Stephen Hozie, CPA PFS CFP®

Fractional CFO Services for Businesses; Tax Return and Financial Planning for Individuals

Providing financial advice to mortgage banking firms.

AHMSI was a privately held mortgage servicing company owned by funds controlled by Wilbur Ross. The company started operations in November 2007 and acquired three significant servicing portfolios. By April, 2009 the servicing portfolio was approximately $110 billion and the number of employees was approximately 2,200. The Company originated loans through a joint venture with a large private mortgage company.; Reported to the Chief Executive Officer. Managed the Accounting, Tax, Treasury, Cashiering, Investor Reporting, Bank Reconciliation and Financial Planning/Analysis functions. Recruited all direct reports and developed and implemented all financial policies and procedures, reports and system applications. Negotiated the joint venture contract and managed the relationship with the joint venture partner to originate loans. Hired KPMG to perform the first annual audit for the Company and managed that relationship resulting in an unqualified audit opinion. Negotiated a $1.2 billion securitized servicing advance facility.

Reported to the Chief Executive Officer. Managed a team of 508 employees through six direct reports including a Controller, Treasurer, Servicing Manager, Budgeting Manager, Risk Management Manager and Investor Relations Manager. Responsible for accounting, tax, treasury, financial reporting, forecasting and budgeting, asset/liability management, investor relations, and loan servicing. Also, was responsible for Sarbanes-Oxley 404 Internal Control assessment and testing, MSR valuation and analysis, and sales of GNMA early buy-out loans. Member of Executive Management Committee. Directed the ALCO Committee Meetings with responsibility for all materials and attended and presented at all Board of Director meetings. Developed policies regarding interest risk management. Raised common and preferred equity each year for three years working with several Wall Street Underwriters and Attorneys and participating in road shows. Was the primary point of contact for equity analysts Participated, with Chief Executive Officer, on quarterly earnings conference calls and numerous investor meetings. Recruited and hired all six direct reports. Negotiated several warehouse lines of credit. Analyzed M&A targets for strategic fit and economic impact Maintained earnings and cash flow forecasts for all business units Knowledgeable of senior subordinated securitizations.

WAMU acquired Fleet Mortgage Group shortly after acquiring PNC Mortgage and Long Beach Mortgage and then followed that up with acquiring Dime Mortgage. I was responsible for consolidating the MSR valuation and risk management functions for all companies.

Initially was hired to manage the mortgage servicing rights portfolio, but was promoted to the acting CFO position. Managed a large derivative portfolio that was used to hedge the interest rate risk associated with the MSR portfolio.