Ken Burke

Ken Burke Email and Phone Number

Vice President, Servicing Operations @ Freddie Mac
McLean, VA, US
Ken Burke's Location
McLean, Virginia, United States, United States
Ken Burke's Contact Details

Ken Burke personal email

n/a
About Ken Burke

•A highly accomplished strategic executive with a wealth of expertise in business, finance, operations, and system design and implementation within the Mortgage industry and a proven track record of success in leadership roles at Freddie Mac, Acenden Limited, and Lehman Brothers.•Offers broad-ranging expertise in Corporate Development, with the ability to manage opportunities end-to-end. Scope of experience includes developing strategic analyses, preparing financial analyses for acquisitions, joint ventures, and divestitures, structuring and negotiation transactions, pre-acquisition financial and operational due diligence, day 1 operational readiness in acquisition and startup scenarios, and post-acquisition integration. •Experienced in Chief Administrative Officer activities that include formulating strategic vision, developing business plans, managing budgets, overseeing compensation processes, creating internal communications plans, liaising with internal and external auditors and regulators, and achieving operational efficiencies. •Drives successful outcomes by effectively managing through metrics, delivering continuous improvement, implementing risk management strategies, optimizing costs, and fostering innovation.•A tech-savvy leader who delivers creative solutions to ever-changing business needs while capturing increased efficiency and productivity. Visualizes broad situations with a command of the details necessary to ensure the successful resolution of challenging issues. Areas of Expertise:• Mortgage Servicing• Default Management• Mortgage Origination• Operations Management• Mergers & Acquisition• Risk ManagementSelected Career Achievements:▪Directs servicing operations at Freddie Mac, supervising a team of ~200 and ensuring the overall quality of execution through all economic and market conditions. Optimizes headcount and expenses through improvements in efficiency and effective management of volume. Has resulted in a decade+ of year-on-year cost reductions.▪Minimized losses in the aftermath of the 2008 Financial Crisis through implementation of loss mitigation strategies including modifications, short sales, active foreclosure oversight, and optimized liquidation/disposition pricing and channels. ▪Sponsored and executed the Investor Reporting Change Initiative, the most significant change and improvement to servicing portfolio reporting and remitting in the history of the Freddie Mac process.Email me at kburke2a@gmail.com or call me at (908) 432-8830.

