Manager Project

DARRYL L. SHAPIRO, ESQUIRE

*** *. ********* ***** **** 32, Pompano Beach, Florida 33062

Phone: 267-***-**** E-mail: *********@*****.***

OBJECTIVE:

Obtain a consulting position where my experience and education can be utilized in the areas of Project Planning, Compliance, Underwriting, Credit Analysis, Due Diligence, Regulatory Reviews and Default Servicing

CAREER HIGHLIGHTS:

Project planning to manage regulatory policy and designed the Quality Control (Q/C) – Compliance and Regulatory audits to meet the criteria for the Office of the Comptroller of the Currency (OCC) and the Department of Justice (DOJ) settlements with a major financial institution – Bank of America

Developed the default management department of a recognized mortgage servicer to manage foreclosure, bankruptcy, loss mitigation and REO on a $10 billion portfolio

Expanded the capacity of the Due Diligence Department of a major investment bank in order to accommodate transactions in excess of $100 billion total for the capital markets (Consumer, Student Lending, Auto and Mortgage portfolios)

PROFESSIONAL EXPERIENCE:

Financial Regulatory Consultant (various Consulting Firms) November 2013 – Present

Situs Capital Management, Beach Street Consulting, RMS McGladrey & Opus Capital Charlotte, NC

Consultant for TRID and HMDA reporting for 1st Mortgage originations and consumer refinances for major Banking concern

Lead Project Planning to ensure timelines and monthly reporting were in compliance with data integrity framework designed by Federal Agencies - FHLMC/Freddie Mac

Consult with Executive Management to clarify project expectations to ensure proper deliverables and present detailed Power Point presentations – consumer lending products and mortgages

Conduct MHA internal audits to ensure compliance with HAMP and HAFA regulations for a nationwide sub servicer

Perform compliance reviews for a nationwide lender and mortgage servicer to ensure adherence to new Federal rules

Review Policies/Procedures, interview management and evaluate process maps to prepare the client for OCC audits and perform risk analysis

Perform internal due diligence and conduct operational reviews of bank departments to determine strengths and weaknesses

Manage project to analyze loan portfolios to determine adherence to both internal policies and federal regulatory guidelines (mortgages and consumer loan products)

BANK OF AMERICA CORPORATION February 2011 – October 2013

Vice President/Control Manager and Technical Writer for Policies/Procedures Charlotte, NC

Project planning to meet the National Servicing Standards for the National Mortgage Settlement with the DOJ and the regulations promulgated by the Consumer Financial Protection Bureau (CFPB)

Process Mapping for Q/C test questions in order to ensure that the mortgage sub servicers were abiding by the new California Home Owner Bill of Rights for the Bank’s monthly audits

Project planning to establish the Q/C team of Bank of America’s third party servicing management department to ensure the life-cycle of a defaulted loan

Managed the Q/C reviews for a $100 billion portfolio of severely delinquent loans assigned to sub servicers

Drafted servicing fraud prevention policies to ensure compliance with regulatory and bank requirements per risk analysis assessments

Prepared and managed the Deed-in-Lieu of Foreclosure (DIL) policy used by the Bank’s default specialists

Reviewed and assisted with modification and transferring of BofA’s Reverse Mortgage portfolio

Financial Regulatory Consultant November 2008 – January 2011

MMC Group, LP Atlanta, GA/Pasadena, CA

Project Management to ensure the closure of three banking institutions on behalf of the Federal Deposit Insurance Corporation (FDIC)

Reviewed and repudiated agreements and licenses in bank receiverships on behalf of the FDIC

Risk analysis for loans involved in state and federal litigation for both commercial and residential properties

Reviewed Compliance issues in relation to both federal and state banking regulations

Served as subject matter expert relating to bankruptcies, foreclosures and other servicing issues - Mortgages and Consumer lending

BANC OF AMERICA SECURITIES, LLC January 2005 – October 2008

Vice President of Global Structured Finance ABS/MBS Charlotte, NC

Directed the implementation of processes and procedures for due diligence on whole loan and third party transactions for Prime, Alt-A, Sub Prime, HELOC and Reverse mortgage reviews.

