KeyCorp has named Mark Danahy president of its mortgage operations.

The $91.8 billion-asset KeyCorp created the position as it looks to expand its residential mortgage business. Danahy has worked in the mortgage business for more than 25 years, most recently as managing director of Citigroup's U.S. mortgage operation from July 2011 to May 2014. Previously Danahy was president and chief executive of PHH Mortgage.

Danahy will report to E.J. Burke, the co-president of KeyCorp's community banking unit and the immediate past president of the Mortgage Bankers Association.

Danahy "knows the mortgage business from top to bottom, from sales through to servicing," Burke said in a news release Wednesday. "He has the acumen and imagination to develop fair, convenient and competitive mortgage solutions" for the company's customers in 12 states.

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