Experience

Fortace, LLC

• United States
• Financial Services
• 1 - 100 Employee

• Managing Partner - CEO

  • Sep 2008 - Present

  Co-Founded and actively manages a leading Residential Mortgage Re-Underwriting, Expert Witness & Consulting firm that assists National banks, leading law firms and nationwide Mortgage Banking firms in (1) managing risks associated with the origination and servicing of residential mortgage loans and (2) re-underwriting, litigation consulting and expert witness services related to residential loan repurchase demands, RMBS securitization litigation, due diligence and repurchase litigation. We developed a proprietary workflow system (FAS) that allows us to securely investigate, document and provide supporting documentation to help our clients reduce their RMBS and mortgage related risk exposure and mitigate potential losses. Additionally we created a cutting edge e-Discovery document management system and a Cost Management and Accountability program that allowed our customers to meaningfully cut costs and efficiently manage those costs on an ongoing basis. Show less



Indymac Bank

• Banking
• 700 & Above Employee

• Executive Vice President

  • Oct 1997 - Aug 2008

  I managed a number of departments and divisions during my 10 year tenure at IMB including various departments and divisions of the Mortgage Banking business. During my tenure I helped build and supervise the Retail, Wholesale, Correspondent and Warehouse Lending businesses. This included the recruiting and retention of a nationwide salesforce and sales management organization, development of a highly automated marketing team and infrastructure that was leveraged over all four divisions, supervised the seller approval and monitoring group and co-supervising a nationwide, decentralized loan operational infrastructure. The groups I supervised assisted the Capital Markets, Credit Policy, Risk Management, Due Diligence and the Quality Control groups with their review and oversight of loan programs, underwriting guidelines, Seller Guides, loan pricing and helped review and respond to due diligence and quality control findings. IMB originated and sold loans via RMBS & ABS securitizations and whole loan sales including the following loan products: Agency, FHA, Alt A, Sub Prime, Private Label, 2nds/Helocs, Construction and Jumbo residential loan production. I also helped design and implement an industry leading web based pricing, ratelock, automated loan stipulations, an imaging platform and the related policies and procedures, practices and standards that enhanced customer satisfaction, improved operational efficiencies, strengthened risk management and lowered costs. Show less



TCM/AHC Mortgage

• Senior Vice President

  • Jan 1992 - Jun 1997

  I managed the retail mortgage banking loan production and secondary marketing for a medium size mortgage banker. Grew the mortgage banking production volumes from scratch in 1992 to $100 million plus per month. I helped grow the business from an unprofitable Mortgage Brokerage model to a profitable Mortgage Banking model while building the operation infrastructure to properly manage the compliance, underwriting, closing and sales of Fannie Mae, Freddie Mac, FHA, Jumbo, Alt A, 2nds/Helocs, Construction and Sub Prime loans into the secondary market. I also helped draft, review and approve the loan processing, underwriting, quality control, repurchase, loan sales and secondary marketing policies, procedures, standards and practices and underwriting guidelines. Show less



American Express Shearson Lehman Mortgage

• Senior Vice President

  • Jun 1986 - Jun 1992

  I served as the SVP of Secondary Marketing and managed the Secondary Marketing activities including hedging, Fannie Mae, Freddie Mac, FHA, Alt A, Jumbo, 2nds/Heloc loan sales, due diligence, loan securitization and pricing. I also served as the Treasurer and managed the Treasury department which included daily Treasury operations, bank and commercial paper financing arrangements and the applicable accounting. I also oversaw a profitable $500,000,000 Warehouse Lending business, including disbursements, collateral management, seller approval and monitoring. Additionally I helped draft, review and approve the Treasury, warehouse lending, RMBS due diligence, whole loan sales, RMBS & ABS securitization, seller approval and monitoring, repurchase and secondary marketing policies, procedures, standards and practices, underwriting guidelines and the Seller Guide. Show less