Nigel D. Brazier

SUMMARY OF EXPERTISE

Nigel Brazier is a financial services executive with significant finance, risk, operations, and business development experience. Consultative approach, with a strong financial and facilitative orientation. Expertise in strategic planning, negotiation, transaction management and business process reengineering. A high energy individual, with integrity and commitment to developing and meeting corporate objectives. Quality conscious and customer focused, able to lead initiatives and staff through complex challenges and environments to successful conclusions.

PROFESSIONAL SUMMARY

The Hilltop Companies - 2013 - present
Managing Director

Value added senior consultant, focused on the mortgage finance sector. Providing finance, servicing, operational and risk management analysis, strategy, and project management support to clients.

• Teamed with a partner to secure a five year contract, develop management and quality control plans, establish and staff an 80 person operation, and continually manage a team of claims specialists and analysts as the HUD Mortgagee Compliance Manager for all FHA claims and conveyances (2015 – 2019 projected).
• Conducted a blind study for one of the GSEs to determine the range of practices for counterparty risk management of wholesale and warehouse lending practices in the single family mortgage industry.
• Managed due diligence on an investment opportunity for a REIT to assess risks and operational capabilities associated with the target.
• Provided expert input for a potential class of plaintiffs regarding the gains within the subprime origination and securitization processes from 2001 - 2007.
• Provided valuation and opening financial statements for a financial services company acquired by a private wealth fund – representing the acquirer.
• Interim Chief Financial Officer for a financial services company – focused on business planning, financial infrastructure development and year-end audit for first year of operations.
• Provided expert input for a litigation matter involving a pension fund (plaintiff) and a large mortgage servicer and its officers (defendant).

Newbold Advisors LLC - 2011 - 2013
Managing Director

Value added senior consultant, focused on the mortgage finance sector. Providing finance, servicing, operational and risk management analysis, strategy, and project management support to clients.

• Aided several clients interested in acquiring Mortgage Servicing Rights (MSRs) – building business cases, economic models and analysis and providing subject matter expertise and overall project management.
• Aided one of the GSEs in its evaluation of alternatives associated with the FHFA Servicing Compensation Initiative announced in February 2011. Developed economic models and assessed risk associated with the numerous potential solutions (Reduced Minimum Service Fee and Fee for Service structures). Generated presentations and content for sharing with the MBA, GSEs, HUD (FHA), GNMA and the FHFA.
• Aided one of three largest mortgage servicers in managing the recording of mortgage assignments from MERS to the appropriate note owner (bank owned, GSE, private label security, etc.). Identified size of issue and process owners – current and required. Developed daily reporting and identified process improvements to help prevent delays in any foreclosure proceedings.
• Aided one of the three largest mortgage servicers in developing and staffing a compliance organization needed to meet an OCC consent order. The Order required the development of a new process to manage any future regulatory compliance changes (Federal, State and/or Investor - rules, standards or other requirements). Provided immediate leadership while filling new role for a division focused on customer contact related activities (collections and modification). Managed processes to determine compliance requirements and oversaw the development of individual project plans to manage any and all operational changes required. Developed reporting to track all rules and standards changes and provide status to senior management.
• Aided one of the three largest mortgage servicers in developing a process and tools to meet an OCC consent order requirement for remediating foreclosure related harm to borrowers. The Order required the development of a new process to assess injury, determine harm and remedy the noted issues at a borrower level for a population of more than 1 million borrowers. Provided project management and team leadership to combine the efforts of the servicer, an OCC named independent consultant and various others.

NBNB LLC - 2011 - 2016
President

Value added executive consultant, focused on the mortgage finance sector. Providing finance, servicing, operational and risk management analysis, strategy, and project management support to clients.

• Provided subject matter expertise to numerous investors and analysts on mortgage industry topics ranging from originations, servicing, capital markets, regulations, economics, and overall trends.
• Provided expert input on servicing issues subject to litigation on behalf of three law firms and the clients they represented.
• Provided expert input on servicing issues subject to arbitration on behalf of a leading mortgage insurance provider and a major national bank.

Vantium Capital - 2009 - 2010
President – Acqura Loan Services

Responsible for developing and managing all mortgage servicing offerings, including marketing/sales, operations and strategic activities.

• Lead efforts to develop new clients and capture business from existing servicing relationships. Served assets increased more than 350% in 2010 to $1.5 billion.
• Managed the negotiation of all servicing aspects of two new privately placed securitizations issued by clients in 2010.
• Managed the continued design evolution of core business processes and associated operational and technical requirements.
• Speaker at numerous industry and investor forums.

Fannie Mae - 2005 - 2009
Vice President – National Servicing Organization - (2008 - 2009)

Responsible for developing and managing business strategies to mitigate credit risk in the Single Family Mortgage Business credit book of business.

• Designed, implemented and managed Fannie Mae’s component servicing strategy. Engaged 70+ vendors who could aid servicers in managing credit risk. Required constant coordination with servicers, vendors, servicing oversight, legal, risk, and procurement teams.
• Core member of the HAMP campaign team helping to (1) define and draft campaign guidelines and related procedures, (2) engage component servicers to perform work on behalf of servicers, and (3) determine the pricing structure and reporting requirements for services provided by component servicers, resulting in initial outreach to 400,000+ borrowers and yielding potential credit savings of more than $5 billion.
• Identified and managed numerous initiatives for short sales and borrower contact campaign strategies resulting in expected credit savings of more than $1 billion.

