Banco Popular de Puerto Rico

Frank T. Pallotta has spent over 20 years in the mortgage banking industry starting at Goldman Sachs in 1990 through his current role as a partner of Loan Value Group, LLC. At Goldman Sachs, Frank worked with the firm’s clients to help manage their risk by offering investment advice, providing liquidity, and facilitating warehouse financing. Frank moved to Credit Suisse in 1995 where he helped build and run their Mortgage Banking sales effort, and was instrumental in the design of their mortgage origination business. In 2003, Frank was recruited by Morgan Stanley to lead an effort to construct a fully integrated, mortgage origination business and was one of the founding members of a team which eventually grew to more than 2000 worldwide. In 2005, Frank was appointed as co-head of Morgan Stanley’s Mortgage Conduit platform running a team of nearly 125 mortgage professionals based in Boca Raton, FL. His responsibilities grew to include underwriting, compliance, loss mitigation, fulfillment, valuation, and general oversight of the Conduit. In 2007 and 2008, Frank and his team led Morgan Stanley through crisis in a deteriorating mortgage market by aggressively adjusting risk parameters, underwriting guidelines, and policies& procedures in the Firm’s conduit operation. He helped create an aggressive strategy thatquickly identified, packaged, and sold distressed residential assets ahead of a collapsing housingmarket. He is also responsible for the creation and oversight the firm’s loan repurchaseoperation, where recoveries were among the industries highest.After leaving Morgan Stanley in 2008, Frank helped found Loan Value Group LLC of Rumson,NJ. LVG works with servicers and owners of mortgage risk to positively influence consumerbehavior to reduce the threat of strategic default. Their innovative strategy – The ResponsibleHomeowner Reward Program – offers mortgage risk owners a variable cost, turnkey solution tothis growing trend. LVG’s unique combination of behavioral economic theory, risk managementtechnology, and consumer marketing expertise, has positioned the firm as an industry leader inthe identification and prevention of strategic default.Frank is a frequent commentator on mortgage industry issues in key national media, includingThe Wall Street Journal and American Banker. He is a recurrent participant in round tablediscussions and speaks frequently on the US residential Markets and related topics.Frank is a graduate of St. John’s University in New York with a BS in Finance. He can bereached at 732-741-7300 or frank@LoanValueGroup.com.

Ivy Zelman is a veteran equity research analyst and is the founder and CEO of Zelman & Associates. Zelman & Associates is a first rate research boutique that produces extensive macro and company-specific research, including coverage of twenty-three individual stocks. Zelman clients receive timely, unique and data intensive research, including propriety monthly surveys of executive-level leaders throughout the homebuilding, home improvement, non-residential construction, land development, banking and mortgage industries.

Mr. Griggs joined Ascension Capital Group in December 2008 as Chief Operating Officer. His 30+ years of experience in all aspects of financial services includes servicing, collections, loss mitigation, sales, credit policy, credit risk management, underwriting, finance, treasury, systems and human resources. His background also encompasses a wide array of loan products as well, including auto, sub-prime auto, mortgages, sub-prime mortgages, high-LTV mortgages, home equity, sub-prime home equity, unsecured loans, and securities brokerage. John’s previous employment includes seven years at Capital One Auto Finance where he was Managing Vice President of Customer Servicing, leading all of the customer service, collections, loss mitigation, repossessions, vehicle remarketing, recoveries, document management, and payment processing activities for their $24 billion auto portfolio. Prior to joining Capital One, John’s experience includes twenty-seven years with Citigroup, Household International (now part of HSBC), and Banc One in both operations and financial roles, and was Chief Financial Officer of two of their subsidiaries. Mr. Griggs holds a B.S. in Accounting and an MBA.

Robert Kimble is the Senior Director of Non Performing Loans Servicing – Pre-Foreclosure Sale Liquidations. He leads an area responsible for all foreclosure and bankruptcy functions, designated counsel, default reporting, short sales, damaged and distressed assets, servicer performance, fee and cost over-allowables, penalties and incentives. Kimble has been with Freddie Mac for 14 years, holding various positions of increasing responsibility in the company’s Default Asset Management and Operations Divisions. Prior to joining Freddie Mac, Bob was a Default Manager at ITT Residential in San Diego, CA. Bob graduated from the University of Maryland and holds a Bachelor of Science degree in Business Administration/Accounting.