Guaranteed Rate, one of the largest retail mortgage lenders in the nation, announced the appointment of industry veteran Joseph Grassi as chief risk officer to oversee its risk management and join the leadership team to support the company’s significant growth.

Grassi, whose experience in the industry spans several decades, is responsible for assessing and mitigating potential risks while continually maintaining and improving a strong compliance environment. This includes integrated oversight and working closely with leaders of departments across the company, including credit, internal audit, compliance, and legal.

Before joining Guaranteed Rate, Grassi spent over 20 years at Fannie Mae as a lead legal advisor, and most recently served as the principal deputy general counsel for the U.S. Department of Housing and Urban Development.