Steven Corbin

Lead the Collateral Valuations Dept within the Single Family Division of Fannie Mae. Set the strategic direction of the unit which has seen a 175% increase in business lines while increasing efficiency and costs over the 5 years of leading it.

• Established data-driven decision-making processes and implemented best practices in analytics to optimize performance across the organization.
• Innovated and implemented robust property recommendation tool which matches appropriate product to risk and reduces overall spending.
• Oversee rigorous risk management and compliance standards which has yielded no material regulatory or Internal Audit findings over the last 5 years
• Enhanced accuracy metrics by ~20% over the course of leadership tenure as measured by M3T
• Enhanced internal communication channels, resulting in improved information flow and decision-making processes.
• Championed continuous improvement initiatives to drive operational excellence within the organization.
• Cross-functional collaboration with Real Estate, Collateral Policy, NPL/RPL Working Group and other customers which have resulted in new business lines and strong customer feedback as measured by Voice of Customer Surveys
• Foster and cultivate employee development and opportunity which has resulted in very high Employee Survey Scores, retention, and new skills and capabilities for workforce

• Worked closely with Loan Quality and Credit Risk leadership to guide operational strategy.
• Improved team efficiency with strategic planning, resource allocation, and time management practices while developing a more productive relationship with QC dept.
• Leveraged data analytics insights for informed decision-making in critical areas such as triage selection, random, and discretionary sampling.
• Cultivated a positive work environment that fostered employee engagement, increased employee survey scores and boosted overall team production.
• Collaborated with Collateral Policy on AQM and Defect-Action Matrix to simplify and improve program and artifacts

• Manage the associated departments responsible for the development and quality of all valuations within the REO and Pre-foreclosure channels of the FNMA Real Estate Asset Team
• Since 2010, this team has developed over 3 million valuations
• Has created and led 4 associated departments of 100+ employees, including 2 Director and 8 Valuation Managers, in the planning, documenting, implementing, and management of division and corporate objectives
• Ensure that external valuations and internal reconciliations for the REO and Pre-foreclosure (short sale, third-party, NPL/RPLs and pool) channels adhere to rigorous quality and consistency standards in a strong control environment
• Develop, amend, and monitor policies and procedures for department that adhere to corporate, external auditor, and regulatory guidelines
• Develop and adhere to annual budget with appropriate resource management and headcount modeling in conjunction with corporate partners in finance and accounting
• Work with Technology and Collateral Underwriting teams to continue further iterations of the leading appraisal review tool within the mortgage industry
• Develop and manage relationships with numerous external groups including current and prospective vendors, MI companies, trade groups/associations, institutional investors and servicers to ensure current issues are addressed
• Work cross-functionally with REO Sales Team, Servicing and NPL Team to ensure best practices around the valuation and marketing of assets
• Plan and oversee development of analytical tools to monitor production, implement efficiencies, and reduce costs
• Provide department members with opportunities of professional and technical growth through special projects, mentoring, training, and industry events
• Developed seasoned leadership team by way of both internal promotions and external hiring; Retained key team members through disruptive business cycles
• Work in conjunction with Corporate Procurement to administer RFPs for valuation products and services including pricing and contract negotiations
• Work with Corporate Modeling and Analytics group on valuation related issues and to ensure appropriate communication within the cross-functional groups
• Present to corporate leadership, board of directors, investors in credit risk transfers, and external auditors on on-going departmental processes and initiatives.

• Manage residential valuation process for Goldman Sachs Due Diligence Team
• Work with conforming and non-conforming mortgage trading desk on whole loan acquisitions and dispositions ranging from 20 - 12,000 loans
• In addition, manage valuation process for both retail and wholesale platforms on a loan-by loan basis
• Develop standard protocols and policy in valuation of whole loans for both acquisition and disposition
• Collaborate with trading desk and transaction managers on whole loan valuations
• Manage national vendor base of valuation providers that include AVM's, BPO's and all types of appraisals
• Develop relationships with chief appraisers and senior staff of valuation providers to ensure quality and timely work product
• Review complex and high dollar appraisals for GS Bank, wholesale, and retail platforms
• Provide training to underwriters and operation managers on appraisal related issues
• Ensure proper and effective communication between all teams within the mortgage platform in relation to valuation
• Keep abreast of current events within appraisal and valuation industry by way of industry events and Appraisal Institute to ensure valuation risk management compliance
• Monitor quality control of appraisal product within wholesale retail platforms
• Ensure best practices of valuation process by complying with both USPAP and HVCC
• Leverage all known micro and macro data tools to drive valuation risk management
• Perform standard tie-outs of valuations with counterparties on whole loans
• Manage valuation analyst team and act as supervisory appraiser for two appraisal trainees.

• Manage appraisal operations for state of Ohio and for Remote Appraisal locations in Virginia and Maryland involving 2500+ origination transactions annually; periodically managed appraisal operations in the states of Tennessee, Kentucky, Indiana, and Michigan involving 5000+ transactions annually.

• Manage state-wide appraisal operations in Ohio urban areas including Cleveland, Toledo, Columbus, and Cincinnati which included personal production of appraisals and reviews.

• Appraise all types of residential properties including SFR, 2 – 4 Units, PUDs, Condominiums, and vacant land.