Scott Hirsch Email & Phone Number

New York, Ny, Us

Greater New York City Area

• Advising on merger of two mortgage originator firms with CEO of BroadSolutions and Towne.• Produce financial models including pro-forma historical and future projections of merged income statements and balance sheets.• Create marketing materials for senior secured and mezzanine debt capital raise.• Assist in negotiations between predecessor companies.• Advised start-up mortgage originator firm on mortgage collateral and securitization. Resulted in purchase of Towne Mortgage Company.• Litigation consulting on legal matters involving mortgage origination and securities structuring. Matters include lending guidelines, description of collateral, structural subordination and mortgage servicing.

New York City Metropolitan Area

• Implement and run loan hedging and secondary loan sale program, improving cash execution.• Manage MSR valuation and subservicer relationship.• Improve workflows in secondary, funding and post-closing.

Greater New York City Area

• Manage loan sales to optimize cash flow and profitability.• Create marketing materials for senior secured and mezzanine debt capital raise.• Work with operations and technology teams to improve origination process.

Greater New York City Area

• Worked with servicing to maximize value of delinquent loans. Created loss mitigation strategies. Sold scratch and dent loans.• Generated likely to prepay leads for recapture by internal call center, creating origination income in addition to preserving the MSR.• Created analytics and reporting used to maximize cash flows from MSRs by management, servicing and origination divisions as well as potential investors in the company and investors in MSRs and MSR strips.• Provided analytics to CEO and Board of Directors.• Coordinated with operations and origination to improve the quality of originations by minimizing errors.• Valued and traded $4bln Mortgage Servicing Rights (MSRs) portfolio backed by 25,000 Fannie Mae, Freddie Mac, Ginnie Mae and private label mortgages.• Priced new MSRs for retail, correspondent and wholesale origination channels.• Bought and sold more than $3bln in bulk MSR pools. Managed and coordinated servicing and operations teams during MSR transactions.• Managed third party valuations of MSR portfolio.

• Evaluate portfolios of ABS including residential mortgages, CDOs, credit cards, autos, equipment leases, RVs.• Review investment strategy, portfolio marking and investor reporting. • Advise on defense strategies. Produce written reports summarizing findings.• Prepared ABS Primer for attorneys.

Citigroup / ACC Capital HoldingsACC Capital Holdings was the holding company for Ameriquest and Argent mortgage companies, and one of the largest sub-prime issuers in the country. The following three major functions were performed concurrently. Citi acquired ACC.Capital Markets• Evaluated seasoned collateral. Recommended and implemented strategies to maximize value for residual positions. One transaction, initiated by calling four deals, caused a re-remic to payoff, releasing $50mm in cash and a $40mm gain.• Structured new-issue sub-prime mortgage transactions: Deals averaged $2 bln in collateral and 15 bond tranches. Optimized collateral and mortgage insurance coverage, estimated collateral loss, built derivatives (swaps and/or caps). Determined optimal bond structure. Ran ratings agency process, sent bonds for agency sign off. Evaluated and price residual for equity sale. • Championed changing clean-up call percentage to 5% from 10%, enabling a longer swap in the deal. This increased executions by 10bps, or about $2mm.Corporate Strategy• Reverse engineered competitor securitizations to gain insight into market loan production, and to estimate profitability.• Designed and produced report for senior management analyzing ACC production versus competition.• Analyzed and helped design new products. Considered benefit to borrower and potential demand. Used estimates of impact to securitization and deal structure to forecast profitability.Investor Relations• Designed and built a portfolio surveillance system to track performance of more than 90 securitizations with $50 billion in outstanding balances. • Monitored delinquencies, losses, pre-payments, potential step-down and ultimate payoff for bonds from ACC shelves: AMSI, ARSI, PPSI and Quest. • Marketed ACC’s securitization programs to investors. Discussed corporate strategy, market conditions and bond specific bond performance.

Bse, Finance

Mba, Finance, Accounting