Joseph Mevorah is Managing Director at Hilco Financial Advisory Services. He is a seasoned professional with a deep knowledge of Financial Institutions and, in particular, the securitization markets. Joe has thirty years of combined Wall Street and advisory experience and possesses strong relationships with large global financial institutions, U.S. Community Banks and Credit Unions, and both Federal and State regulators. Throughout his career Joe has advised both senior management and boards of directors of firms ranging from the largest global financial institutions (including American Express, MasterCard, AXA Financial, Dresdner Bank) to regional and small depository institutions, mortgage companies and specialty finance companies. Moreover, he has advised senior U.S. Regulators, including the Chairman of the FDIC, and both the Federal Reserve and the United States House Committee on Financial Services (aka the House Banking Committee). Highlights of recent assignments that Joe has directed include:
- Raised over $2.8 billion in capital for US Domestic community and regional banks
- Assisted in the liquidation of over $2 billion in bank assets for both US Banks and multinational institutions
- Provided valuation advice on residential mortgage portfolios for Fannie Mae (FNMA)
- Assisted FreddieMac (FHLMC) in the determination of liability arising from remaining representations and warranties in a select portion of its portfolio.
- Provided mergers and acquisitions advice to institutions’ senior management and fairness opinions for Boards of Directors for 11 transactions in the last two years
- Provided regulatory advice to the US branches of some of the larges Korean owned banks
- Advised the Central Bank of Iceland on best practices, asset valuation and liquidation during the Icelandic Bank Crisis
- Assisted the FDIC in the creation of liquidation plan guidelines for the largest US systemically important institutions (D-SIBs)
- Assisted the third largest US Credit Union with numerous acquisitions and the acquisition/implementation of a Universal Charter
- Advised clients on the liquidation of over $1.7 billion of non-QM commercial loans
- Provides valuation of illiquid bank assets including but not limited to, taxi medallion loans, auto loans, unsecured consumer loans, non-performing loans, residential solar loans
- Assisted the second largest US Credit Union in re-engineering its residential mortgage origination department, and in processing, reviewing newly originated loans for compliance issues
- Provided review and validation of clients’ capital planning and other operating/valuation models
Joe’s professional history includes positions with Kroll (f.k.a Duff & Phelps, Ankura Consulting (f.k.a. Navigant), Houlihan Lokey, Gleacher & Company, Price Waterhouse Coopers and Lehman Brothers.
He Holds an MBA from The George Washington University and a BA in Economics from the University of Maryland.
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