Joe is a Financial Services Industry Expert who focuses on providing consulting, valuation, and advisory services along with expert testimony involving issues for banks, credit unions, mortgage companies, asset managers and other financial institutions relating to capital markets issues, loan and securities valuations, asset liquidation, capital markets advisory, M&A advisory, complex securities valuation, and forensic accounting.
Joe has over 30 years of financial experience in investment and corporate banking covering strategic advisory, capital markets, leverage finance, private placements and public securities issuance. He has served institutions ranging from the community and regional banks to the largest global banks, asset managers, and funds, as well as both federal and state regulators. Over the course of his career, he has served as an advisor in strategic transactions and capital raises representing billions of dollars in value and has been responsible for the liquidation of over $50 billion in assets.
Before joining GlassRatner, Joe was a managing director in the Valuation practices of several International Advisory Firms such as Kroll and Hilco. Previously, Joe was a partner at PricewaterhouseCoopers Consulting, a managing director at Houlihan Lokey and Gleacher & Company, and a senior vice president at Lehman Brothers. Earlier in his career, Joe completed formal credit training at Security Pacific Bank (later Bank of America).
Joe holds a Master of Business Administration in finance from The George Washington University, and an undergraduate degree in economics from the University of Maryland.
- Loan Portfolio Valuation
- Whole Business Valuation
- Complex Securities Valuation
- Capital Markets Advisory
- Transactional & Post-M&A Advisory
- Asset Liquidation Advisory
- Process Re-Engineering
- Regulatory Advisory
- Assisted global financial institutions and US Banks and credit unions in development and implementation of strategy, process re-engineering, M&A, whole business valuation, portfolio acquisitions and divestitures, and portfolio realignment/disposition
- Developed and implemented industry standard criteria and assisted clients in credit review, risk rating and credit migration mapping of loan portfolios including commercial real estate, residential mortgages, consumer, commercial and other receivables
- Built and led best-in-class global portfolio valuation models covering all asset classes
- Assisted the FDIC in review and valuation of loan portfolios of Silicon Valley and Signature Banks pre and post resolution
- Lead both D&P/Kroll and Ankura’s Financial Institutions advisory business, driving strategic direction, resource allocation, client engagement/management, and managed large teams of advisory/valuation professionals
- Assisted clients in the origination and disposition of residential and commercial mortgage loans, HELOCs, auto loans, solar loans, taxi medallion loans and other receivables
- Assisted clients in the development of policies and procedures for the origination of commercial mortgage loans with principal balances over $100 million
- Provide valuation of complex securities including residential mortgage-backed securities, commercial mortgage-backed securities, esoteric residential mortgage whole loan portfolios, swap agreements and other structured product
- Structured mortgage liquidation alternatives by optimizing credit enhancement methodologies including monoline insurance, third party guarantees and letters of credit to enhance value
- Provide valuation of complex securities including residential mortgage-backed securities, commercial mortgage-backed securities, esoteric residential mortgage whole loan portfolios, swap agreements and other structured products
- Assisted FHLMC in identifying its guarantee exposure stemming from underwriting guarantees in over $8 billion of assets credit agreements
- Assisted clients in the origination and disposition of residential mortgage loans, HELOCs, auto loans, and other receivables totaling over $2.3 billion in 2019 alone
- Responsible for the periodic valuation of over $8 billion of residential mortgage loans held or insured by FNMA
- Raised over $8 billion for financial institutions from 2008-2012
- Assisted Dresdner Bank in the acquisition of Kleinwort Benson
- Senior member of the Houlihan Lokey’s Mortgage Trading and Finance Group; raised over $800 million for financial institutions
- Founded and managed Gleacher & Co’s. Financial Institutions Investment Banking Group
- Responsible for senior level relationships with the Federal Government and GSE’s, (FNMA, FHLMC, GNMA, FHFA)
- Responsible for the origination and management of the industry’s first reverse repurchase agreements (reverse repos)
