Michael McElroy is a partner in Mayer Brown’s Washington DC office and a member of the Banking & Finance practice. He focuses his practice on an array of matters related to the mortgage banking and financial services industries.
Previously, he was general counsel and secretary of First Guaranty Mortgage Corporation, a mortgage lender headquartered in McLean, Virginia, and general counsel, chief compliance officer, and secretary for Stonegate Mortgage Corporation, an NYSE-listed mortgage lender and servicer.
Mike is a highly accomplished lawyer with more than 20 years of experience at national mortgage firms, government-sponsored enterprises and private law firms. His range of work includes:
- Structured finance transactions
- Warehouse and mortgage servicing financings
- Mortgage origination and servicing regulatory compliance
- Corporate governance and board advisory matters
- Mergers & acquisitions
From his position as general counsel and as a partner in private practice, he has led numerous critical initiatives for growing financial services companies, including:
- Financing mortgage loans and related assets with balances exceeding $6 billion in the aggregate
- 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 public and private mortgage bankers
- Leading the on-site responses and follow-on reporting for some of the earliest CFPB examinations of mortgage servicers and originators
Education :
- Kenyon College, BA, magna cum laude
- University of Virginia, MAS
- Georgetown University Law Center, JD
Admissions : District of Columbia
Cost
Rate : $$$
