1. MICHAEL PARETTI
7610 Ridgedale Court, Sachse, Texas 75048 | Cell: (714) 726-0572 | Michael.P.Paretti@gmail.com
SUMMARY
Over 15 years of industry experience. A Special Servicingleader who specializes in maximizingefficiency through
strategic management and organizational development in various capacities within defaultservicing(loss
mitigation,assetmanagement, and executive customer relations) performed financial analysis to approveand
deny Short Sale, Deed in Lieu, Loan Modifications,and Collection Workouts to maximize the profitability and
mitigate loss for the company and its investors whilemaintainingcustomer satisfaction and adheringto company
policy and regulatory compliance.
CORE COMPENENTCIES
Loss Mitigation ▪ Asset Management ▪ Regulatory Compliance▪ Risk Control ▪ Training/Mentoring ▪ Process
Improvements ▪ Policy & Procedure Development ▪ Forecasting/Goal Setting ▪ Quality Assurance▪ Underwriting ▪
Prime/Sub-Prime/GSE Mortgage Servicing Modifications/ShortSales/Deed in Lieu
PROFESSIONAL EXPERIENCE
LOSS MITIGATION SUPERVISOR – LEASE RECOBERIES | ALLY FINANCIAL | 12/2013 – 01/2016
Managed a team of 8 to 12 agents as a Loss Mitigation/Recovery Supervisor,includingcollection on postcharge-
off Retail/LeasingAccounts, document collection,repayment alternatives and settlements, legal review and
vendor assignments.Assisted the Executive Office in handlingregulatory complaintspertainingto leased accounts.
Accepted additional responsibilities and took on special projects includingpolicy review/updating,successfully
managed the retiringof and creation of our servicingplatformin addition wealso implemented a new dialers
system.
 Represented Collections/Loss Mitigation in cross-functional projects.
 Took initiative to assist management on reporting needs to include productivity, incentive, and compliance
for the Recovery Department.
 Consistent in maintaining a top performing team while also taking on additional assignments.
 Assisted with the training and development of New Hires
UNEMPLOYMENT | LAYOFF | 06/2013 – 12/2013
ASSET MANAGER – DEED IN LIUE | REDC DEFAULT SOLUTION | 01/2011 – 06/2013
Responsibleto evaluatehomeowner’s eligibility for foreclosurealternativeprograms.Responsiblefor the review,
final underwritingand approval of Deed in Lieu for several largeservicers.Obtained approval fromthe
servicers/investorswhen an accountfell outsideof our approval authority.Assisted homeowners by negotiating
and settling previous titlejudgments that were preventing a clear titleto complete the deed in lieu process.
Coordinated with titlecompanies to ensure timely completion of title closings and to ensure that the assetwas
processed and that ownership indicated the proper servicer/investor as the new owner.
 Specialized in GSE Deed in Lieu Fulfillmentand obtained approval fromFannie Mae on behalf of the
servicer..
 We successfully lowered the process time for a deed in lieu to less than 30 days from the initial contact
which was on average 12 daysfaster than the in-house teams.

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MODIFICATION SUPERVISOR | JP MORGAN CHASE/EMC MTG | 05/2007 – 01/2011
Started at EMC Mortgage as a modification specialist.Successfully implemented and developed the process for our
imminent defaultmodifications for homeowners that were current on the mortgages but were at risk for
defaultingon their loan.Promoted to Modification Supervisorand was responsiblefor 15 agents. .
 Assisted in creatinga 2 location in California. Collaborated with management to develop process flows
and trainingfor leadership and staff.
 Took initiativeto assistmanagement in the creation and implementation of the MHA/HAMP modification
process.Collaborated in the evaluation,redesign and successful implementation of modification
fulfillmentprocess reducingerrors and lead times. Conduct reviews of loans for complianceadherence
and mitigate risk to the company.
DEFAULT COLLECTOR | NEW CENTURY MORTGAGE | 08/2004 – 05/2007
Started as a firstpayment defaultspecialistresponsiblefor reviewingnew accounts that defaulted prior to making
a payment. Challengewith identifyingpotential risk such as strawpurchasers,fraud,and consistentpatterns by
brokers and appraisers to mitigate the companies risk.Promoted to a Default Collector responsiblefor a portfolio
of appx 250 accounts.Responsiblein helpingnon-performingloans avoid further delinquency/foreclosureby
working with homeowner to identifyingways to repay their accounts or refer for other workout options such as
shortsales,or modifications.
 Move Out of State/Texas 05/2007
.
DEFAULT COLLECTOR TEAM LEAD | AMERIQUEST MORTGAGE | 04/2001 – 08/2004
Started as a 0-30 Day Collector.Consistently a top performer month over month. Promoted to a defaultcollector
responsiblefor collectingon accounts thatwere delinquent2 or more payments. Promoted to Team Lead assisted
3-5 collectors with escalations.
EDUCATION/SKILLS
WESTERN GOVENORS UNIVERSITY | WGU TEXAS | IN-PROGRESS
BS Finance – Current on term break with intentions of returning
LOARA HIGH SCHOOL | ANAHEIM, CA | DIPLOMA | GRADUATED 06/1998
REFERENCES
Professional:VinceRanieri | Phone: (214) 470-3062 – SVP REDC Default Solutions
Professional:Roy Naraine| Phone: (972) 746-5545 - Chase Home Finance
Professional:Jeffrey Altman | Phone: (870) 213-6503 = REDC Default Solutions