Brian Laforest Email & Phone Number

West Palm Beach, Fl, Us

West Palm Beach, Florida

Responsible for Investor Services which encompasses the following primary areas: Investor Reporting, Investor Accounting, Cashiering, Servicing Transaction Management, Government Claims, Conventional Claims, and Mortgage Insurance Claims.

Mount Laurel, Nj

Manage various areas of the mortgage servicing operation with a primary focus on Default Administration including Collections, Foreclosure, Bankruptcy, Real Estate Owned (“REO”), and the Home Owners Assistance Team (“HAT”) which provides alternatives to foreclosure. Maintain full responsibility for the management of ~200 employees, with oversight of 15 vendors and 50+ attorney firms spanning the nation across an aggregate portfolio of ~1 M loans with a UPB of ~$180 B.

West Palm Beach, Florida Area

(1) Managed various aspects of the Servicing Operations including Investor Reporting, HAMP Reporting/Incentive Tracking, Modification Processing, Advance Funding Facilities, Servicing Transaction Management, Cashiering, Escrow, Tax, Hazard & Flood Insurance, Mortgage Insurance, ARMs, Agency Claim Filing and Expense Management.(2) Responsible for the management of over 400 global employees spanning three offices. (3) Accountable for the oversight of five different vendors across an aggregate portfolio of ~450K loans, 730 servicing agreements and a UPB of ~$70 billion.(4) Reduced operating expenses per loan serviced for areas managed by 10% to 20% annually each year.(5) Successfully managed the servicing transfer of ~725K loans totaling ~134 billion in UPB between 2006 and 2010.(6) Critical role in reducing Servicer advancing requirements and Investor loss severities by enhancing the Non-Recoverable Advance Determination Model (“stop advancing model”), reducing the duration between HAMP application and Trial Offer by 35%, performing transactions required to modify ~200K loans over 4 years, and migrating to a monthly REO insurance premium billing reducing advances by $16.5M.(7) Generated ~$6M of recognized/anticipated future insurance related revenues for the company.(8) Contracted a bankruptcy payment vendor to reduce staffing and litigation risk resulting in ~$273K of savings annually.(9) In-sourced the servicing of real estate taxes in 2010, eliminating expected outsourcing expenses of $3.5M annually. (10) Negotiated a fee for tax services with a sub servicing client increasing annual revenue by ~$775K.(11) Championed various Six Sigma projects achieving an annual savings of ~$10M from completed projects.(12) Responsible for twelve Sarbanes Oxley cycles including the recognition of various fees and disbursements among others. (13) Presented monthly operational reviews on all areas managed to the EVP of Servicing, President and CEO.

West Palm Beach, Florida Area

(1) Managed all aspects of Investor Reporting, Cashiering, Servicing Transfers, and ARMs with a global staff that consisted of ~200 employees spanning a portfolio of ~450,000 loans with a UPB of ~50 billion.(2) Improved efficiencies and accuracy in Investor Reporting by leading the design, architecture, testing and implementation of the various aspects of Investor Reporting/Reconciliation automation and REALPortal website.(3) Reduced compensating interest expenses by deriving more advanced methods of mining data necessary to execute strategy.(4) Increased revenues via interest income and reduced advance financing costs by implementing electronic deposit of payments.(5) Reduced head count and operating expenses in Cashiering by increasing systematic payment up-loads by 20%.(6) Significantly reduced attrition rates by implementing an Incentive Compensation Plan and Retention Plan. (7) Managed various aspects of internal and external audits including the annual USAP, REG AB and SOX independent audits.(8) Created an environment focused on productivity, accountability and continuing improvement.

West Palm Beach, Florida Area

(1) Managed a staff of three supervisors and twenty analysts and coordinated workflow between India and the West Palm Beach.(2) Worked with the IT department to provide business unit oversight to data storage management and quality controls, including personal development of required daily edit checks for data integrity validation.(3) Coordinated transfer of servicing from other mortgage servicers to Ocwen, including auditing of previous servicer’s reporting, custodial account reconciliations and setup of portfolios reporting on Ocwen’s system.(4) Lead role in the development of the database architecture, relevant calculations and standardization associated to an automated reporting environment (Oracle database coded in PL/SQL).

West Palm Beach, Florida Area

(1) Performed extensive, detailed financial analysis on large mortgage loan portfolios on a monthly basis as well as reporting on and distributing funds for Mortgage Backed Securities.(2) Interpreted agreements to maximize profitability by ensuring all servicing fees and ancillary income are captured.(3) Responsible for Investor Reporting user and technical requirements for servicing system.(4) Managed the conversion of new servicing system’s transactional data to the previous servicing system’s transactional data.(5) Identified and coordinated the correction of issues relating to reporting, reconciliation and payment applications.

Camp Lejeune, Nc & Camp Foster, Okinawa, Japan

Supervised a section that performed the maintenance, review and payment processing of Marine compensation entitlements via their pay accounts. In addition, the computation, review, and payment of vouchers of reimbursement for official military travel performed by Marines. Both responsibilities included the fiscal accounting supporting the transactions generated for 12,000+ Marines annually. Managed a cash account and authorized payments from that account to personnel for non-standard transactions. Developed and documented Standard Operating Procedures that resulted in an increase in productivity, accuracy and statistical reporting.

Non-Commissioned Officer (E5 - Sergeant), Finance Technician

Activities and Societies: Achieved the rank of Sergeant (E5) in 3 ½ years; 2 Certificates of Commendation; Medal of Good Conduct; Highest.

High School Dipoloma, Majored In Math, Science & Art

Activities and Societies: Football, Wrestling, Baseball