8/3/2019 Underwriting/Due Diligence Manager - Residential Real Estate Len

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STEPHEN A. MAY760.757.5075760.274.5016smay953@cox.net

Industry Preference: REAL ESTATE LENDING | CREDIT ADMINISTRATIONDUE DILIGENCE | SECONDARY MARKETING

PROFILE

Accomplished, analytical, and solutions-focused professional, offering over 25 years of extensive experience managing all facets of mortgage lending from processing, underwriting, QA/QC, appraisal review, sales, secondary marketing, due diligence, doc preparation, and funding departments. Accustomed to addressing client needs and implementing cost effective solutions to provide high quality of service and high customer satisfaction. Proactive, energetic, and success-driven individual with strong commitment to excellence; known for solid organizational and leadership adeptness. Equipped with excellent people skills and proven abilityto communicate well with all levels of professionals.

- Demonstrated expertise and direct involvement in all phases of residential and consumer lending operations- Expert in creating and maintaining databases, writing formulas, and generating reports- Proficient in utilizing Microsoft Excel and other Office products

CORE COMPETENCIES

- Loan Structuring- Time Management and Prioritization- Risk Management

- Mortgage Banking- Residential and Commercial Real Estate- Business Management and Operations- Budget Administration- Product Development

PROFESSIONAL EXPERIENCE

CARRINGTON CAPITAL MANAGEMENT ~ GREENWICH, CTVICE PRESIDENT, DUE DILIGENCE JUL 2010–JAN 2011

- Functioned effectively as the key member of residential mortgage loan acquisition, resolution, and disposition team; effectively participated and oversaw loan-level due diligence- Researched property data to provide opening bids on upcoming foreclosures; reviewed all collection and foreclosure notes to efficiently identify the status of each file- Instructed servicing agents, foreclosure specialists, and bankruptcy specialists regarding next activity to expedite liquidation of the asset- Collaborated and met with department managers to discuss the processes needed to help increase asset liquidation; researched and drafted repurchase requ

8/3/2019 Underwriting/Due Diligence Manager - Residential Real Estate Len

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ests as necessary- Significantly increased rate of asset liquidation and profitability, andimproved stratification of asset positions to guarantee more accurate reporting, tracking, and projections

MIR MITCHELL & COMPANY ~ IRVING, TXASSET MANAGER CONTRACTOR for the FDIC as Receiver for 1st Centennial Bank and Integrity Bank SEP 2008–FEB 2010

- Settled bank’s assets that were recently placed into receivership by the FDIC by contacting the borrowers and guarantors; worked out settlement plans when full repayment was not possible.- Wrote cases of workout plans, such as modifications, compromises, short-sales, foreclosure, and others for FDIC approval- Created and maintained a database used¬¬ for tracking all orders of appraisaland environmental reviews, title searches, credit reports, FDIC cases, etc, on the entire portfolio of loans, which is viewable in real-time by anyone on the network; converted data into reports- Developed spreadsheets to automate the reconciliation of the bank’s loan data to the FDIC’s weekly report as well as with the FDIC’s Net Present Value calculat- Executed organization of data sharing and maintenance between MMC and the bank’s databases

FREMONT INVESTMENT & LOAN ~ ANAHEIM HILLS, CA

VICE PRESIDENT, DUE DILIGENCE NOV 2006–JAN 2008- Organized whole loan sales and securitizations with investors, capital markets, and appraisal and collateral departments- Administered transaction managers along with the Secondary Appraisal Department in conducting their daily process flows, which included responding to investor’s credit, compliance, and value questions; retrieving of documents, valuing validation, and updating databases; interacting with due diligence contractors and investors; and tying-out with investors and other departments- Prepared end-of-sale reports for presentation to the executive committee, detailing the results of loan sales along with recommendations for the improvement of the operations’ process and underwriting guidelines- Chaired monthly meetings with all operations managers and worked as a vo

ting member of Credit Committee

PEOPLES’ CHOICE HOME LOANS ~ IRVINE, CASENIOR VICE PRESIDENT, PORTFOLIO MANAGEMENT MAR 2004–NOV 2006

- Extensively orchestrated whole loan sales and securitizations with investors, capital markets, and appraisal and collateral departments- Managed transaction managers in conducting their daily process flows, which included responding to investor’s credit, compliance, and value questions; retrieving of documents, valuing validation, and updating databases; interacting withdue diligence contractors and investors; and tying-out with investors and otherdepartments- Administered staff tasked to process repurchase and make-whole claims in

their efforts to ensure validation of claims, preparation of rebuttals, creation and tracking of wires and completion of the board- Executed extensive preparation of performance analysis of the company’s products that utilized servicing, loan sale, and QC/QA data to efficiently identifyoutperforming areas to be exploited, and under-performing areas to be reduced- Assessed operating centers and employees to ensure identification of areas and individuals that exhibited exemplary performance and those that needed additional training; worked as a voting member of Credit Committee

THE CLAYTON GROUP ~ SHELTON, CT

8/3/2019 Underwriting/Due Diligence Manager - Residential Real Estate Len

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PROJECT LEAD OCT 2001–MAR 2004

- Demonstrated expertise in managing teams of due diligence underwriters that reviewed mortgages being offered for sale into the secondary market- Held responsible for the quality of due diligence reviews of more than 45 contract underwriters as well as ensured preciseness of all gathered data- Presented reports and data to clients to facilitate their decision-making- Communicated findings to clients and corporate office, as well as established and maintained professional relationship with the client and the seller

WELLS FARGO MORTGAGE RESOURCES ~ CARLSBAD, CAVICE PRESIDENT, NATIONAL UNDERWRITING MANAGER JAN 2000–OCT 2001

- Assumed full responsibility in ensuring the quality of production from the underwriting departments nationwide- Functioned effectively as the manager of the Training and Post Closing departments- Served as key point person for operations in effectively managing the relationship with credit risk and quality control management services; worked as avoting member of Credit Committee- Ensured maintenance of the databases of prior audit findings from whichanalytics were conducted and used for educational and training purposes as wellas promotion recommendations

EARLIER CAREER

Chief Credit Officer | Operations Manager ~ Pacific Thrift & Loan, Irvine, CA ~Aug 1997–Nov 1999Senior Associate ~ Donaldson, Lufkin & Jenrette, Irvine, CA ~ 1993–1997Regional Underwriting Manager ~ Ford Consumer Finance, Irvine, CA ~ 1987–1993Branch Manager ~ Several Consumer Finance Companies throughout CA ~ 1981 - 1987

EDUCATION

General Business Courses ~ Valley College, Van Nuys, CA ~ 1976

PROFESSIONAL TRAINING

Attended various management and hiring seminars, including secondary services sales courses such as insurance products