David Cunningham Email & Phone Number

New York, New York, United States

Manage acquisition and securitization due diligence, portfolio loan sales and loan level asset management to maximize value and P&L recoveries for our investors. Coordinate day-to-day Asset Management operations to optimize efficiency and scalability for the firm. Lead a team of 5 Analysts and Associates. Report to the Managing Director of Waterfall Asset Management.• Infrastructure / Process Oversight: Due Diligence, Underwriting, & Asset Management: Centralized overall infrastructure and process improvements to establish holistic approach to acquisitions and asset management• Vendor Management, Servicer and Asset Advisor Oversight: Establish and implement asset management and credit procedures for acquisitions, on-going oversight and management of each portfolio• Management of heightened and/or high-risk acquisitions, portfolios, or loans: Increased direct involvement of higher risk assets, larger balance whole loan acquisitions, co-origination programs, and /or other firm initiatives• Sourcing: Leverage Asset Advisor and Servicing relationships to source investment opportunities• Development and implementation of NPL Strategies: Creation of refined workflows to identify and mitigate legal obstacles for NPL enforcement

New York, New York, United States

Doylestown, Pa

Tailored Consulting, LLC specializes in providing services that assist clients with management of mortgage servicing operations and due diligence associated with the purchase, sale and securitization of residential and commercial loans.

Fort Washington, Pa

Managed all aspects of portfolio loan sale activities and servicing oversight to maximize value and recoveries for the Trust. Coordinated day-to-day operations to support the Federally mandated Independent Foreclosure Review (IFR) project and DOJ/AG Settlement. Reported to the Chief Business Officer of ResCap.• Managed loan sale related due diligence, contract negotiations and collateral curative actions to maximize recoveries• Provided oversight of multiple servicers to ensure we expedite our recoveries for our FHA, VA and conventional loan portfolio• Named President of Executive Trustee Services, LLC, a foreclosure trustee operation, with a primary responsibility of winding-down operations • Managed a $300m-$350m budget for headcount, program expenses and remediation activities associated with IFR and DOJ programs• Liaison with multiple mortgage servicers and vendors overseeing implementation and compliance with servicing standards required under the DOJ/AG settlement

Fort Washington, Pa

Provided leadership and oversight to enable functional business units in the foreclosure operation to aggressively meet or exceed the company’s strategic plan. Lead a team of 4 Managers, 8 Supervisors and 125 Specialists. Reported to the Senior Vice President of Foreclosure and Bankruptcy Operations.• Managed over 65,000 foreclosures for various investors and GSE’s totaling over $13 billion in UPB• Managed key relationships with vendors to successfully complete foreclosures within investor timelines • Vendor management activities included, but not limited to contract negotiations, pricing, and on-going oversight of performance• Executed a comprehensive revamp / restructure of various servicing operations with sound and repeatable processes• Drove critical integration activities within the organization and effectively reduced cost to service• Maintained knowledge of up to date servicing industry practices

Horsham, Pa

Lead a foreclosure operation through multiple system conversions, a servicing integration with Homecomings Financial and significant growth in delinquencies. Awarded GMAC Best in Class award (Top 5%) in 2005. Lead a team of 6 Supervisors and 68 Specialists. Reported to Vice President of Default Operations. • Managed through significant growth in staffing, portfolio size and system conversions related to integration activities• Developed and maintained daily production standards to ensure GMAC was effectively managing to investor requirements as a means to generate additional sub-servicing opportunities• Established management and supervisory goals to ensure that objectives and performance metrics met or exceeded targets• Analyzed departmental exceptions, tracking and performance reports to ensure compliance with investor, insurer and departmental guidelines

Horsham, Pa

Coordinated activities of the foreclosure specialists, which included evaluating individual performance for appropriate coaching, counseling and developmental opportunities. Lead a team of 16 Specialists. Reported to Manager of Default Operations. • Managed a team responsible for managing FNMA, FHLMC and government loans to ensure appropriate timelines were met and risk relative to loss or exposure for the client was minimized• Responsible for monitoring the workflow and managing the daily priorities based on company policy, federal regulations and investor guidelines

Horsham, Pa

Handled complex foreclosure matters such as contested and litigated foreclosures as well as escalated matters which may have negatively impacted the investor or the company. Reported to Team Leader of Foreclosure Operations.• Assisted the Team Leader in the audit of files to ensure compliance with federal, state investor and insurer guidelines as well as company policy and procedures• Assisted the Team Leader in monitoring team and individual performance

Horsham, Pa

Managed, supervised and assisted attorneys in the completion of the foreclosure process within Fannie Mae timelines. Reported to Supervisor of Foreclosure Operations.• Responsible for oversight of 350 foreclosure files in various states for private label clients• Updated data in loan servicing systems and monitored foreclosure timelines• Assisted in training of new employees