Most recently, Renzi was president and chief operating officer of New Jersey-based mortgage subservicer Cenlar FSB. Before that, he was CEO of Philadelphia-area mortgage servicer and originator Ditech Holding Corp.

Renzi succeeds David Applegate, who previously announced plans to step down by year-end.

Common Securitization Solutions, or CSS, is a joint venture between Fannie Mae and Freddie Mac that has a key role in running the technology platform that supports the new Uniform Mortgage-Backed Security.

Read the full article from the Philadelphia Business Journal.