The Honorable Joseph J. Murin is currently vice chairman of Chrysalis Holdings. He originally joined the company as its non-executive Chairman in September 2012. Chrysalis Holdings includes companies in the analytics and mortgage sectors. It also operates a university that specializes in the licensing and training of mortgage bankers and includes NewDay USA Foundation which is a philanthropic organization that provides aid and resources to our nations� veterans. In addition to his Chrysalis Holdings duties, he also serves as the Chairman of JJAM Financial, a financial services holding company.Murin joined ANC Acquisitions in July 2011 as its CEO. ANC is a Fortress Investment Group financial services company founded to provide products and services to the financial services industry specializing in the areas of mortgage lending, mortgage servicing, asset-based lending, compliance and analytics.Mr. Murin is the former Chairman of The Collingwood Group, which was co-founded by Mr. Murin and Brian Montgomery, former FHA Commissioner, in 2009. After co-founding The Collingwood Group, Mr. Murin and Mr. Montgomery immediately merged their organization with Capital Financial Solutions, a Washington, DC-based consulting firm. The Collingwood Group�s primary focus is in the financial services sector and offers business advisory services combined with access to decision makers, financial sponsors, corporate boards and senior industry executives. The company also provides business development opportunities and initiatives through commercial and government contracts, utilizing minority- and women-owned businesses as well as capital investments in small businesses.Prior to co-founding The Collingwood Group, Mr. Murin was President of the Government National Mortgage Association (Ginnie Mae), after being nominated for the position by President Bush on October 11, 2007. He served as a consultant to the White House until he was confirmed by the Senate in June 2008. During his tenure with Ginnie Mae, Mr. Murin oversaw its mission to make affordable housing a reality for millions of low- and moderate-income households across America, and he also led the transformation of Ginnie Mae through a difficult time in the housing and mortgage arenas. Under his leadership, Ginnie Mae continued to provide much needed liquidity to the industry as it grew its portfolio from $350 billion to $840 billion and grew its penetration in the Asian markets from 30% to 48%. In addition to the substantial growth of the organization, Mr. Murin directed the formation of a comprehensive risk management initiative.Preceding his nomination to serve as President of Ginnie Mae, Mr. Murin was with the U.S. Department of Housing & Urban Development, to which he brought more than 40 years of diverse experience in the financial services, mortgage and banking industries to the Agency � experience that includes the position of CEO of a number of financial organizations such as Century Mortgage, Basis 100, Lender�s Service Inc., and MSNi LLC. He began his career with Pittsburgh National Bank in 1972.Mr. Murin holds a Bachelor�s degree in Business from National Louis University. He is actively involved with the board of trustees as Investment Committee Chairman for Point Park University in Pittsburgh, PA and Chairman of the Governance committee of the board of directors for Cherry Hill Mortgage Investments. He and his wife, Angela, reside in Pittsburgh and have two daughters and five grandchildren.
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