Cindy Workman Whipple Email and Phone Number

Manage MSR structured financing

Identify and mitigate mortgage servicing operational risk. Managed team of 50, including Vice Presidents, managers, and staff.

Advise clients regarding the performance of loan servicers and their compliance to contractual terms and conditions, disclosure, and federal or state regulations. Evaluate servicers for best practices. Analyze investor reporting and remittance data for accuracy or unexplained discrepancies. Perform forensic audits for fraud and ensure that counterparties performed their fiduciary responsibilities in a timely and accurate fashion. Oversee and direct loss mitigation efforts, performed with an eye toward maximizing the value of investment or servicing portfolios.

Key member of investment team that returned over 125% in 2007; significant part of strategy entailed evaluating servicer and originator risk from a relative value perspective.Designed and developed a scoring system to quantify risk and rank servicers according to various metrics developed in conjunction with the Portfolio Manager and the trading desk.Traveled extensively to conduct on-site operational reviews and management interviews with lenders and servicers.Performed "environmental scanning" of the industry to identify potential issues and/or trends impacting mortgage credit.

Managed and coordinated internal and external teams to issue monthly mortgage securities totaling over $100 billion, including negotiating, pricing, printing and settling multi-million dollar deals under very rigid timelines.Conducted lender and aggregator reviews for counterparty approval and compliance with Fannie Mae policies. Wrote detailed summary memoranda regarding lender, servicer and transaction compliance and recommended courses of action based on review results.Developed an analytic framework for quantifying predatory and regulatory compliance violations, which affected Fannie Mae's mandated housing goals.Member of several key strategic and policy-related working groups, including subprime initiatives, Regulation AB, CDO Task Force, Anti-Predatory Lending Coordinating Committee, Risk Transformation Facility, and Private Label Advisory Team.

Managed seven multi-billion mutual funds' registration and compliance processes (under the supervision of counsel), including organizing the fund at the state level, initial SEC registration, and subsequent required SEC filings.Developed a database to track state blue sky laws and regulations related to investment advisor and broker-dealer registration.