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Mark R. Danahy, former Citibank managing director-head of originations, will join KeyBank to expand and grow its residential mortgage business. Danahy will serve as president of KeyBank Mortgage and will report to E.J. Burke, co-president, Community Bank.
"Mark is an innovative, strategic leader who knows the mortgage business from top to bottom, from sales through to servicing," Burke said. "He has the acumen and imagination to develop fair, convenient and competitive mortgage solutions for KeyBank's clients across our 12-state banking footprint. We believe Mark will be a driving force in growing KeyBank's mortgage's operations."
For his part, Danahy said he values KeyBank's collaborative culture and commitment to embracing change and innovation.
"We see mortgage as the cornerstone of our relationship with clients," Burke said. "We know for clients, buying a home is likely to be the largest single purchase they ever make. We are committed to making this important purchase as simple and straightforward as we can."
Danahy was responsible for U.S. mortgage strategy at Citibank, then the fifth largest U.S.-based mortgage company. Before joining Citi, Danahy was president and CEO for PHH Mortgage, then the fourth largest retail originator of residential mortgage loans in the United States. Danahy has more than 25 years of experience in the mortgage industry.