Freddie Mac named Ravi Shankar as senior vice president and head of single-family portfolio and servicing. Shankar will have broad responsibility over portfolio management, servicing, and the operations and technology that support these activities. He brings more than three decades of experience managing multibillion-dollar finance, capital-markets, portfolios and mortgage trading operations. A former Freddie Mac executive from 2013 to 2016, he most recently held senior advisor positions at Boston Consulting Group and United Wholesale Mortgage. Prior to joining Freddie Mac in 2013, he spent seven years at JPMorgan Chase in a number of key roles, including as chief financial officer, head of capital markets and portfolio manager at Chase Home Finance. Prior to that, he worked in various senior positions with Citigroup for 16 years. Shankar holds a bachelor of commerce degree from the University of Delhi.
Planet Home Lending promoted Kathryn Edelen to Eastern divisional manager and Lynette Hale-Lee to Western divisional manager. Edelen and Hale-Lee will focus on production planning for 2023, branch recruitment and strategic application of the company’s multichannel model.
CMG Home Loans, the retail division of mortgage banking firm CMG Financial, added Bill Landon as president of its new group of branches in the Mid-Atlantic region. Landon brings decades of experience to CMG, including his previous role as the CEO of George Mason Mortgage.
Cenlar FSB announced that Brian Browne has joined the company as vice president of cybersecurity. Prior to joining Cenlar, Browne was an enterprise information security architect at Dell Technologies. He also has served in information security leadership roles at Bristol Myers Squibb and Grant Thornton LLP. He earned a bachelor’s degree in electrical engineering from the University of Pennsylvania.
Mortgage Capital Trading announced that Jennifer Kennelly has been appointed as the new senior director of its investor services team. Kennelly has 25 years of experience in the mortgage industry, including positions at Freddie Mac, Compass Analytics and LoanCare.
The Mortgage Bankers Association announced the members of its 2023 Affordable Homeownership Advisory Council. Charles Lowery, director of legislative policy and external affairs at New American Funding, and Julie Steinhagen, senior vice president and regional manager of community lending at The Huntington National Bank, will serve as the council’s co-chairs. The council is staffed and managed by MBA’s Jorden Gonzales-Richard, program and policy specialist of affordable homeownership.