Walter Investment Management appoints three executives
Mr. Young and Mr. Cranny are expected to join the Company October 24, 2016 and Ms. Monahan is expected to join November 1, 2016.
Alfred W. Young, Jr. joins as chief risk and compliance officer.
Mr. Young joins Walter with a deep background in risk governance and federal regulatory experience, and particularly experience in credit risk management, portfolio management, loan servicing, portfolio and bank acquisitions, modeling and analytics.
Mr. Young most recently served as Director of Risk Analytics with the Office of the Comptroller of the Currency's Supervision Risk Management division. He held leadership positions in the OCC's Large Bank Supervision uni.
In addition to his eight years of regulatory experience, from 1993 to 2008, Mr. Young held various compliance- and risk-related roles at midsize and large national banks, including Star Bank, Provident Bank, Fifth Third Bank, Commerce Bank and Toronto Dominion.
Mr. Young holds a Master of Business Administration from the University of Cincinnati and a Bachelor of Science in Business Administration from Fitchburg State University.
Elizabeth F. Monahan joins as chief human resources officer.
Ms. Monahan joins Walter with significant success championing and implementing change, providing strategic direction and motivating employees at all levels within an organization.
Over her more than 27-year career, Ms. Monahan has led the Human Resources functions for diverse businesses, complex global organizations, and start-up companies including Quintiq, Homeward Residential, De Lage Landen and most recently, Assero Services.
Ms. Monahan began her career in GMAC's Residential Finance Group, where she advanced to become the organization's senior human resources executive. She served as the senior human resources leader on acquisition teams for a number of acquisitions, including that of ditech.com.
Ms. Monahan holds a Masters of Counseling Psychology from Rider University and a Bachelor of Science from Penn State University.
Timothy J. Cranny joins as Ditech Financial's senior vice president of Performing Loan Servicing.
Mr. Cranny joins Walter with over 25 years of experience in all aspects of financial services operations, including serving as a Managing Director at CitiMortgage.
Most recently, Mr. Cranny served as Managing Director for Citigroup's Branded Cards business.
He holds a Bachelor in Finance Degree from Arizona State University. ■