In a new release, it was announced that two seasoned Fannie Mae employees have been promoted to head the General Counsel’s office and the Single-Family business.
“We are pleased to announce the promotion of Fannie Mae seasoned veterans Jake Williamson to Acting Head of Single-Family and Tom Klein to Acting General Counsel,” said William J. Pulte, Fannie Mae Chairman of the Board. “These highly respected leaders will help lead the company to increased safety and soundness and accelerated profitability.”
Chairman Pulte continued: “Jake brings nearly two decades of leadership experience within Fannie Mae’s Single-Family business, where he has played a key role across servicing, risk management, operations, and analytics. As a current Deputy General Counsel, Tom’s legal responsibilities include corporate tax strategy, mortgage products, and the capital markets portfolio—all of which are critical to the business.”
Industry Veterans Offer Nearly 40 Years Combined Experience at the Company
Acting Head of Single-Family Jake Williamson, who is renowned for his strategic vision and commitment to operational excellence, was formerly SVP for Single-Family Collateral Risk at Fannie Mae. Throughout his nearly two decades at Fannie Mae, he has continuously promoted process innovation and efficiency. The nation’s supply of affordable housing is a key component of Fannie Mae’s purpose, and his work has been crucial in developing ideas that address this issue.
Additionally, Williamson is a part of the MortgagePoint’s Editorial Advisory Board, who is responsible for oversight and management of all end-to-end collateral, loan quality, and operational risk capabilities. These duties include front-end collateral policy design, loan quality control activities for both credit and collateral, condo standards, property valuations designation and modernization, appraisal bias oversight, real estate liquidation options, and Single-Family operational risk management.
“Serving Fannie Mae Single-Family over the years has been a true honor,” said Malloy Evans, outgoing Fannie Mae Head of Single-Family. “I could not be more proud of the foundation we have laid for the company and for America’s homeowners. Thank you to the Fannie Mae team, Chairman Pulte, and all of our business partners. I am confident in this experienced team moving forward and know the company will continue achieving great things.”
Acting General Counsel for the past 20 years, industry veteran Tom Klein has held legal leadership positions at Fannie Mae, most recently as Deputy General Counsel for Fannie Mae Enterprise. In his role at Fannie Mae, he has been in charge of offering advice on a variety of topics, such as corporate tax returns, employee benefits, compensation policies, asset holdings, debt and equity issuances, derivative transactions, mortgage products, mortgage-backed securities, and structured transactions.
“Working for Fannie Mae has been the privilege of a lifetime,” said Danielle McCoy, outgoing Fannie Mae General Counsel. “Helping American homeowners and renters find a place to call home is truly rewarding work. I want to express my sincere gratitude for the Fannie Mae family, Chairman Pulte, and all of the people that make Fannie Mae great. I know the company has a bright future ahead.”
These appointments come as additional, recent news withing the industry’s shifting focus and evolving mortgage activity.
“We greatly appreciate Malloy and Danielle for their years of service to Fannie Mae. We wish them both all the best in their future endeavors,” Pulte said.
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