Ben Barbour Email & Phone Number

Richmond, Virginia, United States

Richmond, Virginia Area

• Manages the Business Control Office for Mortgage, including: In-Market/Direct Originations and Fulfillment; Correspondent Lending; Counterparty Credit Risk Management; Quality Control; Capital Markets; Servicing; and.
• Manage and enable first line risk and control delivery for Mortgage operational risk, including: process mapping; risk and control identification and documentation; Risk and Control Self-Assessments(RCSA); control.
• Provide thought leadership and subject matter expertise in risk management practices to business partners.

San Francisco Bay Area

• Supported the Bank's effort to present the business case necessary to make a strategic launch decision for a new Mortgage Conduit division. Ultimately, a number of strategic factors were considered leading the Bank to.
• Drafted Master Loan Purchase and Sale Agreement (MLPSA).
• Designed a Client Application Package to cull information from prospective Clients for approval and program classification decisions.
• Developed a Client Review process (initial, periodic) and governance/oversight framework designed to: (i) assess for base eligibility (Red Flag reviews, E&O validation, background/reference checks, NMLS licensing).
• Constructed a Representation and Warranty Enforcement framework designed to capture and mitigate confirmed counterparty exposures.
• Defined external facing eligibility requirements for inclusion in a Seller Guide.

Multiple Locations

Provided consulting and business advisory services to the Banking and Consumer Finance industry including the review, analysis, evaluation and assessment of internal controls and strategic goals/objectives with respect to Clients' various regulatory, compliance, risk management, organizational structuring, governance and operational matters. Key projects.

Calabasas, CA

• Following a strategic decision to make the once organic function of production risk management independent, I was recruited to serve as Channel Liaison responsible for implementing formalized governance routines and.
• Managed the manufacturing quality audit and remediation team.
• Chaired the Manufacturing Quality and Operational Risk Oversight Meeting.
• Streamlined and consolidated various governance oversight routines and organized the various workgroups that were necessary to solve for risk issues raised through formal governance routines.
• Managed project plan bringing leadership’s vision for an operational risk framework to fruition.
• Shared responsibility for implementation of detailed client scans measuring counterparty performance, manufacturing quality, relationship and profitability on a risk-versus-reward basis.

Calabasas, CA

• Workout efforts parlayed into supporting the division’s growing litigation support needs where I standardized previously irregular involvement in counterparty repurchase litigation, borrower defense actions, and client.
• Managed the Legal Support group responsible for collection action against sellers where normal loss mitigation efforts were exhausted including prioritizing clients, recommending appropriate strategies, and.
• Optimized prioritization of sellers that failed to honor contractual repurchase obligations through enhanced quantitative algorithms designed to leverage known client data to measure relative repurchase exposure.
• Prepared over $50 million in new client litigation. Concluded $7.8 million in claims.
• Performed forensic transaction reviews in support of proof of claim filings against sellers that filed for bankruptcy protection or entered FDIC receivership. This support included substantiation of claims and defense.
• Directed team responsible for conducting detailed file reviews and analysis, coordinating witnesses and providing settlement authority to counsel.

Calabasas, CA

• During the credit and liquidity challenges of 2007-2008, I wound-down high exposure correspondent / warehouse relationships to a net gain.
• Performed tactical pipeline reporting including long/short exposure and MTM.
• Negotiated purchase of $225 million of conventional and government product with 3rd party warehouse banks adding $950,000 of revenue to the division.
• Traded $60 million of distressed loans reducing exposure from outstanding Warehouse advances.
• Substantiated claims against bankrupt sellers and negotiated settlements with bankruptcy trustees.Administered internal controls in support of trade desk operations.
• Recruited, trained and managed a team of 9 transaction managers responsible for ensuring a smooth fulfillment process for $200 million of negotiated transactions per month.

Calabasas, CA

• Managed key quality control and targeted audit groups where compliance programs were improved through enhancements to review processes.
• Integrated Target Review ratings and reporting format into the corporate risk framework.
• Developed key risk indicators and standardized reporting to track remediation progress.
• Authored the Regulatory Compliance Vendor Management Framework, Target Review Procedures, workflows and annual updates to the Monthly Audit Procedures.Emersion into risk management principles, risks inherent in a.
• Identified and documented risks inherent to Residential Lending including adherence to regulatory and compliance laws and Credit Risk Management.
• Prepared risk assessment reports for various business units documenting internal controls to assist senior management in the evaluation of regulatory, compliance and financial reporting gaps.

Oklahoma City, Oklahoma Area

Worked 10-15 hours per week while attending school. Gained knowledge of both federal and state securities laws, including the various causes of action employed against brokerage firms and brokers for misconduct and of the analyst claims from NY Attorney General Spitzer’s investigations. Conducted client interviews. Performed financial analysis of client.

Washington D.C. Metro Area

Responded to constituent mail in the issue areas of health, education, labor, commerce and trade. Performed extensive research for briefings of the Senator. Prepared remarks for the Senator’s committee hearings and floor speeches. Held meetings with constituents, organizations, and lobbyists to discuss their concerns with both pending and new legislation.

J.D./M.B.A., Law

Activities and Societies: Vice President Texas Legal Society

B.B.A., Major:International Business; Minors: Mgmt. And Spanish

Deposit/Operations And Lending Compliance Modules