RICHARD D.

ROMERO
Southlake, TX 76092 Cell (619) 855-5300 rromero256@gmail.com PROFESSIONAL SUMMARY: Extensive Audit and Compliance experience in the financial services industry with heavy operational knowledge of the mortgage loan origination and servicing cycle. Knowledge is complimented by a deep understanding of Governance and the evaluation of operational risk and controls including applicable laws, regulations and vendor oversight. A successful builder of business relationships, departments, processes and various review type programs with emphasis on compliance, operations and financial controls. Proficient in applications and systems relating to originations, servicing, audit, compliance and quality control. A conceptual and detailed individual who can adapt to change and is recognized by peers as a leader, team member and trusted advisor. SKILLS: Management Remediation Plans Quality Control and Assurance Cogent Reporting Budget and Planning Continuous Business Monitoring MSP Audit Risk Assessment Process and Control Design FiServ Compliance Risk Methodologies Policies and Procedures Pause Advisory Root Cause Analysis Design of Review Programs Autoaudit

EMPLOYMENT HISTORY: 2012 2013 Senior Vice President, Retreat Capital Management, Irving, TX Served as a senior member of the management team for this $30 million revenue generating organization and managed 100+ team members. The business focused on providing highly skilled specialized resources and tailored operational process enhancement solutions to the banking and financial services industry. The company concentrated on all facets of loan origination and servicing business with specialty services in regulatory change management, enterprise risk programs, operational risk and quality assurance. Services were provided to clients on a project or co-sourced/outsourced delivery model utilizing onshore teams complemented by offshore resources located in India and the Philippines. Managed the performance of multiple Statements of Work providing guidance and direction, as needed; Actively participated in the performance of complex Statements of Work involving regulatory settlement compliance, regulation assessment and applicability, post close quality control, servicing quality control, in line quality assurance, process and functional enhancements or transformations, gap assessments and development of risk based methodologies Managed the development of offshore Statements of Work from both a strategic and tactical perspective to achieve client performance and quality expectations; Designed a hybrid structure to minimize regulatory and reputation impact Instrumental in recruiting highly skilled and experienced talent to the organization creating the ability to support clients specialized needs. Team increased from 30 in 2011 to over 200 by Q1 2013 Key participant, in growing revenue from $4.7 mn in 2011 to over $31 mn in 2012 and on track for $20 mn in 2013 Participated in growing EBITDA from under $1 mn in 2011 to over $7.5 mn in 2012 Managed and annual budget and organization of $22mn Active participant in the business development and sales cycle including Requests for Proposal; resulted in diversification of client base from one key client to over half a dozen 2007 2012 Executive Director Morgan Stanley, New York, NY Assigned responsibility for audit oversight of Saxon Mortgage Servicing; a $65 billion organization and subsidiary of Morgan Stanley located in Texas. Responsibilities also included Morgan Stanley Credit Corp., the loan origination arm of the Firm located in Illinois from 2007 to 2009; Performed end-to-end operations, compliance, financial, and integrated audits. Involved in all phases of the audit planning, testing, reporting and budget process and monitoring of management action plans; participated in challenging audits when necessary to support the team of five auditors Audits performed placed heavy emphasis on regulations, operating controls and vendor oversight; Partnered with Compliance and Legal; advised on policies and procedures updates; and performed specialized regulatory reviews Consulted business management on external events and the design of governance, regulatory and process change Monitored business activities to assess change in regulatory, operations, financial, and reputation risk Performed and provided oversight on loan origination or real estate related audits. Designed and maintained a risks and controls library pertinent to loan servicing and originations Mentored and developed the careers of staff coupled with transference of knowledge. Interacted with regulators, treasury, rating agencies, investors, external auditors, GSEs as required or requested by the General Auditor, Managing Director or line of business management 1

Richard D. Romero Resume

2002 2007 Director, Accredited Home Lenders, San Diego, CA Served as the auditor for this $12 billion non-prime residential mortgage company that encompassed the planning, managing and directing of loan originations and servicing reviews, quality control loan reviews and Sarbanes Oxley control testing; Managed a staff of 14 and reported to the Audit Committee of the Board of Directors; Established the internal audit function for the Company and redesigned the Quality Control function brining automation and granularity of reporting to identify root cause of loan defects. 1997 2002 Vice President, GreenPoint Bank, San Diego, CA Operations Control Manager (1999 2002) Responsible for a team of five professionals and reported to the Executive Vice President of National Operations manufactured housing division (originations and servicing); Activities centered on compliance with company standards and Federal and State laws and regulations; Provided executive management with insight on process design, controls, and mitigation of risk and project guidance; Also shared management responsibility for the coordination and oversight of due diligence reviews performed for securitizations. Corporate Audit Manager (1997-1998) Responsible for the oversight of GreenPoint Credits manufactured housing business; Established the function for the parent company. Developed the budget, annual plan, and directed five internal auditors and three compliance professionals. Audit activities included loan processing and underwriting, customer care, collections, foreclosures, repossessions, accounting, treasury and financial reporting. Compliance responsibilities included the development and maintenance of a compliance network, program, policy and procedure updates, HMDA reporting, inquiries and complaints, and the coordination and response to State and Federal examinations. 1988 1997 Vice President, Bank of America, San Diego, CA Manager Operations & Compliance (1996) Directed the activities of ten professionals and reported to the Senior Vice President of Support Services. Reviewed centralized and branch network loan processing, underwriting, funding and management oversight activities of both real estate and nonreal estate secured loans; Monitored the servicing and default activities for compliance to company and regulatory guidelines; and acted as a consultant to all levels of management in the areas of operation control environment, policies/procedures and internal/external examinations. Corporate Audit Manager (1993 1996) Administered the activities of twelve auditors and responsible for the oversight of the financial services and manufactured housing subsidiaries. Served as the audit team compliance subject matter expert and liaison to the Corporate Compliance group; consulted with audit management, staff, and business partners on regulatory compliance concerns (e.g. OCC, OTS, FTC, FDIC...); Performed audits of larger more complex business partner activities; Trained audit and business partners on COSO and risk assessments. 1981 1993 EMPLOYMENT HISTORY: Bank of America Audit Supervisor; AmeriStar Mortgage Audit Manager; Central Savings Loan Servicing and Audit EDUCATION: Bachelor of Business Administration Finance Loyola Marymount University, May 1980 Los Angeles, California 90045

DESIGNATION: Certified Fraud Examiner February 1993