David M David M Lehman II 129 Old

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					                                                            David M. Lehman II
                                                               129 Old Hyde Rd
                                                               Weston, CT 06883
                                                   Home: (203) 227-8041 Cell: (203) 451-5038
Work Experience

Structured Credit & Whole Loan Valuation Consulting                                                                               May 2008 - Present
      -   I have been working with several firms on a consulting basis to help value large portfolios of illiquid RMBS and Whole Loans.
               o 2005/6/7 vintage Subprime/Alt-A/Option Arm backed securities/whole loans.
               o AAAs all the way down to deep mezzanine and residual bonds.

Washington Mutual Capital Corp                                                                                                            New York, NY
Vice President - Non-Agency Whole Loan Trader                                                                          February 2005 – February 2008
      -    Responsible for pricing daily rates for Correspondent Alt-A Conduit adjustable rate mortgages
                o 3/5/7 Hybrid Arms (IO and Fully Amortizing, 1yr & 6 mo Libor)
                o Create and maintain Correspondent risk-adjusted pricing matrix for loan level pricing
      -    Bid daily MTA Option arm & hybrid arm bulk packages (released/retained)
      -    Created the GSE pooling model for fixed rate loans used by the desk for daily bidding/marking
      -    Created Servicing model for desk to evaluate Washington Mutual’s servicing bid for any given set of collateral characteristics
      -    Responsible for initiating and monitoring all website improvements

Morgan Stanley                                                                                                                          New York, NY
Associate - Non-Agency Whole Loan Trader                                                                               December 2003 to February 2005
      -    Priced/produced daily rate sheet used to buy whole loan mortgages for Conduit program via website
                o 15/30 Fixed Rate (IO/Fully Amortizing), 3/5/7 Yr Hybrid Arms (IO/Fully Amortizing), 1/6 mo Short Arms
      -    Used extensive knowledge of collateral/credit characteristics with firm IT Database to help build Conduit program from the ground up
      -    Conducted profitability analysis on all products bought through the loan-by-loan program
      -    Priced and approved all loans for funding
                o Included evaluating and pricing loans purchased as exceptions to standard guidelines
      -    Hedged loans inter-day with treasury and pass-through desks
      -    Optimized conforming loan’s exit through GSE pooling on monthly basis
Collateral Analyst                                                                                                         May 2003 to December 2003
      -    Worked with Scratch & Dent desk to process bid tapes and securitize distressed debt
      -    Worked with non-agency CMO desk to develop processes and methodologies on how to handle new Conduit initiative

Credit Suisse First Boston                                                                                                            New York, NY
Collateral Analyst                                                                                                            July 2002 to April 2003
      -    Worked with fixed and sub-prime mortgage desks in all aspects of securitizing collateral.
                o Monitored each desk’s position on a daily basis
                o Identified and fixed collateral abnormalities
                o Collateral analytics for both the desk and investor requests / worked with rating agencies
                o Performed amortization checks and rolling balances
                o Worked with accounting firms to tie-out collateral tables and analytics

Deloitte & Touche, LLP.                                                                                                                New York, NY
Collateral Analyst                                                                                                              July 2001 to June 2002
      -    Worked with Investment Banks and primary clients to provide comfort and support in collateral analytics. Clients included Goldman Sachs,
           Credit Suisse First Boston, Bear Stearns, Bank of America, Merrill Lynch, Greenwich Capital, UBS Warburg, Lehman Brothers, Washington
           Mutual, Morgan Stanley, Salomon Smith Barney, and J.P. Morgan Chase.
      -    Advanced understanding of CAS (Collateral Analysis System) software
      -    Performed Due Diligence on a variety of loan types
                o Including disaster recovery loans, loans with negative amortization, balloon loans, construction loans, FHA/VA loans, and all types
                     of 1-4 family residential loans
                               FNMA, GNMA, sub-performing, non-performing, and re-performing mortgage loans


      -    Fluency in Intex Dealmaker
      -    Advanced understanding of Microsoft Excel and CAS (collateral analysis system)
      -    Strong leadership and communication skills
      -    Series 7 & Series 63 Licensed


Lehigh University, Rauch School of Business & Economics / Bachelor of Science, Finance, Dual Major: Marketing
Major GPA: 3.77/4.0 Awards: Dean’s List
     - Apprentice Teacher, Financial Derivatives - Tour Guide & Student Ambassador, Lehigh Admissions

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