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Click here or scroll down to respond to this candidateCandidate's Name
PHONE NUMBER AVAILABLE EMAIL AVAILABLEGreater Nashville, TennesseeCommercial Loan Portfolio Management: Special Assets Workout Officer Liquidation Officer Asset Management Highly skilled Commercial Loan Portfolio Management Executive, focused on Special Assets, with over 10 years of experience managing multi-million-dollar portfolios secured by pledged collateral to include real and business personal property. Directly responsible for collections, loss mitigation, formal workouts, charge- offs and loan recoveries for assigned loans while managing all collateral in a timely and cost-effective manner. Known for making loan-level decisions in a commercially prudent and feasible manner while orchestrating all aspects of strategic planning, development and execution of goal-oriented processes. Possesses the ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established time frames. COMPETENCIESBankruptcy Code Knowledge: Chapters 7, 11 (including subchapter 5), & 13 Borrower Relationship Management Collateral Liquidation Collection Strategies Commercial Loan Workout Deferments Financial Analysis Forbearance Foreclosures (judicial, non-judicial, deed-in-lieu of foreclosure, business personal property) Internal Reporting Loan Collection Loan Documentation & Collateral Review Loan Modifications Loss Mitigation Negotiations Outside Counsel Management Risk Mitigation SBA Loan Servicing, Liquidation, Compliance & Reporting Vendor Management Legal Proceeding Process KEY PROFESSIONAL SKILLS Adheres to the policies and procedures established by company; manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems. Reviews and maintains workout policies, procedures and regulatory compliance and controls; including development and implementation of recovery strategies for problem loans though negotiated modifications, forbearances, managed litigation and collateral liquidation. Ensures that appropriate workout policies, procedures, processes, and standards are incorporated into daily assignments and workflow processes and is responsible for maintaining high levels of awareness as related to the company's Risk Management policy. Completes workout/collections/risk management portfolio reviews, participates in committee meetings, and makes recommendations for approvals. Analyzes borrower's financial position to recommend appropriate course of action such as loan modifications, deferments, settlement or collateral liquidation. Reviews and comprehends SBA loan documentation, legal documentation, real property appraisals, equipment appraisals and environmental reports.PROFESSIONAL EXPERIENCEFIRST HORIZON BANK Mt. Juliet, TN 2023SBA Portfolio Manager Monitored, analyzed, and reported on loans in the SBA lending group loan portfolio with direct client contact along with all areas of the bank. Loan restructuring for workouts, modifications, and taking required steps for liquidation if required Review loans post-closing.Page 2NEWTEK SMALL BUSINESS FINANCE, LLC Mt. Juliet, TN 2010 - 2022 Asset ManagementManaged the risk mitigation of delinquent US SBA guaranteed loans, including collections, loss mitigation, formal workouts, charge-offs and loan recoveries for loan portfolio comprised of$61,000,000.00 in unpaid principal balance. Additional recoveries include accrued interest, fees and costs related to late fees, foreclosure, bankruptcy, liquidation, collateral assessment, real and personal property taxes and insurance, collateral preservation and protection. Managed collateral preservation efforts and monitored tax and insurance status of loan collateral. Assisted and consulted with collection and servicing personnel as necessary. Reviewed loan documentation and collateral of newly assigned loans. Analyzed financial position of borrowers for determination and recommendation of appropriate course of action such as loan modification, deferment, settlement, or collateral liquidation. Designed and implemented appropriate collection strategies to limit losses. Prepared internal and SBA reports. Engaged, directed and managed outside vendors and professionals, e.g., attorneys, appraisers, environmental firms, auctioneers, site inspections and property management services firms. Referred, engaged and worked with outside counsel to initiate legal action, as necessary, and assisted in all phases of legal proceedings, e.g., foreclosure, replevin actions, and bankruptcy. UINESS LENDERS, LLC Mt. Juliet, TN 2007 - 2010BUSINESS LENDERS, LLC Mt. Juliet, TN 2006 - 2007 Senior Workout OfficerManaged resolution of non-performing conventional and SBA loans through workout, liquidation and REO activities. Provided internal monthly and quarterly reports to senior management. Prepared monthly loan loss reserve and charge-off recommendations. Mentored and developed workout department staff personnel. Assisted with development of company workout and liquidation policies and procedures. Served as member of corporate credit committee.Portfolio Management Consulting Mt. Juliet, TN 2006 -2007 Provided portfolio management consulting services, as outlined below, to Business Loan Express. BUSINESS LOAN EXPRESS, LLC 2002 - 2006Liquidation OfficerManaged a portfolio of problem/non-performing conventional and SBA-guaranteed commercial loans; analyzed and evaluated loans to assess underlying problems. Identified, negotiated and resolved problems through workouts or liquidation. Negotiated, prepared and monitored note modifications, deferments, forbearance agreements, assumptions and note sales. Conducted analyses of clients financial statements. Managed actions of outside counsel to oversee foreclosure, bankruptcy and state court actions. Engaged and contracted with outside vendors to perform various duties on companys behalf, including attorneys, appraisers, environmental engineers, auctioneers, site inspection and property management services firms, real estate brokers and title companies. Performed desk review of all loan collateral and prepared recommendations to senior management related to exposure for loss. Prepared foreclosure bidding instructions. Negotiated loan guarantee compromises presented by loan obligors. Monitored loan tax and insurance status and managed collateral preservation efforts. Ensured compliance with corporate and SBA policies and procedures. Prepared specific reports to senior management and other departments. Conducted site visits Page 3TRANSAMERICA SMALL BUSINESS CAPITAL, INC. Greenville, SC 2000 - 2002 Liquidation AssistantProvided administrative support for senior management and liquidation officers; prepared claims for filing with U.S. Small Business Administration requesting purchase of guaranteed portion of loan from secondary market. Prepared and submitted guaranty repurchase packages to SBA. Provided status reports and accountings of liquidation recoveries to SBA and senior management. Conducted collection calls; received and handled customer inquiries. Promoted to Liquidation Assistant within 1 year with company. BRANCH BANKING & TRUST COMPANY Greenville, SC 1995 - 2000 Foreclosure Specialist / Investor-Real Estate Owned Claims Adjuster Conducted loss mitigation review of loans transferred to foreclosure. Negotiated repayment plans and forbearance agreements with clients. Complied with investor and insurer foreclosure requirements. Engaged real estate appraisers. Engaged and managed counsel in foreclosure actions. Prepared foreclosure bids; prepared and filed FHA, VA, mortgage insurance claims. Complied with investor, PMI companies, FHA/HUD and VA foreclosure claim-for-loss requirements. Property Inspections Administrator Coordinated and managed residential site inspections and collateral preservation activities for Collections, Foreclosure and Bankruptcy Departments. Ensured adherence to all governmental and private agency collateral preservation guidelines. Managed contractual arrangements with inspection and maintenance firms. Promoted to Foreclosure Specialist after 11 months with company. EDUCATIONFURMAN UNIVERSITY Greenville, SCBA Bachelor of Liberal Arts, Accounting,UNIVERSITY OF GEORGIA Athens, GABA Bachelor of Arts, Journalism and AdvertisingPROFESSIONAL AFFILIATIONSMember National Association of Government Guaranteed Lenders SOFTWARE PROFICIENCIESMicrosoft Office (Excel, Word, and PowerPoint) PCSF 2000 Loan Manager |
