Jim Banks is an accomplished senior executive with impressive expertise in identifying prime investment opportunities, as well as restructuring distressed business assets. His strategies have reduced cost per funded loan by 30%, managing hedge costs to less than 5 basis points. Banks was executive vice president and chief executive officer of the Northwest Region of IndyMac Bank, leading its national third-party loan resolution platform. As executive vice president of Mortgage Lending, Banks was solely responsible for all sales and operations, expanding the unit by 400% to $2.5 billion per month, and leading the movement to wholesale lending, measurably reducing cost per funded loan from 70 to 50 basis points. While at Commerce Security, Banks was accountable for all operations of the Mortgage Bank, and launched its Mortgage Division, which grew from 5% to 90% of the Bank’s total earnings. He began his banking career at Sacramento Savings Bank, where he was responsible for the acquisition of over $200 million in multi-family and commercial loan participations on a national basis. Banks has a Bachelor of Science degree in Finance with a minor in Economics from California State University.