Expert Details
Residential Mortgage Backed Securities, Mortgage Servicing, Mortgage Data
ID: 735740
Maryland, USA
Expert has also engineered original methodologies to determine the efficacy of issuer, servicer and trustee performance using RMBS data available within the public domain. What sets him apart from other mortgage experts, is the fact that he can simultaneously opine on granular industry issues (i.e. loan level servicing, loan origination, securitization, bond analysis), while also analyzing and utilizing the actual datasets made available by loan servicers, trustees, credit rating agencies, and the GSCs. He is a Wall Street professional with two decades of experience running various aspects of risk management, IT, transaction processing, operations and bond trust administration functions. As co-founder of an RMBS loan level data provider, Expert is also intimately familiar with RMBS data, risk analysis and all aspects of mortgage mechanics. He has retained access to the loan data underlying the full universe of RMBS bonds. He has deep domain expertise in structuring reports, stratifying big data, conducting loan file reviews, reverse engineering Intex and/or manually creating bond waterfalls to calculate damage estimates, conducting loan data analysis and related mechanics, and performing statistical extrapolation.
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 1985 | Degree: MS, ABD | Subject: International Economics | Institution: City University of New York |
| Year: 1980 | Degree: BA | Subject: Finance | Institution: SUNY at Albany |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2014 to Present | Employer: Undisclosed | Title: Managing Partner | Department: |
Responsibilities:Principal of boutique business consulting firm focused on providing subject matter expertise to resolve financial services, IT and litigation support issues in the risk analysis of fixed income securities, particularly mortgages and mortgage backed securities. Maintain several litigation support engagements exploring issuer loan level underwriting activities, servicer and cash flow generation issues and bond trustee payment/disclosure activities. Additional fixed income regulatory and forensic consulting. |
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| Years | Employer | Title | Department |
| Years: 2006 to 2014 | Employer: | Title: CEO and Founding Partner | Department: |
Responsibilities:CEO and Founding Partner for consulting and product services company that specialized in providing mortgage loan data and inventory control solutions for buy and sell side firms trading mortgage backed securities. Prior to its sale, company created a vast database of residential mortgages backing both conforming and non-conforming mortgage trusts; the data continues to be sold by new company. |
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| Years | Employer | Title | Department |
| Years: 2004 to 2006 | Employer: Appix, Inc. | Title: Managing Director | Department: |
Responsibilities:Managing Director of the wholly owned commercial division of midsized government contracting firm; a premier provider of a sophisticated mortgage allocations and clearing system that interfaced with the FICC, DTCC, and the Federal Reserve’s N.Y. payment infrastructure. Responsible for the fixed income trading practice products and services group. Directed best practices consulting engagements for both buy and sell side fixed income-trading floors. Assisted in the system flow and architectural design of software products. |
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| Years | Employer | Title | Department |
| Years: 1993 to 2004 | Employer: Fannie Mae | Title: Vice President | Department: Securities Trading Operations |
Responsibilities:Vice President and officer in charge of secondary mortgage trading operations: team was directly responsible for well over 20% of the volume flowing through the industry’s mortgage backed clearing and settlement functions. Responsible for mortgage allocations, securities settlements, trust administration and securities accounting that interfaced directly with the FICC and the Federal Reserve Bank. Participated in weekly management meetings re: entire workflow (loan purchase, shadow servicing, pooling, and bond payment activities). Supervised the trust functions that reconciled incoming servicer/loan level cash flows for thousands of individual bond issues and generated/disclosed bond factors/bond payments made to investors in MBS and Remic books of business. |
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| Years | Employer | Title | Department |
| Years: 1982 to 1992 | Employer: Nomura Securities | Title: Vice President | Department: Fixed Income Trading |
Responsibilities:Director responsible for the middle office systems groups for fixed income and equities. Lead architect of the software development effort that built one of the first automated mortgage allocations systems. Responsible for various aspects of fixed income risk modeling and securities valuation. |
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