David Arend Email and Phone Number

Responsible for providing security over large corporate Fortune 36 Company’s regional employee hub. Monitor and coordinate with armed on-site tactical response team. Primary response operator for emergency medical issues, bomb threats and active shooter events. Monitor the actions, access and activities of employees via 850 CCTV cameras and Access Control Management Software.

Direct oversight and operational control over all aspects of non-performing, foreclosure and defaulted loans. Accountable for budget, financial and market forecasting, controlling costs, profitability, operational and strategic objectives. Responsible for overall portfolio asset rehabilitation, cost controls and P&L management. Provided monthly, quarterly and annual analytical financial, loss severity and portfolio performance reports. Reviewed portfolio and accounts identifying lost revenue and implemented corrective recovery plans. Developed and implemented policies and procedures, systems, workflows and reporting in collaboration with executive leadership to achieve and maintain operational excellence. Developed and maintained on-going business continuity strategy. Evaluated BPO’s, appraisals and other market area data to establish asset values and constructed comprehensive equity analysis and property valuations. Evaluated and determined best strategy in obtaining optimal 97% - 101% ROI. Prepared foreclosure bid strategies, forwarded instructions and followed up on post sale results. Implemented attorney scorecard to elevate attorney’s performance; established judicial and non-judicial timelines and milestones. Reviewed & approved all incoming and outgoing legal documents, court filings and pleadings.and monitored foreclosure timelines, timely completion of required tasks on loans and accuracy of status information. Ensured all loans are handled in accordance with company policies and procedures, investor guidelines and state laws. Ensured all properties kept in full compliance with local code requirements. Attended judicial hearings, provided testimony and other related documentation. Ensured all properties covered with appropriate level of insurance coverage. Reviewed, reconciled and approved attorney, vendors and affiliated businesses entities billings, fees and costs.

Provided daily strategic management of a $500M+ 60-day plus non-performing loan portfolio. Managed a team of 75 direct report attorneys as well as various outside sub servicers and title companies. Operational point of contact for special clients and senior executive team. Prepared annual and monthly operating budgets with direct involvement of monthly corporate financial reports and financial statements. Foreclosure and Default. Managed operations, brokerage, marketing, valuation teams and legal department to list assets on the market and ensure they were valued, priced and marketed to defined standards and consistent 97% -103% ROI. Formulated and established guidelines and workflows for foreclosure, loss mitigation and non-performing loan management. Oversee the marketing plans for all assets including MLS and auction listing data and photographs. Directed the management of a national foreclosure network, attorneys and title companies, property preservation, property inspection and asset evaluators. Established and grew a national network of ‘Bulk’ sale buyers. Developed and maintained a timeline adherence scorecard to ensure all judicial and non-judicial foreclosures proceeded in accordance with established timelines and cost basis. Evaluated market and property data from BPO’s and appraisals to determine fair market value and developed comprehensive equity analysis and best liquidation strategy. Developed and oversaw pricing and repricing models, offer and acceptance and negotiation strategies. Reviewed and approved bidding instructions, analyzed short payoffs, Deed-in-Lieu’s and loan modifications to rehabilitate non-performing loans.Management: Consistently drove down default rates during a changing and dynamic economy. Collaborated with lateral executive team on programs to reverse the flow of loans to foreclosure. Executed corporate strategies that achieved significant cost reductions and considerable increase in recovery rates.