Marc McCormick, CEO


 Marc McCormick




Mr. McCormick has been a small town businessman, a sales professional for several corporations, and a top loan originator for Norwest Mortgage (now Wells Fargo). He has developed residential subdivisions and built or rehabbed multi-family projects.  As an investor he has owned and managed many residential properties, retail properties, and a 140,000 square foot office building.   Currently, he manages a family-owned note portfolio and volunteers, organizing construction projects for a non-profit organization. As a vision-driven entrepreneur, McCormick has developed the CBSS model over a period of several years, forming dozens of relationships with service providers and vendors serving community bankers in diverse ways.  He works actively as part of the management and operations team.




Don Macaulay, President

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President—Don Macaulay has over 30 years of banking experience across multiple banking disciplines in the Northeast, Southeast and Southwestern United States for community and regional banks. He’s been a Chief Credit Officer, Head of Commercial Banking, President of a multi-billion dollar bank, and CEO of a multi-state bank. He has lead mergers and acquisitions for many banks, including FDIC assisted transactions, which included cultural integration, human capital and cost/profit analysis. He has also put in place policies and procedures that have resulted in the elimination of formal regulatory orders. Don’s strong sales skills have brought double digit growth to organizations he has managed. His positive management style, competitive edge, discipline, and organization skills make him ideal for heading up CBSS’ operations. He is a graduate of Bryant University with a degree in Business Administration, a graduate of the National Commercial Lending Graduate School and the Williams College School of banking.




Michael Paul, Compliance and Management



Michael is an attorney as well as a functioning operations manager.  In the wake of the financial crisis he built a default services company that became the loss mitigation/default services department for over 40 community banks around the country.  He also built an outsourced loan origination department, providing loan processing, underwriting and closing services to mortgage lenders, community bank lenders and even a top 10 bank lender.  He and his team of compliance attorneys have over 100 years of regulatory and compliance experience, primarily with community banks.   They have counseled banks on loan origination processes and policies, QM and ATR, non-QM lending programs, mortgage servicing, loan modification, loan disposition (short sales, DILs and foreclosures), implementing the new CFPB rules, and state and federal regulation, to name some of the areas of expertise. They are positive, thorough, engaging and effective.  Michael is a graduate of the University of San Diego with a law degree from the George Washington University.  He has been a business consultant for over 25 years, focusing on policy and process improvement, ensuring compliance and improving efficiencies and productivity.





John Harris, Planning & Management




One of CBSS’ early organizers, Mr. Harris holds a certified general appraisal license in several states and has over 30 years of experience in Business, Real Estate, and Machinery/Equipment valuation and brokerage. He has been a member of the World Trade Center, having performed services for the Mexican and Venezuelan governments, as well as Ford, GM, Fiat, GE, Pizza Hut, Boeing, Cessna, Hawker Beechcraft, Lear Jet, Federal Deposit Insurance Corporation (FDIC), and the U.S. Small Business Administration.  Mr. Harris has trained over 400 appraisers in 45 states and internationally, teaches appraisal technique for several national organizations and serves nationally as an arbitrator in business disputes for the American Arbitration Association.  He is a member and contributing guest speaker of the International Business Brokers Association (IBBA) and the Institute of Certified Business Counselors (ICBC).  He is one of the few holders of the ICBC Master Certified Business Counselor designation and is also certified by the Alliance of Mergers & Acquisition Advisors.  He holds an MBA degree and has owned several successful businesses.


Mark Weber

With a practical banking background and a Law Degree, Mr. Weber is a valuable part of any team. His years of mortgage banking experience include financial analysis of conventional, SBA and non-conforming commercial, construction, A&D and multifamily loans. Later, his consulting practice assisted servicers, asset managers, and agencies in forensic file review, due diligence, asset management and loss mitigation.  In recent years he has developed expertise in the management, restructuring, and disposition of distressed loan assets.  Recent highlights include:  Submitting appeals of FNMA and FHLMC responses to Compensatory Fees rebuttals on behalf of a national servicer resulting in seven figure savings and preparation of White Papers relating to the imposition and enforcement of compensatory fees by FNMA and FHLMC; Investigation of failed banks ($100 Million and later a $6.5Billion) to determine grounds for claims against fidelity bonds, directors/officers’ insurance policies, and officers/directors of the failed institution, auditing commercial loan files, reviewed and analyzed call reports, examination reports, minutes of meetings, and lending policies & procedures and prepared report of findings and conclusions; Managed Receivership of a 13 branch failed bank on behalf of the FDIC, supervising management and disposition of hundreds of loans and winding up the business affairs of the failed institution, successfully guided the Receivership team through 3 operational reviews and an examination by the FDIC Internal Review Team, and met or exceeded expectations; Senior Asset Manager at FDIC Receivership responsible for management and disposition of all loans and non-loan assets and financial analysis of all loan workouts and restructuring; Team member of post closing Receiver Assistance Contractor for FDIC at a $1.7 billion failed institution assigned to analyze loan files of performing and non-performing loans and to negotiate workouts, compromises and collections.  Mr. Webber lives in the Atlanta area.

