Vice President Real Estate

Bruce Hurwitz

Senior Vice President and Chief Compliance Officer at Digital Risk, LLC

*********@*******.***

Summary

SENIOR LEGAL COUNSEL WITH EXECUTIVE MANAGEMENT EXPERIENCE

* Manager of legal and compliance divisions.

SIGNIFICANT EXPERIENCE IN MORTGAGE LENDING AND SERVICING, CAPITAL MARKETS,

SECURITIES AND GENERAL CORPORATE CONTRACTS.

* Drafted and implemented policies and procedures for mortgage industry leaders.

* Sold or Securitized Various Assets - Residential Mortgage, Commercial/SBA, Auto, Student Loan.

* '33 and '34 Act in-house counsel.

WALL STREET ATTORNEY AND CHIEF IN-HOUSE LEGAL ADVISOR FOR FINANCIAL SERVICES

AND MORTGAGE INDUSTRY LEADERS.

* Legal representation of clients included all major investment banks, originators/servicers and GSEs.

* Chief In-House legal counsel for The Money Store/First Union/Wachovia and Senior Legal Counsel at

Fremont Investment & Loan.

PUBLIC COMPANY COUNSEL.

* Public and private equity and debt issuance counsel. '33 Act and '34 Act counsel.

LEGAL RISK MANAGER DURING SIGNIFICANT CORPORATE RESTRUCTURINGS.

* Public company merger counsel as well as in-house counsel during bankruptcy filing.

Specialties

Mortgage Lending - residential, home equity, construction

Commercial Lending - SBA 504 and 7(A)

Capital Markets and Securitizations

Compliance - Policies and Procedures

Treasury and Finance Counsel

Securities - '33 Act and '34 Act

Commercial contracts - Novations

Litigation Management

Experience

Senior Vice President and Chief Compliance Officer at Digital Risk, LLC

March 2012 - Present (1 year 4 months)

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Chief Compliance Officer to leading compliance and risk management solutions provider to the residential

mortgage industry. Designed and developed SAAT - Servicer Assessment, Audit and Testing - based upon

"Legal Requirements" definition in Consent Order. SAAT is an automated +7,000 touch point decision tree

assessment tool on Federal, State, private (Fannie/Freddie, MERS), and foreclosure regulations relating to

servicing residential mortgage loans.

1 recommendation available upon request

First Vice President - Mortgage, Banking & Capital Markets Counsel at OneWest Bank

April 2011 - November 2011 (8 months)

Initially hired as a consultant for OWB, brought on as an attorney for the mortgage, banking and capital

markets divisions of OneWest Bank, providing counsel on a variety of regulatory and contractual issues.

Transactional counsel working on correspondent lending relations. Legal advisor on various issues relating to

mortgage modifications. Legal counsel on various responses to investors, counter-parties and borrowers with

regard to informational requests.

Principal at Securitized Asset Surveillance & Analysis

April 2009 - July 2011 (2 years 4 months)

SASA provides complete analysis of regulatory and contractual obligations of securitized assets. Originator,

depositor, trustee and servicing requirements "Mapped and Tracked." Advancing and repurchase

requirements analyzed. Default/delinquency trigger events confirmed. Reg AB (static pool) compliance

confirmed. Securities Act disclosure analysis. Tactical litigation counseling. NIM bond and subordinate bond

ownership analysis. Overcollateralization and first loss piece ownership analyzed.

General Counsel at BSL Capital Inc

October 2009 - April 2010 (7 months)

Private investment company of an ultra-high-net-worth family.

As sole in-house counsel, provided legal support to investment professionals on transactional opportunities

created by entities in distress.

Led $300+ million transaction involving bankrupt organization, resolving legal issues, negotiating terms, and

diffusing conflicts between adversarial parties.

Senior Vice President & Deputy General Counsel at Fremont General Corporation/Fremont

Investment & Loan

June 2005 - April 2009 (3 years 11 months)

Multibillion-dollar public holding company and bank subsidiary

Deputy general counsel for public parent company and operating bank subsidiary, overseeing in-house and

outside counsel. Lending and servicing compliance counsel, drafting and implementing policies and

procedures. Directing all securities, capital markets, finance and treasury division legal issues. Advising

executive management and developing legal positions. Built litigation management system.

