KeyBank Selects Mark R. Danahy to Expand Mortgage Operations

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Mar 04, 2015, 08:00 ET

CLEVELAND, March 4, 2015 /PRNewswire/ -- Mark R. Danahy, former Citibank managing director-head of originations, will join KeyBank to expand and grow its residential mortgage business. Danahy will be president of KeyBank Mortgage and will report to E.J. Burke, co-president, Community Bank.

"Mark is an innovative, strategic leader who knows the mortgage business from top to bottom, from sales through to servicing," Burke said. "He has the acumen and imagination to develop fair, convenient and competitive mortgage solutions for KeyBank's clients across our 12-state banking footprint."

Mark J. Danahy - New President, KeyBank Mortgage

"We believe Mark will be a driving force in growing KeyBank's mortgage's operations." Burke said.

For his part, Danahy said he values KeyBank's collaborative culture and commitment to embracing change and innovation.

"This is an opportunity to help KeyBank make significant and lasting change in how the bank provides mortgage services to its clients," Danahy said.

Burke added: "We see mortgage as the cornerstone of our relationship with clients. We know for clients, buying a home is likely to be the largest single purchase they ever make. We are committed to making this important purchase as simple and straightforward as we can."

Danahy was responsible for US mortgage strategy at Citibank, then the fifth largest US-based mortgage company. Before joining Citi, Danahy was president and CEO for PHH Mortgage, then the fourth largest retail originator of residential mortgage loans in the United States. Danahy has more than 25 years of experience in the mortgage industry.

He received his Bachelor of Science degree from Virginia Polytechnic Institute and State University, where he majored in accounting. He received his Master of Business Administration degree from George Mason University.

About KeyCorp

KeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key had assets of approximately $93.8 billion at December 31, 2014.

Key provides deposit, lending, cash management and investment services to individuals and small and mid-sized businesses in 12 states under the name KeyBank National Association. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.

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