Jeffrey Claerr

Credit Recovery Group

Responsible for managing a team of collectors who minimize losses and maximize recoveries on a portfolio of ICL's, HELOC's, CRE, and jumbo mortgages.

• Manage the entire bank's portfolio of commercial real estate workouts.
• Work with external mortgage servicers to ensure all consumer workout plans are adhered to.
• Complete quarterly reporting for loan modifications and delinquency.
• Proficient in all consumer & commercial protection laws.

Portfolio Analysis & Strategy

Responsible for extensive reporting and identification of the entire population of commercial Loan Modifications (formerly TDR's) and adequately calculating reserves for all loans using accounting policies such as CIA, FAS 114, FAS 91, CECL, ILM, etc

• Participation in all SAC (special asset committee) meetings across all commercial lines of business.
• Review and advise on all commercial loans involving business credit, commercial/corporate banking, real estate, REIT's, syndication loans, participation loans, etc.
• Heavily involved in bank workouts throughout all lines of business.
• Monthly reporting on all Loan Modifications that are submitted in the company's 10Q and 10K financial disclosures. Ensure Loan Modification SOX compliance across entire commercial loan divisions.
• Review of modifications on all loans across all commercial markets rated PD 13 to determine Loan Modification status.
• Extensive work in Excel, SAS Enterprise Guide, and JupyterHub to collect, report, and modify data for reporting purposes.

Special Asset Management

Responsible for workouts on a commercial loan portfolio consisting of 20-50 troubled relationships covering several markets across multiple states including small business, wealth management, commercial, industrial, investment grade real estate, syndication, and participation loans with exposure in excess of $10,000,000

• Facilitates foreclosures, liquidations, short sales, lawsuits, refinances, forbearance agreements, and note sales.
• Strong skill set of credit analysis, loan restructuring, due diligence, documentation, and risk management.
• Proficient in foreclosure and bankruptcy laws, analyzing financial statements and tax returns, operating loan documents, cash flow analysis, appraisals, and environmental reports.
• Responsible for training all Asset Resolution Team employees, testing all defects, and creating a step by step procedure guide for all of the Asset Resolution Team on newly implemented systems.
• Completed RBC on-site portfolio reviews and acted as an expert/lead instructor for the roll-out of the PAMS system.