Former HOPE NOW Executive Faith Schwartz Named SVP of Government Solutions for CoreLogic
CoreLogic has announced the appointment of Faith Schwartz as senior vice president of government solutions. In her role, Schwartz will lead and manage CoreLogic business relationships and execution with U.S. financial regulatory agencies, government-sponsored enterprises (GSEs), and other selected federal agencies. Her responsibilities will include thought leadership, policymaker education and managing the CoreLogic government business. Schwartz will lead the team charged with the delivery of innovative solutions that help monitor the health of the U.S. mortgage industry and provide insight into the dynamically changing risk environment in origination, servicing and asset management. These solutions combine the full range of CoreLogic industry-leading data, analytics and outsourced services to uniquely complement and enhance current risk management practices.
“Faith’s considerable experience serves as the foundation for her deep understanding of the relationships binding government, consumers and the real estate and mortgage finance industry,” said Ben Graboske, senior vice president of real estate and financial services, global sales and client strategy for CoreLogic. “Her broad industry knowledge and effectiveness as a business leader will help CoreLogic to further develop key relationships in government and strengthen our ability to successfully serve this important market. We are delighted to welcome her to this new leadership role.”
Schwartz was most recently executive director of the HOPE NOW Alliance, a non-profit coalition created in 2007 at the request of former Secretary Henry M. Paulson Jr. of the U.S. Department of the Treasury to bring together servicers, lenders, investors, Federal Reserve Banks and the GSEs. HOPE NOW fills an important role of public-private partnering with regard to policy discussions with industry and government, implementation of the HAMP legislation, and a coalition of diverse partners to find solutions for homeowners at risk of losing their homes. In this role, she created and founded HOPE LoanPort, an independent non-profit institution to provide a communication loan workout vehicle for borrowers, counselors and investors.
Schwartz started her career in mortgage banking with Dominion Bankshares Mortgage Corporation, where she managed risk analytics, pricing and secondary marketing trading and operations. During her career, Schwartz has also served as executive vice president for TMC Mortgage, chief operating officer for Fieldstone Mortgage, and as an advisor to Dover Mortgage LP. While at Freddie Mac (FHLMC), Schwartz served as director of Alternative Markets, Structured Transactions and National Sales, where she was instrumental in developing some of the first data collection efforts supporting alternative markets. Prior to accepting the opportunity to lead the HOPE NOW Alliance in 2007, Schwartz led Public Affairs and Enterprise Risk Management at Option One Mortgage Corp.
She currently sits on the boards of HOPE LoanPort and Mortgage Cadence, and is a past president of Women in Housing and Finance (WHF). She has served on the Federal Reserve Board’s Consumer Advisory Council, the NCRC Mortgage Advisory Council, and the boards of the Mortgage Bankers Association of America and the Asian Real Estate Association.
Schwartz holds a bachelor’s degree from Shippensburg University and a master’s degree in business administration from the University of Pittsburgh.
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