Patrick Flanagan Email & Phone Number

Franklin, Tn, Us

Irvine, California, Us

New York, New York, Us

• Sourced, structured and lead diligence on corporate debt, asset backed loans, and preferred equity investments • Completed market analysis of opportunities in the residential mortgage and REO market• Completed product development, including underwriting guidelines and pricing matrices for Alt-A, Non-QM and Closed End Second Mortgage programs• Sourced forward commitments from national mortgage banking franchises to purchase and jointlyinvest in portfolios of mortgage loans• Sourced forward commitment from nation mortgage banking franchise to purchase real estate andrelated lease to own contracts• Directed communication with various rating agencies regarding the analysis of Alt-A, Non-QMand Closed End Second Mortgage programs

Newport Beach, Ca, Us

Founded company and designed its lease to own product, the Mortgage Alternative Program (MAP) • Designed and directed offering of program in 16 states• Led and negotiated common equity, Series A preferred and subordinated debt offerings for the company• Established bank lines of credit for acquisition of MAP assets• Established $250 million joint venture fund as vehicle to hold portfolio of MAP assets• Managed implementation of enterprise class dynamic-retargeting-marketing system utilized toself-source consumer direct leads for MAP program and other consumer productsTroubled Asset Acquisition Corp. Founder/Managing Member August 2009-March 2011 Founded and established Investment Management Company that managed a series of 6 distressed mortgage and real estate related funds. TAAC ceased new portfolio acquisitions as the management team transitioned to Cove Financial Group to start acquisition of MAP assets• AAM-I through AAM-VI funds totaled in excess of $200 million of mortgage loans and real estate• WEP, LLC Private Equity fund invested in Series A preferred round for a special mortgage servicer, with successful exit of investment within 3 years

New York, Ny, Us

Established the company’s residential mortgage trading and and investment group• Assets included MBS, CDO,ABS, CDS, ABX, Whole-Loans (performing and non-performing),REO’s and other consumer related structured financial products• Led diligence team in the analysis of mortgage exposure and valuation of potential private equityinvestments in financial services business• Prepared analysis of mortgage and MBS related exposure and loss mitigation strategies forportfolio companies

Los Angeles, Us

Executive Vice President, August 1998 to Dec., 2005.New Century Mortgage, President, February 2002 to December 2005.New Century Capital Corporation, CEO, October 1998 to December 2005Home 123 (New Century Retail Lending Subsidiary) CEO, March 2003 to December 2005From January 1997 to February 2002, served as Executive Vice President and Chief Operating Officer of New Century Mortgage. Initially joined New Century Mortgage in May 1996 as Regional Vice President of Midwest Wholesale and Retail Operations.During 4 year tenure as head of loan originations, credit, secondary marketing and loan servicing, led the company through a period of unprecedented growth in size and profitability.• Increased annual loan production from $6 billion in 2002 to $56 billion in 2005• Grew employees from approximately 700 in 2002 to over 7200 in 2005• Managed originations, sales and servicing of more than $125 billion• Net income in 2005 of more than $415 million