HUD Housing Exec Joins Centennial Mortgage Team

""Centennial Mortgage, Inc."":http://www.centennialfhaloans.com/index.html (CMI), an Indiana-based mortgage bank providing funding through HUD- and U.S. Department of Agriculture-insured loan programs, added one of HUD's own to its staff. Reneé Greenman, formerly the agency's Seattle Multifamily Hub Director, joined the company as managing director.

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Working for HUD, Greenman, streamlined the Federal Housing Administration's (FHA) program delivery in an effort to preserve and increase affordable housing in Northwest markets. She also oversaw a portfolio of 1,225 properties involving more than $240 million in annual subsidy payments with a total mortgage obligation of more than $3 billion.

She also earned praise for the focus she brought to continuous improvement strategies at HUD, including her pioneering of a ""lean"" management style designed to reduce waste and increase productivity.

""Ms. Greenman possesses exceptional talent and proven expertise,"" said CMI president Matthew Kane. ""Having known her for many years and witnessed her tremendous work in the industry first-hand, I have immense respect for her leadership and achievements at HUD. Her Lean Initiative Redesign of HUD's Section 232 program was an outstanding success, increasing loan production by 300 percent.

""Given her professional background, Ms. Greenman will be a tremendous asset to our leadership team at Centennial Mortgage, Inc.,"" Kane added. ""Having overseen the same business line that we produce from the other side, she has a well-honed sense of what makes for a solid, risk-mitigated deal.""
For her part, Greenman said she looks forward to putting her expertise to work for CMI.

""The Centennial team really understands the value of implementing the Lean concept all the way through the company, and utilizing that to improve product line and really delight our customers,"" Greenman said. ""Centennial already has a stellar reputation and I'm eager to find ways to move the company even further up the productivity ladder.""