PROFESSIONAL EXPERIENCE
Hilltop Advisors, LLC Managing Director 2013-Present
TECOMA Enterprise Concepts CEO 2003-2013
Dynaxys Corporation SVP 1999-2003
Wells Fargo Home Mortgage Director Servicing 1995 - 1999
First Nationwide Mortgage Corp VP Default Ops 1989-1995
Ben Franklin Savings/Foster Mortgage AVP Loan Admin. Mgr. 1981-1989
Don Davis is a Managing Director with Hilltop Advisors, LLC. The Hilltop companies are focused on banking, real estate, lending, loan servicing, mortgage banking (residential, multifamily and commercial) and overall capital markets activities involving such assets. Hilltop Government Solutions, LLC is focused on providing services to those governmental agencies that provide loans (direct lending), loan guarantees/insurance, sell and/or securitize such assets, and regulate the financial services business.
During his early years in the financial services industry Don served as an originator of Commercial, Consumer and Mortgage loans. He had responsibility for the Lending, Business Development and Servicing for one of Norwest Financial consumer direct offices and Benjamin Franklin Savings. Duties for the two organizations included establishing relationship with local merchants to generate support for their lending needs. Responsibilities involved preparation of loan documentation for commercial loans, installment loans, and mortgage real estate loans (for both first and second mortgages). He was the lead on major initiatives such as opening new branch locations in emerging markets
Mortgage Banking Experience (30 years of Management and Sr Management roles)
Don is a senior loan servicing executive. He has over a 30 year track record of providing executive level management, risk management, policy creation/communications, business process design and implantation related to mortgage Servicing of HUD Single and Multifamily Loans, VA, Fannie Mae, Freddie Mac and Private Mortgages. Some examples include the following:
- Default Loan Servicing
- Foreclosure Processing
- Bankruptcy Processing
- REO Asset Disposition
- Loan Modifications
- Established and managed Departmental Budgets for theses five key areas
- Loan Loss Analysis and establishment of reserves associated with defaulted mortgages
- Oversee Process of Mortgage Default Claims
- Development and Implementation of a Sub-Servicing Platform
- Mortgage and Financial Services Technology Implementation and Development
- Regulatory and Compliance
- Initiation, review, and execution of Vendor Contracts for Outsourced Default, REO and Foreclosure processing services
- New technology review, sign off and implementation.
- Consumer Complaints Review and Response
Other responsibilities included Sub-Servicing Client operations for escrow services, customer service and Loan Origination’s. Implemented work flow process to produce an average of 500 loan workouts per month. Established REO outsourcing operation, “Premier Asset Services” to handle; on a fee bases REO liquidation for third party clients. Don established a nationwide broker network to market and sale bank owned and investor REO assets. Don developed programs with origination branches to handle financing needs of new buyers of REO properties to expedite the sale of assets. Don has led technology development efforts in the areas of Loss Mitigation, Default Claims, Foreclosure Processing and New Business Development.
Mortgage Consulting Services
At Hilltop Advisors and as an independent consultant Don has been engaged in a number of projects focused on the mortgage banking and financial services environment. Projects have included work in the following areas:
As a part of the Senior Technical Team for Hilltop Advisors on the OCC Independent Foreclosure Review I performed Audit of foreclosed loans to evaluate lenders process adherence to Investor, Insurer and Statutory guidelines related to assessment of Fees and Cost associated with the foreclosure process. Provided guidance and coordinated the training and auditing processes of a team of over 70 Consultants establishing procedures and standards of review for compliance with Investor and Insurer Guidelines in accord with guidance established by the OCC. Subject Mater Expert for the HUD Mortgagee Compliance Management contract currently providing post foreclosure review of FHA claims submitted for expense reimbursement.
As an independent Consultant through I have been involved in projects that focus on Loan Servicing and Defaulted Mortgage Loan Servicing. Projects have included work in the following areas:
- Providing loan level audit reviews of FHA Part A and B default Claims and Short Sell claims submitted by LoanCare Mortgage Servicing to minimize the impact of potential findings related to foreclosure and claims processing from a formal HUD claims audit. Established training and process guidelines and controls for Loan Loss Analysis Position.
- Provided contract support as mortgage default and foreclosure servicing consultant to Default Resources and its clients. Clients include American Home Mortgage, Wells Fargo Home Mortgage, Fannie Mae, Citi Group, Country Wide Mortgage and M&T Bank.
- Due-Diligence Team Member, providing Asset review for Deval LLC to the FDIC on Commercial and Multifamily Assets of various failed Banks and Financial Institutions
- Quality Assurance Manager and Regulatory Subject Matter Expert to Regis and Associates CPA on HUD contract FTW-00395 REO Marketing and Management Contract. Audited Asset Mangers responsible for the Marketing and disposition of HUD owned properties to ensure compliance with the HUD disposition methodology.
Worked with HUD to develop new effective approach’s to asset disposition
- Subject Matter Expert support as a Sub-Contractor to Converge Networks on Fannie Mae’s Anti-Fraud Market Analysis Project. Analyzed and provide recommendation of companies that could possibly provide data integration into FNMA’s DU system to identify potential fraud at origination.
As Senior Vice President of the commercial mortgage banking division for Dynaxys Don lead a number of projects focused in the following areas:
- He provided support for the Mark to Market effort for the Multifamily Portfolio and provided review of the Property Management updates to Dynaxys’s proprietary Multifamily Servicing system to ensure compliance of expenses related to property management of the HUD Multifamily Portfolio.
- Senior consultant for clients utilizing regulatory Default Servicing and Origination Guidelines for FHA, VA, Fannie-Mae, Freddie Mac and Private Investors. Provided Strategic oversite and functional design for applications developed by Dynaxys for use by Mortgage Servicers, Third Party service providers and Government agencies
- Provide senior analytical support to the product development team for mortgage servicing of Defaulted and Foreclosed mortgages and other financial products.
Don Was the subject matter expert and provided on-site support to clients for product installation, integration and training in development of automated FHA default Claims processing system for Fidelity Information Services now known as LPS/Black Knight
Banking & Commercial Loan Servicing Experience
My role as senior Banking and Mortgage Servicing Executive often focused on Default Operations. Don has held key positons that involved the following:
Loan Administration Manager at Ben Franklin Savings/Foster Mortgage responsibilities included Control of the Commercial and Consumer Servicing Operations
- Member of the banks Commercial Loan Credit Committee
- Prepared loan documentation for commercial real estate loans, installment loans, mobile Homes and mortgage real estate loans (for first and second mortgages)
- Application Financial Statement and Credit Analysis
- Funding of Draws
- Payment processing,
- Collateral Control and Insurance Maintenance,
- General ledger reconciliation,
- Approval of Personal Consumer and auto loans from branch operations without onsite lending Officers
- Due diligence Team Member on Loan Portfolio Acquisitions
Education
Don Davis received a Bachelor degree in Business Administration and Business Management from Penn Valley College. Don also has been a license real estate agent in the state of Maryland.