has announced the appointment of 40-year industry veteran and former executive vice president with Freddie Mac, David Lowman, to its board of directors. As EVP of Freddie Mac, Lowman led the transformation of Freddie Mac’s Single-Family business to a client-centric, commercial enterprise. Under his leadership, the company embraced a culture of innovation and growth, which culminated in Freddie Mac achieving portfolio and market share growth.
“Roostify is transforming the industry, and I am pleased to be part of their journey and provide my expertise to the team,” said Lowman. “Roostify is uniquely positioned to bring the best solutions to lenders and provide a superior remote experience that is critical, especially given the dynamic market conditions.”
Before joining Freddie Mac, Lowman was the CEO of Chase Home Lending, overseeing $150 billion in annual production and a $1.2 trillion servicing portfolio at what was then the country's third-largest mortgage originator and servicer. Additionally, he spent a decade in senior leadership roles in various Citigroup businesses, where he led the growth and transformation of U.S. and global consumer lending businesses.
“We are excited to have Dave join our team,” said Rajesh Bhat, co-founder and CEO of Roostify. “We believe that his domain expertise, experience operating and scaling large home lending organizations, and leadership position in the industry will help us to propel industry innovation to the next level and will help our lenders best serve their customers.”