Centennial Mortgage Adds Longtime HUD Vet Renee Greenman – NMP Skip to main content

Centennial Mortgage Adds Longtime HUD Vet Renee Greenman

Feb 12, 2014

Centennial Mortgage Inc. (CMI) has announced the appointment of U.S> Department of Housing & Urban Development (HUD) veteran Reneé Greenman as managing director of the South Bend, Ind.-based company. In her new position at CMI, Greenman will manage the underwriting and processing of loans for multifamily and senior housing and healthcare facilities under various programs insured by HUD and the USDA. As part of her responsibilities, she will focus on developing and implementing new policies, procedures and programs at CMI, as well as streamlining existing ones. Greenman will work out of the company's Seattle, Wash. office. Prior to joining CMI, Greenman served as HUD's Seattle Multifamily Hub Director. In this role, she emphasized the importance of exemplary customer service and preservation of affordable housing. She also streamlined FHA program delivery in an effort to preserve and increase affordable housing in the Northwest markets of Washington, Alaska, Oregon and Idaho. She oversaw a portfolio of 1,225 properties, involving over $240 million in annual subsidy payments and with a total mortgage obligation of more than $3 billion. A champion of innovation in the mortgage insurance industry, Greenman is renowned for the focus she brought to continuous improvement strategies at HUD, including pioneering a Lean practice for the agency. Lean is a management style that focuses on reducing waste and increasing productivity to enhance value for the customer. In 2008, she led a pilot Lean Initiative Redesign for HUD’s Section 232 Health Care Facilities program and subsequently served as the program's National Field Operations Director for three years. “Ms. Greenman possesses exceptional talent and proven expertise,” said Matthew Kane, president of CMI. “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.” In addition to her contributions to HUD's Section 232 program, Greenman also served on the FHA Commissioner’s National Process Improvement Task Force. In this capacity, she focused on strategies to continuously improve HUD's Multifamily Housing programs, which are currently being implemented nationwide under the FHA Multifamily Breaking Ground Development Initiative and the Sustaining Our Investments Asset Management Initiative.  “Given her professional background, Ms. Greenman will be a tremendous asset to our leadership team at Centennial Mortgage Inc.,” Kane said. “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.” A longtime employee of HUD, Greenman first joined the government organization in 1987 after several years working in the private real estate sector. During her tenure at HUD, she received post-graduate training from the Society of Real Estate Appraisers, the Center for Creative Leadership, the University Of Maryland School Of Public Affairs and Portland State University’s Department of Community Planning and Development. Greenman looks forward to using her expertise to help CMI improve even further upon its impressive track record. “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.”
Feb 12, 2014