Glen Fuller is a seasoned real estate appraiser/analyst, who
possesses an attractive combination of analytical, verbal and written communication and sales skills. As a Lead Review Appraiser for FannieMae's Centralized Repurchase Team he is currently the lead mortgage repurchase negotiator for appraisal issues on a major national lender account. Responsibilities also include participation in candidate interviews and being selected to train and mentor review appraisers hired for the CRT in Dallas, TX. He has lived in Dallas since 1985 with the exception of a 3 year period as Senior Appraiser in the Commercial Appraisal Group for Bank of America in Sacramento, CA. Mr. Fuller's appraisal career spans various business cycles, including the commercial real estate boom and bust cycle of the 1980s and early 1990s and the more recent residential real estate cycle. While employed as Senior Appraisal Specialist for RepublicBank (now Bank of America) in Dallas, TX, narrative appraisals were performed for the bank's nationwide, commercial construction lending portfolio. Projects included class "A" office, retail, multi-family and land development properties. Appraisals performed for Bank of America while in Sacramento included all types of commercial and land development projects located in northern California and portions of Nevada.
He has also worked with clients (including C-level executives)
during his career to enable solutions which involved: Valuation and disposition of commercial and residential real estate, commercial property tax reduction (including a national multi-family REIT); wide area communication network sales, consulting and deployment for small cap companies (up to Fortune 1,000 category) and creating beneficial business alliances. He employs a consultative approach with all clients. He is insightful, team-oriented and results-driven. He has been consistently successful with complex and non-complex real estate valuation, real estate sales and sales of complex financial products and services, all of which involved individual and team solutions.
EDUCATION, LICENSING AND COMPUTER SKILLS
Bachelor of Arts degree from Oklahoma City University, Oklahoma City, Oklahoma Continuing education and training include: All core Appraisal Institute courses leading to the MAI designation (except Report Writing), up to and including Income Capitalization courses A and B; Income Property Finance (Mortgage Bankers Association); 140 continuing education hours needed to maintain TX appraiser certification; Licensed Real Estate Broker in Oklahoma (inactive); telecommunication network sales and technical training courses; and, commodity futures and options broker (Series 3 Registration-inactive) Texas State Certified General Appraisal License No. TX-1322669-G (10/08 a" Current) Texas State Certified Residential Appraisal License No. TX-1331992-R (3/07 a" 3/09) California State Certified General Appraisal License No. AG019224 (5/93 a" 9/97) Computer skills include proficiency with: MS Office Software (Word, Excel, etc.), ARGUS and PRO-JECT discounted cash flow software, TMO/Mocasoft loan origination platform; and, various Internet-based and proprietary software applications. EMPLOYMENT HISTORY (Current and prior positions were in Dallas, TX, unless noted otherwise)
FANNIEMAE - Review Appraiser-Centralized Repurchase Team -
November 2007 to Present: As Team Lead Appraiser for regional and major lender relationships, forensic appraisal reviews and research are performed for FannieMae's multi-billion dollar 1-4 Family Residential loan portfolio. Current responsibilities include being the lead mortgage repurchase negotiator for appraisal issues on a major national lender account. Role includes representing the company in on and off-site lender negotiation meetings, in appraiser hiring decisions and hands-on training/mentoring of new CRT appraisers. Focus is on rendering sound appraisal review recommendations to the underwriting teams, managers and regional directors for loan repurchase and reimbursement decisions related to troubled and foreclosed loans, as well as appraisal fraud preventiona"all in the context of a high production environment. LEHMAN BROTHERS BANK (for Aurora Loan Services) - Review Appraiser-Credit Policy Division - July 2004 to September 2007: Nearly 4,000 desk reviews of 1-4 unit residential appraisals were performed for retail, wholesale and correspondent lending groups in connection with the credit policy unit. Coverage was nationwide. Appraisals reviewed were analyzed to determine the adequacy of logic and analyses used to develop market value appraisals. Reviews also evaluated the appraisal report according to Appraisal Department Best Practices, compliance with USPAP, FNMA and other relevant requirements. Focus was to prevent financial losses from unreliable and fraudulent appraisals to prevent loan losses. Post funding appraisals connected with defaulted loans (first payment/early payment defaults) were also reviewed. Efforts included filings of Suspicious Activity Reports with the FBI. Consistently maintained excellent relationships with internal clients and management and provided high quality reviews and process management in a high-production environment.
