McKinley Hires New VP
McKinley announced that Kristin A. Berg has joined McKinley as VP & managing director of Residential Asset Management.
Ann Arbor, Mich.–McKinley announced that Kristin A. Berg has joined McKinley as VP & managing director of Residential Asset Management. Berg was formerly director, multifamily asset resolution for Freddie Mac, where she led a loss mitigation team that successfully executed proven workout and disposition strategies for a $1B high risk loan portfolio.
Berg represented Freddie Mac in the Mortgage Bankers Association (MBA). The group developed the universal property inspection form, now used by the majority of commercial loan servicers. Berg took an active role in creating the curriculum for and teaching the MBA’s Property Inspection Training, a requirement for inspectors of Fannie Mae or Freddie Mac properties.
During her 20 year career at Freddie Mac, Berg personally resolved hundreds of distressed loans and was instrumental in building a national network of property managers and brokers to facilitate the disposition of over 250 REO assets. She had a variety of roles that included risk management, policy and process redesign. Berg was a member of the team that launched the Multifamily Division’s first mentoring program and a regional leader of the book club. She was awarded a Certificate of Appreciation from the Consortium for Housing and Asset Management, the educational arm of the nonprofit Enterprise Community Partners Inc., for supporting the effort to develop their advanced certification program.
Berg graduated with Honors from the University of Chicago with a BA in Humanities. She also holds an Illinois Real Estate Broker’s license.