Ken Burke's Current Company Details
Freddie Mac

Freddie Mac

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Vice President, Servicing Operations
McLean, VA, US
Website:
freddiemac.com
Employees:
11232
Ken Burke Work Experience Details
  • Freddie Mac
    Vice President, Servicing Operations
    Freddie Mac
    Mclean, Va, Us
  • Freddie Mac
    Vice President Of Servicing Operations
    Freddie Mac 2011 - Present
    Mclean, Va, Us
    FREDDIE MAC, MCLEAN, VA (2011 to Present)Vice President of Servicing OperationsLeads vision, strategy, and execution for all facets of servicing operations at this government-sponsored enterprise that provides liquidity, stability, and affordability to the U.S. housing market. Effectively manages a team of ~200 ensuring the overall quality of servicing through all market conditions. Valued as a top contributor capable of enhancing portfolio performance through loss mitigation strategies and metrics-driven operations management.▪Serves as architect of a strategic technology roadmap, overseeing the seamless integration of cutting-edge technologies into servicing operations. Leading a multi-year $100M+ investment, responsible for introducing a suite of market-leading tools, including the innovative Servicing Gateway and the Resolve tools. This comprehensive toolkit empowers mortgage servicers to effectively assist borrowers in resolving delinquencies.▪Directs reporting and cash inflows of up to $50B per month for the Freddie Mac Single-Family portfolio encompassing over 13 million loans.▪Drives loss mitigation and foreclosure activities. Oversees mortgage servicer incentive compensation, provides exception decisions, and ensures the timely and accurate updating of systems following loss mitigation workouts.▪Minimizes losses while overseeing the disposition of the Real-Estate Owned portfolio.▪Captured substantial improvements in customer service and lower processing times by influencing a shift in management philosophy to focus on key performance indicators.▪Credited with minimizing losses in the aftermath of the 2008 financial crisis through implementation of loss mitigation strategies including modifications, short sales, active foreclosure oversight, and optimized liquidation/disposition pricing and channels.
  • Acenden Ltd
    Servicing Director
    Acenden Ltd 2008 - 2011
    Supervised an organization of more than 300 employees at a company that transitioned from the captive servicing arm of Lehman Brothers to independent via a management buyout. Supported ~100,000 residential mortgage accounts in the United Kingdom and Ireland. Scope of authority included collections, loss mitigation, and REO sales as well as primary and master servicing. Was recruited to improve portfolio performance through loss mitigation strategies and metrics-driven operations.▪Orchestrated market-leading performance that resulted in achieving the highest special servicer rating by Standard & Poor’s of any UK mortgage servicer in 2009 while earning an upgrade in special and primary servicer ratings by Fitch in 2010.▪Maximized staff retention despite the bankruptcy of the parent company Lehman Brothers in 2008. Out of a team of ~350, only one person left the company as a result of the bankruptcy.▪Served the organization as a Financial Services Authority Approved Person and Money Laundering Reporting Officer.
  • Lehman Brothers
    Senior Vice President , Mortgage Servicing - Europe
    Lehman Brothers 2008 - 2010
    Us
  • Lehman Brothers
    Senior Vice President, Principal Finance
    Lehman Brothers 2006 - 2008
    Us
  • Lehman Brothers
    Vice President, Mortgage Capital Division
    Lehman Brothers 2003 - 2006
    Us
  • Lehman Brothers
    Vice President, Finance, Acquisitions, And Strategy Group
    Lehman Brothers 2000 - 2003
    Us
  • Gentek, Inc.
    Assistant Controller, Performance Products
    Gentek, Inc. 1999 - 2000
  • Ocwen Financial Corporation
    Senior Manager, Corporate Acquisitions / Strategic Planning
    Ocwen Financial Corporation 1998 - 1999
    West Palm Beach, Florida, Us
  • Rohm And Haas
    Financial Analyst
    Rohm And Haas 1997 - 1998
    Us
  • Rohm And Haas
    Sr. Process Engineer / Process Control Engineer / Project Engineer
    Rohm And Haas 1990 - 1997
    Us

Ken Burke Skills

Mortgage Lending Mortgage Servicing Financial Services Mortgage Banking Finance Default Risk Management Credit Loan Servicing Portfolio Management Securitization Banking Loans Capital Markets Financial Analysis Credit Risk Asset Management Management Structured Finance

Ken Burke Education Details

  • The University Of Chicago Booth School Of Business
    The University Of Chicago Booth School Of Business
    Statistics
  • Virginia Tech
    Virginia Tech
    Chemical Engineering

Frequently Asked Questions about Ken Burke

What company does Ken Burke work for?

Ken Burke works for Freddie Mac

What is Ken Burke's role at the current company?

Ken Burke's current role is Vice President, Servicing Operations.

What is Ken Burke's email address?

Ken Burke's email address is kb****@****ail.com

What is Ken Burke's direct phone number?

Ken Burke's direct phone number is +190843*****

What schools did Ken Burke attend?

Ken Burke attended The University Of Chicago Booth School Of Business, Virginia Tech.

What skills is Ken Burke known for?

Ken Burke has skills like Mortgage Lending, Mortgage Servicing, Financial Services, Mortgage Banking, Finance, Default, Risk Management, Credit, Loan Servicing, Portfolio Management, Securitization, Banking.

Who are Ken Burke's colleagues?

Ken Burke's colleagues are Sintayehu D Bedasa, Acca, Cpa, Mba, Msc,amp, Vinatha Chakaravarthi, Jason Lucero, Lilly Cannon, Melissa Narragon, Elle-Rose Lagdameo, Manjunath Hegde.

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