Samuel Festa

Mortgage Loan Originator at Classic Mortgage LLC
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Contact Information
us****@****om
(386) 825-5501
Location
New York City Metropolitan Area

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Credentials

  • Series 99
    Financial Industry Regulatory Authority (FINRA)

Experience

  • Classic Mortgage LLC
    • United States
    • Financial Services
    • 1 - 100 Employee
    • Mortgage Loan Originator
      • Aug 2019 - Present

      NMLS # 1685170 NJ- Licensed by the N.J. Department of Banking and Insurance Company NMLS # 31149 - Equal Housing Lender NMLS # 1685170 NJ- Licensed by the N.J. Department of Banking and Insurance Company NMLS # 31149 - Equal Housing Lender

  • Residential Home Funding Corp.
    • Fairfield, NJ
    • Mortgage Loan Originator
      • Feb 2018 - Mar 2019

      NMLS# 1685170 NJ - Licensed by the NJ Department of Banking and Insurance - License #9964632 Company NMLS #34973 - Equal Housing Lender NMLS# 1685170 NJ - Licensed by the NJ Department of Banking and Insurance - License #9964632 Company NMLS #34973 - Equal Housing Lender

  • American Asset Group
    • United States
    • Banking
    • Commercial Loan Consultant
      • Feb 2018 - Mar 2019

      AAG Commercial Lending is a nationally recognized leader in commercial finance providing capital to businesses and real estate investors nationwide. AAG Lending is composed of a group of highly experienced financial professionals that are at the forefront of the commercial finance industry. We have been commercial lending professionals for over 75 years combined, assisting clients with commercial purchases and refinance transactions. We have had the great privilege to work with thousands of clients, guiding them through the mortgage process. Our mission is to handle our clients as if they were our partners where we act as your commercial capital consultant to identify your capital need and provide the right solution to solve that capital requirement. Our success is solely based on our ability to perform according to our client’s needs. Show less

  • BMO Capital Markets
    • Canada
    • Investment Banking
    • 700 & Above Employee
    • Operations Manager
      • 2013 - 2016

      ► Managed team establishing fixed income entitlement processes for Nesbitt Burns dealer conversion and supervised daily operations for entitlements and referential data teams. ► Oversaw dividends and corporate actions functions, including securities lending back office. Evaluated existing systems, identified inefficiencies, and presented action plans to mitigate platform bottlenecks for senior management as part of asset servicing team overhaul. ► Project-manged internal/vendor teams on upgrades to ICI and ADP platforms and consulted with business line controllers on process review to optimize system conversions. ► Maintained compliance with both internal firm governance and regulatory requirements for US/Canada market-traded securities. Show less

  • RBS
    • United Kingdom
    • Banking
    • 700 & Above Employee
    • Vice President
      • 2011 - 2012

      ► Managed 10 multi-site resources as VP of asset services. Built out automation for multiple securities processing data flows, produced risk reporting, and documented requirements. ► Orchestrated testing, implementation, and conversion initiatives collaboration with internal stakeholders and custodians. ► Devised and deployed TPMG claims management process for MBS agency debt, from requirements definition, documentation, and testing to full implementation of guidelines. ► Eliminated hundreds of hours of manual work and created system transparency for downstream inquiries and issues through process automation. Recovered over $10M aged receivables by improving risk parameters. Show less

  • Morgan Stanley
    • United States
    • Financial Services
    • 700 & Above Employee
    • Vice President
      • 2005 - 2011

      ► As VP of institutional securities group operations, built, led, and managed 30-person team charged with oversight, compliance, and balance sheet integrity of all end-of-day funding for fixed income settlements and entitlements averaging over $1B daily. ► Directed multiple system projects, namely upgrades, consolidations, and process reengineering initiatives in line with regulatory changes. Highlights included deployment and control framework design of new settlement application in collaboration with IT/business teams. ► Project-managed TMPG claims management implementation along with IT, business unit leadership, finance, and sales. Established and socialized framework for implementing TPMG fail charges to preserve market liquidity for Treasury securities in process that was replicated and adopted for agency debt/MBS products. ► Realized 45% cost savings by relocating account balancing and reconciliation to lower-cost center in MD with full accountability for business case design/presentation, process mapping, knowledge transfer, and new team training. Show less

Education

  • Kean University
    Bachelor’s Degree, Administration

Community

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