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 Default.• 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 testing; Issues/Loss Events escalation/management; Key Risk Indicator (KRI) monitoring; Business Change Risk Assessment (BCRA); and Product Change Management. • 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 the conclusion that it was not the right time to pursue a new business activity. Completed all necessary process and design work, including operational risk environment, governance and control schemes and vendor selection. Individual areas of focus included:• 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); (ii) rate Clients against core competencies in residential mortgage origination – manufacturing quality, regulatory compliance, interest rate risk management and financial capacity; (iii) support periodic assessments through a Client Profile, monitoring routines, risk triggers and dynamic review frequency. • 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.• Participated in selection of key strategic vendors (RFP/RFI, functionality, time and cost assessments) and drove third party review and vendor onboarding as the business unit Relationship Manager (e.g., contract negotiation, risk categorization, EIS/IT/Risk and Compliance due diligence facilitation, exit planning, risk acceptance).• Supported business model design efforts and process documentation for asset due diligence reviews (credit, compliance, appraisal quality, fraud and manufacturing quality) and QA/QC.

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 included: o The development of an enterprise-wide quantitative compliance risk-weighting model to optimize finite audit resources, including comprehensive framework documentation and knowledge transfer.o Developed a start-up business plan for a correspondent lending platform. o Proposed a framework for administering new mortgage servicing standards. o Contributed to the development of a Realtor Line of Credit product and business proposal.o Developed and executed new audit work programs (credit bureau reporting systems, mortgage servicing).Advisory services also involved assisting clients with policies, procedures and monitoring/testing programs, as well as the review and assessment of corrective action plans, in response to regulatory concerns and enforcement actions. Services included third party risk oversight, governance and control evaluations in light of heightened regulatory expectations around vendor management.

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 managing key aspects of risk evaluation.• 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.• Monitored and measured client performance related to fraud prevention.

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 bankruptcy claims.• 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 administering approved courses of action.• 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, ability to pay and motivation to negotiate.• 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 to preference actions.• 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.• Completed an infrastructure enhancement project that achieved price reconciliation on 100% of negotiated trades and resulted in $1 million per month in purchase price adjustments, pair-off fees, and carry fees. • Developed reporting and enhanced tracking systems designed to manage trade desk operations.

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 mortgage banking business model and key internal controls.• 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 account statements for purposes of making initial accept/reject decisions and determining loss/damage amounts. Drafted statements of claim. Prepared various documents for discovery purposes. Conducted research and writing in securities law and in accounting/auditing practices surrounding filings required by the SEC.

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