David Savin Email and Phone Number

The evolution and re-branding of Richfield Capital to a new mortgage banking/brokering platform to service the needs of the Consumer and Broker alike.We work with Residential, Government, Hard Money, Commercial, Multifamily, Industrial, Sub-prime and Business Finance programs.Part of the new Select Choice Financial Company family of companies operates like a Boutique Financial Services firm.Call on us now to see how we may help your borrowers or business today!dsavin@selectchoicemtg.comBRE: 00995478NMLS: 360710

Consulted with independent mortgage firms and Financial Institutions (Banks) in the creation and management of sales teams to market financial products, streamline operations and limit the cost per loan and improve turn times and consult in Secondary Marketing, facilitate loss mitigation efforts, commercial and residential loans with brokers, investors, title, and attorneys.Train sales personnel in telemarketing scripts, financial file structure, ethics, time and territory management and closing.Interpret mortgage documents, including P&Ls, HUDs, tax information and loans to make good business decisions. Commercial loan placement, REO sales and similar products.Work with clients to determine the best possible solution for both parties (DIL, short sale, Mod, short refi, cash out, debt settlement, purchase real estate etc) so financial goals may be achieved.Underwrite and process mortgages (commercial and single family),Modification Loan packages and teach PIPELINE MANAGEMENT.

Managed $1B annual volume mortgage banking operation on day to day basis. Acted as the liaison between owners (3) and other Senior Management and consulted to the principals. Created and participated in a program to fund difficult and hard to place loans and the liquidation of scratch and dent mortgage assets.Responsible for the creation of BRF University. (The comprehensive training of new and seasoned retail loan officers).Instrumental in the creation and liaison for a new Commercial Banking and Second Trust Deed Divisions for products and secondary market investors.Created new products, programs, policies and procedures and financial opportunities.Recruitment and management of > than 100 loan officers.

Helping Brokers, Bankers and Consumers in the offering of a variety of financial products.

Managed a Regional Loan Production Team for a top nationwide wholesale lender in a demanding environment.Recruited and trained underwriting and production staff with final approval and exception authority on loan files.Acted as a second Sales Manager. Implemented field underwriting and cultivated broker relationships.Profit and Loss responsibility for my unit.Found creative ways of approving files while mitigating financial losses and repurchases for the company.Maintained high standard of file quality and performance as tracked by corporate and investors.

Instrumental in creating a new Western Division (along with its Regional Director) for an East Coast Financial Institution.Developed new products in both Residential and Commercial loan markets.Identified decision makers and developed all critical relationships regardless of what rank within a company.Coached brokers how to communicate guideline changes and effective alternative solutions with their clients.Continually trained/updated Brokers on new and discontinued programs due to constant market changes.Personally developed complete infrastructure and hired personnel.Reviewed conditions and suggested alternative documentation to ultimately fund sellable loans to the secondary market.Trained sales personnel and originated millions of dollars in personal production.

Responsible for day-to-day operations for boutique mortgage banker. Duties including but not limited to: underwriting, selling "scratch and dent" loans from previous regime, human resources, new commercial and residential loan products and pipeline management.Started in a "troubled" mortgage environment. Successfully stabilized cash flow, increased sales and improved file quality.

Acquired a $50MM credit facility to facilitate the funding of residential mortgage loans.Started from scratch a complete and comprehensive mortgage banking operation for one of America's largest "net branch" companies.

Negotiated and managed contracts between mortgage bankers and our company. Grew assigned territory and became the second largest profit generating territory in North America, with sales exceeding 2.1 billion dollars in 1997.Manager of Correspondent Lending Division. Purchased closed loans on a flow and bulk basis.Created new loan products for securitization (MBS/Remic's) and a Commercial Lending Division.Developed marketing programs, set up events, product launches and seminars for focus products and new suppliers.Conducted technical product updates and roadmaps presentations at strategic accounts.Generated reports critical for business development and gaining market share; acted as the liaison between all levels of personnel within the organization. Provided business counseling on strategic issues to upper management.Performed market research, competitive analysis, and worked with engineering on product planning and development.

Principal in one of California's largest retail Commercial and Residential loan brokerages.