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Analytics firm dv01 recruits former Treasury official as senior adviser

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Data management and analytics firm dv01 has tapped Craig Phillips, a former top aide to U.S. Treasury Secretary Steven Mnuchin, as a senior adviser for the five-year-old firm’s business and product development activities in the mortgage loan space.

As counselor to Mnuchin, Phillips led domestic finance initiatives and housing reform policy while at Treasury. He has also been a managing director at BlackRock, where he led the financial markets advisory group.

He also previously served as head of the securitized product group at Morgan Stanley and was co-head of U.S. asset-backed and mortgage-backed securities at Credit Suisse First Boston.

Phillips’ role will include expanding dv01’s data management, reporting and analytics platform into mortgage-loan data service offerings, with an expected growth in institutional investor demand as more private-label mortgage securitizations come to market.

While at Treasury, Phillips led the Treasury’s efforts to draft plans to get Fannie Mae and Freddie Mac out of U.S. conservatorship. Those plans remained unresolved when Phillips left Treasury in May 2019, but Federal Housing Finance Agency director Mark Calabria has moved forward with plans to return the GSEs into private hands by the end of 2024.

(This story includes material from Bloomberg.)

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