The Collingwood Group, a Washington-based business advisory firm, named Ray Romano senior adviser. The former Freddie Mac executive vice president and chief credit officer is expected to identify business opportunities for the firm that arise as a result of the housing crisis, the company said Tuesday. Romano brings risk-management expertise and executive leadership for consumer and multifamily mortgage products to The Collingwood Group. Vice Chairman Brian Montgomery said Romano's strengths are highly valuable and needed in today's mortgage market. “His involvement with our firm will supplement our already wide range of proficiencies in assisting our financial services clientele,” Montgomery said. In September, The Collingwood Group named Tom Cronin managing director of secondary market activity. Romano is a mortgage finance veteran with more than 26 years of experience in credit risk, operations risk, mortgage servicing, financial management, strategic planning and capital markets. Prior to joining Freddie Mac, Romano held executive positions with Washington Mutual, North American Mortgage Co. and Dime Savings Bank of New York. Write to Justin T. Hilley.