PHH Corporation (PHH), headquartered in Mount Laurel, New Jersey announced that Albert Celini has joined the Company as SVP, Risk and Compliance. Celini will succeed Leith Kaplan and assume the role of Chief Risk and Compliance Officer of PHH Corporation, effective January 1, 2018. Kaplan, who has served as the Company’s Chief Risk and Compliance Officer since 2014, will continue to serve in this role through December 31, 2017. Celini will report to President and CEO Robert Crowl.
Upon the announcement Crowl said, “As we execute against our key priorities and transition our business, we remain focused on compliance and enterprise risk management as fundamental components of our business strategy. Al’s proven track record and extensive experience in this field, combined with his background working in the mortgage and financial industries, make him a strong fit for the role and PHH. We are pleased to have him on board and look forward to his leadership and insight as part of our management team.”
Albert Celini most recently was a Risk Management Consultant with Newbold Advisors LLC, a professional services firm, and Common Securitizations LLC, a joint venture between Fannie Mae and Freddie Mac, helping organizations implement comprehensive risk, compliance and regulatory solutions. He previously served as EVP and Chief Risk Officer of Sun National Bank where he was responsible for the development, execution, and oversight of the Bank’s enterprise risk management framework.
Prior to his role at Sun National Bank, Celini served as VP, Single Family Regulatory Affairs and Strategy at Freddie Mac, and spent nearly a decade at Ally Bank (formerly GMAC Bank) serving as its founding CFO, Chief Risk Officer, and Director of Lending Development. During that time, he oversaw the Bank’s finance, risk management, regulatory governance, and prime asset growth activities as the Bank grew from its de novo start-up to maturity. Before joining Ally Bank, Celini spent 12 years at Citigroup as a Financial Controller and began his career at Arthur Andersen.
PHH Mortgage is one of the largest subservicers of residential mortgages in the United States. PHH Mortgage provides servicing and portfolio retention solutions to investors of mortgage servicing rights, financial, and wealth management institutions, regional and community banks, and credit unions.