Drew Sygit

Drew Sygit Email and Phone Number

Why aren't you diversifying into rental properties? @ Real Estate Investment Association of Oakland County
southfield, michigan, united states
Drew Sygit's Location
Birmingham, Michigan, United States, United States
Drew Sygit's Contact Details
About Drew Sygit

Almost two decades of experience in the fields of real estate investing, finance, and special assets.

Drew Sygit's Current Company Details
Real Estate Investment Association of Oakland County

Real Estate Investment Association Of Oakland County

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Why aren't you diversifying into rental properties?
southfield, michigan, united states
Employees:
6414
Drew Sygit Work Experience Details
  • Logical Property Management
    Managing Partner
    Logical Property Management Feb 2020 - Present
  • Real Estate Investment Association Of Oakland County
    President: Board Of Directors
    Real Estate Investment Association Of Oakland County Feb 2007 - Present
    Southeast Michigan's largest real estate investors group. Monthly meetings feature local and national experts. Numerous subgroups focus on specific niches.President for 3 years, after being chair the Program Committee, organizing the speakers & topics for the monthyl meetings. Also chaired the 2009 & 2010 Board Retreat meetings, assisted with social media efforts and developed a campaign to attract additional members.
  • Royal Rose Properties, Inc
    Managing Partner
    Royal Rose Properties, Inc Jan 2003 - Feb 2020
    Birmingham/Bloomfield
    One of the Detroit area's leading property management companies - focused on the Tri-County, metro-Detroit area, including the rebuilding City of Detroit. We leverage technology to give property owners up-to-date and thorough information on their rental properties at their fingertips online. Everything is transparent via an owner's private portal, supported by scanned docs, pics and videos. We're not perfect, but our integrity is unquestionable.
  • Business Edge Consultants
    Principal
    Business Edge Consultants Jan 2012 - Feb 2016
    1221 Bowers #151 Birmingham, Mi 48012
    Expert at solution design for Shared-Loss Agreements, Special Assets & REO/OREO.
  • Talmer Bank & Trust, Formerly First Michigan Bank
    Special Assets, Shared-Loss & Oreo Associate Managing Director
    Talmer Bank & Trust, Formerly First Michigan Bank Oct 2009 - Dec 2011
    Troy, Mi
    Talmer Bank & Trust, formerly First Michigan Bank, purchased the assets of the following failed institutions from the FDIC:• 04/30/10 - $808.1 million, Citizens First Bancorp of Port Huron, MI • 11/19/10 - $515.6 million, First Banking Center of Lake Geneva, WI• 02/11/11 - $331.0 million, Peoples Savings Bank of Madison Hts, MI• 04/29/11 - $362.4 million, Community Central Bank of Mt Clemens, MIResponsibilities and accomplishments:• Initial Due Diligence for… Show more Talmer Bank & Trust, formerly First Michigan Bank, purchased the assets of the following failed institutions from the FDIC:• 04/30/10 - $808.1 million, Citizens First Bancorp of Port Huron, MI • 11/19/10 - $515.6 million, First Banking Center of Lake Geneva, WI• 02/11/11 - $331.0 million, Peoples Savings Bank of Madison Hts, MI• 04/29/11 - $362.4 million, Community Central Bank of Mt Clemens, MIResponsibilities and accomplishments:• Initial Due Diligence for Acquisition• Validation & Evaluation of Purchased Assets via 4.15 Schedules• SOP03-3 Day 1 & Day 2 Valuations assistance• Mapping of Data Fields from FI loan systems to Talmer’s, with ID of fields for manual entry projects• Devised all Reports required by Purchase & Assumption Agreements• Design & Execution of Excel-based system for monthly/quarterly Certificate Generation• Reconciliation of charge-offs, expenses, recoveries and OREO transactions• Wrote Shared-Loss & OREO Policies & Procedures for both SF & NSF• Management of Internal, External & FDIC Shared-Loss Audits• Creation of Claim Package system for validating & documenting claim amounts for Shared-Loss Certificates, FDIC Compliance Reviews and CMC Auditso System contributed to KPMG awarding a “B+” on 1st CMC Audit and a “Gold Star” on 2nd.• Approval of all Special Asset Group transactions for compliance with Shared-Loss requirements• Innovated an OREO asset tracking system within Fiserve loan system constraints• Designed Special Assets Group NPV Analysis for evaluation of Least-Loss option• Working on graphical representation of actual Shared-Loss claims versus Initial Due Diligence & Day 2 SOP03-3 estimates• Identified discrepancy with RSAM-2011-012 in regards to SBA claims. Garnered a conference call with FDIC and SBA senior managers to discuss the issue, but no resolution yet.• On-site & follow up due diligence for purchase of loan package through Morgan Keegan Show less
  • Mariners Inn
    Board Of Directors
    Mariners Inn Oct 2008 - Nov 2011
    Mariners Inn is a nonprofit focused on providing recovery services for men strugglling with substance abuse.As a board member, I'm on the Marketing committee where I contribute ideas, expertise and networking contacts to raise funds for the organization's mission. Please contact me if you'd like to contribute or get involved.Mission: "Saving Familes, One Father at a Time".
  • Michigan Association Of Cpa’S
    Speaker & Task Force Member
    Michigan Association Of Cpa’S Feb 2008 - Nov 2011
    The Task Force develops & organizes programs for members.I also do webinar presentations concerning the housing crisis and how CPA's can address the real estate & mortgage issues of their clients.
  • Financial Planning Association Of Michigan
    Board Of Directors
    Financial Planning Association Of Michigan Feb 2008 - Oct 2011
    The FPA provides continuing education credits, best practice ideas and promotes the sharing of financial strategies for financial planning practitioners throughout the state of Michigan.As a board member, I assisted with starting Networking Mixers, developed Social Media Strategies, helped create Case Study training programs, Mentor programs and promoted increasing membership.Elected to Board at the end of 2009. Previously served on the Membership Committee.
  • Renegade Detroit Investors
    Board Of Directors
    Renegade Detroit Investors Nov 2007 - Apr 2011
    A group of real estate investors focused on networking and assisting each other. Monthly meetings feature local experts that aren't allowed to sell books or courses - they only get to share their experience.I was a founding member and assisted with finding speakers for monthly meetings and led the networking activities during meetings.
  • Michigan Mortgage Brokers Association
    Board Of Directors
    Michigan Mortgage Brokers Association Oct 2007 - Nov 2010
    The MMBA provides training and industry awareness for Michigan mortgage brokers. I assist with developing curriculum for training programs that meet the requirements of the National Mortgage Licensing System and contribute social media expertise.Added to Board in 2009. Previously served on the Education Committee.
  • Local Business Network Usa
    Chapter President
    Local Business Network Usa Mar 2006 - Dec 2009
    Royal Oak, Mi
    Voted chapter President after 8 months and with the assistance of management team, we built up the chapter to qualify for Super Chapter status within 3 months. Named Outstanding Chapter President of the year for 2008 out of 46 chapters.
  • Allied Home Mortgage
    Team Leader
    Allied Home Mortgage Apr 2008 - Oct 2009
    Led a small team that originated residential & commercial real estate loans. Started a monthly luncheon for high producing real estate agents, overhauled the setup of office Calyx system for improved tracking and reporting.
  • The Lending Edge Mortgage Corporation
    President
    The Lending Edge Mortgage Corporation Jan 2003 - Apr 2008
    Founded company focused on providing unique mortgage services for clients and business partners. A mortgage was approached as part of a client's overall financial strategy, requiring interaction with Financial Planners, CPA's and Estate Planners. Annual Mortgage Reviews were developed and implemented. Proprietary communication and status systems were developed.
  • Meadowbrook Mortgage Corporation
    Team Leader
    Meadowbrook Mortgage Corporation Apr 2001 - Jan 2003
    Started a team that originated residential and commercial real estate loans. Implemented AUS systems for the company and reconfigured Genesis LOS system for TILA compliance, tracking and reporting. Handled company's move to Encompass LOS, developed processing procedures, led weekly sales meetings, handled training and marketing efforts.
  • Dmr Mortgage
    Branch Manager
    Dmr Mortgage Apr 1998 - Apr 2001
    Took over worst branch out of 18 in the organization. Within 6 months got it to number 5. Achieved President's Club every year. Also selected to start a corporate-wide marketing program to increase sales.
  • Nationwide Mortgage Corporation
    Vice President
    Nationwide Mortgage Corporation Feb 1993 - Apr 1998
    Started as inside sales rep. Moved to outside sales within 3 months and was top producer within 3 years. Helped owner develop a cutting-edge software system for the building industry. Promoted to VP when investors in software company required owner to move to California. Developed tracking & reporting systems for mortgage company.

