Michael O'Mara, Vice President of Credit
Professional Overview
Michael O'Mara is a seasoned finance executive with over 12 years of experience in credit risk management, underwriting, and loan origination. As the Vice President of Credit at Steward, he is responsible for leading a team of credit analysts and underwriters, overseeing the evaluation and approval of complex financing transactions, and developing innovative credit strategies to support the company's growth objectives.
Experience Summary
Current Role
As the Vice President of Credit at Steward, Michael is responsible for managing the credit risk and underwriting functions, ensuring the company's lending practices adhere to strict risk management protocols. He directs a team of credit analysts and underwriters in the assessment of loan applications, the development of credit policies and procedures, and the implementation of robust risk mitigation strategies. Under his leadership, Steward has experienced a significant reduction in delinquency rates and a marked improvement in the overall quality of its loan portfolio.
Career Progression
Prior to joining Steward, Michael held various leadership roles in the finance industry, including Senior Loan Underwriter at Steward, Operating Partner at Fidelman Finance, and Head of Underwriting and Loan Processing at Watermarq Capital Partners. Throughout his career, he has demonstrated a strong track record of driving operational efficiencies, enhancing underwriting processes, and implementing data-driven decision-making frameworks to optimize credit risk management.
Academic Background
Michael holds a Bachelor of Business Administration degree from the University of California, Santa Barbara, where he specialized in Finance and Accounting. He is also a Certified Credit Risk Analyst (CCRA) and has completed executive education programs in Strategic Leadership and Financial Risk Management.
Areas of Expertise
- Credit risk management and underwriting
- Loan origination and portfolio management
- Data analytics and financial modeling
- Strategic planning and operational optimization
- Team building and leadership
Professional Impact
During his tenure at Steward, Michael has been instrumental in revamping the company's credit risk management practices, resulting in a 20% reduction in loan delinquency rates and a 15% increase in the overall quality of the loan portfolio. He has also spearheaded the development of a proprietary credit scoring model that has improved the efficiency and accuracy of the underwriting process, leading to faster response times and higher customer satisfaction.
Conclusion
Michael O'Mara is a seasoned finance executive with a proven track record of driving operational excellence and enhancing credit risk management strategies. His extensive experience, coupled with his strong leadership skills and analytical mindset, make him a valuable asset to Steward as the company continues to expand its portfolio and solidify its position as a leading provider of innovative financing solutions.
