David Pearson Email & Phone Number

Mt Laurel, Nj

Mt Laurel, Nj

Evaluation of a wide variety of collateral types including Office Products, Transportation, Machine Tools, IT, Medical and others.

End of Lease and Repossession Remarketing of small ticket equipment. Evaluations and residual setting for a wide range of asset types. Manage a department of two (2) members responsible for all End of Term returns and repossessed assets. Member of the Residual Committee and liaison with Credit for collateral studies.

Providing asset management services and consultations to various banks and financial organizations. Services include appraisals, remarketing of repossessed/returned equipment, and recovery strategies.

Senior Evaluator/Remarketer/Director, De Lage Landen FS, Wayne, PADe Lage Landen Financial Services (DLLFS) is a subsidiary of Rabobank of Eindhoven, Netherlands with assets of €608billion. DLLFS is a leasing and financing vendor group specializing in agriculture/food, medical, office equipment, bank services, material handling/construction and technology lending. • Reorganized the equipment evaluation group by establishing policy and procedures, methodology and marketing strategy.• Negotiated a $1.6M potential residual loss into an equipment gain on sale.• Worked with European counterparts to establish common practices.• Directly supported the Manitowoc and Material Handling programs by identifying remarketing channels and providing crafted collateral and residual studies.• Provided insight and support to the local Credit Committee for equipment values and potentially hazardous applications.

The CIT Group is a bank holding company headquartered in New York, NY. With clients in more than 50 countries, it has more than $45 billion in managed assets providing financing and leasing for several Fortune 1000 companies.- Direct responsibility for the Asset Management Department. Integrated the Capital Asset Management Group into the Equipment Finance Group. - Established policy and procedures and white paper for residual setting methodology.- Streamlined the credit watch function to proactively identify potential defaults and equipment resale strategies.- Expanded the department from a staff of three to a staff of nine supporting corporate growth goals.- Managed a $500K budget with annual results consistently under budget.- Handled complex workouts and defaults resulting in recoveries above corporate expectations. A $20M day one default resulted in an $18M recovery.

Professional Certificate, Global Affairs

International Studies with emphasis in Economics and NGOs.

Ba, History/Pre-Law