SUMMARY OF EXPERTISE
Accomplished technology implementation executive with over 15 years of senior executive experience. Effective leader of people and processes with thorough knowledge of real estate finance. Long, successful track record in designing and delivering automated systems on time and on budget. Accomplished at bridging the communication gap between business people and technologists.
Strategic thinker and leader grounded with respect for financial controls, operational excellence and risk management disciplines. Extensive knowledge of eCommerce concepts, eNote adoption strategies and developing and operating mortgage loan registries. Experienced in cyber security risk assessment and remediation solutions.
PROFESSIONAL EXPERIENCE
The Hilltop Companies, Managing Director, December 2015 - Present
Hilltop iSolutions, LLC, President
Dan has been redesigning business processes and integrating new technologies in the mortgage banking industry for more than 30 years. He has broad knowledge and understanding of real estate finance processes from origination through secondary marketing and servicing. Dan is a founder of Mortgage Electronic Registration Systems, Inc. (MERS) and was the architect of the MERS® System, the MERS® Commercial System and the MERS® eRegistry. He designed the business processes and procedures under which MERS operates.
He has extensive knowledge of eMortgage concepts, eNote adoption strategies and developing and operating mortgage loan registries. He is experienced in cyber security risk assessment and remediation solutions, having negotiated and managed engagements with a top tier auditing firm that delivered unqualified SSAE16 reports over a three-year period, including completion of the BITS Shared Assessments program.
MERSCORP Holdings, Inc., Executive Vice President, Corporate Development, January - November 2014
Responsible for:
- Identifying new business opportunities
- Solidifying its role as the national loan registry for real estate finance
- Positioning the company as an influential industry thought leader
- Identifying and creating strategies to remediate regulatory and legislative risks
MERSCORP Holdings, Inc., Executive Vice President, Product Division, 1996 - 2014
Key player in the development and operation of this national loan registry, which has eliminated nearly two billion dollars in unnecessary and error-prone paperwork. Responsible for the development, implementation, and ongoing enhancement of products, processes, procedures and systems.
- Designed and managed the products that have produced a capital base of over $100m from $5.7m in initial capital, while returning millions of dollars to shareholders
- Architect of the MERS® System, MERS® Commercial and the MERS® eRegistry
- Negotiated long-term, multimillion dollar contracts with technology partner (HP) and help desk provider (Genpact) and managed the relationship for over 17 years
- Directed the corporate information systems and vendor management activities, including the completion of unqualified SAS 70 and SSAE16 engagements
- Responsible for product development, member integration, training and quality assurance
- Managed the Mortgage Industry Standards Maintenance Organization for the Mortgage Bankers Association (MBA), saving the MBA over a million dollars annually
Mortgage Bankers Association, Senior Director, Technology Initiatives, 1993 - 1996
Responsible for technology initiatives sponsored by the Technology Committee leadership.
Key accomplishments:
- Obtained the commitment of the association and its membership to develop the national loan registry, Mortgage Electronic Registration Systems, Inc. (MERS)
- Negotiated the financial support of Fannie Mae and Freddie Mac for developing MERS and managed Ernst & Young and Tenex Consulting to complete their contract terms on time and within budget for developing the business and capitalization plans for MERS
- Led the mortgage industry in adopting the use of data standards
- Promoted effective use of technology through conferences, publications and public speaking
Freddie Mac, Director, Business Process Redesign, 1992 - 1993
Responsible for directing the business process redesign activities of the Operations Division. Freddie Mac business process redesign effort was reorganized in first quarter 1993.
Citicorp Mortgage, Inc., Vice President, Operations Management and Control, 1991 - 1992
Responsible directly to the CFO for aligning corporate resources against business priorities. Directed four Business Analysis Managers in process redesign initiatives, system re-engineering, and strategic planning activities.
- Redesigned the process flow for the origination network to ensure salability and serviceability for an estimated annual savings of $4.5 million
- Delivered an image processing solution for Default Management ahead of schedule with a net benefit of $367,000 monthly cost avoidance and 20% productivity increase
- Redesigned the vault and warehouse facilities with an annual net savings of $300,000
Citicorp Mortgage, Inc., Vice President, Information Services, 1989 - 1991
Directed 15 Business Analysts in the design, development and implementation of loan servicing, treasury and origination process redesign and systems implementation projects.
- Managed the consolidation of over 265,000 loans to one serving portfolio, resulting in a cost reduction from $120 to $85 per loan
- Redesigned the foreclosure process and implemented a tracking system that increased productivity by 30% and reduced annual credit losses by $4 million
- Reduced the acquisition cost of servicing portfolios from $15 to $5 a loan through automation
Citicorp Mortgage, Inc., Assistant Vice President, Business Analysis, 1987 - 1989
Managed the implementation of quarterly Data-Link Systems software releases. Converted the billing method of a 350,000 loan portfolio from coupon books to a sophisticated monthly billing statement. Established a Systems Development Request process that reduced the former queue of over 250 non-prioritized requests to a tightly managed queue of 25.
Weyerhaeuser Mortgage Company, Assistant Vice President, Mortgage System, 1985 - 1987
Directed ten specialists in new loan audit, new hire orientation and training, and acquisition and service release of a $5.7 billion loan portfolio. Managed the conversion of the proprietary servicing system and led the team that developed training, testing and implementation plans.
Various Assignments, 1979 – 1985
Principal in startup of a home equity, loan servicing firm, trainer for Northrop Aircraft, English Teacher for the Ministry of Education in Japan, and trained for the 1980 US Olympic Sailing Team.
EDUCATION
B.A., Communications (Phi Beta Kappa), University of Washington - Seattle, Washington