Vice President – Credit Sensitive Assets - (2007 - 2008)

Responsible for developing and managing business strategies to mitigate credit risk in the Single Family Mortgage Business.

• Identified at-risk segments of the Single Family credit book of business (credit sensitive assets) and assessed exposure to loss.
• Developed special servicing strategies and protocols to manage risk associated with defaulted loans and performing loans at risk.
• Transferred $30 billion from legacy servicers to several special servicers – negotiating protocols, pricing and performance metrics.
• Managed initiatives focused on (1) the potential acquisition of a special servicer, (2) building special servicer capacity with partners, and (3) developing an integrated network of service providers to aid in loss mitigation activities.

Vice President – Finance - (2005 - 2007)

Responsible for developing, staffing and improving various components of the financial management function.

• Developed and staffed an organization to provide accounting and finance support for the three core business units.
• Lead efforts associated with the restatement of Low Income Housing Tax Credits, allowances for Single and Multi Family loan losses, and Acquired Property (REO) for the 2001-2006 reporting periods.
• Managed the daily activities of a 45 person finance team directly supporting the Single Family Mortgage Business with approximately $2.5 trillion of risk in force.
• Lead various efforts associated with improving and streamlining finance and operational processes within the SF Mortgage Business - including budgeting & planning, speed to market, customer & product profitability, and risk management.

Select Portfolio Servicing, Inc. (Fairbanks Capital Corp.) - 2001 - 2005
Senior Vice President – Business Development - (2002 - 2005)

Responsible for acquiring all new business, including corporate acquisitions and portfolio/flow business volumes with various business partners.

• Developed and managed a process that acquired $30 billion in newly originated servicing rights, including deal structuring, pricing, negotiation, and ongoing client management.
• Lead efforts associated with the successful acquisitions of Bank of America’s (EquiCredit/NationsCredit) and CSFB’s (Olympus) servicing platforms and related servicing portfolios ($24 billion and $13 billion respectively).
• Managed the process associated with the identification and redesign of business practice and policy deficiencies noted by the Federal Trade Commission, other government regulators and the rating agencies.
• Speaker at numerous industry and investor forums.

Senior Vice President – Finance - (2001 - 2002)

Responsible for instituting a financial planning and reporting process and infrastructure.

• Lead a team of analysts that were responsible for business planning, portfolio analytics, pricing and financial reporting.
• Prepared and presented all financial materials for equity investors/owners.

General Electric Company - 1984 - 2001
GE Capital Mortgage Services
Vice President, Pricing and Negotiated Transactions - (1999 - 2001)

Responsible for pricing all products, negotiating customer deals and acquiring loans

• Managed a team of 18 capital markets professionals in support of institutional and consumer direct lending operations ($15 billion in annual origination volumes).
• Developed numerous new products and implemented pricing strategies to increase product profitability and business efficiencies.

CFO and Vice President, Finance – Servicing Operations - (1998 - 1999)

Responsible for leading and managing all financial aspects of mortgage servicing and loan retention operations.

• Managed a team of 25 finance and quality personnel across four locations, supporting a $100 billion servicing portfolio and a $4 billion loan retention business.
• Lead efforts to fully integrate a quality mindset into all servicing and loan retention activities, through the use of process control systems, redesign tools, and project linkage to business top-level indicators.

Vice President, Finance – Quality and Controls - (1997)

Responsible for leading the effort to embrace and incorporate Six Sigma tools and a change mindset throughout the finance and servicing organizations.

• Implemented a default management back office improvement project, resulting in the decision to implement a third-party software package to manage the entire default management process ($12 million in annual savings).
• Implemented a new process to purchase defaulted FHA loans from GNMA securities resulting in $65 million in annual economic benefit.
• Lead team that shortened the monthly close cycle time from six to two days.

Vice President, Finance – Acquisitions - (1994 - 1996)

Responsible for leading and managing all aspects of acquisition strategies; Overall leadership for various special projects

• Managed all financial aspects of corporate, portfolio, and international acquisitions, including pricing, financials, due diligence, and contract negotiation.
• Managed an $800 million portfolio of residential and mixed use commercial non-performing loans, requiring profitability monitoring, partner management, and disposition management.
• Lead numerous aspects of company-wide capacity and process improvement projects aimed at streamlining core business processes, eliminating sites, and reducing operational expenses.
• Lead the financial oversight of a warehouse lending unit including deal approval, executive and credit committee membership and

GE Information Services - (1990 - 1994)
Manager, Business Development

Responsible for identifying and executing growth opportunities and defining business-wide strategy.

• Directed the acquisition of a European information services company including all acquisition process activities (screening, valuation, negotiation, due diligence, approval and integration).
• Managed the annual strategic planning process, which encompassed market and competitive analysis, long range forecasting, and development of proprietary business programs and tactics.
• Led teams in identifying and implementing sales and marketing growth opportunities: new business initiatives, partnerships, ventures, and inter-organizational cooperation.

GE Corporate Audit Staff - (1986 - 1990)
Corporate Auditor

GE Appliances - (1984 - 1986)
Management Trainee – Financial Management Program

EDUCATION

MBA, Finance, Miami University (Ohio), 1984. Graduated First in Class; Academic Scholarship; Graduate Assistant to the Dean of the Business School; Two time Fellowship award winner.

BS, Accounting, Central Washington University/University of Washington, 1983.

GE Company Programs – Financial Management Program, Management Development Course, Management Skills Development Course, Advanced Financial Management Course, Master Black Belt Certification (Six Sigma), and Acquisition Management Course.