Expert Details
Mortgage Lending/Standards, Fraud, Policy/Procedures, Secondary Market, Valuation/Underwriting
ID: 726885
California, USA
The wide spectrum of experience taught him to better understand each step in the process and made him a better manager in both production and operations. This production and operations experience is a rare combination today.
The mortgage lending industry has evolved dramatically over the past three decades and will surely continue adjusting to market needs, from both the demand and supply sides. Expert's long-term experience and a solid understanding of the fundamentals have afforded him the ability to better understand the changes and respond accordingly. He not only understands how but why new adjustments can affect the process from start to finish. The hands-on experience at the beginning of his career has been invaluable to his ability to break down complex situations into smaller, less complicated issues. This process allows a better understanding of what is--or isn't--relevant.
Expert has 38 yrs experience in retail and wholesale mortgage lending, with FDIC insured lenders and mortgage banking subsidiaries, and includes substantive involvement in essentially every aspect of residential financing, including the management of large, federally insured financial institutions with extensive portfolios. Expertise includes underwriting, assessment, fraud, portfolio standards, prime and sub-prime, and standards of care for institutional lenders, brokers, and bankers. He has extensive deposition, arbitration, bench, and jury trial experience.
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 1972 | Degree: BA | Subject: Finance (Major); Real Estate (Minor) | Institution: University of Southern California (USCP) |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2006 to Present | Employer: Undisclosed | Title: Founder/Chief Executive Officer | Department: |
Responsibilities:Founded company to provide consulting, due diligence, and expert witness services concerning real estate and mortgage industry matters. |
|||
| Years | Employer | Title | Department |
| Years: 1995 to Present | Employer: Undisclosed | Title: Founder/Broker | Department: |
Responsibilities:Founded mortgage banking and brokering company to originate, sell, and purchase residential mortgages and provide consulting, due diligence, underwriting, and expert witness services on real estate and mortgage matters. |
|||
| Years | Employer | Title | Department |
| Years: 1992 to 1995 | Employer: Self Employed | Title: Owner | Department: |
Responsibilities:Performed due diligence and underwriting consulting services for the RTC, large financial institutions, and private mortgage insurers. |
|||
| Years | Employer | Title | Department |
| Years: 1990 to 1992 | Employer: Flagship Savings and Loan | Title: Chief Lending Officer | Department: |
Responsibilities:Direct responsibility for lending administration, origination, underwriting, secondary marketing, and loan servicing following the RTC’s takeover of the defunct Sun Savings & Loan. Developed loan and capital plans acceptable to the OTS, RTC, and FDIC under then new FIRREA rules. |
|||
| Years | Employer | Title | Department |
| Years: 1983 to 1990 | Employer: Valley Federal Savings and Loan | Title: Senior Vice President/Regional Manager | Department: |
Responsibilities:Created San Diego lending region for originating wholesale residential loans for portfolio or securitization. Designed and implemented policies and procedures to affect high volume and impose strict quality control. Authority included bottom line signature and approval for underwriting and funding. |
|||
| Years | Employer | Title | Department |
| Years: 1981 to 1983 | Employer: Pioneer Mortgage Service Corp. | Title: Senior Vice President and Chief Lending Officer | Department: |
Responsibilities:Expanded a recently organized Los Angeles based mortgage banking subsidiary. Responsibilities included loan production, underwriting, funding, quality control, and new branch expansions. Authority included bottom line signature and approval for underwriting and funding. |
|||
| Years | Employer | Title | Department |
| Years: 1978 to 1981 | Employer: Lincoln Service Corporation | Title: Vice President | Department: |
Responsibilities:Created Los Angeles lending region for national wholesale mortgage origination and servicing. Responsible for production and branch operations, including bottom line signature and approval authority for all regional underwriting and funding. Products were sold in the secondary market. |
|||
Fields of Expertise
mortgage banking, mortgage, mortgage lending, mortgage loan, mortgage servicing, mortgage underwriting, residential mortgage, underwriting, predatory lending practice, fraud, mortgage fraud, forensic underwriting, loan valuation, property underwriting, loan underwriting, operations, loan policy, bank mortgage, home equity loan, home equity line of credit, bank fraud, loan, loan operations, real property, secured loan, alternative dispute resolution, arbitration, bank procedure, construction lending, dispute, mortgage insurance, bank policy, banking, banking regulation, escrow, falsification, Federal Deposit Insurance Corporation, house, line of credit, promissory note, real estate, real estate arbitration, real estate dispute, residential property, standard operating procedure, title insurance, core banking system, core banking, commercial loan, property arbitration, contract dispute, broker dispute, real estate insurance, mortgage backed security, retail banking