Kevin Murphy

**** ******* ***** *****

Keller, TX 76248

817-***-**** / acskyj@r.postjobfree.com

Summary:

Mortgage professional with proven expertise in transaction management, credit analysis, underwriting and due diligence on all residential mortgage product types and secondary market transactions. Extensive knowledge and experience with repurchase claims process and curative procedures for side letter and collateral documents.

Professional Experience:

Independent Contractor – 3/2014 - Present

Transaction Management - Perform due diligence review of origination files and seller underwriting guidelines in relation to securitization, litigation, MSR’s, Performing and Non-Performing Loan Purchases, and perform collateral review of all documentation to determine current ownership status of the asset.

Work product used to assist expert witnesses in drafting reports as well as preparation for testimony.

Firms contracted with include the following: Roosevelt / Rushmore Loan Management Servicers, Treliant Risk Advisors, LLC, and Wingspan Portfolio Advisers.

Morgan Stanley – 7/2003 – 3/2014

Accenture / Morgan Stanley – 2/2012 – 3/2014

Cure / Repurchase Manager

Facilitated the review of loans presented for repurchase (for and against Morgan Stanley).

Successfully cured 100% of all Side Letter Defects (e.g. compliance; collateral; tax delinquency; lien releases and title defects).

Facilitated the transfer of collateral files from four Custodians’ to one Central Custodian.

Collaborated with the due diligence team on loan trades, training (Jumbo Mortgages / complex income analysis), negotiated settlements and facilitated lien releases.

Provided testimony to regulatory agencies regarding my prior work for Morgan Stanley.

Morgan Stanley / Saxon Mortgage Services – 7/2003 – 2/2012

Assistant Vice President - Cure / Repurchase Manager – 6/2007 – 2/2012

Supervised the Cure and Repurchase team.

Analyzed loans referred for repurchase due to a breach of representations and warranties per the MLPA’s both for and against Morgan Stanley.

Calculated the repurchase price based on contractual terms.

Restructured the Side Letter Report process in the technology platforms.

Negotiated monetary claims for and against Morgan Stanley.

Responsible for the weekly reports and conference call with the Trade Desk.

Reorganized the Cure Platform to provide highly integrated reporting structures.

Improved overall integration and reporting process for technology systems.

Recommended modifications to the existing Policy and Procedures and assisted in the re-write.

Field Due Diligence / Transaction Manager – 7/2003 – 6/2007

Supervised on-site due diligence teams of up to 90 contractors for monthly loan sale purchases of up to $2 Billion. Trades included newly originated Sub-Prime, Jumbo, Alt-A, Prime and Scratch and Dent (S&D) portfolios.

Coordinated the credit and compliance diligence process including: vendor staffing, trade calendar, review of guidelines and matrices, and elevated risk issues (underwriting, compliance, valuation; and market issues, etc

Finalized loan level recommendations for the purchase or decline with the seller and the internal business groups to minimize our potential exposure to loan default and losses.

Prepared final diligence reports and schedules for senior management.

C-BASS – 10/1999 – 7/2003

Sr. Due Diligence Underwriter

Supervised on-site due diligence review of residential loans for purchase. Trades included performing: non-performing, re-performing, REO’s and S&D portfolios.

Responsible for the training of all junior staff. Review consisted of underwriting of loan files for credit, appraisal, compliance, deal memo’s and collateral documents.

EMC Mortgage Corporation – 8/1997 – 10/1999

Sr. Underwriter – Due Diligence

Supervised on-site due diligence of residential loans for purchase.

Loan types include: FNMA/FHLMC, VA/FHA, conforming and jumbo loans. The process involved: underwriting (credit, compliance, Section 32 and valuation), appraisal review, cash flow analysis, and review servicing comments for all stages of delinquency.

Chase Manhattan Mortgage Corporation (PFS) – 5/1992 – 8/1997

Assistant Vice President – Personal Financial Services - Jumbo Mortgage Division

Managed a team of Underwriters and Loan Processors,

Responsible for the Monthly Credit Committee and approval of loans.

Successfully implemented the file organization and suspension system and restructured the work flow process of refinances to purchases.

Education

Rowan University - B.A. – Finance

Contact this candidate