- Responsible for the development of underwriting criteria and review of credit facilities and LCs for Lehman Brothers’ Europe, Middle East and Africa (“EMEA”) efforts
- Responsible for underwriting repurchase agreements issued for residential mortgage REIT clients of Lehman Brothers
- Responsible for the sale of Shearson Lehman Mortgage Company to GE Capital, which was listed as Lehman Brothers’ Deal of the Year
- Responsible for the sale of Boston Safe Deposit and Trust Company to Mellon Bank
- Assisted four global financial institutions in the planning, development, filing, execution and implementation of their first Section 20 subsidiaries
- Was responsible for the industry’s first commercial REMIC security
- Underwrote standby letters of credit for global clients of Security Pacific to support securitized transactions
- 1st in the industry to securitize mortgage assets on behalf of a federal government agency (the FSLIC)
- Assisted global financial institutions and US Banks and credit unions in development and implementation of strategy, process re-engineering, M&A, whole business valuation, portfolio acquisitions and divestitures, and portfolio realignment/disposition
- Developed and implemented industry standard criteria and assisted clients in credit review, risk rating and credit migration mapping of loan portfolios including commercial real estate, residential mortgages, consumer, commercial and other receivables
- Built and led best-in-class global portfolio valuation models covering all asset classes
- Assisted the FDIC in review and valuation of loan portfolios of Silicon Valley and Signature Banks pre and post resolution
- Lead both D&P/Kroll and Ankura’s Financial Institutions advisory business, driving strategic direction, resource allocation, client engagement/management, and managed large teams of advisory/valuation professionals
- Assisted clients in the origination and disposition of residential and commercial mortgage loans, HELOCs, auto loans, solar loans, taxi medallion loans and other receivables
- Assisted clients in the development of policies and procedures for the origination of commercial mortgage loans with principal balances over $100 million
- Provide valuation of complex securities including residential mortgage-backed securities, commercial mortgage-backed securities, esoteric residential mortgage whole loan portfolios, swap agreements and other structured product
- Structured mortgage liquidation alternatives by optimizing credit enhancement methodologies including monoline insurance, third party guarantees and letters of credit to enhance value
- Provide valuation of complex securities including residential mortgage-backed securities, commercial mortgage-backed securities, esoteric residential mortgage whole loan portfolios, swap agreements and other structured products
- Assisted FHLMC in identifying its guarantee exposure stemming from underwriting guarantees in over $8 billion of assets credit agreements
- Assisted clients in the origination and disposition of residential mortgage loans, HELOCs, auto loans, and other receivables totaling over $2.3 billion in 2019 alone
- Responsible for the periodic valuation of over $8 billion of residential mortgage loans held or insured by FNMA
- Raised over $8 billion for financial institutions from 2008-2012
- Assisted Dresdner Bank in the acquisition of Kleinwort Benson
- Senior member of the Houlihan Lokey’s Mortgage Trading and Finance Group; raised over $800 million for financial institutions
- Founded and managed Gleacher & Co’s. Financial Institutions Investment Banking Group
- Responsible for senior level relationships with the Federal Government and GSE’s, (FNMA, FHLMC, GNMA, FHFA)
- Responsible for the origination and management of the industry’s first reverse repurchase agreements (reverse repos)
- Responsible for the development of underwriting criteria and review of credit facilities and LCs for Lehman Brothers’ Europe, Middle East and Africa (“EMEA”) efforts
- Responsible for underwriting repurchase agreements issued for residential mortgage REIT clients of Lehman Brothers
- Responsible for the sale of Shearson Lehman Mortgage Company to GE Capital, which was listed as Lehman Brothers’ Deal of the Year
- Responsible for the sale of Boston Safe Deposit and Trust Company to Mellon Bank
- Assisted four global financial institutions in the planning, development, filing, execution and implementation of their first Section 20 subsidiaries
- Was responsible for the industry’s first commercial REMIC security
- Underwrote standby letters of credit for global clients of Security Pacific to support securitized transactions
- 1st in the industry to securitize mortgage assets on behalf of a federal government agency (the FSLIC)