Radian Group (RDN) announced the appointment of Dr. Clifford Rossi as the company’s new senior vice president and chief economist.

In this position, Rossi will have responsibility over Radian’s research, forecasts, quantitative analysis and financial modeling of the company’s mortgage insurance portfolio, as well as the housing and mortgage markets.

Rossi is currently an executive-in-residence and professor of the practice at the Robert H. Smith School of Business, University of Maryland. Radian said that Rossi plans to continue in this position while serving at Radian.

"We are delighted to have someone of Cliff's caliber and depth of experience for this role," said S.A. Ibrahim, chief executive officer, Radian Group. "Cliff is a sought-after expert in the mortgage industry. His thought-leadership and expertise will provide valuable insights for the benefit of our clients and broader market while allowing Radian to enhance its capabilities and tools."

Rossi brings more than 25 years of experience in banking and government to Radian. Rossi was most recently managing director and chief risk officer for Citigroup's Consumer Lending Group.

Earlier in his career, Rossi also held senior risk management positions at Freddie Mac and Fannie Mae.

"Cliff brings extensive experience in both the public and private sector and a wealth of financial services knowledge to Radian," said Teresa Bryce Bazemore, president, Radian Guaranty. "In the past, we have benefitted from his valuable insights and we are pleased that he now joins us in a formal capacity as our new chief economist."