Cap Markets Co-op Names COO

Kent Saari has been named chief operating officer of Capital Markets Cooperative, a provider of expertise and economies of scale in the secondary mortgage market based in Ponte Vedra Beach, Fla.CMC also named two senior vice presidents: Mike Cook as SVP of national accounts and Tim Hood as SVP and national sales manager. Mr. Saari, who has more than 20 years of mortgage banking experience, specializes in mortgage interest rate risk management, delivery optimization, mortgage pipeline management, and warehouse management, CMC said. He most recently managed capital markets for Waterfield Mortgage. Mr. Cook has held senior positions at Washington Mutual Bank, Tuttle & Co., American Savings Bank, and Fannie Mae, and Mr. Hood has held management posts at ABN AMRO Mortgage Group, FNBA, and General Electric Mortgage Insurance Co. CMC can be found online at http://www.capmkts.org.