Nick Maimonis Email & Phone Number

Braintree, MA

Brockton, Massachusetts, United States

Brockton, MA

• Responsible for the management/oversight of all Residential Mortgage and Consumer Loan collection activities, providing guidance and oversight with a staff of twelve (12) employees
• Educate staff in all areas of Federal, State and CFPB statutory and regulatory requirements through assorted ongoing training and mentoring protocols to enhance their personal and professional growth
• Created and implemented Policy and Procedure Manual
• Decreased overall non- accrual loans from February 2014 to January 2016 by $20M
• Decreased overall delinquency across all product lines by 125 basis points
• Increased responsibilities by assuming management of Loss Mitigation and OREO departments

Providence, RI

• Managed staff of 10 Collectors, 1 Residential Workout Officer and 1 Collection Coordinator
• Created Collection Policies and Procedures for all Consumer Loan Products (i.e. Residential Mortgages, Other Real Estate Owned (OREO), Title I Home Improvement Loans, Automobile Loans, DDA Overdraft Accounts, Bad Debt.
• Created and implemented training and development program in all facets of collection processes (loss mitigation; bankruptcy, foreclosures, repossessions)
• Oversaw the collection activity of largest FHA Title I Home Improvement Loan portfolio in the country (25,000 loans with outstanding balances of $200M
• Responsible for creating and maintaining departmental budget
• Instituted automation in many areas of daily operations to increase productivity, while mitigating costs (Demand Letters; Repossession Letters; CISCO Telephone System; Report Writer Functionality, Property inspections.

Full-time caregiver during family member's illness

Boston, MA

• Directed staff of 10 employees in all areas of collection, foreclosure and bankruptcy activities
• Increased staff productivity 48% by implementing training and development initiatives
• Evaluated and reorganized areas in need of improvement, thus redefining departmental priorities, incorporating more suitably defined staff roles, responsibilities, and individual staff and departmental objectives
• Trained staff in all areas of applicable agency, investor and regulatory guidelines (Fannie Mae, Masshousing Homeownership Programs, Federal Housing Finance Agency, HUD, etc )
• Identified the need and helped facilitate the automation of system driven letter writing functionality, conserving over 20 man hours per week

Sudbury, MA

• Management of all facets of Default Management Department (Loss Mitigation, Collections, Bankruptcy, Foreclosure, Quality Control, Property Preservation, MI Claims, Litigation of Prime, Sub Prime, HUD, VA, RHS, FHLMC.
• Reorganized departmental infrastructure to enhance loss mitigation initiatives
• Rewrote and implemented policies and procedures
• Adopted and implemented better automation of software, in conjunction with the Fiserv (MortgageServ) servicing platform
• Established customized processes and workflows to proactively address client needs
• Improved staff productivity through mentoring, training and development programs

Wilmington, MA

• Oversaw all servicing, administrative and operational areas of company
• Developed and implemented policies and procedures to ensure productivity, profitability and compliance
• Created disposition strategies for each loan pool purchased
• Negotiated settlements and workouts of company assets
• Restructured troubled assets, analyzing net present value and best method of resolving each asset
• Managed litigation issues surrounding assets

Westwood, MA

• Managed all collection and recovery activity for combined loan portfolios of $1.5billion, representing 135,000 loans (auto, home improvement, lines of credit…)
• Revamped overall structure of department, growing from seven (7) employees to thirty four (34) employees
• Created and implemented policy and procedures, ensuring compliance with applicable legal and regulatory requirements
• Implemented training and development programs
• Adopted and Implemented better automation and software and strategic planning initiatives
• Reduced delinquency levels to below regional and peer averages through loss mitigation initiatives

Philadelphia, PA

• Analyzed in house Loss Mitigation strategies and recommended/implemented alternative options
• On site Servicer reviews of Fannie Mae’s Loss Mitigation polices and procedures
• Coordinated and instructed Servicers in all areas of Loss Mitigation
• Implemented and approved alternative protocols to mitigate exposure/losses

Bachelor'S Degree, Sociology

B.A., Pre-Law Studies