Designed and deployed successful compliance program; created compliance training system (processes and

procedures) and supervised ongoing reporting.

Legal liason with lending and servicing compliance group on policies and procedures.

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Member of SOX and SEC filing committees and legal counsel to investor reporting division.

Oversaw capital markets transactions averaging $4 billion/month

9 recommendations available upon request

Of Counsel at McDounough Holland & Allen

August 2003 - June 2005 (1 year 11 months)

Highly respected regional law firm.

Built securities practice, working closely with associate attorneys and staff to meet client needs. Counseled

clients on Sarbanes-Oxley compliance programs and played key role in managing regulatory examinations,

annual compliance reviews, and internal audits.

Created regulatory licensing and compliance program that protected mortgage lending operation for regional

bank; venture forecasted to generate $50 million in year one.

Negotiated all aspects of $40 million Trust Preferred Certificate financing agreement for large regional

builder, closing deal with exceptionally favorable terms for client.

1 recommendation available upon request

Senior Vice President and Managing Attorney at First Union/Wachovia

June 1999 - June 2003 (4 years 1 month)

Chief legal counsel for divisional organization (The Money Store) following acquisition by First

Union/Wachovia. Managed legal department of 17 attorneys and 18 staff with budgetary responsibility.

* Department coverage of all legal aspects of organization (including origination, compliance, capital

markets, procurement, trademarks/patents and human resourses).

* Multiple business lines included mortgage lending, commercial lending, auto lending and student lending.

* Member of senior management with reporting lines to both CEO of division and General Counsel of parent

organization (Wachovia).

1 recommendation available upon request

Senior Vice President and Managing Attorney at The Money Store

September 1997 - June 1999 (1 year 10 months)

Chief legal counsel for divisional organization (The Money Store) both before and following acquisition by

First Union/Wachovia. Initially hired to provide legal coverage for finance/treasury with reporting to CFO.

Promoted to Managing Attorney following acquisition with reporting to General Counsel of First

Union/Wachovia. Managed legal department of 17 attorneys and 18 staff with budgetary responsibility.

Responsible for RIF of legal department following acquisition and shuttering/transfer of operations.

* Department coverage of all legal aspects of organization (including origination, compliance, capital

markets, procurement, trademarks/patents and human resourses).

* Multiple business lines included mortgage lending, commercial lending, auto lending and student lending.

* Member of senior management with reporting lines to both CEO of division and General Counsel of parent

organization (Wachovia).

4 recommendations available upon request

Senior Associate at Brown & Wood (now Sidley Austin)

March 1994 - August 1997 (3 years 6 months)

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* Senior associate in national law firm

* Capital markets and securitization structuring for major Wall Street conduit operators

* Representation of major mortgage originators

* In consideration for partnership at time of moving to another position

1 recommendation available upon request

Associate at Thacher Proffitt & Wood LLP

1992 - 1994 (2 years)

* Mid-level/senior associate for major Wall Street securitization law firm.

* Senior associate attorney on conduit programs for RFC (GMAC), Greenwich Capital, Lehman Bros.

* Client representation of First Marblehead (student lending conduit) and founder.

Associate Attorney at Cahill Gordon & Reindel

1989 - 1992 (3 years)

Mid-level associate attorney representing investment banks and corporate enterprises in securities offerings

(public and private). Representation of Drexel Burham in junk bond offerings. '40 Act and Unit Investment

Trust transactional work.

Associate Attorney at Botein Hays & Sklar

1987 - 1989 (2 years)

Junior Associate in the securities practice group. Drafted S-1 and S-3 registration statements. Prepared Rule

144 private placement memos. Conducted due diligence reviews for public companies.

