RICHARD GRIMES
Plano,TX
Summary
Strategic Senior Credit Risk Manager with extensive expertise in special assets, loan workouts, underwriting, and complex portfolio management. Proven track record of significantly reducing loss exposure through the execution of high-stakes restructures and effective collaboration with executive leadership, regulators, and legal teams. Skilled in managing criticized assets and developing innovative resolution strategies that enhance credit quality across diverse portfolios. Committed to driving organizational success by leveraging analytical insights and risk mitigation techniques.
Overview
23
23
years of professional experience
Work History
Executive Director
Integrity Loan Solutions, LLC
10.2024 - Current
- Provide commercial loan brokerage services to small business owners, specializing in SBA 7(a) and 504 financing.
Vice President, Business Development
North Texas Certified Development Corporation
02.2017 - 09.2024
- Partnered with commercial banks to structure and deliver SBA 504 financing for owner-occupied commercial real estate.
Vice President, Special Assets
First State Bank, Mesquite, TX
Mesquite, TX
11.2011 - 02.2017
- Managed a 70-loan classified portfolio, reducing criticized assets by 75%.
- Prepared detailed loan review memorandums including credit history, collateral analysis, and exit strategies.
- Performed cash-flow analysis and underwriting to assess repayment capacity.
- Collaborated with executive leadership to determine loan loss reserves and risk ratings.
- Presented quarterly criticized-asset reports with action plans to executive loan committee.
- Negotiated with borrowers and legal counsel to implement loss-mitigation strategies.
- Coordinated with legal counsel to maximize recoveries on distressed assets.
- Completed 60+ in-house real estate collateral evaluations using the Netris platform.
- Prepared annual classified-loan migration plans for regulatory agencies.
Project Manager
Huron Consulting Group • Solomon Edwards Group • Micah Mortgage Services
07.2008 - 11.2011
- Supported FDIC receivership operations, including asset resolution and disposition for failed banks.
- Led teams of asset managers during bank closings and portfolio transfers.
- Authored 15-page Strategic Resolution Business Plans and Statements of Work.
- Conducted loan file reviews for conversion to FDIC servicing systems.
- Managed non-performing loan resolution, analyzed unfunded commitments, and developed ORE marketing plans.
- Executed wind-down of 18 bank-owned subsidiaries, including CRE mortgage companies, ORE management entities, MBS originators/servicers, and a reverse-mortgage platform.
- Developed project plans, aligning resources and tasks with client objectives.
- Delivered exceptional customer satisfaction by proactively addressing client concerns and meeting or exceeding expectations throughout the engagement process.
Senior Commercial Loan Underwriter
JPMorgan Chase Bank, Dallas, TX
Dallas, TX
01.2006 - 01.2008
- Prepared underwriting packages for commercial loans ranging from $100K to $5M.
- Collaborated with bankers on credit structure, policy compliance, and credit decisions.
- Identified key risks and mitigating factors to support accurate risk grading.
Senior Loan Workout Officer
Beal Bank, Plano, TX
Plano, TX
01.2003 - 01.2006
- Managed a $195M SBA non-performing commercial real estate loan portfolio.
- Partnered with ORE department to dispose of 10 properties valued at $10M across four states.
- Negotiated restructures on $5M in commercial loan balances.
- Presented 30 loan review profiles to credit committee for foreclosure actions.
- Negotiated settlements and compromises through court-ordered mediations.
- Conducted due diligence for potential portfolio acquisitions and reviewed appraisals and environmental reports.
- Inspected CRE collateral to determine disposition strategies.
Education
BBA - Finance
The University of Texas At Austin
Austin, Texas, TXSkills
- Special Assets Management
- Loan Workouts & Restructuring
- Credit Risk Review FDIC Receivership
- Portfolio Migration & Asset Disposition
- Negotiation & Loss Mitigation Commercial Real Estate Analysis
- Litigation, Foreclosure & Bankruptcy Processes
Timeline
Executive Director
Integrity Loan Solutions, LLC
10.2024 - Current
Vice President, Business Development
North Texas Certified Development Corporation
02.2017 - 09.2024
Vice President, Special Assets
First State Bank, Mesquite, TX
11.2011 - 02.2017
Project Manager
Huron Consulting Group • Solomon Edwards Group • Micah Mortgage Services
07.2008 - 11.2011
Senior Commercial Loan Underwriter
JPMorgan Chase Bank, Dallas, TX
01.2006 - 01.2008
Senior Loan Workout Officer
Beal Bank, Plano, TX
01.2003 - 01.2006
BBA - Finance
The University of Texas At Austin
ADDITIONAL HIGHLIGHTS
Experience with FDIC Strategic Asset Resolution Plans for institutions ranging from $400M to $17B