MReport April 2020

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10 | M R EP O RT MCROWD GOVERNMENT DONNA CORLEY Freddie Mac has announced that Donna Corley has been named EVP and head of the com- pany's Single-Family business. Freddie Mac states that Corley brings to the position nearly 25 years' experience in the financial services industry as well as deep expertise in risk management, capital markets, and pricing. She was named interim head of the Single-Family division in October 2019. "Donna Corley is a proven, respected leader and I am pleased to announce that she will lead the company's Single-Family business," said David Brickman, CEO of Freddie Mac. "I've had the pleasure of work- ing with Donna for more than two decades. Her qualifications, record of accomplishment, and commitment to our clients make her the best choice to lead this critical business line at such an exciting moment for our company." As the head of Single-Family, Corley will oversee all business rela- tionships with its seller and servicers, the performance of its guarantee book, and all sourcing, servicing and business operations. Corley will also serve as a member of Freddie Mac's Senior Operating Committee and will report directly to Brickman. "I am thrilled to accept this role at such an important time for our busi- ness and the housing market," Corley said. "As a mission-based company, we have the ability to help overcome some of the most fundamental obstacles to homeownership. I'm excited to be leading that effort for our Single-Family division." Corley joined Freddie Mac in 1995 as a research analyst. Over the course of her career at the company, she held various positions within the Investment and Capital Markets division and rose through Single- Family to lead its credit pricing, risk transfer, and securitization teams. Most recently, Corley served as SVP and Single-Family Chief Risk Officer, where she led a team of 500 employees responsible for analyzing, modeling, and managing the risks that impact Single-Family. LENDERS GREGORY GENTEK Spring EQ, a nation- wide second-mort- gage lender that uses technology for consumers to access their home equity, announced Gregory Gentek has joined the company as VP of sales. In his new role, Gentek will be responsible for growing Spring EQ's sales team and supporting the development of the company's affinity partnerships with other companies. Gentek has more than 25 years of mortgage banking experience. Before joining Spring EQ, he served as President of Genpact Mortgage Services. Gentek also served in SVP positions at JPMorgan Chase, Freedom Mortgage, and PHH Mortgage, where he gained valuable experience in white label business. He graduated from Rowan University with a bachelor's degree in economics. "Greg's long and distinguished real estate finance career and his deep sales experience make him the ideal choice for this role," Spring EQ Founder and CEO Jerry Schiano said. "He brings a valuable perspective to our senior management team and is well suited to help us achieve ongoing growth." In addition to his other duties, Gentek will be responsible for estab- lishing and implementing Spring EQ's sales strategies and goals as well as overseeing all direct-to-consumer ac- tivities, supervising sales managers, scaling first and second mortgage teams at multiple locations, and recruiting, training and developing loan officers. "The decision to join Spring EQ's team was an easy one because of its culture," Gentek said. "Spring EQ is well positioned for any interest rate cycle with its home-equity and first- mortgage divisions." MICHAEL OURSLER NewDay USA, a VA mortgage company, announced it named Michael Oursler COO. "[Oursler} is one of the most capable individuals I've ever had the privilege to work with," said NewDay USA Founder and CEO, Rob Posner. "His leadership in training the next generation of mortgage bankers and leaders will have an enduring im- pact on our industry. As President of 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 the Purchase Division, he was instru- mental in laying the foundation for NewDay's Operation Home to change the lives of veteran families." Throughout his eight years at NewDay USA, Oursler was Chief Credit Officer, SVP of Operations and NewDay University, and VP of Capital Markets. As Chief Credit Officer, Oursler was the architect of the company's Accelerated Underwriting Program. NewDay USA University trains and develops underwriters in a 24-month applied curriculum. The company's unique approach to underwriting is a key part in its success in serving the veteran community. "[Oursler's} work in developing and leading Operation Home is a big reason NewDay is changing the lives of veteran families," NewDay USA Chairman Rear Admiral Tom Lynch said. "He is highly respected throughout the company, making him the ideal leader to drive our growth into the next decade and beyond." Oursler is an Executive M.B.A. Candidate at Wharton School of Business at the University of Pennsylvania expected to gradu- ate this Spring 2020. He earned a B.S. in Finance from York College of Pennsylvania, where he was also captain of its basketball team. "It is an honor to be a part of the NewDay's mission of serving veterans and developing the next generation of mortgage bankers," Oursler said. "I take seriously our purpose to help veterans achieve home ownership for their families."

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