Richard is DLP Capital’s first-ever Managing Director. He is an accomplished leader with more than 25 years of experience in the structured finance, capital markets, and mortgage industries. Richard served as Sr. Vice President, Portfolio Investments and Structured Finance with Nationstar Mortgage for 5 years, where he was accountable for the financing and securitization of assets and raising and managing the firm’s corporate debt, and transactional work, as well as for the acquisition and sale of assets and corporate development.
Additionally, he spent nearly 19 years at the Ocwen Financial Corporation family of companies, where he launched Home Loan Servicing Solutions, Ltd. (HLLS), an Ocwen affiliate that operated as a separate publicly-traded company. Together, they raised $1.2B of equity in the IPO and follow-on offerings and purchased the mortgage servicing rights from Ocwen that resulted in Ocwen becoming a capital-light operator while HLSS managed the capital-intensive assets. His work helped grow the firm’s market cap to $1.6B. Rich completed his Bachelor of Business Administration in Accounting from Iona College.