John Rownak

Mr. Rownak’s banking career has spanned 3 decades working for large and small Midwest banks in the roles of Loan Officer, many Management positions, and President and CEO.  He has successfully managed consolidation and attrition environments for acquiring banks, as well as significant turnaround situations.  While managing the Commercial Loan Workout for a regional bank, his department’s collections were consistently above budget, and losses below budget.  Mr. Rownak has also worked as a business consultant, assisting with business M&A, financing, development of subdivisions, and real estate management.  In recent years he has worked for a large consulting firm as an asset manager assisting in the acquisition of 2 failed banks under the FDIC Shared-Loss program.  Mr. Rownak is also a Professor in the Finance Department at the University of Arkansas and serves on the boards of several non-profit organizations.  Mr. Rownak resides in NW Arkansas.

Thomas B. Ross

Mr. Ross is an approved FDIC RAC contractor with 38 years in the banking, finance, real estate, and mortgage industries including appraisal, asset management, audit, control, compliance, due diligence, fair lending, operations, originations, quality control, problem solving, process creation, and re-purchase.  He has managed bank operations in both rural and metropolitan markets, including significant turnaround situations.  In recent years he has participated in consulting projects as an Audit Manager, Project Manager, and Asset Manager.  With degrees in Mathematics and Accounting, Tom has received the Citicorp Service Excellence award and is a member of the International Who’s Who.  Mr. Ross is located in Arizona.

W. Phillip Knight

Mr. Knight’s banking experience has centered largely on small business lending as an SBA Loan Originator, Senior Credit Officer, and manager of SBA Lending Operations.  He has performed many duties working for receivers as an FDIC SBA Asset Manager to:  preserve the SBA Guaranty; resolve litigation issues; reconcile the bank’s portfolio with SBA; and maximize the return for the Receiver.  He has also assisted FDIC in developing procedures for the resolution of SBA loans in failed institutions, provided eligibility, policy and procedural guidance and explanation to both FDIC and SBA, and continued to work on servicing issues while preparing loan portfolios for sale. He has also been part of teams working for acquiring institutions to assist with the implementation of FDIC’s Shared-Loss Agreement. Mr. Knight has been the recipient of the Arkansas SBA Financial Services Advocate of the Year and a Millennium Recipient of Who’s Who In Executives and Professionals.  Mr. Knight lives in NW Arkansas.

Mark A. Levin

Mr. Levin’s focus has been commercial real estate, managing offices to source CMBS loans, supervise underwriting, pricing, and closings for regional offices of national commercial mortgage lenders, performing due-diligence/loan reviews for multifamily loans being assembled for the secondary market, and developing/owning a database of commercial real estate lending sources. He formulated and managed a disposition strategy for non-performing commercial RTC real estate loans.  Recently, he has worked in RAC Loan Management as a Special Assets/Loss Share Group Team Leader responsible for Loan Management, Resolution and Disposition of Special Asset files, negotiations and loan compromise or workout. He was Senior Asset Manager of a Special Service Loan Management Group responsible for Loan Management, Resolution and Disposition of files either in litigation or seriously delinquent monitoring assets for delinquency and maturity, ordering and reviewing third party reports, performing net present value calculations, foreclosure analysis, preparation of cases for protection of assets, compromises, initiating litigation to collect the debt and/or foreclose on the collateral. He has provided guidance to a client on developing effective strategies for improving Short Sale and Deed in Lieu procedures, compensatory fee rebuttals with conclusions as well as implementing new procedures aimed at minimizing loss exposure.  He has been a key analyst in the development of standardized templates to increase the overall “win rate” from 4% to 56%, served as the Subject Matter Expert (SME) regarding Short Sale, Deed-in Lieu, MHA Program, Loss-Mitigation, and  Repurchase & Mortgage Servicing.  Mr. Levin resides in Kansas City.

William Rothman

While with large regional and national banks, he managed non-performing portfolios, workout, REO departments, as well as finance and accounting. His experience with distressed portfolios and non-performing loans goes back to the early 90’s.  Most recently, he has managed a distressed asset acquisition team and operated RR Partners, a bank consulting company.  Mr. Rothman is located in Orange County.

