Senior Advisor to The Boston Consulting GroupBoard Member - For 30 years, Stearns Lending, LLC, has been a leading provider of mortgage lending services with Wholesale, Retail, Joint Ventures, and Preferred Partners. At Stearns, our mission statement is simple: “We Can Help You!®” Our people bring this goal to life every day.Board Member - RoostifyBoard Member - HalcyonCEO - GeekTyrant Entertainment, LLC

Dave served as executive vice president, head of Freddie Mac’s Single-Family Business and was a member of the senior operating committee. Dave’s responsibilities included managing the company's relationships with its seller/servicers; the performance of Freddie Mac's guarantee book of business; securitization of new business; and all sourcing, servicing and business operations.Dave led the cultural and operational transformation of Freddie Mac to a client-centric, digital, and innovative enterprise and achieved historical market-share and portfolio growth.During his tenure, Freddie Mac launched numerous industry-leading technologies, most notably, Loan Advisor, leveraging AI, ML, and advanced modeling.Dave oversaw the successful launch of the Common Securities Platform (CSP), and the issuance of Freddie Mac and Fannie Mae’s first Uniform Mortgage Backed Security (UMBS). He launched a multi-year effort to overhaul Freddie Mac and the mortgage industry’s approach to Servicing to minimize credit losses, improve efficiencies, while enhancing servicers and homeowners experience. Committed to Freddie Mac’s mission of supporting Affordable Housing, under Dave’s leadership, Freddie Mac created several innovative products and programs to provide access to affordable and sustainable homeownership for millions of Americans.

The Lowman Company, LLC, focused on bringing new solutions to global consumer finance market across all verticals and horizontals of lending. Leveraging over 30 years of extensive experience in the sourcing, originating, servicing, collecting and disposition of consumer loans, Dave advised clients on innovative products and solutions to meet the need of their customers and markets primarily while serving a Senior Advisor of Boston Consulting Group.

As CEO and member of the JPM Executive Committee, Dave managed the third-largest originator and servicer of U.S. mortgages with responsibility for $1.2 trillion of mortgages, generating loan originations of $150 billion annually. He led all functions and integrated two acquisitions during the most tumultuous period in the mortgage industry. Dave played an integral leadership role in shaping public policy for managing unprecedented levels of distressed borrowers.

Dave led the international consumer finance business operating in 24 countries outside the U.S. and Canada. He managed $24 billion portfolio providing net income of more than US$600 million annually while employing 20,000 people globally. The consumer finance franchise consisted of asset generation through multiple distribution channels including a network of 1,700 retail stores. The portfolio was comprised of personal loans, cards, mortgages, auto finance and sales finance of durable goods. Member of the Citigroup Management Committee (top 100 in the firm) and Global Consumer Group Planning group.

Responsible for the subprime lending arm of Citigroup, generating over $500 million of net income on a portfolio of $34 billion and average originations of $19 billion for the 15-month period under management. Managed retail, broker and correspondent channels with 2,500 people in the U.S.

Responsible for integrating the origination, servicing operations and technology platforms for CitiFinancial, CitiMortgage, CitiFinancial Mortgage and Citicorp Trust Bank servicing 2.3 million loans after the acquisition of The Associates. With 4,000 employees, managed revenue of $1.2 billion, expenses of $340 million, credit expenses of $90 million and credit losses of $400 million. Reduced expense by $40 million while increasing revenue by $45 million.

Responsible for day-to-day operations of the mortgage company, including originations, servicing, capital markets, treasury and administration. In 1998, it originated $16 billion, serviced $53 billion and earned over $140 million of net income. In 2000, CMI originated $20 billion, serviced $81 billion and produced $190 million of net income. Led the development of a five-year strategic vision and plan. Acquired a mortgage company of equal size, propelling CMI into the positions of ninth-largest servicer and eleventh-largest originator. Led a workforce of 4,500 employees throughout the U.S.

Responsible for day-to-day management of over 650 people in multiple functions across Citibank’s mortgage operations: processing, underwriting, closing, post-close review, borrower services, investor services and administration. Increased efficiency and decreased operating expenses by up to 25% during my 17-month tenure. Chair of System and Operations Committee that guided the systems development prioritization and implementation of all cross-functional business initiatives. Member of the Operating Committee that determined the strategic direction of the company.

One of five executives selected to participate in a re-engineering effort that resulted in a profitability impact of $50 million. Beginning in May 1994, headed the Servicing and Secondary Market sale facilitation groups. Instrumental in the analysis that led to the purchase of Loomis Information Systems, Inc. (LIS), a mortgage industry software provider. Led the servicing technology transformation process from MSP to LIS. Led a total re-engineering effort of the servicing process, including the use of additional technologies in the default management/loss mitigation process. Responsible for direct sales of insurance products through the largest property and casualty agency of The Prudential. Managed a staff of over 650 people with eight direct reports. Instrumental in the process of selling the company to Norwest Bank.

With two other executives, started what became the largest nationwide origination source to PHM. Business grew from $250 million in 1987 to $23 billion in 1993. Instrumental in developing and implementing various strategic facets of a dynamic business plan in direct response to clients' needs. Developed relationships with all major non-agency sellers nationwide during our quest to better serve clients. Maximized profits and cost efficiencies through the development of technological solutions to support business needs.

Headed the Accounting Finance Group of this joint venture of The Prudential. Reported to the CEO and grew staff to more than 40 people with responsibilities for all financial control and reporting functions, including planning, budgeting, cash management, technology implementation and financial statement preparation. Also oversaw liaisons with various internal and external auditing groups.

I was initially hired to assess the financial control environment of this failing company. I was able to re-staff the group and implement the proper control environment with full responsibility for all financial control functions. Ultimately, I was given responsibility for all operations of the company, including origination and servicing. Directed this closely held company through a merger/acquisition.

Started as staff auditor and rapidly rose to supervising senior in four years. Performed a variety of audit, consulting and tax planning services for various financial services firms, including banks, thrifts and mortgage banks. Work varied from financial statement audits to longer duration consulting and tax planning engagements focused on mortgage banking operations. Worked directly for National Mortgage Banking Practice Director.