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23 October 2024 October 2024 » M O V E R S & S H A K E R S "I am consistently impressed with the pace at which Reggora has innovated in the mortgage collateral space," Samadani said. "The opportunity to join a company with such a forward-thinking approach in appraisal innovation, automating the end-to-end collateral workflow, and a commitment to excellent customer service is something I am excited to be a part of." FIGURE TECHNOLOGY ADDS NEW CHIEF LEGAL OFFICER Ronald Chillemi has been appointed Chief Legal Officer and Corporate Secretary of Figure Technology Solutions. He will oversee the legal and compliance departments of the business in this capacity. Chillemi has more than 25 years of experience in government relations, compliance, and regulatory affairs from her time as a federal and state prosecu- tor, at top law firms, and in the fintech industry. Chillemi was Deputy General Counsel at Better, a mortgage lender, and General Counsel at Aven before coming to Figure. In addition, Chillemi worked as a partner at Robins Kaplan LLP, Deputy General Counsel, and Senior VP at Fanatics. "We are thrilled to welcome Ron to our executive team. Throughout his career, Ron has built an exceptional track record, overseeing robust legal and compliance functions and helping to shape important state and federal legislative frameworks," said Michael Tannenbaum, CEO of Figure. "In just a few years, Figure has become the number one nonbank HELOC provider, largely because the capital markets and regulators are supportive of our modern approach. Having a CLO of Ron's caliber will be invaluable to Figure as we enter our most ambitious chapter yet." Earlier in his career, Chillemi worked as a prosecutor for 17 years at three dif- ferent levels of government: the Depart- ment of Justice as an Assistant United States Attorney, the Attorney General of New Jersey as a Division Director, and the Philadelphia, Pennsylvania, district attorney in his hometown. He was hon- ored for his efforts on all fronts. Chillemi stated, "I'm excited to join Figure because I've been impressed by the company on multiple levels—from the exceptional Board and management team to the technology that's fueled its growth as the nation's largest HELOC origination platform, to its capital markets prowess, to its innovative plans regarding the infrastructure of lending. I look forward to working with our team, partners, investors, regulators, and all stakeholders to build upon the compa- ny's strong foundation and help take its capital markets ecosystem to new heights." BAYVIEW ASSET MANAGEMENT APPOINTS HEAD OF CRE DEBT Bayview Asset Management LLC, an investment management firm focused on invest- ments in mortgage and consumer credit, has named Andrew Smith as Managing Director, Head of Commercial Real Estate (CRE) Debt. Smith joined Bayview in July 2024 and is leading Bayview's investment initiatives related to CRE debt, with a focus on expanding the firm's capabilities in response to increasing market opportunities. "I am confident Andrew will help further develop Bayview's capabilities to create a leading CRE Credit platform," said David Ertel, Chair and CEO of Bayview. Smith brings more than two decades of experience in real estate debt and securities. Most recently, he served as Senior Managing Director and Head of Real Estate Debt at Kayne Anderson Real Estate, where he joined in 2014 to help launch the CRE credit platform and was integral to its growth with exception- al performance across over $10 billion of invested capital. Smith will be based in the Bayview New York office. "This is a pivotal time in the real estate debt markets and a unique op- portunity to join Bayview as it looks to increase its presence in the CRE space," Smith said. "Bayview has had a presence in the commercial real estate sector for over 25 years, having developed a strong reputation in the marketplace, and I look forward to contributing to the expansion and continued growth of the platform." Bayview has been investing in CRE debt for more than 25 years. Currently, Bayview's CRE credit business includes 40 professionals in North America and 25 professionals in Europe across loan orig- inations, underwriting, valuation, and in- cludes a rated commercial mortgage spe- cial servicer. Bayview possesses lending capabilities in the United States, Europe, and Canada, has CMBS loan origination capabilities, and is an active investor in the CMBS bond market. In addition, Bayview has a strong presence in CPACE loan origination, a fast-growing mar- ket for financing new construction or upgrades to enhance energy efficiency. Looking ahead, Bayview plans to launch a dedicated commercial real estate credit fund, designed to deploy capital across a wide range of commercial real estate debt and securities opportunities.