Terri Baron Email & Phone Number

Los Angeles, Ca, Us

Los Angeles, California, Us

Los Angeles, California, Us

Los Angeles, California, Us

I manage a team of SAG/MAG PM's involved in both Special Assets and Managed Assets Loans.

San Francisco, Ca, Us

Concurrently served as Vice President/Senior Workout Specialist, and OREO Officer in the Special Assets Division managing a non-performing or sub-performing portfolio of mostly commercial real estate secured loans in various states of workout and resolution. Negotiated and underwrote proposed modifications for workout scenarios and prepared credit approval memoranda for submission to management for approval. This included preparation of required cash flow analysis, review of Borrower financials, review of appraisals and other valuation information, and directed loan servicing and legal to document workout approvals. Reviewed files for possible fraud and misrepresentations and referral to legal and directed commencement of both judicial and/or non-judicial foreclosure if workout negotiations failed. This included engaging counsel to secure a court appointed receiver, when necessary, to protect the real property collateral for the loan as well as preserving the cash flow being generated by income producing properties. • Portfolio of loans were secured with all different types of underlying real estate collateral including commercial, single family, industrial, vacant land developments, partially developed residential development projects and mixed-use property types. • Oversaw all aspects of OREO management including engaging and managing OREO, including budget preparation, choosing the appropriate listing broker, negotiating the sale of the property via brokers, obtaining management approval for sale, and managing sales through escrow closing. Reduced the OREO Portfolio by 90% to one OREO remaining during my tenure. I manage a portfolio of complex non performing loans mostly secured by commercial real estate loans for the Bank including the negotiation of workouts and foreclosures of these loans.Contract Senior Workout Specialist for Santa Barbara Bank & Trust prior to Union Bank's Acquisition.March 2009 - March 2010

Us

Negotiated and underwrote proposed modifications for workout scenarios and prepared credit approval memoranda for submission to management for approval. This included preparation of required cash flow analysis, review of Borrower financials, review of appraisals and other valuation information, and directed loan servicing and legal to document workout approvals. Reviewed files for possible fraud and misrepresentations and referral to legal and directed commencement of both judicial and/or non-judicial foreclosure if workout negotiations failed. This included engaging counsel to secure a court appointed receiver, when necessary, to protect the real property collateral for the loan as well as preserving the cash flow being generated by income producing properties. Prepared risk rating and risk grading analyses on a periodic basis including recommendations for specific reserves and recommended partial and full charge-offs. Portfolio of loans were secured with all different types of underlying real estate collateral including commercial, single family, industrial, vacant land developments, partially developed residential development projects and mixed-use property types.

Identified, analyzed and negotiated the purchases of 1031 Deferred Exchange Commercial Income Properties in excess of $8,000,000 Outside of California for Client Buyers with Cooperating Brokers. • Brokered Commercial Real Estate loan originations for my clients through third party lenders.

Managed 5 Loan Originators, established policies and procedures for company and new loans, and trained new loan officers in pricing. • Originated single family and income property loans per exclusive contract with Universal City Studios Credit Union Members as well as for third party borrowers. • The company originated approximately $10-150 Million a month. • Negotiated wholesale & warehouse programs with investor companies and provided post closing conditions to investors who purchased loans.

Managed a bank owned commercial, multi-family and single-family loan portfolio that ranged from $50- $100 million. Analyzed borrower financials, property operating statements and property valuations to determine recommendations for loan modifications, underwrote proposed assumptions on non-performing loans, and reviewed and recommended approval of release of additional collateral. • Established contacts, engaged and supervised receivers, trustee, escrow and title companies along with overseeing and authorizing commencement of foreclosure on loans secured by real property in 30 states. • Analyzed portfolio performance, prepared and presented monthly watchlist reports, non-accrual loan reconciliation reports, classification recommendations, reserve recommendations and chargeoff recommendation reports to senior management. • Reviewed Loan Purchase and Sale Agreements on Loans sold to Third Party Buyers in connection with requests for repurchase of loans due to breaches of representations and warranties. • Negotiated the sale of bank owned REO, on behalf of the bank, to maximize the return to the bank.