Don Palumbo is Fannie Mae�s Vice President, Credit Portfolio Management. Reporting to the Senior Vice President � Credit Portfolio Management, Palumbo is responsible for leading the company�s servicing management teams, which work with servicers to implement programs and policies focused on keeping people in their homes, stabilizing neighborhoods, and protecting the interest of the taxpayer.�Experience: Previously, Palumbo was Vice President � Making Home Affordable (MHA) and Reverse Servicing Management, with responsibility for helping to implement the U.S. Treasury Department�s MHA program and providing servicer oversight of Fannie Mae�s reverse mortgage portfolio. Before that, as Vice President � Enterprise Operations Business Initiatives, he led strategic initiatives aligning business and operations priorities with technology plans for Capital Markets and Single-Family Operations. Earlier in his Fannie Mae career, Palumbo was Vice President � Capital Markets Business Initiatives; Vice President � eBusiness Pricing and Execution; and Director � eChannel Pricing and Execution.Before joining Fannie Mae in 2001, Palumbo was the Chief Operating Officer of a boutique technology firm, and he led product management, sales, business development, and customer service operations for mortgage technology products at Concentrex, Inc. Prior to that, he was Mortgage Dynamic, Inc.�s Lead Secondary Marketing Consultant for national and regional mortgage operations on origination pipeline risk management strategies, best execution, whole loan valuations, and servicing asset valuations. His mortgage career began in 1987 with a mid-sized thrift in Arizona.Palumbo has a bachelor of science in business from John Brown University.
Like what you see? Make sure you're getting it all
Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services.