Andrew Knote, CFA

Experience

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  Morgan Stanley

  Jul 2002 - Jan 2004

  Associate

  - Liased with sales, trading and brokers to reconcile trade differences for repo desk.- Issued 100+ margin calls daily for swap, foreign exchange and repo accounts.- Reconciled portfolios to resolve mark to market disputes between the firm and counterparties.

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  C-BASS

  Jan 2004 - Oct 2007

  Associate

  - Coordinated efforts of trading desk, finance group, underwriters and rating agencies to issue 17 C-BASS subprime RMBS deals with a collateral balance of over $8 billion.- Managed the purchase of 15 subprime RMBS residual investments for the Sunfish Fund. The deals had a total collateral balance of $10 billion and resulted in an investment of $400 million for the Fund.- Managed whole loan acquisitions of up to $100 million.- Kept inventory of whole loan book. Reported weekly reserve numbers for nonperforming loans. - Participated in weekly research and trading meeting to discuss loan performance, current market environment and changes to credit and prepayment models.- Performed surveillance on bonds in C-BASS position. Used Intex to run breakpoint analysis of bonds. Show less

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  Roosevelt Management Company

  Jun 2008 - Jan 2014

  Vice President

  - Managed acquisition of over $3.5 billion of non-performing, re-performing, 2nd lien, HELOC and reverse mortgage whole loans with over $1.5 billion of capital invested. Performed all cash flow modeling, reviewed due diligence results and drafted approval memos for private equity investors. - Led monthly portfolio performance presentation to investors. Developed primary reports used to evaluate portfolio performance, benchmark models and establish servicing strategy.- Maintained and updated credit and prepayment models. This included coordinating efforts to clean up proprietary data set for model development, interpreting SAS regression outputs to evaluate model fits and which variables to include and back testing changes to confirm model effectiveness prior to release. - Performed portfolio surveillance and coordinated servicing campaigns with asset managers to address underperforming areas of the portfolio.- Utilized broad capital markets and operational expertise to foster interaction between Trading, Analytics, Research, IT, Financial Control, Capital Markets Operations and Asset Management to complete projects critical to the success of the Firm.- Marked whole loan portfolio each month and managed all loan sales from the portfolio. Show less

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  Pretium Partners

  Jan 2014 - May 2018

  Vice President

  - Senior capital markets professional reporting to the CFO. Responsible for managing all financing relationships with investment banks and broker-dealers.- Designed, negotiated, and executed comprehensive financing strategy for 3 separate private equity style funds with approximately $2.5 billion of equity capital and investments in single-family rental properties and non-performing and re-performing residential whole loans.- Financings included securitization, warehouse, repo, term loan and subscription facility. - Performed all modeling to determine optimal strategy including appropriate covenants and capacity.- Managed the issuance of 7 Progress Residential single-family rental (SFR) securitizations with $3.7 billion bonds sold. - Maintained relationships with bond investors and ran all roadshows and meetings at ABS/SFIG Vegas and ABS East. Developed investor presentations and was point person for all follow up correspondence.- Additional closed financings include: - Multiple $1+ billion warehouse facilities for single-family rental assets. - Multi-asset repo facility for non-performing and re-performing mortgage assets as well as single-family rental assets for Pretium Mortgage Credit Fund. - Senior secured term loan for single-family rental fund to provide additional leverage beyond traditional warehouse and securitization financings. - Subscription facilities collateralized by investor commitments for multiple funds.- Managed team of professionals to finance $4+ billion single-family rental portfolio (approx. 22,000 homes). - Ensured ample liquidity was available to continue investing $80+ million per month. - Engaged in active surveillance of investments and facility compliance. Show less

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  Citi

  May 2018 - Sept 2021

  Vice President
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  Bank of America Merrill Lynch

  Oct 2021 - now

  Director, Mortgage Finance