointment of Tony Renzi signals our commitment to a seamless transition in leadership that will pave the way for continued rogress at CSS." LENDER/SERVICER DEIRDRE CHERRY Oklahoma-based Gateway First Bank has announced the appointment of Deirdre Cherry as its CCO. Cherry will be responsible for the review of Gateway's loan portfolio on a continuing basis to guide risk-appro- priate growth, assist in the detection of deterioration in loan quality and review the portfolio to ensure compliance with state and federal regulations. "We are committed at Gateway to bringing in the best talent in the industry, and Deirdre is no exception with her depth and breadth of experience in the banking industry," said Stephen Curry, CEO of Gateway. "Her knowledge on credit training, pricing models, collateral evaluation, and risk rating will help us as we continue to grow as a company." Cherry has been in the banking industry for more than 30 years, primarily with JPMorgan (and its predecessor institutions) and Bank of America. Her experience has focused on providing credit solutions to clients ranging from large corporations through the ultra-high net worth private client segment. "I am proud to be a member of the Gateway team during this unprecedented time of rapid growth and advancement," Cherry said. "I look forward to using my industry experience to help the team strive for even greater excellence and live out the company's core values and making a difference in our company and community every day." MIKE HARDWICK Churchill Mortgage, a provider of conven- tional, FHA, VA, and USDA residential mortgages across 46 states, announced that its President and CEO, Mike Hardwick, has been awarded Lipscomb University's Leader With Purpose Award. The annual awards program is hosted by the Hilton & Sallie Dean Institute for Corporate Governance & Integrity, housed in Lipscomb University's College of Business. These awards honor local companies and individu- als that have distinguished them- selves from others in their industry through business practices based on integrity and purpose. Hardwick was recognized for his contributions as a leader in the mortgage industry. Hardwick founded Churchill Mortgage in 1992 and has since grown the lender into a national organization. Building a strong foundation on the values of putting people over profits and guiding borrowers with the heart of a teacher, Churchill Mortgage has helped more than 100,000 families through the mortgage process. "It is an honor to receive such a highly regarded award that represents the same core values as Churchill Mortgage," Hardwick said. "I have built my career with the guiding principles of integrity and leading with a servant's heart. At Churchill, we believe in carrying these ideals throughout our top-down leadership and want to help individuals and families not only achieve their dream of homeowner- ship but to also mentor them through the process, creating life-long relationships with each customer." JOELL MADDOX Gateway First Bank announced that Joell Maddox is joining the organization to help advance Gateway First Bank's Treasury Management Services. In her new role, Maddox will be responsible for managing relationships with correspondent banks, title companies, and commer- cial customers that are using Treasury Management Services. Gateway First Bank's new line of Treasury Management solutions further expands the products and services for the financial institutions' industry and demonstrates the commitment Gateway is making to its customer base. "It is key we bring onto the Gateway First Bank team an accomplished leader in Treasury Management to help launch our products and services to best serve our client relationships and grow new ones," says Stephen Curry, Chairman and CEO. "Joell has had a very accomplished career in the financial institutions' industry working with correspondent banks, and I look forward to her being a part of the successful culture and growth with Gateway First Bank." Maddox has served in senior leadership positions with Origin Bank, IndyMac Bank, and Wells Fargo as well as leadership positions at Federal Home Loan Bank of Dallas and Lomas Mortgage. Most recently, Maddox was VP of Treasury This month, some of the industry's largest companies saw significant changes to their corporate lineups. Who's moving on and who's moving up in the industry

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