Our Board

Matthew R. Feldman is Chair of the CSS Board of Managers. Matt served as President and CEO of the Federal Home Loan Bank of Chicago from April 2008 until December of 2020. He had been with the Bank since September of 2003 and served in several executive capacities, including Chief Risk Officer and Executive Vice President, Operations and Technology.

Prior to his employment with the Bank, Matt was Co-founder and Chief Executive Officer of Learning Insights, Inc. from 1995 to 2003. He conceived, established, financed, and directed the operations of this privately held e-learning company. Previously, Matt was President of Continental Trust Company, a wholly owned subsidiary of Continental Bank, and served in a number of other roles in capital markets, investments and general management during his 15 years there.

Matt holds degrees from Case Western Reserve University and the Kellogg School of Management of Northwestern University where he is a life member of the Kellogg Global Advisory Board and a member of the Kellogg Inclusion Coalition.

Matt serves on the Board of Directors of Recology, Inc., an ESOP-owned, waste management and resource recovery company based in San Francisco, CA, where he is Chair of the Governance Committee and serves on the Audit and Risk Oversight Committees. He served on the Board of Directors of the Office of Finance of the Federal Home Loan Banks. He is a former Chair of the Bank Presidents Conference. Matt is the immediate past Chair of the Pentegra Defined Benefit Plan for Financial Institutions and immediate past Co-Chair of the CEO Council of the Financial Services Pipeline Initiative. He serves as a member of the Board of Trustees of the Evanston Community Foundation where he is Chair of the Racial Equity Task Force, Treasurer; Chair of the Audit and Finance Committees; and a member of the Investment Council. He is also a member of the Board of Trustees of the Beth Emet Foundation and a member of the Racial Justice Committee of Beth Emet Synagogue.

Tony Renzi was appointed Chief Executive Officer of Common Securitization Solutions in December 2019 and added to the Board of Managers as a Director in January 2020.

As CEO, Tony leads the joint venture that represents the largest and most efficient mortgage securitization service in the world. As a business and technology solutions provider CSS is an indispensable business partner to Fannie Mae and Freddie Mac serving as an issuing agent and administrator of their Uniform Mortgage-Backed Security (UMBS) as well as other complex securitization structures. Today CSS supports over 1 million securitizations, backed by over 31 million loans and $6.5 trillion in outstanding mortgage balances.

Tony is an accomplished executive with over 35 years of experience leading top national public and private organizations through dynamic and complex business, operational, and regulatory environments. Prior to joining CSS, he held executive positions as the President and Chief Operating Officer at Cenlar FSB the nation’s largest mortgage sub-servicer; CEO, President and Board Director of Walter Investment/Ditech Holding Corporation, a NYSE traded, top 10 independent mortgage originator and servicer; Senior Managing Director and Chief Operations Officer at Citigroup responsible for CitiMortgage Operations, and Citi’s North America Retail and Commercial Bank operations; Executive Vice President at Freddie Mac responsible for their Single Family Business, Enterprise wide Operations, and Technology; and for 24 years of his career executive leadership positions with GMAC ResCap ultimately serving as President and Chief Operating Officer and Board Director.

Tony has a Bachelor of Arts from Holy Family University and a Master of Business Administration from Thomas Jefferson University.

Devang Doshi is Fannie Mae’s Senior Vice President – Capital Markets, reporting to the Executive Vice President – Single-Family Business. Doshi manages Fannie Mae’s Capital Markets Pricing and Sales Desk, the Credit Risk Transfer program (CAS and CIRT), Structured Transactions, and the Conduit. His teams are responsible for providing liquidity to lenders and the broader capital markets by establishing and implementing credit pricing terms, executing strategies to transfer credit risk associated with Fannie Mae’s Single-Family guaranty business, trading and resecuritizing mortgage-backed securities (MBS) with capital markets participants, purchasing and subsequently securitizing whole loans, and purchasing pools and whole loans using early funding options. Doshi also oversees Fannie Mae’s Securitization Policy team, which ensures proper administration of matters related to the strategic and business value of Fannie Mae securities. In addition, Doshi manages the Investor Engagement & Advocacy team, which develops strategies on how to promote Fannie Mae’s offerings while regularly engaging and educating our investor customers and the Capital Markets Products & Solutions team, which focuses on modernizing our technological capabilities in support of business outcomes.

