Alanna Brown

Alanna Brown

Work History

Work History
Apr 2012 - Present

J.P. Morgan Chase

Vice President, Servicing Portfolio & Product ManagementFannie Mae, Freddie Mac, FHA, Ginnie Mae, VA and USDA

2002 - Mar 2012

FANNIE MAE

Senior Director, Strategic Initiatives-Servicing (2008-Present)Lead the program strategy and development division with a $7.5 million operating budget to support the corporate and national home retention business. Develop and execute portfolio strategies focused on mitigating credit losses, assisting homeowners in keeping homes, preserving neighborhoods, and managing delinquent assets to reduce credit loss; Lead go-to-market activities and servicer execution for new housing programs and products. Work with the country's largest mortgage servicers on execution and portfolio management campaigns.

Created and built a new business to address housing crisis by developing strategies to manage a portfolio of 19 million mortgage loan assets, including non-performing loans. Hired staff, established infrastructure, and marketed and deployed new products to financial services clients and community partners.

Collaborated with the Obama Administration to develop and implement the ‘Making Home Affordable' program. Interfaced with the Treasury Home Preservation leadership team and industry stakeholders to create, analyze, revise, and finalize policy. Led the implementation team for national program roll out.

Established strategic partnerships with the top U.S. home lending institutions to design and introduce large-scale product and policy initiatives. Instituted programs that saved the company and taxpayers millions of dollars in credit losses, kept over 135,000 families from losing their home, and prevented 70,000 foreclosures in 2010. 

Director, Single Family Marketing Services (2007-2008)Oversaw a team of account managers and portfolio specialists that executed marketing and communications initiatives for the single family mortgage business. Collaborated with senior leadership teams to create and execute internal and external communications, PR, and marketing programs. Delivered tangible business results with strategic marketing initiatives:

Spearheaded development and launch of a multi-million dollar proprietary real estate network program, HomePath (www.homepath.com), that enabled property marketing and offered single family REO and financing options.

Launched a national foreclosure prevention campaign in partnership with HOPENOW; collaborated with banks and counseling agencies to host 40 national consumer events; coordinated local print and media coverage, wrote press releases, and formed alliances with politicians and officials; program assisted 30,000 homeowners in 2008. Initiated policies and programs, and delivered communication and training to banking partners on new policy guidelines in response to the market downturn; introduced a streamlined modification government program, new refinancing options, pricing changes, affordable and community lending products and acquisition policies.

Director, Program Management - Finance (2006-2007)Selected by the CEO to participate in a special project to evaluate financial accounting operations and disclosures issues. Led a 40-person team; maintained a $30 million budget; managed external auditor relationship; and oversaw resource allocation, risk management, technical writing and drafting, policy development, operations, training and communications. Secured several complex contracts and procured vendors that were instrumental in completing the project on time with proper documentation and compliant procedures.

Completed one of the country's largest financial accounting restatements and re-audits in history.

Developed and documented policies and protocols to manage complex financial accounting processes, and built a reporting system for three core business areas.

Senior Product Manager, Product Development (2002-2006)Managed a 5-person staff and $1 million operating budget to support marketing, training, and communications initiatives for the single family product development division. Produced marketing collateral and designed training for key industry partners to drive product adoption.

Designed a business-to-business (B2B) online product platform for customer training, outreach, and communication, which created a cost-effective efficient solution to reach more customers and launch new products. Conducted 100 training programs for thousands of customer staff on numerous topics.

Led product development, design, content development, and implementation; created marketing strategy; and established partnerships with key lending partners, which resulted in a cutting-edge technology that generated thousands of leads, 150,000 listings, and over 80,000 home sales. 

Developed and documented policies and protocols to manage complex financial accounting processes, and built a reporting system for three core business areas.

2001 - 2002

EL PASO ENERGY

Senior Manager, Public Relations & Government AffairsDesigned and executed communications to drive awareness of company mission and brand and educate Congress and other key industry stakeholders. Implemented communication strategies and managed risks related to current events, news headlines, and policy. Led communications crisis response team and Congressional response inquirty task force.. Launched key programs, including annual reports, Board and analyst presentations, corporate website, Congressional inquiry response/Q&A's, and marketing materials. Conducted newsroom research and analysis to produce new stories, letters to editors, press releases, policy memos, and other positive public relations information. 

Developed and instituted online corporate emergency response plans for internal pipeline groups, which included detailed documentation of emergency, evacuation, field, regulatory, and media response protocols for catastrophic or major pipeline emergencies. Received the CEO Excellence Award for the implementation of the corporate business resumption and communications strategy.

