Assistant Manager Team Lead

Ernesto D’Angelo

**** ****** ******, ******** ******, NY 11010

917-***-**** • **********@*****.*** • www.linkedin.com/in/erndangelo Seasoned mortgage professional with extensive mortgage credit expertise. Proficient in performing fundamental collateral, compliance, credit and value analysis as well as the design and implementation of credit risk management, servicing oversight and value-driven solutions applied to the management of defaulted mortgage portfolios

• Data Analysis • Due Diligence • Compliance • Surveillance • Reporting • Operations

• Project Management • Relationship Management

CREMAC June 2011 - present

Director

• Manage analytics team on 900B CMBS portfolio. Identify profile loans for clients to re-purpose, re-position, PIP scenarios, FAR opportunities and bridge lending options

• Team lead for oversight on FDIC RMBS securities and wholly owned loan portfolios

• Interface with IT to establish boutique reporting catered to client needs

• Cold call commercial banking institutions for the purpose of acquiring CMBS product Risk Management Group – RMG January 2006 – February 2011 Sr. Director of Credit Risk Management Division

• Charged with day-today operations of Credit Risk Management Division and the oversight of 400K securitized RMBS loans with an aggregate principal balance in excess of 90B

• Chief architect for the development of departmental procedures; established parameters for reconciliation work flow, quality assurance checks, data integrity, loss scheduling and forensic reviews

• Collaborated with IT to develop task specific programming and full automation of CRM analysis; reduced process time by 75%

• Interfaced with client, Master Servicer, Servicer and Trustee to discuss findings related to delinquent loans as they relate to the potential breach of Reps & Warranties. Prepared full substantiation for put back/recourse positions

• Provided internal tutorials to Junior analysts regarding acceptable servicing standards, property value reviews, default milestones and liquidation/charge-off processes Ernesto D’Angelo • **********@*****.***

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UBS Investment Bank November 2004 – September 2005 Due Diligence Manager

• Managed due diligence on awarded Scratch and Dent, Bulk, Mini-Bulk and Loan-by-Loan trades

• Executed on over 900M Scratch and Dent trades; 69% of trades facilitated inside of 30 days and 51% facilitated within 25 days

• Analyzed due diligence results. Provided loan level critique, pricing grades, product conformity to UBS guidelines and Servicer conformance to regulatory compliance standards for trade desk

• Procured remedies for compliance and credit exceptions and determined validity. Tied-out and finalized transactions

• Vetted new due diligence vendors

• Reconciled property value discrepancies with counterparty The Clayton Group August 2004 – November 2004

Team Lead for UBS Investment Bank

• Facilitated entire due diligence process for Scratch and Dent trades awarded UBS

• Managed due diligence on approximately 20% of UBS Prime / Alt-A trades Franklin Credit Management Group October 1999 – May 2004 Senior REO Asset Manager

• Managed nationwide REO portfolio

Citicorp Securities April 1994 – August 1998

Assistant Manager, Capital Markets Operations – Mortgage Finance Division

• Coordinated and controlled 50 loan servicing institutions as part of the management of a 40M REO portfolio and a 120M non-performing loan portfolio Education

Bachelor of Science, St. John’s University, Jamaica, NY

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