Post Job Free

Resume

Sign in

Mortgage Assistant

Location:
Washington, DC
Salary:
150,000
Posted:
January 19, 2020

Contact this candidate

Resume:

Steven B. Nesmith, Esq.

adbcqe@r.postjobfree.com 202-***-**** 11318 Robert Carter Road Fairfax Station, VA 22039

Areas of expertise: Financial Services/Bank regulatory Mortgage/Housing

International Trade Global Government Affairs corporate management/operations

International C-Level Executive with the proven ability to communicate a vision and execute on a strategy by driving rapid growth plans; formed private/public partnerships to increase market share and top and bottom-line profit for a subsidiary of a publically traded global company with a $1 billion market cap, $400 million in revenues and 2,000 employees.

Turned around 3 unproductive Fortune 500 business units reversing 3 years of flat or declining revenue.

Merged three business units creating to create a national platform to serve clients in all 50 states.

Driving dynamic business growth, increasing commercial revenue 60% and market share 20% in 19 months.

Instrumental in driving strategy and leveraging relationships in the acquisition of Goldman Sachs’ and Barclays’ mortgage subsidiaries creating the largest non-bank owned US mortgage servicing company.

Expanded mortgage servicing portfolio $7.3B (18%) by leveraging synergies between private sector and government entities.

Increased market share and revenue in distressed residential/commercial assets area by forging alliances with Wall Street financial services firms, global mortgage banks, federal government entities, Fannie Mae, Freddie Mac, international investors, and private equity groups.

Leveraged international fair trade agreements that opened markets for US products and services.

Devised strategy to gain foothold in emerging countries, growing company’s global platform by marketing quality service, competitive pricing, and proprietary business technology for top- and bottom-line gain; helped negotiate extension of the Trade Adjustment Act, resulting in $1.1B in training and cash benefits for dislocated workers related to trade imports.

Transformation Leader As a private sector COO and COO of a City agency, has executed organization-wide change and led a senior management teams to optimize operational goals and energized staff to exceed goals set by the Board of Directors.

Led high-performing, international financial recovery team that doubled contract opportunities for corporate clients by forming US and international private-public partnerships in a difficult global regulatory and restrictive legislative environment.

Negotiated settlement between HUD, Congress, and two of the largest companies in the US to resolve long-standing operational and management issues concerning a $9B contract.

Co-managed $3B+ in community investment activities nationwide; improved and maintained congressional, intergovernmental, and industry relations; oversaw 110 employees at HUD’s 10 regional locations and 81 field offices across the country.

Juris Doctor Law Georgetown BA, Criminal Justice American University

Professional Overview

Capital Mortgage and Financial Services LLC, financial services, banking, mortgage/housing, title insurance industries.

CEO 2016- Present

Manage the day-to-day operations/management activities of the company, and provide counsel to corporate CEOs and executive managers on restructuring and realigning company operations to maximize efficiencies that result in better bottom-line performance.

Consultant to CEO’s and senior executives on regulatory and compliance matters related to the mortgage, housing/real estate and title insurance issues related to federal regulatory and compliance rule-making before the U.S Justice Department, Commerce Department, Consumer Financial Protection Bureau, US Department of Housing and Urban Development and the U.S. Treasury Department, OCC, FDIC, the Federal Reserve and other regulatory agencies.

REED SMITH LLP - international law firm focused on regulatory, compliance and legislative matters. 2015 - 2016

Legal Counsel

Member of the Global Regulatory and financial Services Group with focus on representing US and international banks, financial institutions and non-bank mortgage servicing companies.

Ticor Title, a division of Fortune 500 company Fidelity National Financial, the #1 title insurance company globally.

Chief Operating Officer 2012 - 2014

Managed all business development and regulatory matters, with full P&L responsibility 95 million, this division including managing the Washington, D.C. office and all international business efforts. Report to the Board of Directors.

Recruited to revitalize 2 underperforming subsidiaries and have exceeded the Board’s expectations across all metrics.

Created and implementing strategic operating plans; expanding channel networks with large U.S. and international banks, non-bank mortgage servicers, REITs and residential/commercial investment funds resulting in increased revenue and profitability.

Page Two of Three

Steven B. Nesmith, Esq. adbcqe@r.postjobfree.com 202-***-**** Page Two of Three

Ocwen Financial Corporation, an international company and the largest non-bank mortgage servicing company in the US. 2010-2012

Senior Vice President for Government and Business Development and Assistant General Counsel

Proved vital to financial services holding company in leading a 70-person team focused on US and global Government and business development initiatives including all regulatory/compliance issues related to building out new business units.

Member of senior team initiating, negotiating and closing largest acquisition in company’s history.

Managed P&L budget of $10.5M for global growth initiatives focused on private sector and government business.

