Keynote: Paul Jacob
Banc of Manhattan Capital
— Executive Vice President and Director of Fixed Income Strategy

Mr. Jacob is Executive Vice President and Director of Fixed Income Strategy at Banc of Manhattan Capital, where he is responsible for market and investment analysis, authoring the firm’s Market Briefing and Strategy publications and managing firm’s investment fund.  Mr. Jacob has been a leading figure in mortgage-backed securities for 25 years in a career spanning much of the development of the modern MBS market.  He has held senior roles in both the “buy” and “sell” sides, working as a portfolio manager and strategist with some of the top firms in the industry, including Morgan Stanley, Countrywide and Hyperion Capital.  He has published extensively on the MBS market, contributing a chapter to the latest edition of The Handbook of Mortgage-Backed Securities edited by Frank J. Fabozzi.   Mr. Jacob has an MBA in Finance from the University of Texas at Austin and a BBA in Economics from the University of Texas at San Antonio.

KEYNOTE: Doug Jones
PennyMac — Chief Correspondent Lending Officer

As Chief Correspondent Lending Officer, Doug Jones is responsible for overseeing the growth and expansion of all correspondent lending activities of  PennyMac including production, operations, counterparty management, and development of a warehouse lending business, and serves on PennyMac’s executive management team.

Jones joined PennyMac in June 2011 from Bank of America where he most recently served as the head of Retail Sales & Institutional Mortgage Services for Bank of America Home Loans.  At Bank of America, Jones led the country’s largest correspondent lending and warehouse business with responsibilities for all aspects of operational management and business development. Jones joined Countrywide Credit Industries, a predecessor to Bank of America Home Loans, in 1997.  Prior to Countrywide, Jones was CEO of California United Bank’s Mortgage Division.  He holds a BA in Economics from California State University, Sacramento.

Keynote: Theodore W. Tozer
Ginnie Mae, President

Theodore W. Tozer was sworn in as President of Ginnie Mae on February 24, 2010, bringing with him more than 30 years of experience in the mortgage, banking, and securities industries. As President of Ginnie Mae, Mr. Tozer will operate a multi-billion dollar corporation, administer the mortgage-backed securities program, and oversee enterprise-wide risk management initiatives including capital market activity.

Prior to his appointment as President, Mr. Tozer served as Senior Vice President of Capital Markets at the National City Mortgage Company (NCM) for over 20 years. There, his responsibilities included pipeline hedging, pricing, loan sales, loan delivery, and credit guideline exceptions. While at NCM, the company's annual loan sales grew from $1 billion in 1989 to $106 billion in 2003. During his tenure, NCM never experienced a loss.

Previously, Mr. Tozer served as Vice President and Investment Operations Manager at the BancOhio National Bank from 1979 to 1986. In this capacity, he was responsible for all operational support functions of the bank's bond portfolio and securities dealer. From 1986 to 1989, he was Vice President and Chief Financial Officer of BancOhio National Bank, where he was in charge of overseeing loan delivery, pipeline hedging, pricing, corporate accounting, servicing investor reporting, and product development. In this role, Mr. Tozer was instrumental in transforming BancOhio from an "originate and hold" lender to an "originate and sell" lender. In 1988, under his leadership, BancOhio Mortgage originated about $200 million in residential mortgages eligible for sale in the secondary market.

Mr. Tozer has also served as a charter member of Fannie Mae's National Lender Advisory Board since 2008. Since 2002, Tozer has been a member of Freddie Mac's National Lender Advisory Board. From 2002 to 2004, he was Chairman of the Capital Markets committee of the Mortgage Bankers Association of America (MBA). While Chairman, Mr. Tozer successfully worked with Ginnie Mae to change the structure of the Ginnie Mae II security. He also significantly influenced MBA's decision to advocate for the Federal Home Loan Banks as an effective alternative to Fannie Mae and Freddie Mac. Mr. Tozer also served as a member of the Mortgage Bankers Association Board of Governors from 2002 to 2004, as trustee of the Ohio Mortgage Bankers Association from 1999 to 2001, and as part of the Fannie Mae Midwest Secondary Advisory Group from 1994 to 1999.

