Freddie Mac has a team of more than 500 dedicated professionals with capital markets experience. Meet a few of the many key staff who work on Freddie Mac’s K Certificate multifamily mortgage–backed securities
David M. Brickman, Senior Vice President Multifamily
As head of Multifamily, Brickman is responsible for the more than $173 billion total multifamily portfolio. His responsibilities include asset management, capital markets, securitization customer relations, product development, marketing, sales, loan purchase, research and model development for the company’s multifamily business, which includes the flow mortgage, structured and affordable mortgage, CMBS and low-income housing tax credit portfolios. As a member of the company’s management committee, he reports directly to the CEO.
Brickman has been responsible for the development and execution of Freddie Mac’s successful K Certificates securitization program and the current financial risk framework used for all multifamily investments. He is also the architect behind several of Freddie Mac’s innovative multifamily financing products, including the Capital Markets Execution, Reference Bill ARM, the fixed-to-float suite of products and the Performance-Based PC. He joined Freddie Mac in 1999, and holds a master’s degree in public policy from Harvard University and a bachelor’s degree from the University of Pennsylvania. David is a professorial lecturer in Finance at George Washington University and an adjunct professor of Finance at Johns Hopkins University. Brickman's full bio.
John Cannon, Senior Vice President, Production & Sales
Mr. Cannon joined Freddie Mac Multifamily as head of Production and Sales in February 2012. John’s most recent role of executive vice president of Berkadia Commercial Mortgage as head of the agency operation sets him up well in further expanding Freddie Mac’s business reach. Prior to Berkadia, John oversaw what was then Capmark Finance's loan production platforms and served as liaison between the lender, the housing finance agencies and conduit lenders.
Mike Lipson, Senior Vice President, Asset Management & Operations
Mike Lipson joined the company in June 2011 as Senior Vice President, Multifamily Asset Management and Operations. Lipson oversees the $127 billion servicing portfolio, as well as technology initiatives for the division. Mr. Lipson recently served as president and CEO of Berkadia Commercial Mortgage, LLC. Prior to that, he was executive vice president of Capmark Finance where he managed the master, primary and special servicing platforms in the U.S., Europe and Asia before assuming oversight of the origination, underwriting and closing of loans through Freddie Mac, Mae DUS, HUD, FHA and conventional sources. Mr. Lipson’s career also includes founding the Lexington Mortgage Company in Vienna, Virginia, and serving in officer roles at York Associates in Bethesda, Maryland and DRG Financial Corporation in Washington, DC. He holds a Bachelor of Arts in Political Science and a Masters of Science in Real Estate & Urban Development Planning from The American University. He is also a Certified Mortgage Banker (CMB).
Deborah Jenkins, Senior Vice President and National Head of Multifamily Underwriting and Credit
Jenkins manages the underwriting and credit approvals for all Multifamily debt investments, and the underwriting and credit staff at Freddie Mac offices across the country. She also managed and developed the underwriting process for multifamily loans eligible for securitization. Jenkins brings 20 years of experience in the commercial finance industry to her position. Prior to joining Freddie Mac in 2008, she was a senior vice president and senior underwriter in the CMBS division of Wells Fargo in Birmingham, Michigan where she spent 7 years managing a CMBS underwriting team. Prior to that, she spent 7 years as a partner and senior vice president in the CMBS and Mortgage Banking groups of Bloomfield Acceptance Company. Jenkins has participated in and spoken at various industry related conferences, seminars and industry trade meetings. She holds a master’s degree in Corporate Finance from Walsh College, and a bachelor’s degree in Corporate Finance from Wayne State University.
Mitchell Resnick, Vice President, Loan Pricing & Securitization
Resnick heads pricing for all multifamily loan purchases, capital deployment and marketing for all securitizations including the K–deal program. In addition, he manages the relationships with securities investors and the broker/dealer community. Prior to joining Freddie Mac in 2011, Resnick was a vice president in the Real Estate Finance Group at Goldman, Sachs & Co in New York. In this role he was the co-head of the Capital Markets area where he was responsible for the pricing and distribution of commercial real estate loans. During his 15-year career at Goldman, he also ran the Structured Products Syndicate Desk in London as well as the secondary CMBS trading book in New York. Earlier in his career, he gained experience as an underwriter and analyst for commercial real estate loans. Resnick holds a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania.
Victor Pa, Vice President, Multifamily Investments & Advisory
Pa manages Freddie Mac’s more than $100 billion Multifamily and CMBS portfolio and the securitization and securities trading functions for multifamily mortgages and securities, including K Deals. He brings 20 years of experience to this position and has a strong background in portfolio management, structuring of mortgage cash flows, analysis of credit and market risks, and structured pricing. He joined the Multifamily Division in 2004 and started his tenure at Freddie Mac in 1991 in the Financial Research Division. He has served as CFA grader for several CFA exams. Pa holds an MBA in Finance and a bachelor’s in Engineering with a minor in Mathematics, both from Virginia Tech, and the Chartered Financial Analyst designation.
Robert Koontz, Senior Director, Multifamily Structured Transactions for Capital Markets
Koontz manages the Multifamily Structured Transactions group responsible for the securitization of a variety mortgage products included in the K-Certificate transactions. In this role, he oversees all deal management and execution activities including the CME pipeline management, investor and rating agency due diligence and external party relationship management. In addition, he is instrumental in the development of new securitization structures and other innovations to the securitization program. He brings 11 years of commercial mortgage securitization experience as a deal manager executing fixed rate conduit and fusion transactions as well as floating rate, single borrower, single asset, seasoned, synthetic and franchise structured transactions. Prior to joining Freddie Mac in 2008, he held vice president positions at Wachovia Securities and Bank of America Securities. Koontz has a bachelor of science in Business Administration – Finance from the University of South Carolina.
Kelly Brady, Managing Director of Underwriting
Brady is responsible for large loan approval and quality control for all Multifamily loans purchased by Freddie Mac with the intent to securitize as part of the Capital Markets Execution (CME) program. Through her 13 years of experience in commercial real estate lending, including CMBS underwriting and execution, she has gained a strong understanding of real estate fundamentals, credit risk and CMBS markets. She joined Freddie Mac in 2008 as part of the CME pilot team. Prior to that, she held a vice president position at Wells Fargo and underwriting positions with mortgage banking firm, Bloomfield Acceptance Company. Brady has a Bachelor of Business Administration in Finance from the University of Michigan.