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DS News October 2019

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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16 MOVERS & SHAKERS Got something to share with us? Send it to Editor@DSNews.com. GOVERNMENT DAVID APPLEGATE STEPS DOWN Fannie Mae and Freddie Mac have announced that David Applegate will step down as CEO of Common Securitization Solutions, LLC (CSS). A search for his replacement has been launched by the CSS Board of Managers. Applegate will stay on board during the transition. "In my conversations with the board, I expressed that this was the optimal time for a transition, following the June launch of the Uniform Mortgage-Backed Security (UMBS) on the CSS-built Common Securitization Platform," Applegate said. "Since I joined CSS in November of 2014, it has been my honor to work alongside the amazingly talented teams at CSS, Fannie Mae, Freddie Mac, FHFA, and our external partners to realize the vision for a Single Security." e CSS began in 2013 as a joint venture between the GSEs to build and operate a single securitization infrastructure. NEW APPOINTMENTS AT FHLBANK SAN FRANCISCO e Board of Directors of the Federal Home Loan Bank of San Francisco has promoted Greg Ward to EVP and Chief Risk Officer and promoted Arlene Coyle to SVP and Chief Audit Executive, the role most recently held by Ward. Ward oversees the bank's risk, compliance, and governance framework. He joined the Bank in November 2013 as VP, Internal Audit. "Greg's skill set, his knowledge of the Bank and the regulatory environment, his collaborative style, and his adept ability to build strategic partnerships make him an exceptional fit for this important role," said Greg Seibly, President and CEO, FHLBank San Francisco. Coyle is responsible for managing the bank's internal audit function. She joined the bank in February 2016 as Assistant VP, Internal Audit, and was promoted to VP in February 2017. Coyle has over 20 years of internal audit and regulatory experience in the financial services industry. Before joining the bank, she worked at TIAA in their internal audit function. LENDERS AND SERVICERS WELLS FARGO'S NEW HOUSING AFFORDABILITY PHILANTHROPY HEAD Eileen Fitzgerald has joined Wells Fargo as head of its housing affordability philanthropy. She will report to Brandee McHale, President of the Wells Fargo Foundation. In her new role at Wells Fargo, Fitzgerald is responsible for developing and implementing strategies intended to strengthen housing affordability in the U.S. Aligned with the Wells Fargo Foundation's philanthropy strategy, she will lead housing affordability grant making, collaborative efforts with nonprofits intended to create positive impact, and initiatives intended to strengthen the national housing affordability movement. "America can't afford unaffordable housing," McHale said. "Wells Fargo is committed to addressing the full spectrum of housing issues. With Eileen at the helm, I am confident we will move quickly to further develop solutions to challenges ranging from homelessness to rental housing to homeownership—all with a goal of unlocking more housing options for those in need." "Wells Fargo is committed to addressing the full spectrum of housing issues. With Eileen Fitzgerald at the helm, I am confident we will move quickly to further develop solutions to challenges ranging from homelessness to rental housing to homeownership— all with a goal of unlocking more housing options for those in need." —Brandee McHale, President of the Wells Fargo Foundation Keep up with who's doing what and who went where. GATEWAY FIRST BANK APPOINTS NEW LEADERS Gateway First Bank has promoted Jeff Schmidt to a new role of managing its mortgage operations, and the bank also announced the appointment of industry veteran Stephen Staid as its Chief Servicing Officer. In his role as Chief Mortgage Operations Officer, Schmidt will manage the underwriting, appraisal, closing/funding, post-closing, and construction lending departments. Additionally, Schmidt is tasked with the expansion of the Oklahoma-headquartered bank's mortgage call centers based in Dallas and Frisco, Texas. As chief of servicing, Staid will direct a team overseeing customer care, investor accounting, loss mitigation, escrow administration, and operations support. He will also spearhead a variety of initiatives, including technology enhancements, operations improvements and business development. SERVICE PROVIDERS WFG APPOINTS SENIOR BUSINESS DEVELOPMENT OFFICER WFG National Title Insurance Company (WFG), has hired Gregg W. Christensen as Senior Business Development Officer for the company's New York City-based national commercial services division. Christensen comes to WFG with more than 25 years' commercial real estate and title insurance expertise. Prior to joining WFG, he worked with the national commercial services team of another large national title insurer. Before that, he served as publisher and SVP of sales for ALM Real Estate Media Group. "We're thrilled to have Gregg on board to help us continue our national expansion here in the Northeast," said Len Franco, VP and Director of Commercial Services for the region. "His tremendous success in building relationships, and his intense focus on the client relationship throughout all phases of the

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