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Joseph J. Murin
Joseph J. Murin was sworn in as President of the Government National Mortgage Association (Ginnie Mae) on July 1, 2008. His primary responsibility is to oversee Ginnie Mae's mission of making affordable housing a reality for millions of Americans. As President of Ginnie Mae, Mr. Murin operates a multi-billion dollar company, responsible for a wide range of risk management initiatives, including capital market activity and credit loss, and has oversight of more than 200 lender servicing operations.
Mr. Murin brings with him more than 36 years of experience in the mortgage and banking industry. Prior to his appointment, Mr. Murin served as Managing Partner with Mortgage Settlement Network, LLC. He was responsible for the strategic direction of the company and served as the driving force behind their long-range plans and objectives.
Mr. Murin also served in multiple positions at Basis100, a Toronto-based publicly traded technology company. Basis100 is responsible for the development of the Canadian Bond Trading system, as well as the Automated Property Valuation (AVM) methodology currently utilized throughout the U.S. market.
In addition to mortgage and banking experience, Mr. Murin has had significant exposure to the trading and lending aspect of the industry. Earlier in his career, Mr. Murin led the transformation of Lender's Service, Inc. (LSI) from an appraisal, title, and closing management company to a provider of new technologies and business process solutions for the national marketplace. LSI was later sold to Merrill Lynch, where Mr. Murin served as CEO upon the recapitalization of LSI in 1998.
Mr. Murin began his career as a loan officer with Pittsburgh National Bank, now PNC Bank, in the early 1970s. From 1979 to 1982, he served as President of Murin Brothers, Inc., a family-owned business, which built single-family residential and multifamily housing primarily for low- and moderate-income families. He also served as President of Century Mortgage Company from 1985 to 1989.
Mr. Murin received his degree in business from National Louis University. He and his wife, Angela, live in the Washington, D.C. Metropolitan area. They have two married daughters and three grandchildren.
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