Jon R. Daurio, Esq. is Chairman & CEO of Kondaur Capital Corporation, a Tustin, California-based Delaware corporation formed by Mr. Daurio to acquire, manage, service and liquidate distressed and undervalued mortgage loans. Mr. Daurio is also the President of PPCC, Inc., an entity he formed in 2004 to hold and service loans originated by Park Place Capital Corporation, which he co-founded in 2001. Park Place Capital was a special services company very similar to Kondaur Capital, which changed its name to Sprint Funding Corporation when it sold its scratch and dent business to an Ameriquest Mortgage Company affiliate in 2002. Mr. Daurio was Sprint Fundings President until its closure in 2006. Mr. Daurio also co-founded Encore Credit Corp., a national, wholesale, residential mortgage banker, and its parent, ECC Capital Corporation, a publicly traded REIT. From Encore Credit Corp.s inception in 2001 through 2004, Mr. Daurio was its EVP, CAO & General Counsel. Mr. Daurio held the same positions within Bravo Credit Corporation, which he co-founded and which was ECRs retail lending platform. From 1998 to 2001, Mr. Daurio was the President & CEO of Loan Funding Corporation of America, a national, retail, residential mortgage banker. Previously, Mr. Daurio founded and managed the operations of Financing USA, the consumer direct lending division of Long Beach Mortgage Company. Mr. Daurio also served Long Beach Mortgage Company and its predecessor, Long Beach Bank, F.S.B., as Senior Vice President and Corporate Counsel since 1992, as well as being an officer and director of many affiliates of both Long Beach Bank and Ameriquest Mortgage. Prior to joining Long Beach Bank, he was the managing partner of OConnor, Schmeltzer, Armstrong & Daurio, a law firm in Irvine, California, and an Associate Attorney with Latham & Watkins. In 1986, he earned Juris Doctor and Master of Business Administration degrees in 3 ½ years from the University of Southern California. In 1982, he earned a Bachelor of Arts degree cum laude in 3 years from Harvard University. Mr. Daurio is also a fifth degree Black Belt in Tae Kwon Do.
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