Gateway Mortgage Group has announced that Molly Reed Davis has been named chief credit and compliance officer where she is responsible for overseeing all compliance policies and procedures as well as managing credit relationships for the company. Davis has more than 25 years of senior level management experience in the mortgage industry. Prior to joining Gateway, she was the assistant vice president of third party origination credit administration for MetLife Home Loans where she managed all aspects of counter-party risk related to more than 2,000 brokers and correspondents. Previously, Davis served as senior vice president of credit policy and retail operations for CitiMortgage, vice president of production support for Capstead Inc. and vice president of central region correspondent operations and production support at Countrywide Home Loans Inc.
“Gateway has shown great resilience through this housing downturn by adapting to market needs,” said Davis. “I am happy to be a new part of this innovative team and am dedicated to using my knowledge to mitigate risk and manage compliance while continuing to foster growth.”
“Molly brings many years of invaluable experience to the company and is a great addition to our team to oversee compliance efforts,” said Kevin Stitt, president of Gateway Mortgage Group. “Regulatory compliance continues to be a top challenge for lenders and no growth plan is complete without significant care being taken in this area. Her extensive knowledge regarding risk management in both retail and correspondent lending will be of great value to Gateway as the company expands its market share in other lending divisions.”
