Steven B.

Ross
Rowlett, TX 75089
(972) 412-1410 (Home)
(909) 263-8600 (Cell)
Special Skills
Expertise in the design, development and implementation of computer spreadsheets
. Software used:
Excel, Lotus 1-2-3, LSAMS (Loan Servicing System), Harvard Graphics, Powerpoint,
Emphasys (Asset Securitization model), Sendero (Asset/Liability Management mode
l).
Professional Employment
FANNIE MAE
BUSINESS ANALYST (Contractor)
2010-Present
Development, implementation and recommendation of credit risk standards for the
company's products and assets. Assessment of risks associated with the implement
ation of new initiatives, ie modification strategies. Determination of reporting
metrics to establish the success of new initiatives. Preparation of quarterly b
usiness reports to determine success areas and areas in need of improvement.
* Developed a mortgage servicing rights valuation model that is used to value s
ervicing rights purchased or transferred from other servicers.
* Acting as the liaison between Credit Portfolio Risk and the National Servicin
g Organization and the National Underwriting Center to generate quarterly busine
ss reports for the Credit Portfolio Risk division.
* Established a tracking system to effectively determine the representations an
d warranties that have been breached by a former servicer for which Fannie Mae h
as indemnification from the FDIC.
* Active participant in the design, development and implementation of a respons
ible party system to report on the selling/servicing representations and warrant
ies and which company is responsible.
FREMONT INVESTMENT & LOAN
ASSISTANT VICE PRESIDENT - STRUCTURED FINANCE
1999-2008
Managed settlement of loan sales, both whole loans and securitizations. Negotiat
ed contracts for loan sales, repurchase of loans sold and pricing and pooling of
loans to be sold. Negotiated terms for investor reporting on whole loan sales.
Directed Loss Mitigation Department on workout strategies.
* Trained and developed subordinates that subsequently exceeded all expectation
s and were promoted.
* Developed a risk management reporting system, using Microsoft Excel as the pl
atform, that allowed investors and management to effectively determine areas tha
t needed immediate attention.
* Acted as the liaison between IT and the Capital Market group to facilitate th
e development of a repurchase request tracking system that enabled the capital m
arkets department to quantify the exposure to repurchase requests.
* Created and implemented systems and procedures that established profitability
metrics for account executives and provided the lending groups with a basis to
rate employee performance.
* Developed a tracking report for sales, net sales and repurchases that allowed
for risk determination in the lending process and was also used as a basis for
vintage quality determination.
FIRST ALLIANCE MORTGAGE CORP.
DIRECTOR of ASSET MANAGEMENT
1999-1999
Managed hedging activities related to loan origination process; additionally, va
lued residual assets and mortgage servicing rights of loans sold and serviced. R
esponsible for budgets and business plans and developed pricing and products uti
lized in the lending process. Managed three direct reports and assisted with sec
ondary marketing.
* In cooperation with the information systems department, developed new loan pr
oducts for lending that increased loan volume by approximately $5M per month aft
er a two month testing period.
* Designed a risk based pricing methodology to mitigate allegations of regulato
ry violations of excessive charges that reduced overall point and fees to below
10% from previous levels that exceeded 15% to 20%.
* Developed a pricing model, that incorporated key data points on loan levels,
to determine overall prices for a pool of loans, given predetermined income hurd
les, that allowed the company to supplement loan volumes for securitizations.
AMRESCO RESIDENTIAL CAPITAL MARKETS, Inc.
DIRECTOR OF FINANCE
1997-1999
Responsible for hedging activities related to subordinate bond portfolio that Ca
pital Markets managed. Assessed sales related to core business activities. Devel
oped pricing models and best execution models
related to securitization process or whole loan sales. Managed the pooling proce
ss of loans into
securitizations and assisted the Manager of Acquisitions with the purchase of Su
bordinate Bond Portfolios. Maintained the valuation of the residual assets retai
ned from securitizations. Developed business unit operating plans and forecasts.