Due to the planned closing of the Aurora Loan Services Regional
Operations Center, formal termination of employment for all employees at this location occurred in November 2007. The closing was publicly announced in September 2007.
LANDSAFE APPRAISAL SERVICES (a division of Countrywide Financial
Corp.) - Review Appraiser - February 2003 to July 2004: Desk reviews of 1-4 unit residential appraisals were performed for both internal Countrywide business units and a variety of wholesale and correspondent lending customers. Appraisals were analyzed to determine the adequacy of logic and analyses used to derive and support the market value opinions in a high production environment. Secondary confirmation of data utilized in the report was made from a variety of proprietary and publicly available sources. Standard and proprietary appraisal review formats were utilized on a customer specific basis.
STRAUS AND COMPANY - Senior Marketing Associate - 2002:
Sales of real estate property tax consulting services. Marketed and sold property tax consulting services to regional and national clients. Relationships were developed with leading corporate clients from various industry sectors, including a large multi-family REIT. The strategic, long-term purpose was to create a more stable, high-end client base and to reduce revenue volatility for the firm.
BROADWING COMMUNICATIONS (subsidiary of Cincinnati Bell), Espire
Communications and WorldCom - 1998 thru 2001: Major Account Executive for sales of voice, wide area network (WAN) and Internet telecommunication services. - Highlight: Mr. Fuller's sale of WAN telecommunication services ($2.3m contract value) to one of the leading credit card transaction processors in the United States. The sales and engineering team displaced the incumbent service provider and several major contenders. Broadwing, Espire and WorldCom have all been sold, or otherwise restructured.
DILLON GAGE, INC. - Commodity Futures and Options Broker -
1996 thru 1997: Mr. Fuller focused upon selling brokerage services to new clients and consulted with existing clients about trading strategies. He managed the DGI trading desk during the last year of tenure. - Highlight: Mr. Fuller secured a relationship between a national, futures data service and DGI. DGI's brokers gained access to the data service's subscriber base for new account development in exchange for DGI's promotion of the national data service to retail trading clients.
BANK OF AMERICA (Sacramento, CA) - Senior Appraisal Specialist
- 1993 thru 1995: Mr. Fuller hired, managed and reviewed commercial appraisal assignments submitted by external, fee appraisers. He also performed full narrative appraisals on all types of commercial and land development properties in the bank's Northern California loan portfolio. Appraisals and cash flow analyses were completed under strict deadline and quality control requirements. NATIONSBANK OF TEXAS (formerly NCNB, First Republic and RepublicBank) - Assistant VP/Senior Appraiser - 1985 thru 1992: Hired, managed and reviewed commercial and land development appraisal assignments submitted by external fee appraisers. Internal narrative appraisals were performed on all types of commercial real estate properties in the bank's nationwide loan portfolio. - Highlight: He was selected from a group of 15 department appraisers to appraise The Crescent, a Dallas office/retail complex (original cost of $400m and the bank's largest real estate loan). The participating lenders included NationsBank (the lead lender) and seven correspondent banks. He personally appraised projects with an estimated combined value of over $2b, utilizing various types of real estate analyses (discounted cash flow, direct capitalization, sales comparison, etc.), and performed other real estate loan underwriting functions (site/progress inspections, feasibility studies, etc.) for the bank's portfolio. Concentration was on class "A" projects, such as, CBD and suburban offices, regional malls, power centers and neighborhood centers, bulk/light industrial warehouses, apartments and residential subdivisions. He maintained excellent performance and relationships throughout all subsequent corporate ownership transitions (RepublicBank to First Republic to NCNB ending with NationsBank in 1992). 2