Mr. Tozer received his Bachelor of Science Degree in Accounting and Finance from Indiana University. He became a Certified Public Accountant in 1980 and a Certified Management Accountant in 1984.

James W. Brody

As Managing Member, Mr. Brody actively manages the complex mortgage banking mitigation and litigation matters for the American Mortgage Law Group, P.C. ("AMLG") and its diverse clientele (e.g., national mortgage lenders, warehouse lenders, secondary market investors, loan servicing companies, Wall Street banking firms and insurers). Being one of the AMLG's founding attorneys, Mr. Brody has been instrumental in the Firm's development and in its continued success.

Mr. Brody has successfully resolved hundreds of mitigation and litigation cases that involve complex mortgage fraud schemes, as well as large-scale repurchase and/or make-whole disputes. Mr. Brody's experience centers on those legal issues that arise during and through loan originations, loan purchases/sales, loan securitizations, foreclosures/ bankruptcy actions, and repurchase/make- whole claims.

Mr. Brody has made numerous media appearances and industry presentations regarding the prevention, detection and resolution of mortgage fraud matters. In addition, Mr. Brody continues to be a featured speaker in the area of repurchase and make-whole claims. Finally, Mr. Brody had co-authored Prejudgment Interest: An Element of Damages That Must Not Be Overlooked, in 2003, for a widely circulated expert witness publication.

Mr. Brody received his B.A. in International Relations from Drake University in 1997. He also received his J.D., with a certified concentration in Advocacy, from the University of the Pacific, McGeorge School of Law in 2000. In addition to being admitted to practice law in all State and Federal Courts in CA, Mr. Brody has served as lead litigation counsel for numerous mortgage banking and commercial related disputes, venued in both State and Federal Courts, in AZ, CA, FL, MD, MI, MO, NJ, NY, OR, PA, TN, and TX.

Don Brown
Secondary Interactive

Don oversees all sales, marketing and legal initiatives to the company. Bringing more than 20 years of business and legal experience to SI, Don has focused on the mortgage industry since 2000. Don pioneered SI's risk management practice with a vision for leveraging technology to make mortgage and business processes more efficient and more profitable. Don received a B.A. from Northwestern University and a J.D. from the University of Colorado School of Law. Don is active in the community having served on the City Council for the City of Louisville, the Board of Directors for the Denver Regional Council of Governments, the Board of Directors for the YMCA of Boulder Valley and is past Chair of the Alumni Board for the University of Colorado School of Law. He is frequent speaker at industry events on topics relating to secondary marketing, risk management, best execution and loan commitments.

Bob Gundel
Compass Analytics LLC — Senior Hedge Manager

Bob Gundel is a Senior Hedge Manager with Compass Analytics LLC and has been with the firm since 2005.  He brings over 11 years of experience in financial services with a heavy focus on derivatives trading and mortgage analytics.  Although his primary role as Hedge Manager entails working directly with clients to assist in hedging their mortgage pipelines, he is also a member of the Sales and Business Development teams at Compass.  Mr. Gundel holds a Master of Science degree in Financial Analysis and Investment Management from Saint Mary’s College and resides in San Francisco, CA.

Barbara Mallott
Envoy Mortgage, Ltd. — Vice President, Director of Risk Management

Over 23 years in the mortgage lending industry with expertise in Underwriting, Quality Control, and Risk Management.  Member of the MBA Fraud Fraud Subcommittee and MBA Quality Assurance Subcommittee.

Scott Norman
MetLife Reverse Mortgage — Vice President

Scott Norman is the immediate past-President of the Texas Mortgage Bankers Association. In his former role with the TMBA, Scott led the largest and oldest statewide mortgage bankers association in the United States, with member firms originating over $35 billion in closed loans annually.

Norman founded the Texas Association of Reverse Mortgage Lenders Association in 1999, where he managed three successful campaigns to amend the Texas Constitution to enhance and protect reverse mortgage lending in the Lone Star state.  Scott also served on the National Reverse Mortgage Lenders Association (NRMLA) Board of Directors from 2005 until 2009.

A former High Hurdler for the University of Texas Track Team, Scott served as President of the Austin MBA in 2005. In addition, he has been actively involved in state and federal government for over 20 years as a Capitol staffer and lobbyist.

