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Traverse City, Michigan

Responsible for all residential 1-4 family origination, fulfillment, and servicing operations for the Bank.

Farmington Hills, Michigan

Responsible for all fulfillment, sale, and portfolio operations of the Bank's residential mortgage division, including development of a secondary marketing department to hedge the pipeline and sell loans on a mandatory basis to improve execution.

Responsible for all mortgage origination, sale, servicing, and portfolio operations of the Bank's residential mortgage division. Developed new mortgage strategy focused on more closely aligning the mortgage operations with the Retail and Commercial divisions of the Bank. Lead a team to develop a consolidated loan center for all lending divisions of the Bank. Developed new portfolio loan programs to align with the Bank's marketing and balance sheet strategies.; Director of Mortgage Operations… Show more Responsible for all mortgage origination, sale, servicing, and portfolio operations of the Bank's residential mortgage division. Developed new mortgage strategy focused on more closely aligning the mortgage operations with the Retail and Commercial divisions of the Bank. Lead a team to develop a consolidated loan center for all lending divisions of the Bank. Developed new portfolio loan programs to align with the Bank's marketing and balance sheet strategies.; Director of Mortgage Operations 2004 - 2007Republic Bank (Citizens Bank as of December 2006 merger)Responsible for all non-sales activities for one of the Bank's three divisions. Guided the mortgage division to above peer group profitability in 2005 and 2006. Instituted division-wide process improvement initiatives and structural changes leading to continuous performance improvements in indemnification and repurchase expenses, compliance audits, quality assurance audits, investor and regulatory audits, volume-based staffing adjustments, staff cross-training, and file flow improvements. Chaired one of the eleven integration committees for the merger of Citizens Bank and Republic Bank. Show less

Responsibilities included pricing, pipeline hedging, loan sales, investor relations, product development, file receiving, post closing, government insuring, final documents, special programs, and records management for a $4.0 billion retail originator of residential mortgages.Managed all above departments at a cost of 7 basis points during 2001 - 2003 without hiring any permanent staff.Improved pipeline risk measurement and reporting, enhancing profitability by an average of 10 basis… Show more Responsibilities included pricing, pipeline hedging, loan sales, investor relations, product development, file receiving, post closing, government insuring, final documents, special programs, and records management for a $4.0 billion retail originator of residential mortgages.Managed all above departments at a cost of 7 basis points during 2001 - 2003 without hiring any permanent staff.Improved pipeline risk measurement and reporting, enhancing profitability by an average of 10 basis points, or about $2.6 million per year.Introduced profitability-based pricing and hedging policies to more precisely target and deliver budgeted profit goals.Negotiated an alliance with Fannie Mae, a forward bulk servicing sale, three AOT servicing contracts, and two MI company reinsurance partnerships to improve loan and servicing sale revenues.Facilitated a Fannie Mae business consulting review and four years of participation in the Fannie Mae Market Focus industry benchmarking survey, utilizing the results to guide a point of sale strategy. Show less

Responsibilities included pricing, pipeline hedging, loan sales, investor relations, servicing sales, product development, and production branch support for a $8.5 billion originator of residential mortgages.Saved approximately $1 million by re-negotiating agency master commitments, reducing product specific guaranty fees, and improving guaranty fee buy up and buy down executions.Negotiated mortgage insurer pool policies and captive reinsurance structure, adding approximately $500,000… Show more Responsibilities included pricing, pipeline hedging, loan sales, investor relations, servicing sales, product development, and production branch support for a $8.5 billion originator of residential mortgages.Saved approximately $1 million by re-negotiating agency master commitments, reducing product specific guaranty fees, and improving guaranty fee buy up and buy down executions.Negotiated mortgage insurer pool policies and captive reinsurance structure, adding approximately $500,000 to first year income.Executed $3.6 billion in seasoned portfolio sales, recognizing $30 million in gains on sale.Introduced option-based risk management and hedging strategy leading to higher and more stable earnings stream.Negotiated Fannie Mae alliance agreement and all investor agreements permitting a unique reduced documentation program. Show less

Responsibilities included all product pricing, pipeline hedging, loan sales, investor relations, servicing hedging, and underwriting for a $1 billion originator and $4.5 billion servicer of residential mortgages.Negotiated master commitments with agencies.Authored corporate servicing hedging policy.Evaluated and implemented financial hedges for the servicing portfolio.Established and maintained all private investor relationships.Introduced automated underwriting system.

In addition to performing all product pricing and interest rate risk management functions, managed the following areas:Loan shipping.Post closing.New loan set-upFinal documents procurement.Product development.Quality control.Servicing portfolio sales and acquisitions.Community lending.

Executed short-term bank investments including Eurodollar deposits. Match funded large loans by raising liabilities. Priced Jumbo CDs, repurchase agreements, and other short-term investment instruments for bank customers. Executed interest rate swaps to achieve targeted asset/liability balance.

Traded five currencies on interbank markets generating several million dollars in gains. Provided hedge consulting services to customers. Assisted in development of computerized foreign exchange trading and servicing operations system. Trained junior traders.

Mba

B.A., Economics