Mortgage securitization administrator Common Securitization Solutions has named Farhad Fariba EVP and Chief Technology Officer, the company announced in a press release.
In his new role, Fariba will spearhead efforts to develop CSS’s technology strategy, as well as oversee infrastructure, software development, cybersecurity, and emerging tech. He will report directly to CEO Tony Renzi.
“CSS is thrilled to welcome Farhad to our executive management team,” said Renzi. “Farhad brings a wealth of experience and expertise in the technology industry and has an outstanding track record of driving innovation, developing scalable business solutions enabled by technology, and most importantly leading high-performing teams.”
Prior to joining CSS, Fariba served as SVP, IT Platforms and Services with Travel & Leisure Co. His background includes a wealth of experience across different industries, including VP, Technology Shared Services and Service Management at Trellix; VP, IT Infrastructure & Technology Shared Services at McAfee; and VP, Enterprise Architecture, IT Operations & Engineering at Freddie Mac.
His other experience includes leadership positions at Ally Financial, MGM Resorts International, EDS (HP), McGraw Hill, and Standard and Poors Comstock.
“The CTO position is a critical leadership role within CSS. Farhad will play a pivotal role in helping CSS shape our technology strategy, driving transformative initiatives, and ensuring the alignment of our technology goals with our overall business objectives,” Renzi said.
CSS is a mortgage securitization administrator in the financial services industry issuing and servicing Fannie Mae and Freddie Mac UMBS’ and other multi-class securitization structures. It administers over 1 million securitization structures representing 30 million loans and outstanding principal balances of more than $6 trillion dollars. Their monthly processing volume routinely exceeds $400 billion.