Previously, Doshi was Vice President – Agency Mortgage Investments at AGNC Investment Corporation (ticker: AGNC) where he worked on the Agency MBS portfolio. Prior to joining AGNC in 2012, Doshi was Vice President of Securitized Products at Citigroup, where he focused on MBS pass thru securities (TBA), the specified pool market, and the collateralized mortgage market (CMOs).

Doshi has a Bachelor of Science, magna cum laude, in Biomedical Engineering from Columbia University.

Jason Dandridge is Senior Vice President of Fannie Mae’s Enterprise Operations. Enterprise Operations designs, improves, and executes the processes and transactions that enable Fannie Mae to deliver value to its customers while managing risk. Jason’s team supports Fannie Mae’s Single-Family and Multifamily business lines as well as Finance and other administrative functions in the company. Operational services include Payment and Securities Processing, Trade-Support Loan Acquisition, Pooling and Securitization, Performing and Non-Performing Loan Servicing, among others. A multi-year transformation strategy will drive improved end-to-end customer back- service delivery, service modernization, risk management maturity, agile software delivery, and leading competencies for operations talent.

Prior to joining Fannie Mae in 2021, Jason was Managing Director at Morgan Stanley, reporting to the Head of Technology, Operations, and Firm Resilience. During his tenure, Jason served in multiple roles including Deputy Head of Technology and Operations Risk (cybersecurity, cyber resilience, fraud prevention, technology, data security, and operations risk management), Head of Strategy and Business Management for Technology and Operations (financial management, Agile, Platform, Cloud, workforce, and automation strategies/business management), Global Head of Fraud Prevention, and Head of the Baltimore People Center (institutional and wealth management operations, cyber, fraud, compliance, and finance. Before joining Morgan Stanley, Jason spent more than 15 years at Capital One, most recently serving as Managing Vice President and Head of Risk Operations for the Retail Bank. In this capacity, he led risk analytics, fraud, claims, collections, recoveries, lending, customer advocacy, and debit operations. He was an instrumental leader in the rollout of Lean, Agile, and Platform for the Retail Bank. Early in his career, Jason was a management consultant with Kearney, focused on supply chain and operations strategy, and a technology consultant with American Management Systems focused on financial services software design and development.

Jason serves on the Board of the non-profit Adoption-Share focusing on improving the lives of at-risk children.

Jason holds a Bachelor of Science in Commerce from the University of Virginia (Management of Information Systems) and a Master of Business Administration from the Wharton School at the University of Pennsylvania (Strategy and Operations).

Jerry Weiss has served as Chief Administrative Officer and Executive Vice President of Freddie Mac since 2010. In this role, he serves as the company’s senior executive liaison to the Federal Housing Finance Agency and the U.S. Department of the Treasury. He oversees government and industry relations and public policy, public relations and corporate marketing, internal communications, conservatorship affairs and initiatives, economic and housing research, regulatory affairs, and Making Home Affordable – Compliance. He is a member of the company’s senior operating committee.

Previously, Jerry served as Freddie Mac’s Chief Compliance Officer and in other senior management roles since joining the company in October 2003.

Jerry has more than 30 years’ experience in the financial services industry. Before joining Freddie Mac, he worked at Merrill Lynch Investment Managers for 13 years, most recently as First Vice President and Global Head of Compliance. From 1982 to 1990, he practiced with a national law firm in Washington, D.C., where he specialized in securities regulation and corporate finance matters.

