EMC Residential Mortgage Corp., a wholly-owned subsidiary of The Bear Stearns Companies Inc., has hired Jeff Wise to serve in the role of senior vice president of seller approval.

In his new role, EMC says, “Wise will play a senior role in the seller approval and monitoring process of EMC’s whole mortgage loan related business, granting loan purchase lines or limits and providing the ongoing monitoring of the appropriateness of purchase lines given the seller’s financial condition and operational and loan performance.”
Wise, who will report to president Steve Golden and EMC Chairman Randy Deschenes, formerly served as senior vice president of Counterparty Credit Risk Management at Countrywide Securities Corp. Prior to that, Wise was vice president of credit risk in the Correspondent Lending Group at Wells Fargo Home Mortgage, manager of the Credit Management Group/Finance Division at Fannie Mae, and senior financial analyst in Single Family Risk Management at Freddie Mac.
Wise has a B.B.A in Finance from Radford University and an M.B.A in Finance from Virginia Tech.