August 12, 2022 9:00 AM
Newmark Valuation & Advisory (Newmark V&A) introduces its Loan Portfolio Solutions practice, providing regulatory remediation services for large bank clients. The group advises on bank loan portfolio stress testing and risk review.
Joining Newmark as the practice leader for Loan Portfolio Solutions, David Risdon will lead the group, with Executive Vice Presidents Joseph Posavec and David Wolter. The professionals boast over a century of combined experience managing some of the most complex assignments within the regulatory environment.
The Loan Portfolio Solutions practice also specializes in ESG advisory, environmental peril modeling, flood compliance reviews, data migration to new servicing platforms and automated data validation and capture at loan origination for commercial real estate (“CRE”) and commercial and industrial (“C&I”) portfolios.
“The addition of the Loan Portfolio Solutions practice furthers Newmark V&A’s already comprehensive suite of advisory services to aid bank clients in monitoring and mitigating portfolio risk,” said V&A President, John D. Busi, MAI, FRICS. “Between 2020 and 2021, Newmark V&A’s portfolio valuation business more than doubled in revenue, establishing an opportunity to offer expanded portfolio services for our valued clients.”
Risdon—a 40-year commercial banking veteran with extensive experience in credit and regulatory compliance—has led teams of 100+ professionals through bank consolidations, mergers and acquisitions and specialized services for CRE and C&I portfolios. Posavec brings 30 years of real estate, capital markets, banking and technology experience to the practice and specializes in advising compliance and risk solutions for some of the world’s largest banks and identifying cutting-edge solutions to revitalize banking technology. With 40 years of experience, Wolter leverages his deep expertise in flood compliance and CRE lending with his familiarity with bank operating systems and data repositories to facilitate clients’ data remediation. Risdon and Wolter are based in Tampa, Florida; Posavec is based in Irvine, California.
“For over a decade, David, Joe and I have worked together on some of the most prominent bank mergers and data transformation assignments in the industry. Leveraging Newmark’s global platform, robust technology and the services of experienced commercial credit professionals, we are ready to hit the ground running and provide best-in-class regulatory services to banks,” concluded Risdon.
The Loan Portfolio Solutions practice is Newmark V&A’s fifth business line, in addition to Valuation/Portfolio Valuation, Alternative Valuation, Financial Reporting and Property Tax.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of nearly $3.2 billion for the twelve months ending June 30, 2022. Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with over 6,500 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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