STEPHEN A. MAY 760.757.5075 760.274.5016 smay953@cox.

net

Industry Preference: REAL ESTATE LENDING | CREDIT ADMINISTRATION DUE DILIGENCE | SECONDARY MARKETING

PROFILE Accomplished, analytical, and solutions-focused professional, offering over 25 y ears of extensive experience managing all facets of mortgage lending from proces sing, underwriting, QA/QC, appraisal review, sales, secondary marketing, due dil igence, doc preparation, and funding departments. Accustomed to addressing clien t needs and implementing cost effective solutions to provide high quality of ser vice and high customer satisfaction. Proactive, energetic, and success-driven in dividual with strong commitment to excellence; known for solid organizational an d leadership adeptness. Equipped with excellent people skills and proven ability to communicate well with all levels of professionals. al and rating Demonstrated expertise and direct involvement in all phases of residenti consumer lending operations Expert in creating and maintaining databases, writing formulas, and gene reports Proficient in utilizing Microsoft Excel and other Office products

CORE COMPETENCIES Loan Structuring Time Management and Prioritization Risk Management Mortgage Banking Residential and Commercial Real Estate Business Management and Operations Budget Administration Product Development

PROFESSIONAL EXPERIENCE CARRINGTON CAPITAL MANAGEMENT ~ GREENWICH, CT VICE PRESIDENT, DUE DILIGENCE JUL 2010JAN 2011 Functioned effectively as the key member of residential mortgage loan ac quisition, resolution, and disposition team; effectively participated and oversa w loan-level due diligence Researched property data to provide opening bids on upcoming foreclosure s; reviewed all collection and foreclosure notes to efficiently identify the sta tus of each file Instructed servicing agents, foreclosure specialists, and bankruptcy spe cialists regarding next activity to expedite liquidation of the asset Collaborated and met with department managers to discuss the processes n eeded to help increase asset liquidation; researched and drafted repurchase requ

ests as necessary Significantly increased rate of asset liquidation and profitability, and improved stratification of asset positions to guarantee more accurate reporting , tracking, and projections MIR MITCHELL & COMPANY ~ IRVING, TX ASSET MANAGER CONTRACTOR for the FDIC as Receiver for 1st Centennial Bank and In tegrity Bank SEP 2008FEB 2010 Settled banks assets that were recently placed into receivership by the FDI C by contacting the borrowers and guarantors; worked out settlement plans when f ull repayment was not possible. Wrote cases of workout plans, such as modifications, compromises, shortsales, foreclosure, and others for FDIC approval Created and maintained a database used for tracking all orders of appraisal and environmental reviews, title searches, credit reports, FDIC cases, etc, on t he entire portfolio of loans, which is viewable in real-time by anyone on the ne twork; converted data into reports Developed spreadsheets to automate the reconciliation of the banks loan dat a to the FDICs weekly report as well as with the FDICs Net Present Value calculator Executed organization of data sharing and maintenance between MMC and th e banks databases FREMONT INVESTMENT & LOAN ~ ANAHEIM HILLS, CA VICE PRESIDENT, DUE DILIGENCE NOV 2006JAN 2008 Organized whole loan sales and securitizations with investors, capital m arkets, and appraisal and collateral departments Administered transaction managers along with the Secondary Appraisal Dep artment in conducting their daily process flows, which included responding to in vestors credit, compliance, and value questions; retrieving of documents, valuing v alidation, and updating databases; interacting with due diligence contractors an d investors; and tying-out with investors and other departments Prepared end-of-sale reports for presentation to the executive committee , detailing the results of loan sales along with recommendations for the improve ment of the operations process and underwriting guidelines Chaired monthly meetings with all operations managers and worked as a vo ting member of Credit Committee PEOPLES CHOICE HOME LOANS ~ IRVINE, CA SENIOR VICE PRESIDENT, PORTFOLIO MANAGEMENT MAR 2004NOV 2006

Extensively orchestrated whole loan sales and securitizations with inves tors, capital markets, and appraisal and collateral departments Managed transaction managers in conducting their daily process flows, wh ich included responding to investors credit, compliance, and value questions; retri eving of documents, valuing validation, and updating databases; interacting with due diligence contractors and investors; and tying-out with investors and other departments Administered staff tasked to process repurchase and make-whole claims in their efforts to ensure validation of claims, preparation of rebuttals, creatio n and tracking of wires and completion of the board Executed extensive preparation of performance analysis of the companys prod ucts that utilized servicing, loan sale, and QC/QA data to efficiently identify outperforming areas to be exploited, and under-performing areas to be reduced Assessed operating centers and employees to ensure identification of are as and individuals that exhibited exemplary performance and those that needed ad ditional training; worked as a voting member of Credit Committee THE CLAYTON GROUP ~ SHELTON, CT

PROJECT LEAD

OCT 2001MAR 2004

Demonstrated expertise in managing teams of due diligence underwriters t hat reviewed mortgages being offered for sale into the secondary market Held responsible for the quality of due diligence reviews of more than 4 5 contract underwriters as well as ensured preciseness of all gathered data Presented reports and data to clients to facilitate their decision-makin g Communicated findings to clients and corporate office, as well as establ ished and maintained professional relationship with the client and the seller WELLS FARGO MORTGAGE RESOURCES ~ CARLSBAD, CA VICE PRESIDENT, NATIONAL UNDERWRITING MANAGER JAN 2000OCT 2001

Assumed full responsibility in ensuring the quality of production from t he underwriting departments nationwide Functioned effectively as the manager of the Training and Post Closing d epartments Served as key point person for operations in effectively managing the re lationship with credit risk and quality control management services; worked as a voting member of Credit Committee Ensured maintenance of the databases of prior audit findings from which analytics were conducted and used for educational and training purposes as well as promotion recommendations

EARLIER CAREER Chief Credit Officer | Operations Manager ~ Pacific Thrift & Loan, Irvine, CA ~ Aug 1997Nov 1999 Senior Associate ~ Donaldson, Lufkin & Jenrette, Irvine, CA ~ 19931997 Regional Underwriting Manager ~ Ford Consumer Finance, Irvine, CA ~ 19871993 Branch Manager ~ Several Consumer Finance Companies throughout CA ~ 1981 - 1987

EDUCATION General Business Courses ~ Valley College, Van Nuys, CA ~ 1976

PROFESSIONAL TRAINING Attended various management and hiring seminars, including secondary services sa les courses such as insurance products