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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 12 February 2024 M O V E R S & S H A K E R S Government FREDDIE MAC NAMES NEW DIRECTOR Freddie Mac has elected Roy Swan to its Board of Directors, effective February 19, 2024. Swan is an executive with more than 30 years of experience in law, banking, corporate finance, public policy, and investment management, currently serving as Director of Mission Invest- ments at the Ford Foundation, where he leads a team making $1 billion in impact investments over a 10-year period. "Roy Swan's experience in financial services and his work overseeing mission and community development invest- ments established him as a major player in impact investing," said Lance Drum- mond, Chair-Elect of Freddie Mac's Board of Directors. "His background and three decades of experience in these and other areas make him uniquely qualified for this role, and we look forward to his contributions to Freddie Mac's Board." Swan has served in his current role as head of Mission Investments for the Ford Foundation since 2018. Prior to Ford, he held various positions at Morgan Stanley from 2008 to 2018, including President and COO of Morgan Stanley Trust and Co-Head, Global Sustainable Finance. Swan held various positions at Carver Federal Savings Bank, departing as EVP and CFO. Among other roles, Swan also served in various positions at Time Warner Inc., JPMorgan Chase & Company, as CIO at Upper Manhattan Empowerment Zone, and as an Associate at Salomon Brothers Inc. He began his career as a Financial Analyst at First Boston Corporation, as a Public Service Fellow at the Coro Foundation, and as an attorney in the Corporate Securities Group of Skadden, Arps, Slate, Meagher & Flom LLP. Swan also serves as a member of the Board of the Global Impact Investing Network and a Trustee of Parnassus Funds. Currently, he serves on the Varo Bank Social Impact Council, the Church Commissioners for England Oversight Group, and the KKR Sustainability Ex- pert Advisory Council. Lenders/Servicers XOME NAMES NEW COO Dallas, Texas-based real estate market- place Xome has announced the appointment of Mike Jansta as its new Chief Operating Officer. "Xome is thrilled to welcome Mike Jansta as Chief Operating Officer," said Xome in a statement. "He comes to Xome with nearly two decades of real estate in- dustry experience with a proven history of innovation and brand expansion—not to mention being an expert at leveraging technology to facilitate online property auctions. Mike is the perfect candidate for this new role as Xome focuses on continuing to expand its market share and brand awareness." Mike joins Xome from Altisource, where he served in various leadership roles over the past three years, includ- ing as General Manager of Hubzu and Chief Marketing Officer of Altisource. Additionally, Mike spent the majority of his career with Auction.com, holding various leadership roles, including Chief Marketing Officer, over a 14-plus year career with the company. Altisource provides dozens of mortgage originations services and tech-enabled, end-to-end real estate management solutions. Since 2006, Jansta has facilitated more than $45 billion in closed sales by bringing sellers and buyers together in residential Movers & Shakers and commercial real estate auctions and transactions. As Xome's COO, Jansta will over- see key aspects of Xome's operations, including auction, default servicing, and quality assurance, and will join Xome's Executive Leadership Team, reporting to CEO Mike Rawls. SAGENT TAPS FORMER MR. COOPER PRESIDENT FOR EXECUTIVE CHAIR ROLE Fintech software company Sagent has appointed Chris Marshall as its new Executive Chairman. In this role, Marshall will work closely with Sagent's executive team to deliver the $13 trillion mortgage servicing industry's first and only cloud-native soft- ware platform in 2024. Marshall first joined Sagent's Board of Directors in 2022 as part of a multiyear agreement with Mr. Cooper Group. As Executive Chair, Marshall will oversee strategy to deliver on Sagent's vision for the future of mortgage servicing. "Mortgage servicing is the last and toughest mile of mortgage industry modernization, and Sagent's technology, team, and industry expertise make it the best software partner for America's servicers," Marshall said. "Sagent's new platform will streamline processes and dramatically lower operating costs for servicers, while significantly improving customer experience." Marshall had been Vice Chair and President of Mr. Cooper, announced his intent to retire last year, and will transi- tion out of his role leading Mr. Cooper's businesses at the end of January. He will continue to lead efforts to raise capital for Mr. Cooper's first MSR fund, while shifting his focus to Sagent and the success of its customers. During his time with Mr. Cooper, Marshall led several initiatives to strengthen the company's balance sheet, accelerate growth, and improve efficiencies across the company. "With his extensive experience and proven track record of success, Chris will keep Sagent in the lead on innovating the