Mortgage Banking

Bruce Forney

Frisco, TX ***** 818-***-**** *********@*********.*** linkedin.com/in/bruce-forney-820475234/ PERSONAL SUMMARY

Strategic mortgage banking executive with extensive experience specializing in repurchase risk, investor negotiations, loan due diligence, and secondary market operations. Proven ability to lead teams, mitigate financial exposure, and ensure compliance with purchase and sale agreements. Expert in managing EPD/early payoff reviews, resolving Representation and Warranty breaches, and driving cost-effective resolutions through data-driven analysis and strong negotiation. Trusted advisor in operational risk, portfolio oversight, and regulatory alignment. AREAS OF EXPERTISE

Repurchase Risk Management Investor Relations Mortgage Banking Loan Due Diligence Contract Negotiation Secondary Market Operations Risk Mitigation Portfolio Management Claims Analysis Regulatory Compliance Team Leadership Financial Analysis Operational Risk Management Strategic Planning Data-Driven Decision Making PROFESSIONAL HISTORY

Goldman Sachs, Dallas, TX

Vice President, Repurchase / Deal Management, April 2017 to April 2025

• Managed the review of early payment defaults and early payoffs for new origination purchases and sales to ensure exceptions are claimed timely and remedied in accordance to the purchase or sale agreement

• Negotiated claim settlements with buyers and sellers to minimize financial losses while preserving business relationships and adhering to contractual terms

• Managed the post purchase review of deficiencies identified during due diligence to ensure they are remedied or claimed for repurchase prior to the expiration of Reps and Warranties

• Managed the post transfer review of purchased deals to validate data integrity and confirm compliance with Representation and Warranties based discrepancies between boarded data versus the original trade data Nationstar Mortgage, Lewisville, TX

Repurchase Manager, September 2014 to March 2017

• Managed repurchase team that mitigated repurchase risk from investors by appealing claims with clear and concise counter positioning of facts

• Negotiated claim settlements with investors when appropriate to minimize losses

• Responsible for representing the company in the resolution of repurchase and impasse loans with investors

• Reviewed and researched investor claims to ensure they meet company and investor guidelines Solomon Edwards, Irving, TX

Reverse Mortgage Claims Consultant, April 2014 to September 2014

• Analyzed, Packaged, Posted and Prepared reverse mortgage default claims to HUD CitiMortgage, Irving, TX

Vice President Repurchase, March 2009 to December 2013

• Led risk mitigation activities on a portfolio of repurchase claims made to or by CitiMortgage

• Minimized exposure on repurchase claims from investors and/or MI companies or to counterparties within the terms and conditions of the governing purchase and sale agreement

• Mitigated risk through reasonable and sustainable counter-positioning of facts and strong positioning of issues and strong negotiation strategies. Responsible for re-underwriting loans on repurchase claims to determine if investor guidelines were met

• Negotiated remedies to offset exposure from repurchase utilizing delegated authority for decision making

• Evaluated counterparties’ financial strengths and weaknesses, create, and implement a resolution strategy and complete a cost/benefit analysis to determine a course of action Bruce Forney

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Ahmad Associates, Ltd. Vienna, VA

Consultant-Examiner in Charge, Small Business Administration (SBA) October 2007 to March 2009

• Managed the onsite operational risk-based review of banks and CDCs with a focus on portfolio performance, Small Business Administration management and operations, credit administration, compliance and operations

• Directed entrance conference with bank and Small Business Administration’s designated Senior Examiner to discuss the scope of operational risk-based review

• Prepared comprehensive review plans and submitted to Small Business Administration for approval

• Developed acceptable work papers and review/risk assessment reports in a timely manner

• Directed exit conference with SBA designated Senor Examiner and bank to discuss the results of the review

• Submitted risk-based review report to SBA with a summary assessment rating of either acceptable, acceptable with corrective actions required or less than acceptable with corrective actions required

• Reviewed sample files for compliance, collateral, and credit Countrywide Home Loans, Inc., West Lake Village, CA Vice President, Transaction Manager, Capital Markets June 2002 to September 2007

• Managed all aspects of whole loan sales and acquisitions for non-conforming, government FHA/VA, sub-prime and distressed mortgage assets

• Prepared and negotiated trade confirmations, bailee agreements and purchase and sale agreements

• Managed the underwriting, due diligence, property, and collateral reviews

• Managed the follow-up to clear credit, compliance, and collateral deficiencies

• Managed the transfer of seller reps and warrants from whole loan transactions to securitizations

• Analyzed due diligence results to ensure that all loans were eligible for securitizations or whole loan sales

• Developed and maintained relationships with counter-parties

• Managed the credit underwriting and credit risk analysis for whole loan acquisitions

• Managed investor and seller repurchase for loans that were rep and warrant violations

• Coordinated the transfer of servicing from seller and new loan set up and loan boarding

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ADDITIONAL RELEVANT EXPERIENCE

Mortgage Resource Network, Dallas TX

Independent Contractor

Accubanc Mortgage Corporation, Dallas TX

Secondary Marketing Manager

Pace Funding Company, Dallas TX

Secondary Marketing Manager

First American Real Estate Information Services, Dallas, TX Operations Manager/Project Manager of Tax Outsourcing Lomas Mortgage USA, Inc., Dallas, TX

Assistant Vice President of Portfolio Management, Marketing & Sales ACADEMIC CREDENTIALS

Stephen F. Austin University, Nacogdoches, TX

Bachelor of Science; Business Administration

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