Michael Carp Email & Phone Number

Dallas, TX

• Headquartered in Dallas, Veritex Community Bank has over 40 banking centers throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area. Veritex Community Bank is a Texas state chartered bank.
• Hired to lead the integration of special assets from seven acquired banks.
• Projects have included data consolidation, portfolio re-assignments, best practice reviews and drafting new procedures.
• Collaborate with accounting & finance to manage purchase accounting issues and recently-adopted CECL matters.
• Managed nine-member team that resolved more than $110 million of distressed assets in 2021 with a recovery of more than 93% and more than $86 million of distressed assets in 2022 with a recovery of more than 98%.
• As a player-coach, I am responsible for portfolio operations and managing sub- and non-performing loans secured by commercial real estate.

Dallas, TX

• Leveraging vast experience in commercial lending and business operations to provide professional consulting services to lenders, investors, lawyers and service companies.
• Underwrote and inspected commercial real estate for high-yield debt funds.
• Evaluated and submitted recommendations for a portfolio of under-performing loans secured by hotel properties.
• Researched the options for regional mall re-development.
• Developed and presented proposals to build a Dallas-based underwriting/surveillance/asset management platform.
• Observed and evaluated private mediations; completed assignments for Dallas County Dispute Resolution Center.

Dallas, TX

• Recruited by H/2 to lead the authentication and expansion of asset management platform.
• Established the Dallas office and orchestrated strategic hires.
• Managed efforts to grow beyond provisional Primary Servicer and Special Servicer ratings and achieved rating upgrades from FitchRatings and S&P within six months.
• Oversight of business activities including servicing & administration, operations & technology and loan/REO asset management.
• Led eight-member Credit Committee and supervised all borrower requests and asset management activities including the resolution of defaulted commercial loans.
• Directly managed defaulted commercial loans avoiding millions in losses.

Dallas, TX

• Responsibilities included hands-on asset management, portfolio administration and oversight, employee recruiting & retention and liaison with various corporate support services (finance/accounting, human resources.
• Acquisition underwriting for more than $1.5 billion of FDIC portfolios, conduit b-pieces and Freddie Mac K-Series.
• In the transition from Capmark to Berkadia, intense focus on operational efficiency and, through meticulous process reviews, realized immediate cost savings from a 26% workforce reduction.
• New business prospecting targeted “pure” third party asset management (including banks, FDIC and GSE’s) and strategic alignment with owners and buyers of distressed debt.

Dallas, TX

• Member of Sr. Leadership Team responsible for the management and expansion of Commercial Solutions, a business unit dedicated to providing commercial real estate underwriting and asset management services to Capmark.
• Collaborated with internal Six Sigma resources to undertake ambitious enterprise-wide efficiency initiative. Coordinated clusters of staff teamed for best practice and process reviews. Changes included the.
• From late-2006 through mid-2008, substantially dedicated to Capmark Affordable Equity (972 properties, $3.0 billion in tax credit equity, $5.6 billion of outstanding debt); selected to lead entire Asset Management.
• From 2006 through 2009, the group resolved more than 600 commercial assets ($4.4 billion).

Dallas, TX

• Led team to evaluate operational efficiencies; best practices review substantially complete in the first 100 days; selected to manage the integration and management of the combined US operations.
• Sustained a thriving acquisition initiative targeting sub- and non-performing loans and impaired subordinate CMBS.
• In January 2006, led the integration efforts to consolidate Asset Management and Special Servicing into Global Services. Projects included an operational review that produced annual savings of $2.5 million (a 20%.
• From late-2003 through mid-2006, the group resolved more than 700 commercial real estate assets with an unpaid principal balance exceeding $4 billion.

Dallas, TX

• Integrated the AMRESCO and Lend Lease special servicing operations. Assumed responsibility for all Lend Lease domestic asset management activities including CMBS special servicing and C&I asset management.
• Provided asset management underwriting and advisory support for strategic initiative to acquire subordinate CMBS and sub- and non-performing loans. Worked collaboratively with institutional and opportunistic investors.
• Acted as Lend Lease’s representative in Lend Lease Mexico, a joint venture with BBVA-Bancomer. Lend Lease Mexico (successor to AMRESCO Mexico) was engaged in the underwriting, acquisition and management of sub- and.
• Oversight for final liquidation of C&I assets in co-investment partnerships with several large institutional investors.
• Critical functions include client/investor relations for third party clients, co-investment partners and joint venture partners.
• As Principal, responsibilities include portfolio administration/oversight, operating procedures, staff recruiting/training, engagement of legal counsel and consultants and liaison with various support services.

Dallas, TX

• Initially hired to manage assets under a series of SAMDA contracts for the Chicago regional office of the Resolution Trust Corporation (RTC). Quickly promoted to Senior Asset Manager and given more portfolio management.
• Managed the disposition of a $44 million portfolio of performing and sub-performing loans (Burritt) acquired with a major Japanese institution.
• In 1992, established asset management policies and procedures for securitized portfolios. Participated in the earliest servicer reviews for BEI to be rated as a Special Servicer. Managed the Special Servicing.
• In 1994, established policies and procedures for BEI’s largest co-investment portfolio – California Federal Savings Bank (CalFed). This portfolio included 194 assets (including loans and REO) with an outstanding.

Dallas, TX

Dallas, Texas

Dallas, Texas

Dallas, Texas

Master Of Arts - Ma, Dispute Resolution

Bba, Business, Accounting