Coordinated workflow, materials and support services for the Capital Markets De
partment. Prepared tracking schedules and special analysis related to on-going c
orporate strategy.
* Developed employees to achieve above performance standards and helped them pr
ogress into more responsible positions.
* Automated a manual valuation data entry process to one that enabled more anal
ysis on assets and saved countless data entry hours and centralized multiple col
lection sites into one location.
* Created a system to screen loans purchased through a data omissions model to
determine data that needed immediate action and eliminated wasted time and unnec
essary stress associated with securitization of newly acquired mortgage loans.
TRANSAMERICA FINANCIAL SERVICES
STRATEGIC PLANNING MANAGER
1996-1997
Managed territory business and branch performance. Assessed sales, marketing and
service performance against territory performance plans. Allocated human resour
ces across branch system. Developed of territory business plans and operating bu
dgets. Acted as liaison between home office and branch system. Coordinated workf
lows, materials and support services across branch system. Managed Asset Manager
s responsible for negotiating with borrowers through bankruptcy/foreclosure and
the sale of REO properties. Maintained tracking database for all collection acco
unts and properties for the Resolution Center. Prepared tracking schedules and s
pecial analysis related to on-going corporate strategy.
* Instrumental in the centralization of collections to the National Operating C
enter.
FREMONT INVESTMENT & LOAN
ASSET MANAGER
1995-1996
Reviewed the company's Commercial and Multifamily loan portfolio for credit qual
ity and asset valuation. Assisted management with the identification of portfoli
o risk by monitoring the loan and borrower status. Performed in-house asset valu
ations and property inspection reports for loan collateral. Prepared various tra
cking schedules and special analysis related to the on-going acquisition strateg
y of the company.
HOUSEHOLD FINANCIAL SERVICES
SR. FINANCIAL ANALYST
1994-1995
Preparation of quarterly and annual business plan for the business unit. Additio
nally, responsible for profitability analysis and rate/volume variance reporting
on the company's servicing portfolio and various product lines. Created an inte
rface between individual deal models (Lotus) and the company's accounting softwa
re (Micro-Control) to automate the planning process. Charged with the standardiz
ation of Balance Sheet/Income Statement templates for use in the planning proces
s. Prepared various analysis and special reporting for both the business unit an
d headquarters.
FIDELITY FEDERAL BANK
INTERNAL ASSET REVIEW ANALYST II
1991-1994
Analyzed the Bank's multifamily loan portfolio, identifying risk areas and marke
ts and assisting the Internal Asset Review Manager with managing the Bank's gene
ral valuation allowances. Developed reports
and schedules for the Board Loan Committee on the Bank's troubled assets as well
as many special projects.
* Instrumental in the administration of "Operation Discovery", which was the ga
thering of physical information, income information and other relevant data rega
rding the Bank's distressed income producing loan portfolio to properly value th
e Bank's exposure and risk of default by the borrower, and to market these asset
s for sale.
GUARDIAN SAVINGS AND LOAN
FINANCIAL ANALYST
1986-1991
Responsibilities included interest rate risk analysis on the bank's $55 million
excess servicing portfolio as well as other assets. Investor reporting for priva
te placement pools as well as securitizations. Capital and strategic planning. A
nalysis of loan prepayment rates for the extensive mortgage banking operation. L
oan pricing and modeling of the $2.5 billion REMIC securities originated by the
bank. Interest rate correlation studies, loan prepayment analysis as well as man
y special projects. Acted as liaison between the Finance Department and outside
consultants for the loan mainframe conversion.
Education
California State University Fullerton, Fullerton, CA.
B.A., Accounting
1986-1988
Saddleback College, Irvine, CA.
Major: Business Administration
1984-1986
Awards
Awarded the Chairman's Award of Recognition for Outstanding Performance.
11/92WORDS FOR OPTICAL SCANNIN