Michael McElroy

Partner at Mayer Brown

Speaker

MICHAEL MCELROYWASHINGTON

DC +1 202 263 3034

MMCELROY@MAYERBROWN.COM

Clients look to Mike McElroy for his extensive experience with finance, securitization and technology transactions for the mortgage banking and consumer financial services industries. Mike routinely advises banks, non-bank lenders and their counterparties on their most important finance and securitization matters. Prior to joining Mayer Brown, Mike was general counsel, chief compliance officer and secretary to several mortgage lenders and servicers, both privately- and publicly-owned. Clients leverage Mike’s 25-plus years of experience at national mortgage firms, government-sponsored enterprises and private law firms. His clients include Achieve Home Loans, Ally Bank, Flagstar Bank, Pretium Partners and numerous insurance companies.

EXPERIENCE

His range of work includes:

- Securitization offerings, as both issuer’s and underwriters’ counsel, across a range of assets  Financing and acquiring mortgage servicing rights

- Whole loan acquisitions and participations

- Mortgage warehouse and repurchase facilities

- Federal and state consumer regulatory actions and examinations

- Mortgage origination and servicing compliance management

- Technology and other outsourcing transactions for mortgage origination and servicing

- Insurance company and fund investments in mortgage assets.

From his position as general counsel and as a partner in private practice, he has led critical initiatives for growing financial services companies, including:

- Launching HELOC warehouse facilities and a securitization platform

- Structuring mortgage origination out-sourcing agreements

- Negotiating $3+ billion in M&A transactions (including the issuance of debt and equity to fund the acquisitions)

- Leading the successful IPO of a first-of-its-kind mortgage servicing finance company

- Directing the legal, compliance, risk, internal audit, and licensing departments for mortgage banks

- Leading the responses to some of the earliest CFPB examinations of mortgage servicers and originators

- Structuring first-of-their kind delinked credit card securitizations

EDUCATION

- Kenyon College, BA, magna cum laude, Phi Beta Kappa

- University of Virginia, MAS

- Georgetown University Law Center, JD

ADMISSIONS

- District of Columbia