Risk Management Regulatory Compliance

Patrick F. Shea

Telephone: 760-***-**** Email: ************@*****.*** URL: LinkedIn Profile

QUALIFICATIONS:

I am a leader with a proven track record with over 20 years in the Mortgage and Consumer Banking, and Fintech Industries, with a targeted emphasis in Regulatory Compliance and Risk Management, including but not limited to:

• State and Federal Regulatory Compliance

• GSE/Consumer Loans/Non-QM/Banking/Fintech – Auto, Personal, and Credit Cards

• Operational Risk Management & Risk Assessments

• Vendor Management – Assessment (KPI) & Due Diligence

• SOX Minimum Capital Requirements (Addresses credit, operational and market risk)

• Examination Management – Audit Function (State and GSE & Federal, CFPB)

• Fraud Examination and Fair Lending Controls & Assessments

• Risk Appetite and Control Self-Assessment (RCSA) TCPA, Marketing Review & Approval

• AML/CFT Officer – CIP, KYC, SAR, OFAC, Risk Assessment - (FinCEN)

• Quality Control – GSE, CFPB, Safe Act, and Investor Guidelines

• Credit & Underwriting – Annual Compliance Training Program, CMS, Audit Fuction

• Loan Originations and Servicing – GSE, CFPB, Escrow, Foreclosure, FDCPA

• Default Management – Loss Mitigation, Forbearance, Modification, SPOC, HAMP, HARP, HAFA

• IT Management/Development, and Project Management PROFESSIONAL EXPERIENCE:

The Compliance and Risk Managers – Vista, California June 2023 – Present

Chief Compliance Officer and Chief Risk Officer; handling various Regulatory issues/research, Risk Assessments, AML/CFT, Advertising & Social Media Reviews/Assessments. CMS, Fair Lending, and Fraud review. OFAC, and SAR training/filing. Compliance Audit Testing, setting up or revising their CCPA portal, and updating Policies and Procedures library for our clients.

Majestic Home Loans – Ontario, California

June – 2022 – July 2023

Chief Compliance Officer, Regulatory Compliance, Operational Risk Management, AML/CFT Officer & SAR filing, Vendor Management, Exam Management, Contract Negotiations, Fraud Investigation, updated CCPA portal, building out Compliance Management System, approve advertising and social media posts. Updating the Policies and Procedures library, oversee interim servicing and sub servicer CIS, licensing, reporting, all consumer complaints, established Compliance Training program, and building out a Compliance Department. Reporting to its President, and Regulators. Inspire Home Loans Inc – Newport Beach, California March – 2021 – June – 2022

Chief Compliance Officer, Regulatory Compliance, Vendor Management, Exam Management, Contract Negotiations, Fair Lending review, Fraud Investigation, built out the overarching Compliance Management System. Oversaw interim servicing and the sub servicer LoanCare. Approved all the advertising and social media posts. Updated the Policies and Procedures library, oversee servicing, licensing, updated Compliance training program, Fair Lending, reporting, monitored CCPA portal, all consumer complaints, built out the Compliance Department. Reporting to its General Council, and Regulators. Zense Financial, Inc. – Aliso Viejo, California

November 2018 – November 2021

Chief Compliance Officer and Chief Risk Officer at Zense Financial, Inc.; Overseeing Risk Management and the related fields such as: Regulatory Compliance, Operational Risk Management, Examine Management, Default Management, AML/CFT Officer & SAR filing, Fraud Investigation, setup CCPA portal, Fair Lending, and Quality Control. Implemented the overarching Compliance Management System, Setup testing, training, and reporting to its Board of Directors, Regulators, Investors. Zense is a Fintech blockchain platform for getting your next loan. Whether it’s a car or school loan, mortgage, or credit card, we’ll get you funded through the power of blockchain and AI dubbed “Your last loan application, Ever! Tri-Emerald Financial Group, Inc. – Aliso Viejo, California March – 2016 – March 2021

