Relationship Manager or REO Asset Manager

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Patrick C. Freeman +-------------------------------------------------------------+ | 702 Epperson Way | Cell 281-728-2520: Home 281-980-3425 | |----------------------+--------------------------------------| | Sugar Land, TX 77479 | [email protected] | +-------------------------------------------------------------+ SUMMARY I am an accomplished and multi-talented professional with 30 years in the banking industry specializing in sales, credit, and real estate asset based portfolio management. I am capable of fitting into many high-level lending / REO positions, and further, I can easily be transition into new rolls when the industry/market conditions swings. Areas of expertise include: +------------------------------------------------------------------------+ | * Loan Origination | * Marketing and Sales | * Business | | | | Development | |------------------------+-------------------------+---------------------| | * Contract/Legal | * REO / ORE Asset | * Customer | | Analysis | Management | Relationships | |------------------------+-------------------------+---------------------| | * Contract | * Asset Portfolio | | | Repudiation | Management | * Credit Analysis | | | | | | * Risk Management | * Strategic Planning | * Loan Operations | | | and Implementation | | |------------------------+-------------------------+---------------------| | * Real Estate Title | * Real Estate | * Project | | Analysis | Valuations | Management | +------------------------------------------------------------------------+ PROFESSIONAL EXPERIENCE * Contract Work SolomonEdwardsGroup, Wayne, PA August 2009-September 2010 Asset Manager (Contractor) Currently On Call Dedicated high level expertise in the management and disposition of a distressed $3.2 billion mortgage warehouse loan portfolio held by the FDIC as Receiver for Colonial Bank and Platinum Community Bank, Orlando, FL. As a Task (by project) Asset Manager, successfully supervised 2 to 22 staff members. * Researched and delivered analysis/reports to substantiate a $1.0 billion FDIC claim in mortgage ownership rights. * To FDIC's benefit, uncovered approximately $480 million of mortgage loan participation interests. * Provided viable solutions to the FDIC via hundreds of case recommendations involving mortgage loan resolution and third party contract actions/repudiation to maximize asset/loan recovery values and/or minimize FDIC risk, respectively. FDIC's concurrence/approval rate was ~100%.

Stone Advisors LP, Dallas, TX

September 2008-August 2009

Asset Servicing Professional (Contractor) On-site post closing asset management subcontractor for the FDIC as Receiver for Silver State Bank, Henderson, NV. * Authored FDIC case recommendations involving mortgage loan resolution and third party contract actions/repudiation to maximize asset/loan recovery values and/or minimize FDIC risk. FDIC's concurrence/approval rate was ~100%. * Managed a deeply distressed $151 million commercial loan portfolio. Bank Consultant & 2007 - 2008 At The Field, LLC (DBA: At The Field Photography), Sugar Land, TX 2008 (currently inactive) Owner * While concurrently investigating banking related opportunities, opened a business to pursue a personal passion. * Mortgage Warehouse Lending (Capital Lines of Credit) Washington Mutual, Mortgage Banker Finance, Houston, TX 1997 - 2007 Bank United, Houston, TX (acquired by WaMu) Vice President, Relationship Manager III Successfully sold and serviced mortgage purchase agreements and revolving warehouse lines of credit to Mortgage Bankers (where individual credit commitments ranged from $15 million to $2.5 billion). Entire department laid-off as part of WaMu's corporate downsizing strategy. * Serviced a $1.8 billion mortgage warehouse loan portfolio that delivered net income of ~$8 million per year. * Effectively managed and safely expanded client relationships that focused on profit margins, quality service, and effective collateral management. * Developed and serviced a $1.2 billion commercial deposit portfolio (used to fund the department's credit demands). * Mortgage Banker Finance Competitor Presentation Contest, Commercial Group, 2006: 1st Place. * Performance Awards, Commercial Group, 2004, 2005 & 2006: Outstanding Individual Performance Recognition. Coastal Bank, SSB, Houston, TX 1990 - 1997 Assistant Vice President, Warehouse Lending (1995 - 1997) Sold and closed revolving mortgage warehouse lines of credit to Mortgage Bankers.

* Successfully developed and serviced a $168 million mortgage warehouse revolving lines of credit portfolio. * Effectively managed client relationships that focused on quality service, collateral management, and product development. * REO Sold over 1,000 pieces of real estate throughout the U.S with higher recovery amounts than competitor banks. At each company identified below, focus was on minimizing carry costs and maximizing asset recovery value. Success was measured through property sale closings & marketing time analysis, rental property analysis, and budget scrutiny. Activities were proficient by utilizing pro-active marketing strategies, sound financial analysis (including Discounted Cash Flow analysis), and preparing title conveyance early. Coastal Bank, SSB, Houston, TX (continued from above) Assistant Vice President, REO (1990 - 1995) * Managed and successfully liquidated a $62 million REO portfolio (single family, multi-family, and small commercial real estate properties.) The contractual ten year obligation with the RTC/FDIC was completed in six years, whereby the Company was awarded an early performance settlement of $1 million. First Gibraltar Bank, FSB, Houston, TX 1988 - 1990 Asset Manager, Land Lending Department - REO * Managed and successfully liquidated a $27 million REO portfolio (single-family lots and vacant commercial real estate properties.) Home Savings Association, Houston, TX 1983 - 1988 (Merged into First Gibraltar Bank above via FSLIC's Southwest Plan) Asset Manager, Real Estate Department - REO * Managed a staff of three and successfully liquidated a $46 million REO portfolio (single family, multi-family, and small commercial real estate properties) and generating $1 million annual gross rental revenue. EDUCATION Graduate Degree, Southwestern Graduate School of Banking at Southern Methodist University, Dallas, TX B.B.A, Marketing, Western Michigan University, Kalamazoo, MI Proficient in Microsoft Office Applications * A Background Investigation (BI) was completed by U.S. Office of Personal Management (US OPM) on March 6, 2009, and a favorable determination was made. * Non-smoker

PATRICK C. FREEMAN PAGE 2 281-728-2520

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