Manager Management

Paul Saperstone

*** **** ***** ***, **** Beach Gardens, FL 33418

****@**********.*** ● 561-***-**** ● https://www.linkedin.com/in/psaperstone EDUCATION

Cornell University, Johnson School of Management, Ithaca, New York – MBA, Finance Clark University, Worcester, Massachusetts – Computer Science COMPUTER SKILLS

• Agile/Scrum – ALM tools (Jira, Rally), Virtual tools (Trello, Scrumblr), Scrum process – release planning, sprint planning, stakeholder interviews, requirement gathering and conversion to user story process, backlog prioritization and stor pointing, sprint review & retro. MSFT Visio.

• Ruby, Ruby on Rails, JavaScript, SQL, JQuery, AJAX, JSON, RESTful APIs, HTML, CSS, AngularJS, Git

• MSFT applications including advanced MS Excel skills (Pivot Tables, VLookUp, Formula’s, Macros, etc.), Factset, Bloomberg, MS Access.

• Undergraduate degree in Computer Science – ability to learn and implement new programming or script/macro languages quickly.

FINANCIAL ANALYSIS EXPERIENCE

GOLDMAN SACHS, NEW YORK, NY (Experis consultant) Sept 2013 – December 2016 Lead Consultant – Consent Order to the National Mortgage Settlement (NMS) Fulfilled the responsibilities of a Business Analyst while providing critical subject matter expertise of the distressed mortgage asset market to the GS Bank internal audit team responsible for complying with the Consent Order with the Federal Reserve Bank.

Principal Responsibilities:

• Develop standards and procedures to maximize economic returns while ensuring compliance for underwriting consumer mortgage modifications, loss mitigation activities, and permanent relief actions to borrowers for credit against the $195m penalty levied against Goldman Sachs (GS).

• Interview the various stakeholders (internal audit, realty management division, mortgage servicing) to document and communcate their business process goals and challenges and assist in identfying challenges to integrate stakeholder requirements during the system implementation lifecycle.

• Utilized various software tools such ALM for planning and sprints, and Visio for diagramming business process analysis and workflows.

• Created valuation methodologies to complement systems and reports to fully analyze, document, and audit the loss mitigation economic decisions made by GS and executed by the Servicer (Ocwen) for all loans impacted by the settlement.

JP MORGAN CHASE, ARLINGTON, TX (AMO contract employee) June – Dec 2010 Sr. Loan Underwriting Team Leader/Manager

Managed the comprehensive loan modification underwriting process of a $150b (in UPB value) consumer mortgage portfolio. The loan modification and forbearance programs were government HAMP programs or Chase proprietary programs targeting the mortgage loans owned and/or serviced by JP Morgan Chase. Principal Responsibilities:

• Economic analysis and risk assessment of borrower income and asset/liability profile for mitigation programs. Qualification process included credit check, lien and title review, escrow analysis, recapture of allowable fees and expense, adherence to program waterfall guidelines, and HTI / DTI requirements.

• Manage and maintain an active portfolio of loans with the goal of profit maximization. Authority for modification approvals and responsibility to meet production quotas on both a weekly and monthly basis. BANK OF AMERICA, RICHARDSON, TX (AMO contract employee) March – June 2010 Servicing Team Manager - Loss Mitigation

Managed multiple teams of up to 25 Loan Servicing Specialists with the directive to resolve delinquencies and minimize losses to the mortgage portfolio. Effective execution of responsibilities required an understanding of government loan/modification programs, GSE loan servicing requirements, strong negotiation skills and the ability to analyze and evaluate both borrower and collateral. Principal Responsibilities:

• Resolutions include loan modifications, stipulated agreements, forbearance agreements, and legal settlements.

• Knowledge of HAMP, HAFA, and 2MP loan modification programs including all program rules and regulations, as well as investor and servicer guidelines and requirements.

• Knowledge of all loan products including Atl-A, ARM’s, and negative amortization loans.

• Understanding of workout strategies and options including conventional and FHA modifications, deed-in-lieu, short sales, repayment plans, and repurchase provisions.

• Ability to learn federal and state laws and compliance requirements related to loan servicing, investor guidelines, and mortgage insurance guidelines.

CITIGROUP, IRVING, TX (Jefferson Wells/Experis consultant) June 2009 – February 2010 Mortgage Service Analysis & Audit – TARP RingFence Initiative I provided mortgage service operations oversight of the residential portfolio for the purpose of maximizing economic return of the distressed assets covered under the Citigroup TARP agreement with the Federal Government. The portfolio was comprised of 1.4m loans in default which exceeded $250b in aggregate value eligible for TARP reimbursement. Service lifecycle management responsibilities included default determination, loss mitigation and workout strategies including loan modifications, short sale management, foreclosure auction process, and REO disposition including bulk REO sales.