Chief Compliance Officer and Chief Risk Officer at Tri-Emerald Financial Group, Inc.; Overseeing Risk Management and the related fields such as: Regulatory Compliance, Operational Risk Management, AML/CFT Officer & SAR filing, Licensing, Fair Lending, interim Loan Servicing, Examine Management, Default Management, Fraud Investigation, setup CCPA portal, Quality Control and Government Risk. Implemented the overarching Compliance Management System, Established testing, Compliance training program, and reporting to its Board of Directors, Regulators, Investors and Business Partners. Also responsible for the overall risk of its sister companies. CONSULTING – Vista, California

September 2013 – March 2016

Partnered with IA to test SOX and Compliance controls, auditing business process and provided subsequent reporting. Created and updated Compliance Policies and Procedures for originations, interim and default servicing, including Dodd Frank and part of TRID. Prepared Regulatory Compliance Audit Checklists, Exam Management Checklists, and tracking tools. Assisted in creating a GSE/FHA/VA servicing footprint. Built Vendor Management Program, including Policies, Procedures, Audit Checklists and tracking. Developed ECM’s “Enterprise Compliance Management Control Documents” on end-to-end processes. Assisted in the development of a pricing and HMDA tool. PLAZA HOME MORTGAGE, INC. – San Diego, California & Richmond, Virginia August 2010 – May 2013

Corporate Quality Control, Broker/Correspondent Interim Servicing Manager: Managed three departments simultaneously; one team of 10 in audit, team of 4 in Broker Correspondent, and another 2 in servicing. Managed various vendors that supported Risk, Fair Lending as well as Operations. Re-designed Pre/Post Closing Audit workflow and monthly reporting to the branches and executive levels. Developed a standardized loan defect rating methodology, RCSA on operations and underwriting, Pre/Post Funding Checklists, and handled all Investor, GSE & UDDAP audit issues. Worked with Regulatory Compliance Staff, worked on Regulatory Exam, and ROE Response. AML/CFT Officer & SAR filing, implemented broker training for Branch personnel and Regional Managers. Restructured Broker approval department on revising the broker approval process. Oversaw interim servicing and managed our internal and sub servicer DMI. Set up a random & target specific audits on brokers, underwriters, and loan originators. Trained QC/BC staff on utilizing HUD Neighborhood Watch. Created and trained staff on Mortgage/Consumer Fraud & Red Flags. Used Fannie Mae Single/Multifamily resource webinars for ongoing QC/BC staff training. Vendor Management and Examine Management duties.

APR GROUP, LLC – San Marcos, California

August 2007 – August 2010

Vice President: Responsible for several banks and mortgage lender clients such as IndyMac Bank, Lenders Depot, The FHA Partners, The Compliance Group, L&G Mortgage, etc. Performed Examine Management oversight on various Audits; both Regulatory Compliance and Fair Lending, Quality Control Audits different clients. This would include second-line defense testing, re-sampling the TIL, Note, Disclosures, on FHA, VA, ARM, HELOC, Balloons. Assisted with examine management. In addition, worked on Loss Mitigation, Modifications, Foreclosure, Escrow, Flood, Hazard, and SCRA. Also have projects that included responsibility for the integration the Reverse Mortgage “HECM/FHA” and other FHA products into the Production line, Corporate Quality Control and Compliance Divisions. Implemented applicable procedures on the production end for the business units on FHA products in accordance with FHA guidelines obtained from the Code of Federal Regulations, following D.E. Underwriting principals, funding requirements, insuring process, NOR resubmissions, trailing documents, FHA, GSE compliance and servicing, and all other areas of producing FHA loans that are set forth by the U.S. Department of Housing and Urban Development. Highly skilled in FHA claim procedures and have very close working relationships with program managing executives at the U.S. Department of HUD.