A long time Austin mortgage banker, Scott currently manages the retail reverse mortgage operations in Texas for MetLife Bank.

Thomas M Piercy
Interactive Mortgage Advisors, LLC — Managing Member

Thomas Piercy has enjoyed a highly productive career in the mortgage industry as an advisor, transaction manager and principal. Over the course of his 25 year career, he has accumulated a remarkably broad resume of experience and expertise, which in combination with over 400 directly managed transactions constituting over $450 billion in value, Tom has earned his reputation and distinction as one of the preeminent transaction advisors to the industry.

Tom is the Managing Member of Interactive Mortgage Advisors, LLC (“IMA”) a consulting and advisory firm that he co-founded in 2001 that provides a variety of services to the mortgage industry including: representation related to mortgage assets with an emphasis on mortgage servicing rights; evaluation of servicing rights; M&A; structuring of portfolio asset management strategies, mortgage asset valuations, and market research.  In the ten years since its formation, IMA has advised over 150 clients which include most if not all of the industry’s largest companies.

IMA is also the owner of Spurs Capital which is a fund specializing in the purchase of discounted loans and REO properties.  IMA also owns Interactive Insurance Solutions (“IIS) that is an agent for Lender Placed Insurance.

Prior to forming IMA, Tom was a founder and board member of Matrix Bancorp, a unitary thrift holding company comprised of a billion dollar savings and loan, full-service mortgage banking platform, investment bank, as well as other associated subsidiaries. As CEO of the Capital Markets unit, he oversaw the trading functions of this institution and a staff of approximately thirty finance professionals.

Under his guidance, this group managed the purchase of over $350 million mortgage assets for the bank ,brokered over $450 billion of servicing rights (over $70 billion a year),and developed the distinction as the leading servicing broker and servicing valuation advisor to the mortgage industry. Tom also distinguished himself as industry innovator during this time by introducing the concept of forward bulk servicing trades to the mortgage industry. His efforts were instrumental in furthering bulk forward trades as a common practice. At Matrix, Tom also served as an advisor to the RTC, and in this role gained considerable experience and insight into the interworkings of the Federal Government and the process by which to effectively acquire assets from them.

Tom graduated from DePaul University in 1986 with a Bachelor of Science in Finance. He is married and has six children and lives in Denver, Colorado.

Evans D. Prieston
American Mortgage Law Group, P.C.
— Senior Managing Attorney

As a Senior Managing Attorney, Mr. Prieston actively manages complex mortgage banking mitigation and litigation matters for the American Mortgage Law Group, P.C. ("AMLG") and its diverse clientele (e.g., national mortgage lenders, warehouse lenders, secondary market investors, loan servicing companies, Wall Street banking firms and insurers). Mr. Prieston is an experienced trial lawyer in federal, state and local venues and has litigated and advised mortgage banking clients as it relates to insurance claims, insurance coverage and E&O coverage issues.

Mr. Prieston focuses his practice on mortgage repurchase issues. He represents clients to resolve repurchase demands throughout the United States and currently supervises staff attorneys and paralegals. He advises clients with solutions and resources to prevent and reduce the incidents of repurchase demands. He has been the attorney of record in compliance defense matters and complex mortgage resolution cases involving bankruptcy, appraisal issues, title actions, loan origination, securitizations, white collar mortgage fraud and insider trading.

Mr. Prieston received a B.A. in Political Science in 1977 from Fordham University and a J.D. in 1981 from San Francisco School of Law. He is admitted to practice law in California and New York. Mr. Prieston has spoken on numerous occasions relating to the issues of repurchases and insurance related issues.

Philip Rasori
MCT Trading — COO

Mr. Rasori is a recognized thought-leader in capital markets operations within the mortgage banking community. His areas of expertise include complex financial modeling, computational dynamics, and linear programming for operational optimization. He developed the ground-breaking mortgage pipeline hedging algorithms that form the foundation of MCT’s HALO Program today. He has also pioneered several metrics that have become standard industry parlance, including “beta pull-through” factors. In addition to banking clients, Mr. Rasori has consulted with GSE agencies and the US Government on hedging best practices for community banks. Mr. Rasori, has functionally led MCT operations since 2005 and ascended to his current role as COO in 2007.

