People Movers

Freddie Mac restructures multifamily capital markets division, promotes Robert Koontz to SVP

Freddie Mac folds two divisions into its multifamily capital markets division
Freddie Mac announced an organizational shift in its multifamily capital markets department business along with the promotion of Robert Koontz to senior vice president of multifamily capital markets. Freddie also announced that its folding two divisions into the Multifamily Capital Markets department under Koontz.
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Mill Creek Residential promotes Steve Prochnow to senior vice president of property management

Will oversee property performance and seek to increase the value of the Mill Creek portfolio
Multifamily investment firm Mill Creek Residential promoted Steve Prochnow to senior vice president of property management. As senior vice president, he will be responsible for the day-to-day operating performance of the company’s communities, assisting with community transactions and pursuing operational goals to bolster the value of the company’s assets.
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Tavant Technologies integrates with Homestar Financial Corporation

Homestar will bring VELOX to its customers
Tavant Technologies recently announced it has integrated its VELOX platform, with Homestar Financial Corporation to transform its digital mortgage experience. HOMESTAR Chief Digital Officer Walt Carter said the partnership will help the company provide a higher level of service to customers.
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Pacific Union International promotes Shawna Borg Cashin to regional executive of Silicon Valley

Cashin will run Silicon Valley sales efforts for the company
Pacific Union International named Shawna Borg Cashin regional executive of Silicon Valley. Cashin has been with Pacific Union since 2013, when she joined to help launch its Menlo Park office, which the company says has been a key bastion for its success in the region.
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BMO Harris getting rid of their face-to-face loan officers

Citing customer preference, the bank will put its weight behind centralized call center
BMO Harris Bank is getting rid of most of its customer-facing mortgage loan officers. According to a report from Milwaukee Journal Sentinel’s Paul Gores, the Chicago-based bank is going to put its energy behind its centralized mortgage call center and minimize its face-to-face LO presence in response to changing customer behavior.
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Cryptocurrency exchange Coinbase nabs top Fannie Mae exec Brian Brooks

Fannie Mae general counsel leaving after 4 years
Once rumored to be on the Trump administration’s shortlist to lead the CFPB, top Fannie Mae executive Brian Brooks is set to leave the federal government behind for the cryptocurrency industry. Brooks, who has served as Fannie Mae’s executive vice president, general counsel, and corporate secretary for almost four years, is stepping down from that position Friday to become the chief legal officer of Coinbase, one of the world’s largest digital currency exchanges.
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Fannie Mae adds former BBVA Compass chairman and CEO to its board of directors

Manuel “Manolo” Sánchez Rodríguez joins GSE’s board
Fannie Mae is adding the former chairman and CEO of BBVA Compass, Manuel “Manolo” Sánchez Rodríguez, to its board of directors, the government-sponsored enterprise announced Monday. Sánchez served as president and CEO of BBVA Compass, a U.S. subsidiary of Banco Bilbao Vizcaya Argentaria, from December 2008 to January 2017.
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Dominion Due Diligence Group hired Jenn Krieher as housing preservation manager

Firm hired former HUD employee to run its housing preservation operations
Dominion Due Diligence Group hired Jenn Krieher as housing preservation manager. In her new role, she will provide technical assistance for Rental Assistance Demonstration and Special Applications Center Section 18 programs as well as overseeing portfolio-wide reviews for the firm’s public housing authority clients.
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