Fannie Mae Unveils eBusiness Leadership and Organizational Structure Changes

WASHINGTON, DC–Launched in July, Fannie Mae/eBusiness division now has a new organizational structure, management team and long-term goals. The division has an expected on-line business-to-business volume of $450 billion in the secondary market, according to company officials.

Franklin D. Raines, Fannie Mae chairman and CEO, recently announced the promotion of David Voth to chief product development officer; David Coleman tomanaging director, business services; Michael Koch to managing director,marketing; and Peter Kopperman to managing director, business engagement.Fannie Mae/eBusiness is led by a senior team, which includes MichaelWilliams, president; Vada Hill, chief marketing officer; David Voth, chiefproduct development officer; Earl Thomas Booker, managing director, businessdevelopment; Terri L. Davis, managing director, sales and consulting; DanielPacker, managing director, systems development; and Harvey Trimble, managingdirector, e-solutions.

As chief product development officer, Voth will report directly to MichaelWilliams and will be responsible for developing and implementing e-commerce strategies that are designed to deliver a broad set of new solutions for Fannie Mae customers. Voth will lead the Fannie Mae/eBusiness effort to design and enhance e-commerce frameworks and business models to ensure that customers can execute their own e-commerce strategies.

As managing director, business services, Coleman will be responsible for all aspects of design, construction and deployment of the Fannie Mae/eBusiness technology platform, MorNetPlus 2000. This platform provides the company’s lender partners with access to an industry leading, end-to-end, online mortgage solution including origination services, processing, underwriting, closing, and delivery of mortgages 24 hours a day, seven days a week.