VP / Director, Capital Markets / Treasury

Kyle Chelius

*** ***** ***** ********, ** ***** 215-***-**** ****.*******@*****.*** www.linkedin.com/in/kylechelius

Target: VP / Director, Capital Markets / Treasury

Warehouse Financing Secondary Marketing Operations Management

De Novo Startups Large Originators Distressed Situations

Performance-driven finance executive directing the inter-company loan sale process, implementing new warehouse lenders, conceptualizing cash forecasting models, leading Treasury operations, and more for both startup and large originators. Across career, gained a reputation for optimizing business processes to realize up to $1.2M in annual cost savings and building and leading high-performance teams to maximize revenues on more than $55B in annual loan sales.

Leadership Strengths & Value Offered

Business Continuity Planning Structured Finance Transaction Management Investor and GSE Relations

Policy/Procedure Development & Oversight Capital Markets Operations Financial Analysis

Warehouse Financing Data Analysis Strategic Planning Team Building & Coaching

CAPITAL MARKETS EXPERIENCE

Ocwen Financial Corporation – Fort Washington, PA 2013-March 2018

One of the nation’s largest mortgage companies with 9K+ employees serving 1.3M+ families (NYSE: OCN).

Director, Capital Markets

Oversee daily operations for all warehouse lines of credit and participation agreements utilized to finance mortgage production. Hold indirect responsibility for the Capital Markets Pooling and Delivery Team, leading activities critical to maintain proper warehouse liquidity levels. Manage a $750K budget and up to three direct reports (Financial Analysts).

Key Impact:

Spearheaded Ocwen’s operational response to regulatory actions taken against the company, including identification and implementation of a new subservicer and design and operationalization of GSE co-issue programs that allowed Ocwen to continue lending in states which had issued cease and desist orders.

Ensured adequate liquidity to fund originations averaging $350M/month, including liaising with Treasury and senior management to initiate four new warehouse lines with newly sourced lenders providing $650M+ in liquidity. Managed debt covenant compliance.

Negotiated, reviewed and approved all operative documents pertaining to repurchase and participation warehouse financing structures with five counterparties representing $650M + in liquidity.

Homeward Residential Inc. – Mount Laurel, NJ 2012

De novo national mortgage originator launched in 2011 and purchased by Ocwen Financial Corporation in 2012.

Director, Capital Markets

Reporting to the SVP of Capital Markets, built and led a high-performance team during the company’s early days. Played an integral role in Homeward Residential’s rapid growth from five to 150 employees, including driving a 175% increase ($345M to $950M) in originations over a 10-month period. Led three direct reports (hired two Financial Analysts).

Key Impact:

Designed and executed formal processes and procedures, business continuity plans, and a control environment for warehouse lending that resulted in zero material findings by both the internal audit and Sarbanes-Oxley audit teams.

Oversaw the implementation of Fannie Mae and Freddie Mac’s Uniform Loan Delivery Dataset (ULDD) a critical milestone supporting the company’s progress.

Collaborated with Treasury and senior management to identify, select, and negotiate operative documents with four warehouse lenders providing $775M in liquidity. Managed debt covenant compliance.

Kyle Chelius Page 2

GMAC Mortgage Corporation – Fort Washington, PA 2001-2012

National mortgage originator and servicer owned by General Motors and liquidated in December 2013.

Finance Director (2006-2012)

Hand-picked for promotion by the SVP, Capital Markets to oversee and determine the Best Execution on all loan sales averaging $55B annually. Managed a $1M budget and four-person team of Financial Analysts.

Conceptualized and implemented a weekly cash forecast a snapshot used to manage the origination liquidity needs of the firm instrumental in providing consistent, transparent communication to the Treasurer, CFO, and senior management while GMAC experienced significant financial distress resulting from the mortgage crisis.

Restructured and grew the CRA-specified loan sales process to capture $350K in incremental revenue annually.

Manager, Allocations & Securitizations (2004-2006)

While maintaining Finance Operations responsibilities, promoted to assume responsibility for all agency and non-conforming loan sales, including securitizations averaging $180B+ per year. Managed the private label securitization collateral and operational disclosure review and approval process. Achieved a 190% increase in production volume without a significant increase in headcount by streamlining business processes and expedited the sale of loans to asset-backed commercial paper conduits realizing $1.2M in annual cost savings. Built and led a top-performing team of 10 employees (Financial Analysts, Pooling Manager, and Delivery Manager) and managed a $2.5M budget.

Manager, Off-Balance Sheet Financing Operations (2002-2004)

Selected by the VP, Operations for advancement to management level to create and run a new, three-person department handling operations for off-balance sheet financing vehicles. Initiated two off-balance sheet, asset-backed commercial paper conduits allowing the firm to grow originations while providing $90B of inexpensive liquidity during 2003.

Financial Analyst, Asset-Backed Securitizations (2001-2002)

Upon earning MBA, hired to assist with the securitization of home equity loans and home equity lines of credit with a focus on data analytics and reconciling loan level data with various reports.

Foundational Roles: While earning an undergraduate degree, launched career with Ceridian Corporation, Philadelphia, PA (1989-1994), serving as a Quality Control Associate before advancing to Account Manager. Transitioned to The Northern Trust Company, Wayne, PA (1996-2001) as Second Vice President during graduate school, gaining advanced skills in MS Excel and Access as a means to quickly identify and diagnose data issues.

BUSINESS CONSULTING EXPERIENCE

Community Services Group of Delaware, Inc. – Wilmington, DE 2008-Present

Community-based mental health and intellectual and developmental disability services provider.

Director

Provide investment management and policy formulation to CSG’s investment management division. Appointed to the CSG Ventures, Inc. Board of Directors (a subsidiary of CSG of Delaware, Inc.) in April 2017.

Acadia, Inc. – Lancaster, PA 2001-2014

Post-acute acquired brain injury rehabilitation provider with 100 employees and $4.5M in annual revenues at peak.

Director

Spearheaded financial planning and analysis, development of key performance indicators and strategic planning. Analyzed operating results and financial position, including comparison to budget. Worked collaboratively with executive management to understand drivers behind variances and required adjustments to the business. Served as Acting Chairman of the Board from 2013-2014 and led the team responsible for the company’s planned sale in 2014.

EDUCATION & CREDENTIALS

Master of Business Administration (MBA) Bachelor of Science (BS) in Business Administration, Finance

Villanova University Magna Cum Laude

Technology

MS Office Suite & Visual Basic for Applications (VBA) SQL Carlisle Group’s Collateral Analysis System (CAS)

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