Davidg1

Professional Overview

I am a logical analytical and detail oriented problem solver with excellent organizational skills. I have successfully developed and implemented policies, procedures and processes to improve corporate results. I have over 14 years of mortgage banking experience. I have experience in derivative and hedging activities.

I am skilled in implementing accounting systems and loan origination systems. I have strong leadership qualities and I am not afraid to roll up my sleeves and get the job done. I have experience in auditing, GAAP compliance, treasury activities and financial analysis. I have modeling experience with budgets, financials and compensation. I have performed oversight for payroll and administration of 401K plans. I have instituted Cash management programs and developed loss estimated valuation reports on construction loans. I have financial restatement experience. I have assed corporations for possible accounting for fees and costs under FASB 91, consolidation under FASB Financial Interpretation No 46R and Foreign Currency Translation Calculation per FASB 52.

Professional Accomplishments

• Directed corporate information technology functions and implemented a loan origination system.

• Computerized secondary marketing department, establishing a pricing mechanism.

• Analyzed servicing system and set up new servicing system.

• Developed forecasting, break even analysis and cash flows for clients.

• Implemented a loan level accounting system and coordinated all negotiations with warehouse lenders and creditors.

• Created a loss estimate valuation report of construction loans and projected possible risk in the portfolio.

• Successfully reconciled two years of financial information for a restatement project

• Created compensation models for all departments with an emphasis on rewarding performance.

• Implemented and maintained compliance with GAAP.

• Negotiated warehouse lines and other bank lines of credits.

• Negotiated and received additional capital for a federal thrift (preferred stock transaction).

• Directed all treasury activities to insure adequate working capital.

• Created innovative commission structures.

• Designed and wrote quality control manual and directed the development of manuals for secondary, accounting, underwriting and closing.

• Led management team that received approval from the Office of Thrift Supervision to open a federal thrift.

• Spearheaded implementation of information package that resulted in the company receiving the E&Y Entrepreneur of the year award. This award generated free radio and print advertising.

• Designed analysis illustrating trends and comparisons with the company and the industry.

• Successfully handled IRS audits with assistance of a Tax accountant and saved the company millions.

• Audited Wall Street Bond houses and analyzed security positions.

• Developed departmental and branch budget models.

• Setup accounting policy and procedures for a New Home Builder corporation.

Professional Profile

JDM Services Inc – Project Professional

Platinum Home Mortgage Corporation – Chief Financial Officer

Majestic Mortgage Corporation – Accounting Manager

Barret Manufacturing Corporation - Controller

Durakut International Corporation – Controller

Kollisar and Company CPA – Auditing Manager

Lopez, Edwards, Frank and Company, CPAs - Auditor

Individual Securities, LTD – Controller

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