Certifications

New York Bar

New York Bar Association

California Bar

California Bar Association

Skills & Expertise

Mortgage Industry

Mortgage Banking

Residential Mortgages

Mortgage Lending

Mortgage Servicing

Compliance

Legal Compliance

Compliance Audits

Securitization

Student Lending

Commercial Lending

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Securities

Contract Negotiation

Litigation Management

LawPack

Serengeti

Student Loans

Quality Auditing

Due Diligence

Risk Management

Asset Management

Litigation

Insurance

Corporate Law

Private Equity

Credit

Mergers & Acquisitions

Education

Benjamin N. Cardozo School of Law, Yeshiva University

J.D., Law, 1984 - 1987

Activities and Societies: Belkin Scholar (Merit based)

Executive Editor - Arts & Enteratainment Law Journal

Brandeis University

B.A., Economics, 1980 - 1984

Activities and Societies: Varsity Lacrosse

Investment Group

Honors and Awards

Speaker - Sarbanes Oxley

Speaker - Regulation AB

Speaker - Graham Leach Bliley

Interests

For fun, I run a little side business (actually a hobby) doing personal chef services called Rubbed, Jerked and

Smoked. It is a Bar-B-Que thing with a twist - healthy (low salt and no processed sugar) and great tasting using

slow wood smoked and planked cooking. I also make specialty spice rubs and sauces that also have low salt and

no processed sugars. See my web page at www.rubbedjerkedsmoked.com.

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Bruce Hurwitz

Senior Vice President and Chief Compliance Officer at Digital Risk, LLC

*********@*******.***

17 people have recommended Bruce

"Bruce is a great collaborator. He takes the time to digest the challenges, encourages opinions and feedback,

and provides clear direction to achieve the goal. I thoroughly enjoyed working on his team. He is an asset to

the organization."

Mike Bondi, Technical Writer, Compliance, Digital Risk, LLC, reported to Bruce at Digital Risk, LLC

"I worked with Bruce at Fremont (parent and banking subsidiary) on a number of governance/regulatory

issues, complex financial transactions, and a company restructuring. Bruce is a tremendous senior attorney

and senior management team member that is able to work quickly and effectively in complex situations that

involve multiple departments across the company. He always took the time to explain complex legal and

regulatory issues and was a tremendous resource. I highly recommend Bruce to any management team."

Linda Bandov Pazin, Director, Investor Relations & Corporate Communications, Fremont General

Corporation, worked indirectly for Bruce at Fremont General Corporation/Fremont Investment & Loan

"Bruce is an amazing colleague. He is a person that can explain difficult legal concepts to non-legal people

clearly. He was a joy to work with and I hope to have the opportunity to learn from him in the future."

Steve Ross, AVP - Structured Finance, Fremont Investment & Loan, worked with Bruce at Fremont

General Corporation/Fremont Investment & Loan

"Bruce is a wealth of information. He has always been very detail oriented and a great leader for the

company. His negotiation skills and experience in the legal field are excellent. He would be an asset to any

company."

Rafael Uribarre, AVP/Secondary Marketing, Fremont Investment & Loan, worked indirectly for Bruce at

Fremont General Corporation/Fremont Investment & Loan

"Bruce was a great counsel for us as he applied a wise and balanced approach to situations that arose. He has

a great sense of humor and never let tough times impact his professional approach. Bruce was always

enjoyable to work with. He has deep experience in financial services and clearly understands the real issues

that are present in that arena. He would be a great addition to any organization."

Ed Lamb, SVP CFO, Fremont General Corporation, managed Bruce indirectly at Fremont General

Corporation/Fremont Investment & Loan

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"Bruce provided solid legal support and valuable recommendations in both financial and M&A transactions."

Fred Mahintorabi, Senior VP - Corporate Finance, Fremont Investment and Loan, worked with Bruce at

Fremont General Corporation/Fremont Investment & Loan

"I worked with Bruce in two different capacities, and in each of them I found him to be a smart lawyer with a

good, practical business sense, a hard worker and a detail-oriented individual. We worked as colleagues in the

Fremont legal department, me on the Commercial side and Bruce on the Residential side. He was always the

"go to" lawyer for any questions we had about the Residential side both because he understood everything so

well and because he was very responsive. Then, we worked together on the sale of Fremont's Commercial

Real Estate portfolio, and in that capacity we worked together daily on a very complicated, very detailed,

transaction and were able to successfully bring it to conclusion. I hope to have the chance to work with Bruce

again, which is the best thing I can say about anyone."

Alec Nedelman, Senior Vice President, Business & Legal Affairs, Fremont Investment & Loan, worked

with Bruce at Fremont Investment & Loan

"Bruce is a great lawyer, possessing not only an excellent command of the relevant legal concepts, but also

the ability to advise his clients on the business and practical implications thereof."