Designed the due diligence scripts for Reverse Mortgage and Student loan testing

Implementation of large Auto loans, Recreational vehicle and consumer product (boats) due diligence for the secondary market

Development of the Student Loan script in order to assist with the securitization of private label Student Loans

Coordinated the due diligence samples for credit, compliance and appraisal reviews for large market securitizations of $2 to $3 billion and whole loan trades with 5,000 to 30,000 loan pools

Conducted annual operational reviews of both mortgage and auto loan origination operations and servicing platforms for warehouse facilities - $100 million to $5 billion

Communicated with the rating agencies: Moody’s, Fitch and Standard & Poor’s re: due diligence results

Reviewed appraisals and conducted meetings with mortgage originators about regulatory compliance

Performed international due diligence and operational reviews in Australia and Mexico

Researched loans based on potential fraud and “EPDs” for possible repurchase by originators

Negotiated the sale of “scratch and dent” loan pools to hedge funds and private equity firms

Hanover Capital and Clayton Holdings, LLC August 2002 – December 2004 Mortgage Industry Consultant Edison, NJ/ Shelton, CT

Lead on Due Diligence Reviews - prepared daily reports, reviewed workflow and supervised underwriters for residential mortgage securitizations in excess of $1 billion

Evaluated and performed quality control reviews on contract underwriting assignments and compliance reviews

Performed portfolio analysis of sub prime loans for the secondary market and mortgage backed securities

Directed full underwrite reviews and compliance evaluations on Prime, Alt-A and Sub prime mortgages

Conducted “Fraud Review” and Compliance audits on loan documentation (Mortgages, Auto and Consumer Products)

AMERICAN BUSINESS FINANCIAL SERVICES July 2001- July 2002

Manager of Loss Mitigation Bala Cwyd, PA

Initiated and established the loss mitigation and prospecting units

Developed an Equity Analysis Macro on Excel, which was used throughout the corporation

Reviewed staff queues for quality coverage and timely follow-up for a $3 billion loan portfolio

Supervised the negotiation efforts of the staff with mortgagors, attorneys and realtors to ensure an effective loss mitigation strategy was accomplished

GMAC – Client Branded Solutions October 2000 - June 2001

Manager of Default - Bankruptcy, Foreclosure, Loss Mitigation & REO Horsham, PA

Established a full service default mitigation department to manage short sales and loan modifications

Managed all aspects of default servicing, bankruptcy, foreclosure, loss mitigation and REO

Consistently reduced delinquencies on a $10 billion portfolio of HLTV and HELOC loans

Recovered over $2 million in third-party foreclosure proceeds by analyzing charge-offs

Oversaw the design and implementation of the new “Bankruptcy Access Program”

Coordinated audits and presentations for the rating agencies’ grading reviews

Assisted with all legal actions pertaining to investors’ loan portfolios and bankruptcy regulations

CONTIMORTGAGE CORPORATION (Residential Mortgages) May 1999 - September 2000

Loss Mitigation and Bankruptcy Mitigation Unit Hatboro, PA

Mitigated losses on a $100 million second mortgage sub prime servicing portfolio

Analyzed mortgage documentation files in order to determine the best exit strategy on defaulted loans

Negotiated loans with attorneys, realtors, and lenders - short sales, modifications and deed-in-lieu of foreclosures

Advised management and outside legal counsel on the progress of bankruptcy cases

Initiated the bankruptcy mitigation unit to reduce loss severity on the bankruptcy portfolio

LAW OFFICES OF DARRYL L. SHAPIRO, LLC January 1992 – April 1999

Managing Attorney and Proprietor Newtown, PA

Managed three law offices with an emphasis on bankruptcy and foreclosure law

Litigated debtor rights cases before the Untied States Bankruptcy Court for Eastern and Middle Districts of PA

Assisted clients in obtaining mortgages and negotiating loan workouts

Managed rental properties on behalf of clients

Oversaw a legal title settlement firm for real estate closings

Assisted clients to obtain relief from consumer debts and obligations

SHAPIRO AND KREISMAN (The LOGS Group) November 1990 – December 1991

Managing Attorney (National Foreclosure Law Firm) Philadelphia, PA

KASHKASHIAN & ASSOCIATES June 1989 – October 1990

Associate (Bankruptcy Firm) Bensalem, PA

Education:

Widener University School of Law Juris Doctorate

Juniata College Bachelor of Arts

Professional Licenses:

Series 7 & Series 63 (Non-Active)

Member of the Pennsylvania Bar

Software: Excel, Power Point, Visio, MSP (Servicing Software) and Relativity (E-Discovery Software)

Professional Organizations:

Vice Chairman of the Due Diligence Managers’ Committee of SIFMA (Securities Industry & Financial Markets Association - 2008) and USFN (America’s Mortgage Banking Attorneys)

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