Freddie Mac today announced the promotion of Jay Catalfamo to the position of vice president, Multifamily Business Operations/Division Controller. In this position, Catalfamo will be responsible for the management of financial operations for Freddie Mac’s Multifamily Division.

Catalfamo will also oversee the accounting for the multifamily portfolio, as well as financial and management reporting; processing the seller/servicer’s monthly accounting reports and loans payments; management of the strategic planning and budgeting process; business continuity planning and systems development for the Multifamily Division.

Catalfamo fills a vacancy created by the transfer of the division’s previous controller, Vic O’Laughlen, to Freddie Mac’s Financial Accounting and Control Division to assist the corporation with its financial restatement.

Catalfamo is a 17-year Freddie Mac veteran who has for the past 14 years held a range of increasingly responsible financial management positions in Freddie Mac’s Multifamily Division. Prior to joining Multifamily, Catalfamo worked in the Corporate Tax Department at Freddie Mac.

Catalfamo received his Bachelor of Science degree in business administration from George Mason University.

Freddie Mac purchases mortgages from lenders and packages them into securities that are sold to investors.

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