Real Estate Manager

Sri Bawan

**** ********* ****** (CANOGA PARK CA *1303

818-***-**** 818-***-**** (acf5ef@r.postjobfree.com

Summary

Vice President/Asset Manager/Credit Analyst with extensive expertise in

mortgage banking for single family, commercial real estate, construction

loans, SBA 504 and 7A loans. Field of experience is diverse having worked

in various areas of the financial industry; Strengths include default

management and workout, budgeting, asset valuation, analytical finance,

accounting and management of real estate development.

. Management of criticized assets

. Asset evaluation, recovery and remarketing

. Debt workout and Collections

. Credit Analysis including financial statements and tax returns

. Construction Analysis including Construction disbursement

. Budget Preparation & Control

. Planning & Scheduling

. Real Estate Credit Policies and Procedures

. Excellent organizational, communication, analytical, and people

skills.

. Results-oriented, with an ability to see assignments to successful

completion.

Professional Experience

First Citizens Bank, San Diego, CA

November, 2009 - Present

Vice President, Portfolio Management/Credit Resolution Department

o Responsible for the management of real estate loans secured by

residential, commercial properties and land, ranging in size from

$200,000 to $20,000,000. Continuous monitoring and evaluation of the

financial condition of borrowers and/or guarantors and developing

loan decisions based on analysis.

o Handle defaulted loan relationships to formulate repayment plans.

Coordinate litigation and foreclosure process with attorneys and

trustees to facilitate optimal resolution of loans. Evaluate

collateral condition, including environmental screening to validate

bank's resolution decisions.

o Liaising with legal counsel to protect Bank's rights in various

bankruptcy matters including developing acceptable, intermediate

financial terms with Debtors in Possession regarding disposition of

business revenue and dealing with receiverships. Responsible for re-

structuring loans to comply with terms of bankruptcy re-organization

plans.

o Develop workout strategies for loans from distressed banks under the

guidelines provided by the FDIC for purchase and sale agreements.

Work on forbearance plans and modifications, short sales, note sales,

deeds in lieu of foreclosures and forfeitures to secure maximum net

proceeds.

Indymac Bank Pasadena, CA July, 2003 - October, 2009

Asset Manager, HOME CONSTRUCTION LENDING.

o Review assigned problem loans referred from loan servicing and

developing strategies for restructuring and modifying loans to return

them to the performing portfolio. Developing and implementing

suitable loss mitigation plans for avoiding and/or reducing loss on

non-performing assets.

o Overseeing the completion of high risk construction projects and

restructuring loans to ensure completion and exit from portfolio,

including negotiating term extensions, additional advances, and

exceptions to accommodate planning authority requirements.

o Reviewing third party reports and interacting with legal teams with

respect to asset resolution, including mechanics and material-men's

liens, basic and bonded stop notices, title disputes etc and ensuring

that the bank's interest are protected at all times.

o Negotiating short sales and short payoffs, property forfeitures and

deeds-in-lieu of foreclosures to present the best outcome for the

Bank. Dealing with bankruptcy filings and associated relief from

stay, preparing file for referral to foreclosure in the event that a

workout solution is not reached and monitoring progress through

trustee sale and REO transfers.

o Upon takeover by the FDIC, responsible for preparation of exit

strategies and case studies for resolution on non-performing loans

for FDIC review. Team member that effected the expedited dissipation

of assets to facilitate the sale of the bank.

Washington Mutual Chatsworth, CA 1999 - April, 2003

Financial Analyst/Asset Manager

o Administered 6 aircrafts leases, performed monthly and quarterly

financial reports with consistent accuracy.

o Conducted on-site property inspections of about 160 collateral

properties (Multi-family, Office, Industrial and Retail) in my

servicing portfolio including evaluations of condition, deferred

maintenance and current market value.

o Analyzed problem loans and prevented defaults through coordination

with investors and borrowers.

o Implemented American Disability Act to bring company within federal

guidelines.

o Managed commercial property servicing portfolio for Orange County/San

Diego County, including analysis of income and debt service metrics

to develop appropriate servicing plans. Prepared periodic reports for

FannieMae/FreddieMac and other GSE to document portfolio status.

ARCS Commercial Mortgage Co. Calabasas, CA 1997 - 1998

Asset Manager

o Annual property inspections of approximately 60 loans in my servicing

portfolio to validate deferred maintenance on the properties and

oversight of rent rolls to ensure compliant debt service coverage

ratios.

o Monthly or quarterly financial analysis as required to ensure loans

comply with Capital Markets guidelines and managing loans on the

"watch list".

o Monitoring and disbursement of replacement reserve and escrow

administration.

o Problem asset resolution - working with investors and borrowers to

handle potential defaults through either workouts or foreclosure.

o Coordination of new capital market loan programs and securitization

changes.

o Accomplished excellent customer relations with investors and

customers.

WeyerHaeuser Mortgage Company. Woodland Hills, CA 1983 - 1997

Supervisor - Foreclosure, Bankruptcy, Finance and Residential Construction

o Foreclosure: Responsible for re-instatements and legal procedures

pertaining to foreclosure process, trustees' sale and deeds in lieu

of foreclosure. Meeting investor requirements after the trustees'

sale on no bid properties. Filing claims with FHA or VA for the

outstanding debt on foreclosed property according to the terms of the

original deed of trust.

o Analyzed profit and loss analysis of real estate foreclosure

throughout the United States. Repurchasing, internal auditing of

foreclosure claims to ensure loan cost recovery. Monthly financial

reports and quality control of the foreclosure department.

o Review of draw requests, invoices and lien releases, monitoring of

disbursement, set aside funds, equity funds, budget, contracts,

change orders, overhead and developer profit, title protection and

project overruns and warning signs.

o Reduced foreclosure losses by 50-70% by coordinating with outside

vendors and attorneys and monitoring daily transactions.

o Received "Winning as a Team" award from the Rochester Institute of

Technology for significant achievement in the quality movement, which

reduced expenses in the Loan Servicing Division.

Education

BS, Accounting & Finance ( University of Sri Lanka ( Colombo, Sri Lanka

Technical Skills

Windows ( Excel ( Access ( Word ( Microsoft Outlook ( Internet (

Quicken ( JD Edwards ( CLCS ( Alltel

NMLS# 737786

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