Mr. Furlong joined MIAC in April 2010 and is the Director of its Due Diligence Group.� He has over 24 years of experience within the banking industry. During his time at MIAC, Mr. Furlong managed over 100 due diligence projects in 33 states which performed loan underwriting and review processes which supplied analytical information for the FDIC in order to structure loss share agreements.Additionally, Mr. Furlong has lead the development of MIAC�s VeriFiTM system which is a comprehensive due diligence suite for the banking and lending industries. VeriFi� customizes the loan file review process to the user�s exact specifications and processes a variety of verifications, compliance testing, and underwriting reviews which will assist in quantifying the risks associated with loan files.Mr. Furlong has completed portfolio valuations on a variety of commercial, auto loan, credit card, student loan, and reverse mortgage whole loan and securitization valuations.Prior to joining MIAC, Mr. Furlong was a Chief Operating Officer of Jacobs Capital Partners, where he oversaw a multi-divisional and multi-state commercial lending and development firm.� During his tenure at Jacobs Capital Partners, he managed a large commercial loan portfolio consisting of large multi-family, commercial income, and acquisition and development properties.Prior to joining Jacobs Capital Partners, Joe was Executive Vice President and Chief Lending Officer of Gulfcoast Mortgage Solutions, where he oversaw the organization�s loan production, underwriting, and overall portfolio management.Mr. Furlong also was the President and Chief Lending Officer of First Florida Financial Ltd, Incorporated where he developed and successfully managed a consumer and residential lending firm.� Under his guidance, First Florida Financial Ltd, Inc. was rated the third fastest growing companies on the west coast of Florida.
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