Not only does Linda bring a wealth of FHA program experience but her tenure at Fannie Mae and Freddie Mac provide an added dimension to the Risk Management and Compliance Division’s notable experience.
Washington, DC (PRWEB) August 20, 2012
The Collingwood Group announced today that Linda Nessi joined the firm as Vice President of the Risk Management and Compliance Division. The Division is focused on mitigating the risk of enforcement actions and ensuring operational readiness and compliance with the rigorous requirements of government lending.
Nessi certainly brings a rich background of government program experience that will enable her to support the full range of The Collingwood’s Group’s government lending consulting services, including managing operational risk assessments, quality control reviews across the entire loan life cycle including origination, servicing and insurance claims, and individual loan file reviews.
Former FHA Commissioner, Brian Montgomery, now Chairman of The Collingwood Group noted, “Not only does Linda bring a wealth of FHA program experience but her tenure at Fannie Mae and Freddie Mac provide an added dimension to the Risk Management and Compliance Division’s notable experience.”
Before joining The Collingwood Group, Nessi served as a Director of Testing and Monitoring at Freddie Mac for three years, where she oversaw Home Affordable Modification Program (HAMP) and non-GSE portfolio compliance. Nessi also worked at Fannie Mae for five years, where she managed the Cash Commitment Window and the Operations Consultants Team.
Most notably, Nessi spent over thirty years at the Department of Housing and Urban Development (HUD). The Collingwood Group’s bench of employees is already deep with HUD veterans. Nessi’s addition further deepens Collingwood’s cache of HUD veterans at The Collingwood Group, representing over 250 years of combined HUD experience on staff.
In her tenure at HUD, Nessi served as the Associate Deputy Assistant Secretary, Director of an FHA Homeownership Center, and Branch Chief of FHA’s Quality Assurance Division where she was responsible for on-site loan origination and servicing compliance reviews. She held other positions at HUD, including Multifamily Housing Representative, Community Planning and Development (CPD) Representative and Urban Development Action Grant (UDAG) Officer.
Ms. Nessi stated that, “It is wonderful to be back working with so many former FHA colleagues. The mission of The Collingwood Group and its focus on working with clients to establish and maintain best practices and compliant programs is something I am proud to be a part of.”
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 Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner. Montgomery played a major role in the federal government’s efforts to address the nation’s financial crisis and restore stability and liquidity to financial markets. The firm’s other founders have held leadership positions within other organizations in the financial services industry, including the GSEs. Collingwood’s 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.