Experienced Mortgage Banking Executive, with a demonstrated record of accomplishment that includes fifteen years CEO/COO experience in both large and small company environments, two years as Director of Strategic Planning and Corporate Development for a subsidiary of a Fortune 100 company and member of the Board of Directors of a Federal Savings Bank.
Extensive, Hands On Experience in virtually all areas of consumer finance, including: Sales Management / Strategic Planning / Corporate Development / Growth Strategies / Mortgage Capital Markets / Portfolio Management
BA - Economics, University of North Dakota
MA - Graduate Program: Economics/Accounting, University of North Dakota
Selected Achievements and Skills
• As CEO, successfully directed the turnaround of a $400 million, nationwide mortgage company with wholesale, retail and direct to consumer call center distribution channels. Increased loan production by over 50% while reducing operating expenses by 25%.
• Directed the startup of a national mortgage banking subsidiary of a Fortune 100 company, achieving a 40% return on equity in the first year.
• Managing the, production, pricing, hedging, sale or securitization of over $20 billion of residential mortgages. Mortgage products included Agency Conforming, Jumbo, FHA / VA, Home Equity, Alt-A and sub prime.
• Negotiated the acquisition and served as CEO of a national consumer and commercial mortgage loan servicing company, with 240,000 accounts. Designed and implemented an organizational restructuring, resulting in a $4 million annual savings.
• Developed and led the startup of a whole loan mortgage conduit, purchasing over $1 billion of residential mortgage loans over a 12-month period.
• Acquired and managed a $500 million portfolio of subordinate class, mortgage backed securities.
• Skills: Hands on executive with strong leadership, communication, and organizational skills. Experienced in management of all corporate functions, including sales and marketing, finance and administration.
Professional History
Fortes Financial, Inc/ President and CEO 2007 - Present
South Lake Mortgage Capital / President and CEO 2004 - 2007
Upland Mortgage / Executive Vice President 2003 - 2004
Metrociti Mortgage Corp. / Executive Vice President 2002 - 2003
Consulting / Crossroads, LLC 2000-2002
AMRESCO, Inc.
• AMRESCO Residential Mortgage Corporation / President and CEO: 1998 - 2000
• AMRESCO Residential Capital Markets, Inc. / Managing Director, Capital Markets: 1996 - 1998
Home Savings of America / Senior Vice President: 1994 - 1996
ITT Diversified Financial Corporation
• ITT Bowest Corporation / President and CEO: 1992 - 1993
• ITT Diversified Financial Corporation / Executive Vice President, Strategic
Planning & Corporate Development: 1990 - 1992
• ITT Mortgage Corporation / President and CEO - 1985 - 1989
Pioneer Mortgage Corporation / Executive Vice President and COO: 1981 - 1984
Wylie, Levasseur & Associates / Partner: 1980 - 1981
First Federal Savings and Loan / Executive Vice President and COO: 1972 - 1980 |
