Catherine Rodewald Joins Prudential Mortgage Capital Company As Chief Information Officer.Business Editors NEWARK, N.J.--(BUSINESS WIRE)--Aug. 20, 2002 Prudential Financial, Inc. (NYSE NYSE See: New York Stock Exchange :PRU PRU Prudential Financial PRU Pupil Referral Unit PRU Photographic Reconnaissance Unit PRU Potomac Rugby Union (Washington, DC) PRU Provincial Reconnaissance Unit PRU Projets de Rénovation Urbaine PRU Pruhonice ) announced today that Catherine Rodewald has joined the company as chief information officer for Prudential Mortgage Capital Company, responsible for the organization's technology strategy and business systems. Prior to joining Prudential, Rodewald was chief information officer with Hunt Consolidated, Inc., a privately held international organization with holdings in oil and gas, utilities, real estate, and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , where she was responsible for all technology and telecommunications systems utilized in the U.S. Canada, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Yemen. She also has served as senior vice president and chief information officer for AMRESCO, Inc., an international real estate and financial services organization. "I am delighted that Catherine is joining Prudential Mortgage Capital," said David A Twardock, president of Prudential Mortgage Capital. "Her professional background and wealth of knowledge will be invaluable assets. While at AMRESCO, Catherine was responsible for replacing virtually all of the organization's business critical systems, including a new commercial mortgage servicing Mortgage servicing The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan. system and a new front-end origination system. This experience will be important to Prudential in the near future." Rodewald will report dually to Twardock and Mike Garito, chief information officer of Prudential Investment Management. Prudential Mortgage Capital Company is a national full-service, commercial mortgage finance business, originating mortgage loans for Fannie Mae Fannie Mae: see Federal National Mortgage Association. and FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). programs, the capital and mezzanine markets, Prudential's general account, and other institutional investors. The company had assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and administration of $35.2 billion as of June 30, 2002. Prudential Financial companies, with approximately $557 billion in total assets under management and administration as of June 30, 2002, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the U.S. These companies offer a variety of products and services, including life insurance, property and casualty insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, securities brokerage, banking and trust services, real estate brokerage franchises and relocation services. For more information, visit www.prudential.com. |
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