Drew Sygit Skills

Real Estate Loans Investment Properties Due Diligence Credit Banking Investors Real Estate Transactions Foreclosures Property Management Reo Asset Management Financial Analysis Short Sales Project Management Loss Mitigation Asset Shared Loss Management Mortgage Residential Purchase Real Estate Investment

Drew Sygit Education Details

Frequently Asked Questions about Drew Sygit

What company does Drew Sygit work for?

Drew Sygit works for Real Estate Investment Association Of Oakland County

What is Drew Sygit's role at the current company?

Drew Sygit's current role is Why aren't you diversifying into rental properties?.

What is Drew Sygit's email address?

Drew Sygit's email address is ds****@****ail.com

What is Drew Sygit's direct phone number?

Drew Sygit's direct phone number is +124867*****

What schools did Drew Sygit attend?

Drew Sygit attended Wayne State University, Wayne State University.

What are some of Drew Sygit's interests?

Drew Sygit has interest in Networking, Management Development, Financial Strategies, Snowboarding, Social Media, Traveling, Basketball, Reading, Property Investing And Training, History.

What skills is Drew Sygit known for?

Drew Sygit has skills like Real Estate, Loans, Investment Properties, Due Diligence, Credit, Banking, Investors, Real Estate Transactions, Foreclosures, Property Management, Reo, Asset Management.

Who are Drew Sygit's colleagues?

Drew Sygit's colleagues are Preeti Negi, Nikita Shukla, Gunin Sharma, Tamra Farmer, Deb Roberge, Brandon Barnett, Shahrokh Pooyan.

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