Jerry graduated Phi Beta Kappa from the State University of New York at Binghamton with a Bachelor of Arts in political science. He earned a law degree from The George Washington University.

Ravi Shankar is the senior vice president and head of the Freddie Mac Single-Family Portfolio & Servicing Division. He is responsible for portfolio management, servicing and the operations and technology that support these activities. He is a member of Freddie Mac’s senior operating committee.

Mr. Shankar brings over three decades of experience managing multibillion-dollar finance, capital markets, portfolios and mortgage trading operations. A financial services veteran whose previous tenure at Freddie Mac spanned from 2013 to 2019, he served initially as senior vice president of Single-Family Portfolio Management and then as deputy head of the Investments & Capital Markets Division. 

Before joining Freddie Mac in 2013, he spent seven years at JP Morgan Chase in several key roles, including chief financial officer, head of Capital Markets, and portfolio manager at Chase Home Finance. Prior to that, he worked in various senior positions with Citigroup for 16 years.

Mr. Shankar holds a Bachelor of Commerce degree from the University of Delhi, India. He is also a Fellow Member of the Indian Institute of Chartered Accountants.

Shelley Leibowitz is a prominent technology advisor, thought leader, director, and investor.  Ms. Leibowitz has spent her career at the intersection of financial services and technology, with both private sector and public sector experience.  Ms. Leibowitz advises large enterprises in areas of digital transformation, IT portfolio and risk management, information security and digital trust, performance metrics, and effective governance. She is a seasoned corporate director and has served on Governance, Investment, Audit, Risk, and Technology Committees; she is also active in the venture investing community with early stage companies.

Currently, Ms. Leibowitz serves on the Board of Morgan Stanley, where she sits on the Audit and Operations & Technology Committees, and on the Board of Elastic NV, where she sits on the Audit and Nominating & Governance Committees.  She serves as an Independent Director for two privately held companies: BitSight, the leading cyber security ratings company where she chairs the Governance and Ethics Committee, and Supply Wisdom, a global supply chain risk intelligence platform. Earlier Board roles include Massachusetts Mutual Life Insurance Company, E*Trade Financial Corporation, Alliance Bernstein Holding LP, and Endgame, foremost provider of cybersecurity capabilities to the US intelligence and defense communities. Ms. Leibowitz was appointed to the Board of Managers of Common Securitization Solutions in 2023.

Ms. Leibowitz’s capstone operating role was as the World Bank’s first Group-wide Chief Information Officer, appointed by Robert Zoellick, 11^th President of the World Bank.  In that role, she was responsible for the technology services and capabilities that underlie the work of delivering quality knowledge and financing products to World Bank clients across the globe.  At the World Bank, she was a leading advocate and domain expert for the Bank’s ICT for Development initiatives, helping to launch in-country technology innovation programs.  As well, Ms. Leibowitz oversaw the World Bank’s Library and Archives, managed the Bank’s comprehensive cybersecurity program, and served as a member of the Pension Investment Committee.

Ms. Leibowitz is a lifetime member of the Council on Foreign Relations, on the CNAS Council, and on the National Board of BuildOn, a not-for-profit that runs service and learning programs in urban high schools across the country.  Additionally, Ms. Leibowitz serves on the NY Board of the National Association of Corporate Directors, where she chairs the Governance Committee; she is an NACD Board Leadership Fellow and has achieved NACD Directorship Certification and the CERT Certificate in Cybersecurity Oversight.  Ms. Leibowitz has been recognized among NACD’s top 100 Corporate Directors for 2023.

Earlier in her career, Ms. Leibowitz held Chief Information Officer positions at top tier financial companies, including Morgan Stanley and Greenwich Capital Markets.  Ms. Leibowitz was honored by the Women’s Bond Club of New York with its Merit Award for career achievement and extraordinary leadership in the financial industry. Ms. Leibowitz is a graduate of Williams College, Phi Beta Kappa, with a degree in Mathematics.