The Collingwood Group hired Ray Romano as senior advisor, working with the firm to focus on risk management for consumer and multifamily mortgage products.
He has over 26 years of experience in the areas of credit risk, operations risk, mortgage servicing, financial management, strategic planning, and capital markets.
In his new position, 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 was most recently executive vice president and chief credit officer at Freddie Mac. Before the GSE, where he began as senior vice president of credit risk oversight, Romano held executive level positions with Washington Mutual, North American Mortgage Co., and Dime Savings Bank of New York. 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.
“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, added: “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.