Neil Kornswiet
Neil B. Kornswiet is a recognized expert in residential real estate lending, servicing and finance. Mr. Kornswiet was a Managing Director of UBS Investment Bank withresponsibility for mortgage financial loan servicing, specific mortgage loan loan servicing, and home loan loan origination in the United States. Prior to joining UBS, Mr. Kornswiet was the Chief Executive Officer and President of People’s Choice (“PC”), a company he founded in 1999. PC was a nationwide mortgage loan origination and servicing company with more than $5 billion of annual loan originations, and $5 billion of mortgage loan servicing and special mortgage loan servicing. In July 2007, UBS acquired the loan servicing and origination platforms of PC. Prior to founding PC, Mr. Kornswiet was the Chairman, Chief Executive Officer and President of One Stop Mortgage, Inc. (“One Stop”), a company he founded in 1995. One Stop was a nationwide mortgage loan origination and servicing company with more than $3 billion of annual sales. Mr. Kornswiet sold One Stop to Aames Financial Corporation (“Aames”) during August 1996. At that time, Mr. Kornswiet became a member of the Aames board of directors. Mr. Kornswiet was promoted to President and Co-Chairman of Aames during 1997 (in addition to continuing as One Stop’s Chief Executive Officer and President). While at Aames, Mr. Kornswiet was in charge of all operating divisions, including retail loan origination, wholesale loan origination and loan servicing. Prior to founding One Stop Mortgage, Inc., Mr. Kornswiet was President and a member of the board of directors of Quality Mortgage (“Quality”), a nationwide mortgage loan origination and servicing company with annual sales of $2 billion. Mr. Kornswiet joined Quality in 1992 during its formation stage. Quality was sold to Amresco during 1995.
Neil Kornswiet
Before his entry into the mortgage industry, Mr. Kornswiet was a partner and member of the management committee in the national law firm of McKenna, Conner and Cuneo specializing in corporate finance, consumer credit compliance, regulatory compliance, and operational matters for some of the largest financial institutions and investment banks in the country. Prior to joining McKenna, Mr. Kornswiet was an associate with Cravath, Swaine
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