DAVID M. CHERNEK

*** ******* *****, ******, ********** 90291 310-***-****

acwk5q@r.postjobfree.com

GenerAl Counsel

Ambitious and accomplished General Counsel and Senior Executive leader with

26 years' of proven success in driving organizational improvements and

achieving successful results. Demonstrated ability to create and apply

aggressive initiatives and innovative solutions to difficult problems.

Keen attention to detail and superior written and oral communication

skills. Respected leader with hands-on experience managing in-house legal

operations and outside counsel, while driving training and the development

of junior employees. Substantive expertise in the laws governing consumer

lending in the United States. Extensive regulatory experience. Licensed

in U.S. and England.

Key Competencies

Negotiation, Arbitration & Litigation Regulatory Affairs & Compliance

Staff & Outside Counsel Management Consumer Protection & Financial Laws

Change Management Cross-functional Collaboration

PROFESSIONAL EXPERIENCE

LOANME, INC. Anaheim, CA Current (from August 2015)

Executive Vice President/General Counsel

Head of Legal and Compliance functions at a growing prime, subprime and

small business FinTech direct lender with a highly visible market presence.

Responsible for: providing strategic advice to C-Level executives

regarding existing and proposed laws and regulations; implementing

operational changes needed to conform with legal requirements; contracts;

litigation strategies; and risk mitigation.

Key Accomplishments:

. Developed a scalable compliance management system, with a Compliance

Committee, policies and procedures covering federal and state lending

laws, and a compliance audit protocol.

. Initiated sophisticated new reporting on customer complaints and

lawsuits.

. Supervised the creation of a fair lending regression analysis

utilizing Bayesian Improved Surname Geocoding.

. Created a vendor management platform that streamlined risk-ratings and

introduced audit functions.

. Advised regarding marketing initiatives on traditional media (radio

and television) and new media (internet and social media).

Prospect Mortgage, LLC Sherman Oaks, CA 2009 to 2015

General Counsel (2013 - 2015)

Led 70 direct and indirect reports within one of the nation's leading

independent mortgage lenders with over $400M in annual revenue and 2K total

employees. Restructured legal organization consisting of Legal, Regulatory

Audits, Compliance, Fair Lending, Quality Control, Vendor Management, and

Licensing Departments.

Key Accomplishments:

. Established two new departments: Fair Lending and Vendor Management.

. Improved regulatory relationships by increasing responsiveness to

audit results and remediation protocols.

. Obtained a favorable settlement in a complex litigation involving more

than 400 separate civil cases.

. Increased Legal Department attorney headcount by 250% while

implementing new processes for project assignment and management.

. Enhanced licensing function through proactive involvement in business

initiatives and increased expertise in licensing laws.

. Reorganized Compliance Department, including adding new personnel and

functions, which increased responsiveness to regulatory initiatives,

achieved more effective compliance oversight, and facilitated improved

interactions with internal business constituencies.

. Spearheaded timely implementation of regulations promulgated pursuant

to Dodd Frank, including organizing cross-departmental work groups,

providing educational outreach to affected internal groups, and

fashioning new policies, procedures and workflows.

Deputy General Counsel (2009 - 2012)

Multifaceted role managing contracting process, overseeing an active slate

of litigation, monitoring and responding to regulatory developments, and

supervising the Legal Department Associate Counsel, paralegals, Contracts

Manager and Quality Control Department. Key collaborator in driving

internal investigations and audits. Counseled Human Resources Department.

Key Accomplishments:

. Defended high-profile regulatory proceedings, including drafting

briefs in-house and arguing before HUD.

. Rapidly resolved most cases filed against the company in less than 180

days.

. Navigated a class action suit to a resolution in four months for less

than $30K including defense costs.

. Drove state regulatory proceedings involving 28 internal parties with

divergent interests and exposures to a favorable resolution at less

than 10% of initial financial demand.

. Championed RFP process resulting in competitive bidding for

origination, closing, and title services as well as internal audits.

Chan Law Group Los Angeles, CA 2008 to 2009

Partner

Supervised Litigation Department of small intellectual property boutique.

Indymac Bancorp Pasadena, CA 2006 to 2008

First Vice President & Head of Litigation

Managed five-person Litigation Department overseeing all defensive

litigation, pre-dispute counseling, settlement negotiations, legal intake,

subpoenas, and management reports.

Heller Ehrman, LLP Los Angeles, CA 1996 to 2006

Shareholder (2001 - 2006)

Associate, Litigation Department (1996 - 2001)

Member of prestigious AmLaw 50 firm's Litigation Department with a broad

complex litigation practice emphasizing antitrust and financial services

litigation. Represented clients in diverse industries (e.g. financial

services, technology, consumer products) in MDL proceedings, class actions,

and private attorney general actions.

Latham & Watkins Los Angeles, CA 1990 to 1996

Associate, Litigation Department

EDUCATION

Juris Doctor Boston College School of Law Chestnut Hill, MA (Cum Laude)

Member, Boston College Law Review

Assistant Coach, Men's and Women's Swimming

Bachelor of Arts in English University of California at Los Angeles Los

Angeles, CA (Cum Laude)

BAR ADMISSIONS

State of California

United States District Courts for the Central, Southern, Northern & Eastern

Districts of California

Solicitors Regulation Authority for England and Wales

PROFESSIONAL AFFILIATIONS

Association of Corporate Counsel, Financial Services Committee 2009 to

2012

Eisner Pediatric and Family Medical Center, Board Member 2004 to 2012

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