Manager Real Estate

Ronald Pizzi

**** ** **** **, **** ***, Coral Springs, Fl 33065 954-***-****

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

Workout Officer - Credit Officer - Underwriting Manager

Portfolio Management / Workouts / Debt Restructuring/

Liquidations/Financial Analysis / Asset Management / Risk Management /

Compliance / Process Improvement / Litigation

Senior banking executive with proven record of accomplishments across wide

spectrum of financial disciplines. Demonstrated successes in loan

workouts, credit administration, portfolio management, commercial (C&I) and

real estate underwriting, asset management, and commercial (C&I), asset

based and real estate lending. Expertise in automated underwriting systems

and credit-scoring methodologies. Advanced financial education through MBA

and Formal Credit Training program.

. Instituted workout disciplines on $17M troubled loan portfolio at

Peninsula Bank to minimize losses.

. Reduced real estate exposure by $121M at IndyMac Bank due to

capital/market constraints

. Assumed all customer contact responsibilities at IndyMac Bank when

account officers resigned.

. Turned around costly loan loss reserve situation, increasing bottom

line $3M.

. Reengineered past due collection processes, cutting past due loans

90%.

. Led litigation initiative, reducing loss on defaulted loan $1.25M.

. Developed new problem loan review procedures, leading to improved

collection efforts.

. Increased focus on financial statement problem area, decreasing

exceptions 50%.

Special Skills: Working with regulatory agencies. Building and leading

productive, self-sustaining teams. Designing efficient systems.

Minimizing liability exposure and litigation. Negotiating major deals.

Analyzing situations rapidly and determining courses of action. Solving

problems.

Selected Achievements

Reduced Peninsula Bank's loss by $900K on a partial land assemblage.

Negotiated a friendly foreclosure, which included borrower deeding two of

three intervening parcels, not subject to original mortgage, to the Bank

subject to debt. Negotiated payoff of debt with Note holders and purchased

third parcel from non related owner.

Reduced loan exposure by $121M on real estate portfolio. In late 2007

IndyMac was experiencing capital constraints due to declining real estate

market and was subsequently taken over by FDIC in July, 2008. During that

time reduced portfolio balances from $183M to $62M and restructured or

foreclosed on remainder.

Assumed all customer contact responsibilities at IndyMac Bank when Florida

account officers resigned, in 2005 and 2006. In order to maintain

continuity, assumed all customer contact responsibilities resulting in no

loss of existing customer base. Also supported underwriting for offices in

Charlotte, Atlanta and Memphis

Turned around costly loan loss reserve situation, increasing bottom line

$3M annually. After acquiring Manufacturer's Bank, acquired loans did not

meet Colonial's standards or had documentation exceptions. Therefore, the

bank was under-reserved and provisioning $250K monthly to loan loss

reserve. Initiated campaign to obtain current borrower information and re-

underwrite to bank's specifications. Implemented documentation file review

process to clear deficiencies. Eliminated reserve shortfall and

discontinued monthly reserve provision.

Reengineered past due collection processes, cutting past due loans 90%.

Due to personnel turnover and conversion errors, Colonial Bank's over 30

day past dues had increased to more than 5% following new acquisition.

Instituted new centralized collection function. Focused on under 30 days

past due loans to anticipate emerging problems. Reduced past due loans,

averaging less than .5% monthly in 2004.

Led litigation initiative, reducing loss on defaulted loan $1.25M.

Colonial Bank was facing $2M deficiency resulting from problem loan.

Determined major problem area that had occurred in borrower's construction

process. Immediately initiated recovery actions against multiple parties

after consulting with bank's attorneys. Resulted in global settlement with

all creditors. Reduced bank's loss to $750K.

Developed new problem loan review procedures, leading to improved

collection efforts. No consistent process for reviewing and reporting on

criticized loans existed at Colonial Bank despite policy requirement.

Developed and implemented quarterly criticized asset review process with

senior bank management. Based on review findings, created report for local

board and main office. Generated greater awareness/understanding of

problem loans. Created methodology to improve collection strategy.

Increased focus on financial statement problem area, decreasing exceptions

50%. Financial statement exceptions were running unacceptably high at

Colonial Bank. Developed new staffing plan to increase focus on

exceptions. Instituted aggressive campaign to obtain necessary borrower

information. Implemented communication program to notify account officer

and chief lender if problem persisted. Reduced financial statement

exceptions from 3,000+ to 1,500 on consistent basis.

