Rick Buss Email & Phone Number

Charlotte, North Carolina, United States

Charlotte, North Carolina, United States

Atlanta, Georgia, United States

I proudly serve as the Director of Due Diligence and Quality Control Services for The StoneHill Group, a trusted provider of loan quality services, mortgage process outsourcing and technology solutions to the mortgage industry. Recruited to create a due diligence division and help expand market presence, I developed the business plan, implemented new loan grading loan review platform and built a team capable of conducting multiple types of reviews ranging from servicing and forensic audits to… Show more I proudly serve as the Director of Due Diligence and Quality Control Services for The StoneHill Group, a trusted provider of loan quality services, mortgage process outsourcing and technology solutions to the mortgage industry. Recruited to create a due diligence division and help expand market presence, I developed the business plan, implemented new loan grading loan review platform and built a team capable of conducting multiple types of reviews ranging from servicing and forensic audits to rated securitizations. • Partnered with members of the sales and leadership teams for new client presentations, contract preparation and negotiations and rating agency approval topics.• Reviewed nearly $2 billion in assets the first year of operation. • Developed processes to incorporate automation and AI capabilities during file reviews and managed initiative to further leverage offshore resources.• Created customized review scopes and reporting suites to address client needs based on specific product types and industry standards. • Managed reviews that ranged in scope from targeted forensic reviews and home equity products to agency jumbo loan sales and Non-QM securitizations. • As a member of the Senior Leadership Team, provided weekly pipeline updates and highlighted industry trends and process management insight. Accountable for divisional P&L.• Drafted securitization and secondary market related documents and expanded rating agency reporting. Show less

Charlotte, North Carolina Area

As one of the first 50 employees, acted as primary liaison between multiple due diligence firms and Capital Markets, Underwriting, Loan Fulfillment and other areas in identifying and mitigating risk in existing and proposed credit transactions. Responsible for minimizing losses and ensuring accurate, consistent grading and pricing practices for optimal execution. • Completed 12 rated Non-QM securitizations totaling over $4.1 billion and assisted teams in multiple loan sales… Show more As one of the first 50 employees, acted as primary liaison between multiple due diligence firms and Capital Markets, Underwriting, Loan Fulfillment and other areas in identifying and mitigating risk in existing and proposed credit transactions. Responsible for minimizing losses and ensuring accurate, consistent grading and pricing practices for optimal execution. • Completed 12 rated Non-QM securitizations totaling over $4.1 billion and assisted teams in multiple loan sales providing expertise in risk evaluation and execution. and execution. • Managed and reviewed all credit, compliance and property related exceptions against secondary market tolerances and fielded various rating agency, investor or warehouse line questions. • Managed EPD reporting process and service transfer activities. Created various notification processes to communicate delinquencies to wholesale, correspondent and bulk sellers. • Partnered with Counter-Party Risk and Legal during repurchase process of acquired portfolios to minimize losses. Show less

Charlotte, North Carolina Area

Responsible for managing internal client relationships during enterprise wide data repository initiative. Anticipate customer on-boarding needs, identify operational process gaps, and create training support materials. Act as primary liaison between lines of business and technology regarding Enterprise Data Management Policy and Standards. • Client support advocate responsible for bridging the gap between line of business needs and technology developers. Maintain constant contact… Show more Responsible for managing internal client relationships during enterprise wide data repository initiative. Anticipate customer on-boarding needs, identify operational process gaps, and create training support materials. Act as primary liaison between lines of business and technology regarding Enterprise Data Management Policy and Standards. • Client support advocate responsible for bridging the gap between line of business needs and technology developers. Maintain constant contact to assure any timeline or requirement changes were communicated in a timely manner through implementation.• Significant interaction with business leaders to identify client needs determining whether systems and system components are appropriate and ready for implementation. • Assisted in creation of internal support organization to meet customer needs. Identified process gaps, escalation points, and operational risks and developed training materials to support the new structure. Show less

Charlotte, North Carolina Area

Managed the Mortgage Insurance Rescission Response teams in Charlotte and Minneapolis. Created and implemented credit review and operational risk units to process repurchase demands and claim rescissions. Minimized financial losses and maximized recourse opportunities through portfolio management, forensic file reviews and counter-party settlement negotiations. • Redesigned repurchase and rescission response process and increased reinstatement rates by 300% within first 12 months of… Show more Managed the Mortgage Insurance Rescission Response teams in Charlotte and Minneapolis. Created and implemented credit review and operational risk units to process repurchase demands and claim rescissions. Minimized financial losses and maximized recourse opportunities through portfolio management, forensic file reviews and counter-party settlement negotiations. • Redesigned repurchase and rescission response process and increased reinstatement rates by 300% within first 12 months of implementation. Negotiated remaining repurchase and rescission settlement agreements with the government agencies and MI companies to minimize future risk while maintaining valuable relationships.• Developed internal and external risk identification processes, partnered with various insurers and investors to redefine the review scope and implemented an operational based approach to the appeal-response process. Show less

Charlotte, North Carolina Area

Managed the RMBS due diligence credit and underwriting functions for Capital Markets, Treasury Services and whole loan sales teams. Member of Fixed Income Securitization Committee. Led team of 60+ that were divided by credit/underwriting and collateral/custodial review job functions in addition to 15 outsourced staff members in India. • Identified opportunity and managed transition of whole loan post-closing review and submission functions to various offshore companies and introduced… Show more Managed the RMBS due diligence credit and underwriting functions for Capital Markets, Treasury Services and whole loan sales teams. Member of Fixed Income Securitization Committee. Led team of 60+ that were divided by credit/underwriting and collateral/custodial review job functions in addition to 15 outsourced staff members in India. • Identified opportunity and managed transition of whole loan post-closing review and submission functions to various offshore companies and introduced improved risk and control methodologies.• Redesigned internal due diligence structure which created streamlined file review processes resulting in approximately 20% cost savings-based reduction of managed resources.• Co-chaired corporate cross-divisional committee charged with the formation of companywide operational utilities, specifically conventional underwriting, post-closing, imaging, trailing document retention and vendor management associated with settlement services. Identified and implemented corporate cost savings measures that exceeded $1 million annually. Show less

Charlotte, North Carolina Area

Performed in-depth onsite audits of the origination and servicing practices of various consumer loan portfolios. Partnered with front line management to ensure that acceptable credit, profitability and marketability controls were maintained.• Provided senior management independent assessments of their credit and operational practices as well as tactical guidance to enhance internal controls and improve business processes.• Collaborated with business line management to review… Show more Performed in-depth onsite audits of the origination and servicing practices of various consumer loan portfolios. Partnered with front line management to ensure that acceptable credit, profitability and marketability controls were maintained.• Provided senior management independent assessments of their credit and operational practices as well as tactical guidance to enhance internal controls and improve business processes.• Collaborated with business line management to review existing departmental performance measures and implement new operational standards that resulted in improved compliance monitoring and improved financial expectations through the efficiencies gained in staff model redesign.• Assisted in changing department’s perception from an historical “police” function into a respected business partner who provided meaningful observations and proactive suggestions to ensure the business was adequately managing their risks. Show less

Ba, Political Science And Government

Activities and Societies: Alpha Sigma Phi Fraternity

Education record