Dan Payton Email & Phone Number

Remote

Providing advisory services in the following categories:- Commercial and residential mortgage acquisitions, workouts, and asset management.- Commercial and residential value-add equity investments and asset management.- Residential MSR acquisitions and operations.

Remote

Established/launched and direct all company operational aspects, incl. corporate governance, licensing and regulatory compliance, transaction management (smooth/accurate and complete execution of all acquisitions, including contract negotiations, due diligence, closing, and post-closing deliverables), reporting and performance tracking and sub-servicer oversight. Collaborate heavily with multiple groups at Ocwen under an administrative services agreement and at PHH under a sub-servicing agreement.• Exceeded year-one capital deployment and yield goals within 6 months of launch via strategic purchasing of MSRs on portfolio totaling $34+ billion.

West Palm Beach, Florida Area

Spearheaded residential/commercial mortgage servicing rights acquisitions through asset purchases / acquisitions of competing companies, transaction management on corporate M&As, and coordination of entire process from initial contact to closing. Focused on originations and servicing companies to provide synergy and growth acceleration opportunities for Ocwen. Led divestiture of non-core assets and business lines.• Successfully won competitive bids for and completed multiple M&A transactions that advanced Ocwen’s growth into one of the nation’s largest non-bank mortgage servicers, including:o $3 billion, Residential Capital LLC (mortgage division of GMAC/Ally Financial) – serviced 2.4 million home loans with ~$374 billion balance.o $1.2 billion, HomeEq servicing – serviced 245,000 home loans with ~$39 billion balance.o $766 million, Homeward Residential Holdings – serviced 422,000 home loans with ~$77 billion balance.o $360 million, PHH Corp., et al., including Litton Loan Servicing, Saxon Mortgage Services, and $78 billion MSRs.

West Palm Beach, Florida Area

Piloted 2 investment entities investing approximately $200 million in residential/commercial nonperforming mortgage loans, REO acquisitions, and related assets, incl. all operational aspects and acquisitions process (sourcing to closing) that entailed pricing, due diligence, and property valuations staff. Also oversaw asset management/loan servicing staff and administered resolution and liquidations of said assets.• Effectually launched entities (Ocwen and Angelo Gordon & Co joint venture) and, once scaled, led ongoing asset management and resolution optimization; led seamless wind-down of entities.

Frankfurt Germany And London, England

Inaugurated and governed all operations for this subsidiary division that advised Merrill Lynch’s Global Principal Investments (“GPI”) Team on their entry into German commercial/residential nonperforming loans. Worked directly with the GPI team on an embedded basis out of their Frankfurt and London offices.• Developed NPL pricing model specific to German market for pricing NPL portfolios (€100 million - €6 billion).• Created/implemented methodology to price performing loans.• Underwrote significant equity investments in Germany/Netherlands commercial properties and Italian NPL portfolios.• Delivered strong net profits via advising Merrill Lynch on numerous transactions which in turn fed mortgage servicing operation partially owned by Ocwen, resulting in substantial revenue gains.

West Palm Beach, Florida Area

Pivotal in growing Ocwen into nation’s largest acquirer of commercial NPLs. Successfully acquired numerous large commercial nonperforming loans and negotiated workouts therefore. Asset manager for several large properties, including troubled malls in Miami and Halifax, Nova Scotia, as well as office, multi-family residential, and industrial properties.