Dave has over 40 years of experience in Financial Services with a broad background in operations and technology.
In his role at GMAC ResCap, prior to the 2008 credit crisis, Dave focused on leading efforts to build and implement software applications for the consumer and business lending business, capital markets, loan servicing, bank and real estate businesses. He also led efforts to consolidate the two previously separate organizations, RFC based in Minneapolis and Resi based in Horsham PA, to create ResCap. As CIO of ResCap, Dave was a member of the Executive and Management Committee and reported directly to the Chairman and CEO. During the credit crisis, he had budget and staff responsibility for 1,400 people and two data centers through a period of significant downsizing in response to market conditions. He also was involved in the sale of GMAC Bank (now Ally), ditech Mortgage, Home Connects title business and GMAC Better Homes and Gardens real estate to generate needed liquidity. He led the technology organization through a period of extreme change, TARP, layoffs and ultimately sale and shutdown of the majority of the business some of which survive today in various new forms.
Dave is very committed to giving back. Since leaving Freddie Mac, he served for a year as a senior advisor/fellow for the Centers for Medicare and Medicaid Services near Baltimore. He is devoted to a number of non-profit organizations in Annapolis, Maryland where he lives and sails.
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