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MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 14 March 2024 M O V E R S & S H A K E R S Government FANNIE MAE WELCOMES NEW COO Fannie Mae has announced the appointment of Peter Akwaboah as EVP and COO, effec- tive May 20, 2024. Akwaboah has nearly 30 years of experience from across the financial services industry and will be responsible for Fannie Mae's Chief Information Office, Enterprise Opera- tions, Business Resiliency, and Enterprise Workplace and Security functions. In this role, Akwaboah will be a member of Fannie Mae's Management Committee and report to CEO Priscilla Almodovar. "Peter's many years of experience and unique combination of technology and operations expertise will add to our deep leadership bench, and his wealth of experience and industry knowledge will bring great value to the company," Almodovar said. "We look forward to the talent and experience he'll bring to our technology and operations as we continue to respond to the needs of the market, carefully balancing innovation, risk management, and our commitment to our housing mission." Akwaboah is currently a Manag- ing Director and serves as the COO of Technology and Head of Innovation at Morgan Stanley. In this role, he drives the technology strategy with a focus on fueling the firm's innovation, effective- ness, and resilience. Akwaboah also has partnered with Morgan Stanley's busi- nesses to build on the firm's technology investments and delivery opportunities to enable profitability. Akwaboah serves on the Board of the Morgan Stanley Foundation and is a member of the Federal Reserve Bank's Payments Risk Committee. Before joining Morgan Stanley in 2015, Akwaboah spent a decade at the Royal Bank of Scotland, as Asia Pacific COO of Operations, Technology, and Corporate Services. Prior to that, he held leadership roles in operations and technology at Deutsche Bank, KPMG, and IBM. He also serves on the Boards of the Foundation of Orthopedics and Complex Spine and the Museum of American Fi- nance. He has a Bachelor of Engineering in civil engineering from the University of Birmingham, England. FREDDIE MAC NAMES TWO NEW VPS OF SINGLE-FAMILY SELLER ENGAGEMENT Freddie Mac has announced that Eric Wilson and Jonathan Kunkle have been named VPs of Seller Engagement for the Single-Family Division. In their roles, Wilson will oversee Eastern Regions of the country and Jonathan will lead Western Regions. Both will establish strategic direction and provide the primary source of market intelligence and seller business perspective within Freddie Mac for their regions. "Eric and Jonathan both bring strong leadership and extensive experience in mortgage business processes, technology, capital markets, and risk management to the Single-Family Seller Engagement team," said Kevin Kauffman, Single-Fam- ily VP of Client Engagement at Freddie Mac. "Their well-rounded skillset will increase Freddie Mac's sphere of influence with sellers as we innovate to solve indus- try challenges and grow our business." Wilson joined Freddie Mac in 2019, most recently serving as a Se- Movers & Shakers nior Director of Sales for the Midwest Region. Since that time, he led a team responsible for seller engagement across 400 Freddie Mac sellers in the region. His expanded role will establish goals and incentives to support corporate and divisional business objectives, while broadening relationships with sellers and key decision-makers. Wilson has more than 25 years in the industry, driv- ing business development and organic growth for leading Fortune 500 financial institutions. Kunkle joins Freddie Mac from Covius Holdings Inc. (previously Lend- erLive Network) after more than 20 years of experience in roles at the company providing sales leadership, operational management, and technical and product oversight across residential mortgage origination, loan servicing, and capital markets. In his new role, Kunkle will use these strengths and unique talents to lead and coordinate Freddie Mac's con- tinuous market presence and relation- ship management efforts in his region. Lenders/Servicers SAGENT APPOINTS NEW CEO Sagent has appoint- ed Eugene "Geno" Paluso as its new CEO. Along with Sagent's board and executive team of servicing experts, Paluso will operationalize the $14 trillion mortgage servicing industry's first and only cloud-native software platform in 2024. Paluso will succeed current CEO, Dan Sogorka, who will remain with the company as an advisor before transition- ing to a new opportunity. This is the latest move in Sagent's multiyear strategic plan to build the future of mortgage servicing. Phase one of this plan was to move Sagent platforms to the cloud; earn long-term relationships with many of America's top mortgage servicers; and begin building a new platform with a single data and user experience across the entire core, consumer, and default servicing lifecycle. Wilson Kunkle