What Happened?
Bethesda, Maryland-based Common Securitization Appointed Craig Ricks as Senior Director IT Risk
About the Company
Common Securitization Solutions (CSS) is a joint venture owned by Fannie Mae and Freddie Mac representing the largest and most efficient securitization service in the world. Through the use of advanced technology, CSS created the Common Securitization Platform (CSP) which serves as the resilient engine for our securitization administration business activities. CSS is an indispensable business partner creating profound value for Fannie Mae and Freddie Mac by managing the issuance of the their Uniform Mortgage Backed Security (UMBS) and complex REMIC securitization structures. CSS manages the disclosure process for new and ongoing securitization issuance, the deal modeling and analysis of complex securitization frameworks, bond administration activities and tax preparation and reporting. Today CSS manages over 1 million securities backed by 27 million mortgage loans for approximately $5 trillion in outstanding principal balances. As an entrepreneurial, forward thinking enterprise, CSS brings together a confluence of industry leading talent and business science in a technology enabled, client focused team approach to create solutions that permit our clients to capitalize upon market opportunities, and/or address internal business, operations and technological challenges in an expeditious and effective manner. CSS prides itself on its ability to attract industry leading talent from a variety of diverse business sectors including global capital markets, technology, business sciences, operations, risk and compliance, and finance. We work together as “one team” with an intense sense of community, innovation and creativity as we create and deliver value for our clients.
About the Person
Craig Ricks is Senior Director IT Risk at Common Securitization. Previously, Craig held various senior IT leadership roles in the industry.
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