Meet Doug Hollmann, Director of Member Collateral Verification
Doug Hollmann joined FHLB Des Moines on July 8, 2019, as Director of Member Collateral Verification (MCV). Previously, Doug was an MCV analyst in 2012 then was promoted to Manager starting in 2013 at FHLB Chicago. His goals at FHLB Des Moines are, “to improve the efficiency of the MCV process and help shape the overall member experience related to collateral.”
“We are excited and pleased to have Doug join our team,” said Jodie Stephens, Senior Credit Risk Officer. “His familiarity with the FHLBank System and member collateral review will be valuable to the team and permit a smooth transition into his new role.”
Doug finds that his roles at FHLBanks have been shaped by recent trends including increased sensitivity to the MCV team’s role in shaping the member experience, evolution of the MCV team from purely auditing to incorporating member education and training, and a greater emphasis by regulators and examiners on member liquidity.
Doug’s career in finance began at American Appraisal Associates in Milwaukee, Wisconsin, which is now part of Duff and Phelps. There, he performed valuations of business and intangible assets for nearly eight years, then commercial real estate properties for another four years.
From there, Doug went on to spend a few years at Baker Tilly, structuring commercial real estate deals financed with New Markets Tax Credits. There, he worked with a lot of community development financial institutions as clients.
Given his background, Doug is interested in the types of commercial properties that member institutions lend against and enjoys learning about some of the more complex loan structures like the ones seen at insurance companies and larger depositories.
Doug is inspired by learning about the local economies in which community banks operate, as well. Sometimes, when reviewing a rural financial institution he’ll go to a local diner early in the morning for breakfast just to hear the local farmers talk.
“It keeps me grounded and reminds me borrowers are key stakeholders in our business,” Hollmann said.
In his free time, Doug enjoys improving his golf game and is looking to continue bowling competitively in Des Moines.
Doug looks forward to traveling around Iowa with his wife, Cindy. They plan to travel back to Minnesota and Wisconsin regularly to visit their daughters, Tori and Lexi.