McGurl Risk Advisors, LLC

McGurl Risk Advisors, LLC

Stephen McGurl, AMP, CMB

13506 Rivermist Road Midlothian, VA 23113

About the Expert

Steve has over 30 years of experience in the mortgage banking industry. As a Managing Director in the Financial Services space, His primary focus has been providing solutions in the Compliance, Fair Lending and Controls for Banks, Credit Unions and mortgage lenders. He has been an Executive in Operations, Sales, Credit and Account Management at several Top Ten Lenders. He has owned a mortgage company and understands what is involved in building and operating a business on a daily basis. Previously, Steve was the Chief Operating Officer of Main Street Mortgage and Investment Corporation. In this Executive role, Steve was involved with the bank management on the key decisions for making the business successful. Steve is very active with the local and state MBA's and the national MBA as an instructor and committee member. Also, he served on the HUD National Home ownership Strategy (NHS) Education and Counseling Subcommittee. Steve graduated from the School of Mortgage Banking and received his Certified Mortgage Banker (CMB) designation in 1996. Steve has consulted for the education program of the Mortgage Bankers Association of America. Specialties: Compliance and Regulatory and Operational Risk, Expert Witness Testimony, Litigation Support - Forensic Underwriting, Operational Structure & Transformation, Compensation Plans, Policy and Procedures Development and Training programs, Direct Endorsement Underwriter - HECM

Areas of Expertise

  • Mortgages
  • Real Estate Lending

Expert's Profile

Steve McGurl
Background
I have been a practitioner and a consultant in the mortgage banking industry for 33 years.
I am a Certified Mortgage Banker who has mentored and taught courses for the MBA as well as the Virginia MBA. And I have spoken at conferences on behalf of the MBA on Risk and Marketing issues.
The first eight years of my career were spent in NY working for Chase and Citicorp. I worked in executive, administrative, operational and correspondent sales functions.
After moving to Virginia in 1992, I worked in executive and operational capacities for Suntrust (Previously Crestar) as the Vice President of Operations – Retail, Policy & Procedures & Training. I worked with some entrepreneurial opportunities where I had full responsibility to run the organization’s operations including systems, compliance, processing, underwriting and closing. I have also worked as Director of Operations for both GMAC and LandAmerica, where I had responsibility for vendor management and outsourcing of back office (operations) services.
I was the Chief Operating Officer for Main Street Mortgage & Investment Corporation. MSMIC was a bank owned mortgage company where I had full P&L responsibility. I managed all correspondent relationships, wrote the policy & procedure for the branch offices and worked closely with the parent bank in filing SAR’s related to discovery of fraud issues on repurchase requests.
I spent time in the Reverse Mortgage Field as Director of Operations at Livewell Financial and as a Certified Reverse Mortgage Consultant at Wells Fargo.
In the consulting world I have worked on almost every issue in mortgage banking.
 Portfolio review for raising capital.
 Fraud investigations of physical assets for a bank.
 Fair Lending Reviews to address an FDIC/DOJ complaint and referral on pricing concerns.
 Creating tax documents and writing policies and procedures for various domestic and foreign customers.
 Full company operational reviews
 “Get ready” audit review for incoming regulators on compliance issues.
 Independent Foreclosure Review on client’s servicing loan modification and loss mitigation practices.
 TRID policy reviews for pending rule implementation and workflow practices.
 Review of bank operational policies for a HUD-OIG referral on fraudulent reverse mortgage practices.
 Various MBS litigation suits.
Stephen M. McGurl, CMB

Personal Achievements

Education

  • Longwood University, Farmville, Virginia, 1983
  • School of Mortgage Banking, Chicago, Ill, 1996

Publications

  • The Mortgage Professional’s Handbook. Volume II, Chapter 12, Fair Lending March, 2016 Secondary Marketing Executive – ‘The Big Quality’ - How Adding Quality Can Lead to Cutting Cost. June, 2016 Secondary Marketing Executive – ‘A Day at The Zoo’ – Setting Controls to Scale for Cost Savings October, 2016
  • Secondary Marketing Executive – ‘The Big Quality’ - How Adding Quality Can Lead to Cutting Cost. June, 2016
  • Secondary Marketing Executive – ‘A Day at The Zoo’ – Setting Controls to Scale for Cost Savings October, 2016

Listed in the Following States

McGurl Risk Advisors, LLC is listed with ExpertPages in the following jurisdictions: Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Virginia, West Virginia, Puerto Rico & USVI