“We are delighted to welcome Ray to The Collingwood Group team. His vast experience in risk and credit management will help us to even further enhance the benefits that The Collingwood Group brings to our clients.”
Washington, DC (PRWEB) October 18, 2011
The Collingwood Group announced today that it has retained Ray Romano as Senior Advisor, working with the Collingwood Group to bring his unique expertise and executive leadership in the areas of risk management for consumer and multi-family mortgage products. Romano is a mortgage finance industry veteran with more than 26 years of wide-ranging experience in the areas of credit risk, operations risk, mortgage servicing, financial management, strategic planning, and capital markets. In his new role, Romano will work with The Collingwood Group to further help clients navigate the business opportunities that exist in Washington as a result of the housing crisis.
Romano has a lengthy and distinguished background in Financial Services. Most recently he served as executive vice president and chief credit officer at Freddie Mac. Prior to joining Freddie Mac, where he began as senior vice president of Credit Risk Oversight, Romano held executive level positions with Washington Mutual (SVP – chief credit and risk management officer – Home Loans Group), North American Mortgage Company (SVP – chief credit & compliance officer, Mortgage Banking), and Dime Savings Bank of New York, FSB (VP – director of Underwriting Operations). Early in his career, he was assistant manager of CitiCorp’s North American Investment Bank in New York and Assistant Supervisor, Residential Lending Operations with The Dime Savings Bank of New York, FSB.
“Ray brings strong leadership and valued expertise in an area that is highly needed in today’s mortgage market,” said Brian Montgomery, vice chairman of The Collingwood Group. “His involvement with our firm will supplement our already wide range of proficiencies in assisting our financial services clientele.”
Tim Rood, a partner with The Collingwood Group, agrees. “We are delighted to welcome Ray to The Collingwood Group team. His vast experience in risk and credit management will help us to even further enhance the benefits that The Collingwood Group brings to our clients.”
Romano received his Bachelors Degree in finance and economics from Long Island University.
About The Collingwood Group
The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-based business advisory firm focused on growing clients’ businesses, promoting revenue growth and increasing investment returns. The firm is led by Joe Murin, former President and CEO of Ginnie Mae, and Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner. Both played major roles in the federal governmentʼs efforts to address the nationʼs financial crisis and restore stability and liquidity to financial markets. The firmʼs expertise spans all aspects of Agency, non-Agency and FHA/VA housing financing programs; Ginnie Mae securitization activities; domestic and international secondary market activities and issues; primary and special servicing; full asset lifecycle vendor and talent management; and all elements of portfolio due diligence, acquisition, property management and asset disposition.