James K. Randolph

Mr. Randolph is a commercial real estate professional who has worked as both a lender and lawyer for 40-years.  He has worked for banks in several officer positions, as a Director, and as a contractor. He was responsible for assisting in the analysis and stratification of a $2 billion portfolio and subsequent workout of $100 million investment in subsidiary companies by the predecessor parent savings bank.  In recent years he has been an asset manager responsible for workout/restructure or disposition of non-performing commercial real estate loans, including the successful portfolio resolution through collections (averaging 95% of book), deed in lieu and sale, restructure to performing at market rate, and a junior participation resolved through negotiated re-organization plan in bankruptcy litigation. He has performed review of commercial real estate loans to confirm loan rankings and had direct responsibility of performing and non-performing loan portfolios for asset resolution, disposition and securitization.  He has supervised and trained Senior and Junior asset managers in workout and negotiating techniques. He has successfully resolved troubled portfolios through short sales, discounted pay offs, deed in lieu, foreclosure and REO sales and provides Due Diligence, Asset Management and Resolution, Loan Underwriting, Site Inspections, Loan Review, Lease Abstracting and Litigation Support for lenders.  Mr. Randolph lives in Florida.

Mark Riley

Mark’s extensive management experience as President/CEO of community bank start-ups and turnarounds, as well as large bank division turnarounds, has been repeatedly marked by success.  His background includes leading the turnaround of two banks that had been operating under regulatory agreements upon arrival. Relevant experience also includes analyzing and structuring commercial loans, overseeing loan approval and review process, providing due diligence of client bank loan portfolios, developing and overseeing workouts of nonperforming loans. Often working with his wife, Susan, a Bank Operations and IT/BSA/AML specialist, he now assists community banks with improving their performance, addressing all areas of CAMELS, including Strategic Planning, Budgeting, Information Technology and Risk Management.  Mark lives in the Washington D.C. area.

Susan Riley

Susan has worked in community banking for over 15 years as Senior Vice-President, Enterprise-wide Operations/IT, BSA Officer, Head of Retail Banking, Vice-President, Operations, IT, BSA Officer, Head of Compliance and of Human Resources.  She has created and managed the enterprise-wide systems of two denovo banks, including compliance, BSA/AML, Human Resources, IT and IT Security, ACH, Vendor management, Remote Deposit Capture and Mobile Banking.  As a consultant, she does Core Processor Evaluation and Negotiation, Project Planning and Management, and Coordination of the many elements needed to create smoothly operational whole Core and Ancillary Systems Analysis/Conversions. She creates compliant, bank-specific Policies and Procedures and provides Assessment from multiple Regulator exams. She regularly serves as an expert witness. Susan is a high-energy team member who loves her work!  Susan lives in the Washington D.C. area.

Craig Sherman

Mr. Sherman has been in the distressed debt space since 1985, beginning his career in SAG and REO management.  He has provided strategic consulting, valuation and FAS 5, FAS 14 analysis for national and local lenders and special servicers. He has evaluated CMBS and participations, performing due diligence, Derived Investment Value (DIV) – FASB 114 analysis and loan sale packaging. A speaker at various conferences on note sales and distressed debt, he has been described as the “Best in the World” at analysis and “Best in his Class” in disposition of distressed debt across United States, Europe & Asia, with a total worldwide NPL experience exceeding $90billion in face value. “Hands on”, whether working with single assets or portfolios, he has also lead teams of over 20, creating Excel models to analyze all types of real estate and capital structures.  Career highlights include: Assisting in the valuation and debt restructuring of 8 national homebuilders, with a total inventory of 87,000 homes and lots; performing acquisition due diligence on 970 properties, $2.5 billion value in Sweden for Morgan Stanley and GE Commercial Real Estate Services; member of FSLIC Management Consignment Program team that took control of failed thrifts; led due diligence, assisted in deal strategy and interacted with partners in the acquisition of 2 REITs with an enterprise value in excess of $1.5 billion.

William E. Shelton, IV

Nationally known SBA and USDA government guaranteed loan expert, he has extensive expertise in fixed income securities and mortgage loan products. He has assisted many institutions in the due-diligence process to structure loan products for the secondary market, maximizing fee income and servicing spreads while managing institutional regulatory and risk tolerance levels. Prior to operating his own company he was Senior Vice President, Vining Sparks, IBG, a leading broker/dealer serving the investment needs of institutional investors. He maintains NASD Series 7 & 63, is licensed with the Tennessee Division of Securities, and is a member of the National Association of Securities Dealers.


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