Perform Loss Mitigation services, on files deemed a loss and/or Mortgage misrep reasons. Have conducted on-site branch audits, and off-site random Quality Control audits. Performed Compliance update reports for many clients on REGZ, FCRA, FDCPA, HOPEA, ECOA, HMDA, RESPA and, CIP/OFAC.

First NLC – Orange, California

March 2005 – August 2007

Vice President Regulatory Compliance & Development for nVision: Managed the West Coast Development Team and related vendors providing services. Worked hand-in-hand with IT Development Team, writing Audit and Compliance including SOX requirements to be built into automated custom Compliance, Quality Control and Internal Audit. Risk and Control Self-Assessment on lines of business, LOS and all Vendors. Assisted in maintaining the audit and compliance Loan Origination System (LOS) for required local, state, and federal legislation changes. Assisted in performing two major system upgrades to LOS to improve user functionality, system performance and to meet Quality Control and Internal Audit guidelines. Helped train company personnel for user acceptance on all system deliverables and assisted in the establishment of internal guidelines for both Quality Control and Internal Audit functions. Worked with the Corporate Legal team on multi-state and local municipality Regulatory Compliance issues and Examine Management procedures. APR GROUP, LLC – San Juan Capistrano, California

January 2004 – March 2005

Vice President: Company is a consulting group. Had multiple mortgage lender accounts that we performed Quality Control and Compliance Audits for. Specialized in audit of FHA, and GSE loans for both Corporate Internal Audit and Quality Control Divisions for purposes of allowing Corporate Internal Audit to leverage company-wide audit findings and effect change. PROVANTEDGE TECHNOLOGIES, LLC – Lake Forest, California October 2001 – January 2004

Regulatory, Agency Compliance and Quality Control Vice President: Managed all facets of regulatory state and federal compliance. Assisted in the designation of a self-populating informational screen at the loan level for users to view what is going to be reported, as well as making changes to that LAR record. Created an online Mortgage Resource Guide with basic multi-state and federal compliance laws to assist customer service representatives in order to better serve our clients, as they would call in with questions. Risk and Control Self-Assessment on the LOS as well as coordinated the regression testing. Worked with and managed all vendors utilized in the processes of my responsibilities. Trained the Quality Assurance personnel on how to input loans into the system to perform QC function, and so that there was a better understanding of how the calculations worked.

THE CLAIM SPECIALISTS – Valencia, California

November 1997 – October 2001

Vice President: Specializing in asset recovery for VA, FHA Title I and FHA Title II. FHA Title I and FHA Title II claim submittals to HUD. Have excellent working relationships with HUD, Washington D.C. Headquarters and the HUD, Albany Recovery Center. Heavy Quality Assurance and Compliance knowledge used for pre-claim auditing purposes. Performed recovery functions for distressed loans in areas such as Foreclosure, Workout’s, Bankruptcy situations. Received FHA Direct Endorsement designation from the U.S. Department of Housing and Urban Development. COMPU-LINK LOAN SERVICING, INC. – Lansing, Michigan July 1994 – November 1997

Vice President of Collection/Loss Mitigation/Loan Servicing: Performed Internal Audit functions and various Risk Assessments. Quality Control functions from loan origination and all the way through Foreclosure/Claim. Managed a staff of 35. Reporting directly to the President and its regulators. EDUCATION:

Accounting and Business Management, Fine Art – Ferris State University

Business Management Program – Lansing Community College

Risk Management and Fair Lending by MBA (7 sessions)

Regulatory Compliance Institute by MBA (6 sessions)

Internal Audit and Corporate Quality Control by MBA (9 sessions)

Fraud Examination and Internal Controls by MBA

Direct Endorsement Underwriting certification by Rain Cross/HUD (7 sessions)

Loss Mitigation/Servicing Seminars (9 sessions)

Experian - Fair Credit Reporting Act (FCRA)

Everything You’d Want to Know About HUD - FHA Title I and Title II Loan Servicing and Claims Seminar

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