Common Securitization Solutions Names CRO

Common Securitization Solutions Names CRO

March 24, 2021
Embrace Home Loans formed a partnership with Ameriprise Financial that will provide Ameriprise's wealth management advisors and clients with mortgage financing and services

Photo of Louis GlinnCommon Securitization Solutions named Louis Glinn (photoed right) as chief risk officer for the firm, effective April 12.

Through its cloud-based platform, CSS manages the issuance and ongoing service of Fannie Mae's and Freddie Mac's Uniform Mortgage-Backed Security (UMBS) and complex multi-class securitization structures processing $400 billion in mortgage securities each month, according to a press release.

"Our risk and control environment is paramount to a safe and sound U.S. housing finance system and requires an expert at the helm," said Tony Renzi, CSS's CEO.

In his new role, Glinn will lead the company's Enterprise Risk Management Program, managing the company's overall integrated risk appetite framework, including its enterprise-wide processes and systems for identifying and reporting current and emerging risks. Glinn joins CSS from Cenlar FSB, where he most recently served as chief risk officer. Glinn has also held a variety of senior risk roles with S&P Global, Inc., JPMorgan Chase, and Ally Financial.

Servicing

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