Hugh Frater, former CEO of Fannie Mae, has joined the board of directors at Better Mortgage, with his appointment effective March 23. The move brings significant government-sponsored enterprise experience to the digital mortgage platform.
Frater's background spans mortgage-backed securities and commercial real estate lending, providing Better with expertise in areas critical to mortgage origination and securitization. His tenure at Fannie Mae involved overseeing one of the nation's largest mortgage finance entities.