Residential Funding Picks 4 Risk Managers

Residential Funding Corp., Minneapolis, looking to beef up its consumer-finance business, has appointed four new risk-management executives.

Kenneth Sacknoff will be director of corporate risk. He had been vice president of risk management for Associates Corporation of North America, Dallas, a unit of Ford Motor Co.

While there, he initiated a credit-bureau extract program that generated $400 million in new annual volume.

Earlier, he was a vice president of risk management at Beneficial National Bank, a unit of Beneficial Corp., and worked for GE Capital Corp.

Named credit risk managers were John Creedon, Scott Perry, and Mary Sohlberg.

Mr. Creedon had been with First Bank System, Minneapolis, where he managed loan entry, document imaging, central files, final documentation, and review.

Earlier, he was an analyst with Commercial Credit Corp., Baltimore.

Mr. Perry, like Mr. Sacknoff, had been with Associates, most recently as director of portfolio management.

Earlier, he spent five years with General Electric Capital Corp.

Ms. Sohlberg joined the company in 1983. She has managed quality control and purchases, done portfolio analysis, and managed the accounting department.

Earlier, she was with Honolulu Mortgage Corp. in Hawaii.

Residential Funding Corp. is an indirect subsidiary of General Motors Acceptance Corp.