Adolfo Marzol has been appointed to the position of Senior Advisor to the Secretary of the Department of Housing and Urban Development. Following his appointment, he resigned from the Board of Directors of Essent Group Ltd.
Based in Bermuda, Essent is a holding company with two wholly-owned subsidiaries, Essent Guaranty, Inc., which provides private mortgage insurance for single-family mortgage loans; and Essent Reinsurance Ltd., which provides insurance, reinsurance, and advisory services for the mortgage industry.
“I am looking forward to my new role in support of Secretary Carson and the Department of Housing and Urban Development,” Marzol said. “I am thankful for the opportunity to have been associated with Essent as well as to now serve our nation in this role.”
Prior to serving on the Board of Directors for Essent, Marzol served as EVP of the company, a role in which he led public policy engagements on behalf of Essent. Marzol also worked at Fannie Mae for 10 years, and at Chase Manhattan for eight.
“On behalf of the Board, I want to wish Adolfo well in his new role,” said Mark A. Casale, Chairman and CEO of Essent. “Adolfo has been a valued member of Essent and brings with him many years of experience and a deep understanding of U.S. housing finance.”