John Mortimer Email & Phone Number

Front Royal, Va

Materially involved in the growth and development of a Retail mortgage company. Directly responsible for the management of all Secondary Marketing, Post Closing and hedge management functions. Created the Secondary Marketing department, including the hiring and training of staff in hedge management. Introduced a bidding system to the allocation process in order to ensure maximum execution at a loan level basis. Managed all investor relationships. Created the Post Closing department including hiring, training and managing of the management and staff.

Winchester, Virginia

Materially involved in the growth and development of a Retail mortgage company. Directly responsible for the management of all Secondary Marketing, Post Closing and hedge management functions. Created the Secondary Marketing department, including the hiring and training of staff in hedge management. Introduced a bidding system to the allocation process in order to ensure maximum execution at a loan level basis. Managed all investor relationships. Restructured the overall focus and flow of the Post Closing department including hiring, training and managing of the management and staff, resulting in a 54% improvement in the overall efficiency of the department during a twelve month period.

Falls Church, Virginia

Materially involved in changing the Residential Mortgage Division from a Third Party, portfolio loan-based origination model to a Retail, salable loan-based origination model, which resulted in a 625% increase in salable loans originated in 2009 versus 2007.Restructured the Secondary Marketing Department to emphasize salable loan production versus portfolio loan production, including increasing the investor base from one to six correspondent lenders, and the creation of a Risk Management Policy, Internal Lock Policy, internal rate sheet, best execution model, and monthly management reports detailing department performance statistics.Created the Post Closing Department to accommodate the change from a portfolio lender to salable correspondent lender, including the hiring of management and staff, development of procedures, and the introduction of MERS and file imaging to improve delivery efficiencies.

Winchester, Virginia

Created and managed a FINRA Member Broker-Dealer involved in whole loan trading, brokering of subordinated debt, and sales of 401(k) services.Applied for Broker-Dealer approval with FINRA and the SEC, all state licenses, creation of the LLC, and domain name applications. Established all accounting functions including payroll and monthly budgetary reports. Obtained Series 7 General Securities License and Series 24 General Securities Principal License. Negotiated Agreements with financial institutions and investment management firms. Hired and managed sales staff.

Chevy Chase, Maryland

Materially involved in the creation and management of a Retail Mortgage Banking company whose production increased from $35 million/month to a high of $140 million/month.Created an Alternative Documentation mortgage program, including product guidelines, interest rate risk management and bulk sales strategies. Over $1 billion was committed for sale under this program over a 24 month period and exceeded revenue expectations by $11 million.Created a hybrid ARM program, including product guidelines, interest rate risk management and bulk sales strategy, which increased loan origination volume by 16% over a nine month period. Negotiated program variances and volume incentives with various investors. Developed secondary marketing policies and procedures. Responsible for investor relations, departmental growth and budget proposals. Hired, trained and managed the secondary marketing staff. Improved the overall efficiency of the Post Closing Department, resulting in a 50% reduction in the department's staff size.

Winchester, Virginia

Created production offices, recruited and managed sales and support staff for Winchester, Virginia and Martinsburg, West Virginia.

Winchester, Virginia

Involved in all aspects associated with the creation of a mortgage company, including state licensing, investor relations, employee benefits, capital requirements, recruitment, and sales.

Mclean, Virginia

Managed a $65 million/month production pipeline.Developed a low-risk hedging and delivery strategy which resulted in an average 20 Basis Point revenue increase in the sale of loans during 1997.Involved in the creation of a mortgage company, including state licensing, investor relations, recruitment, and sales.

Fairfax, Virginia

Managed a $200 million/month production pipeline for the Company's Eastern Division.Developed a National Builder Commitment program which contributed $115 million in production to Mortgage Service America's Eastern Division over a twelve month period.

Mclean, Virginia

Responsible for the development of a First Time Homebuyer program with Freddie Mac.

Mclean, Virginia

Received the President's Club Award for originating approximately $36 million over a six month period.

Somerville, New Jersey

Obtained Series 7 and Series 63 General Securities Licenses, and attended the Merrill Lynch Securities Training Program.

Bethesda, Maryland

Assisted in the management of a $30 million branch.

Falls Church, Virginia

Fairfax, Virginia

Supervised seven employees.

Burbank, California

Bachelor Of Arts, Managerial Economics

Education record