Dennis L.

James
E-Mail: dj646632@westpost.net
Phone: 972-672-2744
Loss Mitigation Professional
Summary
Banking professional with more than 20 years of relevant experience in the mortg
age and financial services industry. Extensive mortgage servicing background pr
imarily in the areas of collection, foreclosure, bankruptcy, loss mitigation and
loan recovery. Experienced in all forms of lost mitigation techniques includin
g short-sales, loan modifications, forbearance agreement, deed-in-lieu analysis
and deficiency recovery. Litigation experience in both pre- and post-judgment a
reas on a nationwide basis.
EXPERIENCE HIGHLIGHTS
Extensive, nationwide experience in the areas of collection, foreclosure, bankru
ptcy, mortgage deficiency recovery and loss mitigation.
Experienced in portfolio and individual file review with emphasis in confirming
compliance to state foreclosure, bankruptcy and collection laws, preservation
of deficiency rights, collect-ability and identification of mortgage loan fraud
.
Excellent oral and written communication skills with direct negotiation experien
ce with debtor(s) and debtor counsel.
Experienced in litigation referral, monitoring, mediation, trial preparation and
testimony.
Managed the recovery of over $75ml in collections from charged-off assets for su
ch notable entities as Fannie Mae, Freddie Mac, the FDIC, private mortgage insur
ers and many national lending institutions.
Spoke at FFN Round Table Conference on "Mortgage Fraud" - Boston, Ma. 2005.
Maintain an active Texas Realtor License.
RELEVANT WORK EXPERIENCE
Realtor/Investor - Real Estate Services Addis
on, Texas 2006 - Present
Provide acquisition, valuation and marketing advice to individual and corporate
clients concerning residential and commercial real estate. Private investor inv
olved in the acquisition, rehab and resale of residential properties. Also prov
ide consulting services with debt buyers concerning evaluation and collect-abili
ty of note portfolios. Maintain an active realtor's license with Keller William
s Realty.
Senior Vice President/Principal Dyck-O'Neal, Inc. Addison, Texas
1990 - 2005
Recovery Manager/Litigation Coordinator - managed nationally recognized loan rec
overy operation involved in the collection and servicing of mortgage deficiencie
s, first and second lien mortgage notes, and workout loans. Provided training a
nd management of loan workout personnel in all aspects of loss mitigation and lo
an recovery processes. Established and provided direct oversight of nationwide
network of legal counsel.
Top recovery performer annually in 14 of 15 years.
Increased gross recovery revenue by 150% during first year with operation.
Drafted, implemented and monitored state-by-state recovery procedures which, alo
ng with national expansion, increased gross annual collections from $.5ml to mor
e than $13ml.
Personally maintained an active, ongoing portfolio of 150+ litigation matters na
tionwide and successfully resolved by negotiation over 4000 matters.
Negotiated fee based legal services nationwide reducing expenses 25-35% annually
.
Successfully negotiated thousands of cash and notes settlements with borrowers,
attorneys, realtors, investors and mortgage insurers.
Vice President Benjamin Franklin Savings and Loan Assn. Houston, Texas
1987 -1990
Recovery Manager - Managed daily operation of loan recovery department servicing
various charged-off loans including mortgage deficiencies, secured and unsecure
d second lien notes and various small business and consumer loans.
Established one the first successful mortgage deficiency programs in the country
.
Promoted to corporate vice president within the first six months of employment.
Established strategic alliance with mortgage insurer MGIC in pursuit of deficien
cy recoveries which dramatically reduced expenses and claim losses.
Increased repossession rate by 40% on previously charged-off collateral includin
g automobiles, real property, mobile homes, etc.
Servicing Analyst PMI Mortgage Insurance Company Dallas, Texas
1987- 1987
Provided loss mitigation and policy guidance to mortgage servicers concerning co
nventional Fannie Mae, Freddie Mac and private investor mortgage loans. Provide
d policy guidance concerning primary and pool insured loans.
Supervisor Foster Mortgage Corp Fort Worth, Texa
s 1985 - 1987
Supervisor of collection personnel and monitored loss mitigation efforts.
Established the "short-sale" program in cooperation with mortgage insurers which
successfully reduced foreclosure rates and investor and MI losses.
Education
Bachelor of Arts Degree - Education University of Northern Iowa Cedar Falls
, Iowa
Associate of Arts Degree Southwestern Community College Creston,
Iowa
Active Texas Real Estate Agent License #0581372