Directed strategic teams handling government, regulatory, compliance and private sector agreements to close the $1.3B acquisition of a Wall Street mortgage servicing business unit; led international and US teams on a multi-million-dollar bank REO distressed asset contract with the FDIC and created strategic public/private partnerships for contract and new acquisitions

Diversified business offerings to include mortgage servicing, residential and commercial asset management, loan origination, and property valuation services for multi-office locations in the US and global operations. Increased operating profits 40%.

International Law Firm of Holland and Knight, law firm representing financial institutions and international banks. 2008-2010

Partner and Leader of the Firm’s Financial Recovery Group

Built a US and international platform that aided in growing corporate client’s bottom-line by establishing private/public business partnerships; only group firm-wide to double revenue during economic crisis from $2.5M to approximately $5M.

Excelled in new market, low-income housing, renewal communities and empowerment, and historic preservation tax credits incorporating for-profit and non-profit developers and tax syndicators.

Pursued global government initiatives, presenting trade and economic development projects to foreign countries; specialized in negotiating free trade agreements with funding initiatives with the World Bank and International Monetary Fund.

Advised international financial institution with $500M in revenue and $1B market cap on projected transformations to company’s lines of business due to European-proposed regulation on financial markets.

Law Firm of Blank Rome, law firm focused on representing US and international corporate clients concerning business opportunities. 2006-2007

Partner and Leader of Housing/Mortgage Team

Added $5.8M in annual revenue, establishing a national and worldwide housing/mortgage and financial services platform with a focus in Africa, Russia, and Asia; formed business relationships to expand growth in overseas markets 30%.

Oversaw international free trade agreements between the US and multiple countries.

US Department of Housing & Urban Development, largest government agency specializing in housing/real estate market. 2003-2005

Assistant Secretary/Sub-Cabinet Member

Shepherded department interfacing with the White House, interagency groups, elected officials and industry representatives.

Collaborated with the office of general counsel and program offices in establishing more preeminent agendas for community investments and the regulatory and legislative tactics.

Achieved risk management, removing all HUD programs from the government accountability office by implementing tactics for efficient expenditure of taxpayers’ dollars.

US Department of Commerce Economic Development & Administration, federal economic development agency. 2000-2002

Deputy Assistant Secretary for Economic Development and International Trade

Co-managed $200M annual community investment budget and $1.5B investment portfolio for agency’s six regional offices comprised of 175 professional employees spread nationwide.

Negotiated with the commerce department and union leadership to evolve organization; spearheaded projects with industry groups and the office of management to persuade congress to re-authorize the agency.

Rolled out balanced scorecard strategy management system while directing EDA’s national operations, offices of congressional and intergovernmental affairs, public relations, technical research, auditing division, and executive secretariat procedures.

Performed principal representative with the White House, OMB, and Capital Hill on trade promotion authority legislation.

Member of the Commerce Department’s White House interagency task force for post-9/11 recovery, leading investment of $200M+ annual community budget and $1.5B portfolio as well as deploying 175 professional across the country.

Page Three of Three

Steven B. Nesmith, Esq. adbcqe@r.postjobfree.com 202-***-**** Page Three of Three

Legislative Strategy Group, LLC focused on representing Cities and States including international governments. 1999 - 2000

Senior Counsel, Corporate Lawyer/Lobbyist

Focused on creating public/private partnerships to represent foreign countries with the goal of securing funding from the World Bank, International monetary Fund and support from the US Congress for large economic development in West Africa.

Represented Cities and States in Washington, DC to obtained federal appropriations funding for housing, transportation and infrastructure and other related projects.

Philadelphia National Empowerment Zone, local-based government agency focused on regional economic development. 1997-1998

Chief Operating Officer/Director of Operations

Led 400 employees and 5 departments in the empowerment zone agency (regulated by HUD) and held accountability for city-wide business groups, such as Chamber of Commerce, and community organizations targeting economic development issues.

Devised and executed agency’s reorganization plan, realigning key personnel to focus on measurable results; led to US HUD Inspector General’s Office giving the agency a “very improved” management rating and 100+ new businesses relocating or expanding into the area, stimulating economic development investments.

Advocated for business tax breaks and other tax incentives; and implemented a strategy to construct and launch 100 new businesses in impoverished and distressed areas.

Boards and Commissions

National Housing Policy Council, Former member of the Board of Trustees

Pennsylvania Business Bank, Philadelphia, PA., Former member of Board of Directors

White House U.S. Commissioned Officer, Unanimously confirmed by the U.S. Senate

Pennsylvania Bar Association, Former member of Board of Governors

U.S.-Mexico Bi-National Board focused on Cross-Border Economic Development and Environment issues, Former member



Contact this candidate