Mr. Rasori is a graduate of University of California, San Diego, and holds a B.S. in Management Science.

Tim Rood
The Collingwood Group — Partner

Tim Rood is Partner of The Collingwood Group, which he co-founded in 2009.  Mr. Rood was co-founder and managing director of the firm’s predecessor company, Capital Financial Solutions.  The Collingwood Group’s primary focus is in the financial services sector, and the firm offers advisory and consultative services combined with access to decision makers, financial sponsors, corporate boards, and senior industry executives.  The company also provides business development opportunities and initiatives through commercial and government contracts, utilizing minority- and women-owned businesses as well as capital investments in small businesses. 

Mr. Rood brings more than two decades of mortgage industry and entrepreneurial experience to The Collingwood Group.  Prior to co-founding Capital Financial Solutions and then subsequently, The Collingwood Group, Mr. Rood was Vice President of First American, where he successfully led the company’s professional services group tasked with creating business solutions for the top ten lenders in the country.  Mr. Rood also served in the senior leadership roles of Senior Director and Principal of Fannie Mae’s eBusiness Division.   During his tenure at Fannie Mae, Mr. Rood consulted Fortune 500 executives from insurance, financial services, and banking industries on the strategic and economic opportunities and challenges associated with residential and commercial mortgage enterprises.  His efforts led to an increase in loan sales to Fannie Mae in excess of $20B per year and meaningful market share recapture from its competitors. 

A life-long mortgage industry veteran, Mr. Rood offers a unique combination of corporate discipline and an entrepreneurial mindset with respect to creative problem solving, fiscal discipline, and a keen sense of urgency in execution.  In his early career, before joining First American and then Fannie Mae, Mr. Rood pioneered and managed successful wholesale and retail mortgage businesses, as well as a Business-to-Business mortgage technology enterprise.

Mr. Rood holds a Bachelor of Arts degree in Business Management from Hodges University, where he graduated Cum Laude.  He, his wife, and their four children reside in Potomac, MD.

Michelle Rooks
Wells Fargo Home Mortgage — Vice President

Michelle Rooks is a seventeen year mortgage lending professional where she brings an emerging markets consumer segmentation specialty to her profession.  As a mortgage professional she has served in many leadership roles including business to business mortgage banking, national recruitment, title insurance, operations and  retail sales management to name a few.  Michelle uses her industry expertise to serve first time homebuyers, ethnic minorities, immigrant and low to moderate income consumers.  In her current role as vice president of business development with Wells Fargo Home Mortgage she primarily works with correspondent mortgage bankers within her twenty five state division covering the western portion of the country.  In this position Michelle has led Emerging Markets’ national marketing, communication, strategic planning efforts and has developed an extensive list of client focused business development tools and resources that continue to serve client needs today.

At Wells Fargo Home Mortgage Michelle has been responsible for building and implementing enterprise wide diversity recruitment, business development and training initiatives.  She has also managed national affinity relationships and faith-based initiatives and remains active in numerous community based efforts.  She has been a member of the Pan African Community Endowment (PACE) of the St. Paul Foundation for the past ten years where she currently leads their housing initiative and serves as board chair.  She is also a founding member and chapter president of the Urban Financial Services Coalition serving ethnic minorities within the financial services industry.  She also served as board chair for Sabathani Community Center over a four year rebuilding period for the organization.

John Sullivan
Financial Advisory Services Team — Director

John Sullivan is Director of Financial Advisory Services Team (FAST Advisors) which was founded in 1995.  Mr. Sullivan has been involved in buying, selling and evaluation mortgage servicing rights for over 22 years.  He began his career managing the mortgage servicing asset for Lomas Mortgage USA & Lomas Mortgage Partnership before leaving to form FAST Advisors where he is responsible for analytics and manages client relationships.  FAST Advisors specializes in providing independent third party analysis, accounting expertise and risk management to entities that retain mortgage servicing rights.  Mr. Sullivan received his Bachelor of Science Degree in Account from Texas Tech University.  He became a Certified Public Accountant in 1988 and currently resides in Dallas, TX.