Debbie Rich Email Address

Director, Automation and Enhancements

PHH Mortgage offers a full range of residential financing programs. For over 20 years, we have dedicated our energies to one goal - helping customers obtain home financing.

Residential mortgage industry senior manager with 25+ years of experience. Significant expertise in business development, project management, organizational leadership and risk management across Collateral Valuation, Default Servicing, Warehouse Lending, and Information Technology. Highly adept at evaluating organizational needs and executing strategies by directing teams of business / technology professionals. ACHIEVEMENTS: Managed multiple large business groups as well as numerous process improvement and automation efforts generating substantial cost savings and enhanced efficiencies.  Sold 70% of assets (total winning bid of ~$1 Billion) to third party investors with revolutionized Trustee Foreclosure Sale process. These investors will rehabilitate homes and sell at higher than REO levels on the retail market. This will result in housing improvement and reduce the shadow inventory overhang for our industry o Wide advertising stimulates competition resulting in best execution o Property (through International Valuation Group, LLC - www.ivaluationgroup.com) and Title (through Commerce Title) information readily available presale for investor due diligence o Professionally executed auctions to vastly reduce threat of collusion  Risk Manager for $850 million mortgage warehouse portfolio. Liquidated portfolio and limited losses to under $2MM in the worst mortgage market in history  Enterprise Valuations – FNC, Inc. Collateral Management System project realized annual savings of $5MM and increased speed and accuracy of lending business  Automation of Default Servicing functions within Loss Mitigation, Foreclosure and Bankruptcy realized annual savings of $30MM  Developed and implemented strategy that resulted in annual savings of $3MM on Valuation vendor contracts