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23 FHFA ANNOUNCES TWO PROMOTIONS e Federal Housing Finance Agency (FHFA) has announced that Karen Chang will serve as FHFA's Chief of Staff, and Samuel Frumkin has been named the Agency's Executive Secretary. "Having already served as a detailee in the Office of the Director since June, Karen will continue to be a key advisor and leverage her decision-making and subject matter expertise to provide strategic and operational excellence across the Agency," FHFA Director Sandra L. ompson said. "rough his previous positions as Principal Advisor within both the Office of the Director and the Division of Mission and Housing Goals, as well as his policy and supervisory background at a number of other federal financial regulators, Sam's holistic view of financial institution supervision will enable him to play a key role in ensuring FHFA meets a wide range of its statutory responsibilities." Chang has been with the FHFA since April 2021, serving as Supervisory Financial Analyst in the Division of Enterprise Regulation (DER) Office of Financial Analysis. She previously worked for the Consumer Financial Protection Bureau (CFPB), the White House, the U.S. Department of the Treasury, and other public and private sector organizations. Frumkin joined FHFA in 2014 after working for the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the CFPB. L E N D E R S / S E R V I C E R S GARY GASKIN JOINS CENLAR AS VP OF TRANSFER SERVICES Cenlar FSB, a mortgage loan subservicer and federally chartered wholesale bank, has named Gary Gaskin VP of Transfer Services. A 25-year veteran of the mortgage industry, with 22 years in servicing, Gaskin will be responsible for all areas of loan boarding, acquisitions, and transfers, as well as identifying opportunities to automate processes and improve operational efficiencies. "Gary is a valuable team member. He is an accomplished mortgage servicing executive with extensive experience providing the leadership needed to drive key organizational goals and objectives, and a proven track record of successfully delivering dynamic results," Cenlar's SVP of Transfer Operations Mary Ann Sullivan said. Prior to joining Cenlar, Gary served as SVP of Loan Servicing at Atlantic Bay Mortgage Group. He was also Director of Loan Servicing at Republic Bank & Trust and VP of Loan Administration at Specialized Loan Servicing. He also held various positions at SunTrust Mortgage, where he was most recently First VP of Loan Administration. Additionally, he was VP of Loan Administration at Roundpoint Mortgage Servicing, where he increased throughput by implementing lean techniques to successfully improve automation. Gaskin also served as a Senior Consultant on servicing acquisitions and transfers at PriceWaterHouse Coopers. "I am excited to be part of the Cenlar team and to build consistency in loan transfers by looking at ways we can use automation that will make the process more efficient," Gaskin said. LOANDEPOT APPOINTS JOSEPH GRASSI CHIEF RISK OFFICER Joseph Grassi has joined loanDepot as Chief Risk Officer, reporting directly to loanDepot CEO Frank Martell. Grassi will be responsible for enhancing the company's risk management program and enterprise and loan-level risk governance policies, as well as managing potential operational risks. "At the foundation of our Vision 2025 plan are the built-to-last principles of quality, compliance, and customer excellence," Martell said. "Responding to identified risks and continuing to effectively anticipate enterprise risks will be critical to position the company for long-term growth and revenue generation. Joe's vision and invaluable expertise in both the residential real estate industry and regulatory arena will help enhance our risk management program, further align our quality initiatives with those of Fannie Mae, Freddie Mac, and the FHFA and propel loanDepot forward during a period of enormous change in the home finance industry." Grassi brings more than 35 years of experience in real estate finance and consumer lending compliance and law, with leadership roles across a number of companies and government agencies including Celebrity Home Loans, the U.S. Department of Housing and Urban Development, Guaranteed Rate, and Prospect Mortgage. He also spent more than 20 years as a Senior Attorney for Fannie Mae, including as Lead Counsel for the GSE's Multifamily and Single-Family businesses. He ultimately served as the Interim General Counsel and Corporate Secretary for Fannie Mae, where he was responsible for overseeing Fannie Mae's legal and government and industry relations departments and providing strategic counsel to the CEO and Board. He began his career at Philadelphia-based law firm Obermayer, Rebmann, Maxwell & Hippel, and holds both a Juris Doctorate and Bachelor of Science in business administration from Villanova University. "I look forward to working with Frank and his entire leadership team at loanDepot to deliver on the company's vision of becoming an increasingly purpose-driven organization," Grassi said. "loanDepot has both an incredible reputation for fostering innovation and a deep commitment to its customer-first philosophy. I'm excited to leverage the strengths of the company and team to help make the American dream of homeownership a reality for more families." S E R V I C E P R O V I D E R S XOME ADDS JAMES CURL TO LEAD TECH INITIATIVES Xome has appointed James Curl as SVP and CTO, bringing more than 15 years of experience leading technology and innovation teams at major organizations such as T-Mobile and Deloitte, where he oversaw large scale digital Movers & Shakers