Banco Popular de Puerto Rico

Armand brings over 22 years of venture capital, private equity and operational experience to Breakwater. Armand began his career with Berkshire Partners, a $6.5 billion leveraged buyout fund in Boston which specializes in later stage buyouts and recapitalizations. He then worked for Boston Capital Ventures, an early stage venture capital firm. That late and early stage finance experience subsequently led to various operational roles both as an entrepreneur running his own firm, and then as an executive helping to run various portfolio companies of the aforementioned investment firms with which he was affiliated. Subsequent to the successful sale of those companies, Armand, along with two additional partners, founded Hatch Ventures in 2005. As Managing Partner of Hatch, he made numerous investments into various early-stage, consumer facing technology companies. Armand graduated from Harvard with a BA in Modern European History in 1987.

Patrick J. Lawler is Chief Economist and Associate Director for Policy Analysis and Research at the Federal Housing Finance Agency, formerly the Office of Federal Housing Enterprise Oversight. He supervises the production of FHFA’s House Price Index, as well as analyses on a variety of topics relevant to FHFA. Before joining OFHEO in 1994, Mr. Lawler served for six years as Chief Economist for the Senate Banking Committee where he worked on several key banking and housing finance statutes, including FIRREA, FDICIA, and the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, which established a regulatory framework for Fannie Mae and Freddie Mac. He also served on the staffs of the Federal Reserve Board and the Federal Reserve Bank of Dallas.

Scott Conradson is President of Quantum Servicing Corporation, a Clayton HoldingsCompany where he is responsible for setting the strategy and direction for Quantum Servicing Corporation, as well as the oversight of all aspects of the day-to-day operations. Quantum Servicing is a rated special servicer focusing on servicing distressed assets with a current portfolio in excess of $5 billion. Prior to Quantum, Mr. Conradson was the executive responsible for the servicingplatform at Accredited Home Lenders where he managed the servicing of Accredited’snon-prime portfolio. Prior to Accredited, Mr. Conradson held several positions at OcwenFinancial where he served for 11 years most recently as Senior Vice President,Residential Loan Servicing managing a subprime portfolio in excess of $35 billion acrossmultiple domestic and international offices.Prior to joining Ocwen, He was employed 9 years in the Financial Services Practice atKPMG Peat Marwick LLP, most recently as a Senior Manager. During his tenure atKPMG he managed annual audits for various publicly and privately held financialinstitutions and manufacturing concerns. He also served as a National Instructor for theFirm’s Audit Manager and Computer Audit Specialist Courses.He holds a Bachelor of Science degree in Accounting from Bob Jones University and isformerly a Certified Public Accountant and Certified Information Systems Auditor.

"Ms. Jane Kennedy Winters is a National Sales Executive with ServiceLink, the national lender platform for Fidelity National Financial. Ms. Winters applies her vast default background to assess clients’ needs and works directly with each GSE, lender, or servicer client to establish the initial operating protocols with ServiceLink’s Default Servicing Division. She is responsible for maintaining productive, results-based partnerships with all Default Servicing Division clients.She has worked in the mortgage delinquency field as a sales person and lawyer for over 15 years. Her experience includes business development positions with LandAmerica, Hunt Leibert in Connecticut, and Echevarria, McCalla, Raymer, Barrett, Burke and Frappier in Florida (now The Default Law Group). As a partner with the Connecticut law firm of Hunt Leibert, Jane handled the firm’s business development and client relations. Prior to Hunt, Leibert, Jane practiced as a litigator and managing attorney at Echevarria, McCalla, et al.Jane is currently licensed to practice law in all state and federal courts in Florida. She holds a JD from the University of Florida College of Law and an undergraduate degree from the University of Florida. Jane is an active member of the MBAA Planning Committee and a frequent speaker at mortgage industry events."

Sapan Bafna is vice president of Solutions Express (SolEx), a business line within CoreLogic Asset Management & Processing Solutions. Sapan is responsible for creating innovative solutions for the residential mortgage industry that leverage a combination of data-enabled technology and outsourcing. These solutions have included engagements spanning prime mortgages, government mortgages, and non-prime loans. He has overseen the development of analytical decisioning models for the management of imminent and/or defaulted mortgage loans and has architected proprietary data entry application incorporating OCR technology, document generation and document fulfillment platforms. Most recently, he oversaw the development of web-based loan auditing and tracking application to streamline the compliance and auditing process. Sapan joined the company in 2004. Prior to joining CoreLogic, Sapan held positions specific to corporate development and finance. Sapan is a Six Sigma Lean Sensei and an Accredited Mortgage Professional specializing in Mortgage Banking. He holds an MBA from Florida International University as well as a master�s degree in finance from the School of Economics, DA University, India.

Ginn Downing brings more than 17 years of commercial real estate investment expertise in risk assessment, financial analysis, underwriting, fund management and asset management for a variety of debt financing, mezzanine and equity for more than $1 trillion dollars of investment. At Situs, Ginn Downing oversaw the asset management, special servicing and loan re-structuring associated with the Company’s advisory business and highly structured global portfolio. Prior to Situs, Ms. Downing served as Senior Vice President for Capmark Investments, LP (Fund)/Capmark Finance Inc. Her roles included business development, fund management and investment committee member for the $1 billion High Yield CSREP Fund. She provided management within the fund platform totaling more than $6 billion of debt, mezzanine, CDOs and subordinate investments. She also served as an officer in Capmark Investments LP holding positions as REIT Board and Trust Director, Treasurer, Investment Committee Member and provided the lenders license. Previously she provided regional management for Northern California and the PNW for a large bridge and construction portfolio lender (with $50 mm in credit authority) originating over $1 bn annually. She also worked as Project Manager in acquisitions, development and debt and equity within a development company and began her real estate career as a commercial appraiser.