Tim Armstrong Email & Phone Number

Senior leader in Mortgage & Specialty Credit Segment focused on credit risk transfer solutions for GSEs, global mortgage insurers, banks and specialty finance companies.

Princeton Nj

Princeton, Nj

SVP Finance – Walter Capital Opportunity Corp. & Greentree Investment ManagementFinance executive of a start up Real Estate Investment Trust (REIT) specializing in investments in mortgage servicing rights, mortgage related assets and related derivatives and of its manager, a registered investment advisor.SVP Finance & Controller, Ditech Mortgage & Reverse Mortgage Solutions (both subsidiaries of Walter Investment Management) Business unit CFO and controller responsibilities for two of the three major operating segments of an integrated public mortgage company, Ditech Mortgage, an originator of agency mortgages and Reverse Mortgage Solutions a GNMA originator and servicer.

West Palm Beach, Florida

Directed operations for a $120+ billion mortgage servicing portfolio (residential and commercial) during a period where the business doubled in 18 months. Areas of responsibility included investor reporting, mortgage insurance, loan modifications, loan administration, loan acquisitions, investor and GSE relations, cash management and specialty servicing. Key accomplishments include the following:▬ Responsible for the integration of two major acquisitions, one structured as a stock purchase and one as an asset purchase. This included everything from due diligence and contract negotiation to staffing and systems integration.▬ Successfully implemented various consent order and similar regulatory directives, as required for different clients, across all areas of responsibility. Also responsible for 75% of the company’s key controls.▬ Led monthly production of 1,700+ remittance reports and corresponding management of cash collections, investments and distributions. Redesigned GSE reporting process significantly reducing fines and penalties and improving efficiencies.▬ Developed an investor outreach and disclosure transparency program designed to increase transparency into Ocwen’s servicing practices and to create a valuation advantage for bonds backed by collateral serviced by Ocwen.▬ Reduced cost of operations by 15% in the first year by introducing activity based staffing models.

Mclean, Virginia

Positions Held:Vice President, CFO, Investments and Capital Markets Vice President, Controller, Investments and Capital Markets, Multifamily and Corporate Vice President, Accounting Risk & Control Vice President Corporate Accounting Policy Responsible for all finance activities related to the Investments and Capital Markets Division, a $700 billion debt funded mortgage and mortgage backed securities investment portfolio including two mortgage REITs. Primary functions include financial planning and analysis, management and financial reporting, liquidity and risk oversight, budgeting and forecasting, valuation, controls management, business support and accounting. Key accomplishments include the following:▬ Implemented fair value measurement and disclosure standards for mortgage backed securities and derivatives. Skilled in valuation of residential and commercial mortgages and mortgage backed securities including responsibility for a $1 trillion notional derivatives portfolio and $150 billion of illiquid subprime and commercial mortgage backed securities.▬ Performed all financial reporting and periodic close activity for the division. Responsible for all disclosures and financial statement items related to the division appearing in public filings.▬ Responsible for daily cash flow forecasts used to manage liquidity position and the treasury function. Also responsible for oversight of the treasury function and determining transfer pricing related to funding costs.▬ Led a team that completed two major system replacements which transformed business processes and reduced operating expenses for the department by more than 25%.▬ Developed of a comprehensive security credit impairment process for non-agency mortgage backed securities using proprietary loan level default modeling.

New York, New York

▬ Provided technical accounting advice on a wide range of topics /and transactions to business units within the Firm and to Customers. Topics were asset management accounting, derivatives accounting, mortgage backed securities, securitization structures, broker/dealer accounting, capital and tax advantaged transactions, synthetic leases and stock compensation.▬ Provided accounting support and innovative solutions for arbitrage business, particularly the tax credit and energy trading.▬ Assisted in the development of efficient structures for many of the Firm’s investments including majority owned and equity method investments as well as investments held through merchant banking funds.

New York, New York

▬ Advised various businesses on structuring transactions to achieve desired accounting results including off balance sheet treatment for asset transfers, hedge accounting for derivatives and efficient tax structures for asset management vehicles.▬ Devised and implemented hedging strategy for foreign currency translation risk related to US dollar assets and liabilities held by non US Goldman entities. Significant involvement in complex issues related to the Firm’s initial public offering.

New York, New York

▬ Interpreted new accounting rules, both US GAAP and European standards and assessed their business impacts.▬ Supported capital management function by monitoring and forecasting subsidiary capital needs, modeling capital impacts of contemplated transactions and financing alternatives.

New York, New York

▬ Provided auditing, consulting and accounting services to a financial services client base.

Mba, Finance

Bachelor Of Science, Accounting