Ed Douma, Partner, Hunton & Williams, was a consultant or contractor to Bruce at Fremont Investment

& Loan

"I've had the opportunity to work with Bruce on various teams and projects and have always found him to be

a very focused, results-oriented partner. He regularly focused on achieving positive results and ensured we

always kept the team(s) focused on the targeted goals."

Tom Honan, SVP - Chief Information Officer, Fremont Investment and Loan, worked with Bruce at

Fremont Investment & Loan

"Bruce is a smart “hands on” Senior Attorney who I counted on to deliver mission critical projects. Bruce was

well respected within the Residential Real Estate division for his industry knowledge and deep understanding

of complex Capitol Markets transactions. As a trusted member of the Senior management staff Bruce gave

solid council to help business leaders make good decisions. I would not hesitate to work with him in the

future."

Bob Clafford, Senior Vice President,Residential Real Estate, Fremont Investment and loan, worked with

Bruce at Fremont Investment & Loan

"Bruce is an excellent attorney with hands on knowledge of the mortgage business and experience in all

aspects from operational, to structured transactions and regulatory oversight. I would highly recommend

Bruce to any organization looking for strong leadership and reliable support."

Troy Gotschall, President and CEO, Encore Credit Corp, worked with Bruce at Fremont Investment &

Loan

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"Bruce was an excellent partner in working every close with me and my team as we were transforming the

Information Technology organization to a quality service provider and as a valued partner to our business ."

Becky Wanta, Global Chief Technology Officer, Wells Fargo, worked with Bruce at Wachovia Bank

"I worked in the securitization group at Brown & Wood LLP (now part of Sidley) while Bruce worked there

and have kept in touch with him since. We have many colleagues in common. Bruce is sharp, hard-working,

good with numbers, and has entrepreneurial business saavy. He focuses on what is important and does not get

tied down in the details. Bruce's experience is broad based. After performing the highly detailed specialized

work of a securitization lawyer at Brown and Wood, he has served in high performance associate and general

counsel positions where corporate governance, management, and budget skills become critical supplements to

basic legal qualifications."

Ruth Strauss, Senior Counsel, Brown & Wood LLP, worked directly with Bruce at The Money Store

"Bruce and I worked on corporate real estate contracts for properties across the nation. We worked efficiently

and effectively. Bruce was very responsive, knowledgeable and capable. He has an excellent "bedside

manner" in his dealings and resolution of issues and obstacles. I remember our days to be enjoyable as we

dealt with many tasks."

Jerome Beauchamp, Vice President Real Estate & Facilities, The Money Store, worked with Bruce at

Wachovia Bank

"Bruce was my first manager after law school. I found him to be an excellent mentor with extensive

knowledge of the mortgage and structured finance business. While he was always willing to give me

guidance, he encouraged me to take the initiatve to undertake complex matters. I would highly recommend

Bruce to any organization looking for strong managerial and leadership skills."

Christopher McGovern, Associate Counsel, First Union National Bank, reported to Bruce at Wachovia

Bank

"Bruce is a highly focused professional who executes extremely well. Bruce frequently sees issues and

addresses them well before they become problems. Working with Bruce was alwyas productive and

conducive to arriving at the correct answer in difficult situations."

Mike Smith, CPA CMA CGMA, Chief Accounting Officer, Fremont Investment and Loan, worked with

Bruce at The Money Store

"I've had the distinct pleasure of working with Bruce since the mid-90s, starting when he was an Associate at

what was then Brown & Wood (now Sidley Austin) working on IndyMac securitizations as Issuer's Counsel,

and continuing on through his career at Fremont Investment & Loan as Deputy General Counsel. Throughout

this time, Bruce has successfully and artfully balanced business acumen and legal responsibility. He similarly

is willing to listen to anyone's idea or position and will not dismiss it out of hand simply if it differs from his

own. His knowledge of structured finance is not only broad but also deep and provides Bruce with a unique

industry and market perspective. I highly recommend Bruce without reservation."

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John Graham, Managing Director, Nomura Credit & Capital, Inc., was with another company when

working with Bruce at Fremont Investment & Loan

Contact Bruce on LinkedIn

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