Career Overview

Peninsula Bank, a $600M bank headquartered in Sarasota, Fl - 2009 to 2010

Workout Officer. Instituted resolution plans, reviewed borrower

financials and collateral positions, on a $17M portfolio of troubled

loans. Maximized recovery (work with) on $7.2M through A/B Note

restructures or forbearance agreements with cooperative borrowers.

Reduced loss (workout) on $9.8M through friendly foreclosures when

possible to reduce resolution time and expense. Following the Bank's

signing of a Consent Order, strategies were adopted bankwide.

IndyMac Bank, a $25B thrift headquartered in Pasadena, Ca - 2005 to 2009

Credit/Workout Officer. 2007-2009. Prior to FDIC takeover, reviewed and

approved all loan committee submissions for Southeast region with

emphasis on reducing exposure, monthly and quarterly reporting, approved

exceptions on draws on a regional portfolio of $183M. After takeover,

managed the portfolio directly and continued collection efforts. Overall,

reduced the portfolio from $183M to $62M and restructured or foreclosed

on remaining balances.

Underwriter/Portfolio Manager. 2005-2007. Underwriting and portfolio

management responsibilities for several offices in Southeast Region.

Underwrote real estate construction loans averaging $144M annually in

several offices and managed an existing portfolio totaling $250M in

Southeastern states. Minimized reporting exceptions. Prepared monthly

sales reports and quarterly portfolio reports for all loans. Staff

included one junior analyst.

Colonial Bank, $26B bank headquartered in Birmingham, Al - 1999 to 2005

Vice President, Portfolio Management - 2001- 2005. Created new

department with staff of five and directed all portfolio management

functions for Tampa region of a $17B bank. Responsible for renewals,

annual reviews, past due administration/collection, workouts, ORE,

management of internal watch list, loan loss reserve adequacy, file

maintenance and financial statement exceptions on a $1.2B portfolio.

Maintained past dues under .5% consistently. Created new model

centralizing function, allowing account officers time to concentrate on

new business development. Personal loan authority to $150K.

Manager, Small Business Lending Unit - 1999 - 2001. Created, staffed and

managed a Small Business Underwriting Unit generating a $25M portfolio.

Handled regional workouts and past dues on $300M portfolio.

First Union National Bank, a $400B bank headquartered in Charlotte, NC -

1991 to 1999.

Vice President, Small Business Loan Underwriter - 1994 -1999. Retained

by First Union after acquisition of First American to function as

decision maker for commercial and real estate loans up to $500K. Reviewed

outside agency information, cash flow and appraisal/collateral position

in connection with loan approvals. Utilized credit scoring models on

smaller deals. Negotiated changes with borrowers after approval. Closed

deals averaged $5.3M per month.

Special Assets Officer (First American Bank) - 1991 - 1994. Formulated

and implemented workout/liquidation strategies for portfolio of troubled

real estate and commercial loans. Managed $85M portfolio. Successfully

collected $22M in settlements, foreclosed on assets totaling $24M,

restructured $24M and settled $4M lender liability suit. Negotiated

terms and documentation with borrowers. Managed outside counsel. Bulk

sold assets when appropriate.

FDIC - Liquidation Assistant - 1990 to 1991. Formulated and implemented

liquidation strategies for commercial loans. In a seven month period,

collected $7M, restructured $2M, and obtained judgments of $1M on an $18M

portfolio.

National Bank of Washington - 1979 to 1990. Variety of positions including

Assistant Manager for Asset Based Lending Department with 6 officers,

Manager Leasing Department with 2 subordinates, Loan Workouts, Credit

Administration Manager with 10 subordinates, Loan Review Manager with 3

subordinates and Commercial Lender.

City National Bank of Detroit - 1977 to 1979. Commercial Lender and

Assistant Manager, Credit Department with 6 analysts.

Detroit Bank & Trust (now Comerica Bank) - 1973 to 1977. Credit analyst

Education

. MBA in Finance and Accounting, 1973. University of Chicago.

. BA, Economics, Muhlenberg College (Allentown, PA). 1971

. Formal credit training at Comerica Bank.

Contact this candidate