Education

University of Maryland UC

Master of Business Administration (MBA), Marketing - 2005

University of Houston

Bachelor of Arts, Communications - 1996

Program Management

Managed large scale, multi-faceted programs, policy forums and advisory groups including:Housing Industry Advisory CommitteeFormed a consortium of the largest U.S. financial institutions, mortgage insurers, GSE's and other investors to ensure appropriate operational, technological and policy considerations were transparent across groups. Led key research activities and related pilots and developed summaries that were shared across the committee with key inputs from members.Making Home Affordable Program OfficeCreated the team commissioned to administer the Making Home Affordable program for the Obama Administration as part of the Emergency Economic Stabilization Act of 2008. Led sub-committees on policy design, servicer execution and contracting, budget administration and implementation. Required industry stakeholder engagement from all aspects of housing including non-profits, Congress, Executive office, financial institutions, realtors (NAR), consumer advocates, and industry trades (MBA, ABA, ASF).Fannie Mae Financial Restatement and Re-audit Program OfficeManaged financial restatement programs across the enterprise, leading a team to execution timelines and final restated numbers. Required extensive analysis, collaboration with Auditors, examiners, legal and business teams. Responsible for the working groups focused on: low income housing tax credits (LIHTC), troubled debt restructuring, tax accounting, derivatives and debt accounting, Multi-family American Communities Fund (ACF), and independent price verification.

Housing Task Force Co-Chair - Women in Housing and FinanceOrganize task force responsible for bringing housing leadership at the federal and local level to the WHF members. As committee chair, responsible for outreach to Congressional speakers on key housing topics, executives and economists from industry, non-profit housing partners and others on hot agenda topics in housing and finance issues.

Early Career

Director of Business/Vendor Development and Online Strategy, ENRON, Houston, TX, 2000-2001

Vendor management and integration lead

Business development and new program strategy

Business Manager & Process Consultant, HIBERNIA BANK, Houston, TX, 1999-2000

Retail banking, lending and compliance training development (instructional design, content development)

Retail Banking & Lending Sales Force Manager, WASHINGTON MUTUAL BANK, Houston, TX, 1994-1999

Retail banking and lending product managerPolicy and compliance trainer (banking and lending)

Merger & Aquistion strategy team 

Real Estate Sales (REALTOR), Prudential Real Estate, Houston, TX, 1997-2002

Residential real estate sales and rental

Summary

Background: A financial services strategist with broad industry experience, including mortgage finance, housing policy, banking, capital markets and marketing. Leverage a complement of critical and creative thinking to devise innovative product, policy, and process initiatives. Expert in product development and delivery, program management, and strategic planning and execution in consumer financial products and services. Deep understanding of the quantitative and qualitative measures for analyzing critical policy and program issues. Strong commitment and advocacy for affordable housing, foreclosure prevention, and neighborhood stabilization and revitalization efforts. Extensive work with key industry stakeholders on the housing recovery, including regulators (FHFA, OCC, FDIC), Federal Government (Treasury, White House/NEC, Federal Reserve, Congress) and private industry (large financial institutions/banks, Mortgage Insurers, GSE’s, housing counselors).

Key Strengths and Expertise:

  • Program development and management
  • Strategic planning
  • Policy & Process design
  • Training and marketing program development
  • Research and analysis
  • Regulatory Compliance
  • Business development and expansion
  • Communications & Marketing (writing, public speaking)

Research Projects

Contributor to major Industry Research Collaborations (Unpublished):

White House National Economic Council Working Group - 2010

Government Sponsored Short Sale Purchase Pilot.

Principal Forgiveness on Mortgages - 2010

Study on consumer behavior and impact of principal write-down on mortgage industry including white paper and pilot test with one of the top 3 U.S. financial institutions.

Strategic Default - 2011

In depth analysis and study on borrowers who strategically walk away from their mortgage, credit implications and assessment of borrower characteristics. Research conducted with Oliver Wyman, Experian, the University of Chicago.

Shared Equity Structures to address the housing crisis and negative equity - 2009/2010

Study conducted on impact of home price declines on national level and potential programs that can be developed to address the growing issue. Research involved consumer study, industry assessment and pilot development with one of the largest national lenders.

National Policy and Portfolio Analysis- 2009-2011

  • Unemployment Program
  • State Hardest Hit Funds and Emergency Home Loan Program (Treasury and HUD)
  • Distressed Consumer Research and Foreclosure Prevention options (Ideas42-Harvard and IFC)

Certifications