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.

• 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.
• 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.
• 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.
• 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.

Bse, Finance

Mba, Finance, Accounting