• Oversight of the loan servicing life cycle and analysis of loss mitigation strategies resulting in business process improvement recommendations to determine that mortgage assets and/or collateral were maximized.

• Developed internal default asset management procedures and create/implement changes with the software development team.

• Review financial accounting procedures – collateral property valuation methodologies, write down reserves and reversals of reserves, estimates against realized losses, and final charge offs/net credit losses.

• Audit servicing performance and the internal process for asset disposition. This review allowed optimal selection of valuation tools and third party vendors. Loss Mitigation management:

• Ensure the mortgage service lifecycle requirements were handled properly at the appropriate milestones (30, 60, 90, 120+ days past due) including workout resolution according to various state and federal rules and regulations.

Loan Modification:

• Review both investor/lender and government requirements for program qualification and approval including confirmation of borrower financials and compliance with HAMP and MHA modfiication program rules. Short Sale:

• Review equity analysis and collateral valuation information to determine short sale threshold acceptance levels, work with borrower representatives and internal business units to monitor purchase offers, price reduction schedule, and adherence to internal business unit requirements. Foreclosure:

• Oversight of the entire mortgage service lifecycle to ensure foreclosures were handled properly in terms of escalation through each time period including required legal notices and abiding by all governing state laws and requirements for the subject property.

REO Sales:

• Execute REO procedures from property possession to Execution of Offer including adherence to timeline requirements. Approve REO property valuations, including monthly reviews of valuation methodology with relation to geography, days on market, property condition, and property type. Audit sampling of REO property bid packages prior to distribution to outside prospective bidders including TAPE review/property lists, bid instructions, contracts, and bidder registration materials such as Letter of Intent components, Proof of Funds, timing/deadline/closing requirements, etc.

CAPITAL MARKETS EXPERIENCE

PHS CAPITAL CONSULTANTS, PALM BEACH GARDENS, FL Jan 2011 - Aug 2013 Employed by Frank W. Geller of West Palm Beach, FL as an exclusive private family wealth manager where I was responsible for the management of all family related public and private assets, and retained as a full-time investment analyst to monitor existing as well as generate new investment ideas across all asset classes. THOMAS WEISEL PARTNERS, Boston, MA 2000 – 2004

Principal – Lead Analyst

Lead analyst for a $110m long/short value-based hedge fund with responsibility for investment ideas across all sectors and industries. The fund performance returned +38% during my tenure while the S&P 500 was down

(-32)%. Generated long and short investment ideas with a high level of conviction where conclusions were supported by fundamental analysis, quantified price targets, and identifiable catalysts. Established and/or maintained relationships with 100s of company managements, Wall Street analysts, and industry contacts through frequent conversations, emails, and meetings. Occasionally participated in private equity opportunities.

• Extremely strong financial analysis skills. Able to rapidly read, interpret and create detailed historical and predictive financial models.

• Experience covering multiple industries including technology, banking, retail, basic materials, and energy.

• Responsible for producing and presenting quarterly industry reviews. JOHN HANCOCK FUNDS, Boston, MA 1999 – 2000

Sr. Equity Analyst

Led the technology research team including a team of (4) Equity Analysts and managed all investment decisions including $2b+ of assets under management within the technology sector. STATE STREET RESEARCH & MANAGEMENT, Boston, MA 1994 – 1999 Equity Analyst

Performed investment analysis as a central research analyst covering multiple technology sectors over (6) years including: Computer Hardware, Storage, Enterprise Software, Networking & Telecommunication Equipment, Semiconductors, Semiconductor Capital Equipment, Internet Infrastructure, Security, and Entertainment Software. Provided investment recommendations and supported portfolio managers of different investment disciplines from value to aggressive growth for investment products of all market capitalization sizes from $50million to $40billion. COMPUTER EDUCATION

WYNCODE ACADEMY, FORT LAUDERDALE, FL April - June 2016 An intensive 9-week hands on coding program to enable a full stack developer skillset. Agile development, lean startup methodologies, pair programming, mini Hackathon’s, and weekly projects. Skills acquired/acquiring:

• Ruby, Ruby on Rails, JavaScript, SQL, jQuery, AJAX, JSON, RESTful APIs, Git/GitHub, HTML, CSS. PALM BEACH CODE SCHOOL, PALM BEACH GARDENS, FL Oct 2015 – Feb 2016 An introductory class to the tools and concepts of the web. Skills/Basic knowledge acquired:

• HTML, CSS, JavaScript, jQuery, AngularJS, PHP, MySQL, SQL, WordPress, Bootstrap. FINANCIAL SKILLS

• Valuation Analysis, Income Statement – Balance Sheet – Cash Flow Analysis

• Business process understanding due to exposure of a wide variety of industries as an equity analyst. CERTIFICATIONS & COMPETENCIES

• Mortgage-Backed Securities, Securitization, and Whole Loan expertise

• Distressed Debt knowledge, Capital Markets experience

• Formerly held Series 7 and Series 63 licenses.

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