Steven Alonso : Chairman and Chief Executive Officer
Steven Alonso started his career 21 years ago at Procter & Gamble in manufacturing and held different leadership positions in operations. In 1986 he entered the financial services industry as a senior consultant with LoBue and Associates. His primary assignments involved re-engineering, startups and turnarounds. His clients included Household International, Citicorp USA and Citibank Europe. Steven led the re-engineering effort at Household International, which centralized all back office operations from a distributed branch network. This resulted in over 18% annual revenue growth and the elimination of $30MM of run rate expense with a 50% reduction in brick and mortar. Steven then joined Household to run East coast operations and later to run operations for Household Mortgage, the Freddie Mac/Fannie Mae mortgage bank.

In 1993 Steven was hired by Banc One Corporation to build a national consumer finance franchise from its small finance company in Marion, Indiana. Over a 6-year timeframe, Steven led the effort that transformed a company with $300MM in assets, 270 associates and $18MM in pretax earnings to a multi-business lender with $12B in assets, 4,500 associates and $300MM in pretax earnings. The vast majority of the growth was not achieved through acquisition but was organic. The combined business had compounded annual growth rate of 43% and a return on equity of over 30%.

Steven has a strong record of starting up and turning around large businesses by significantly increasing profits and returns.

Steven received his Bachelor of Science Degree in Mechanical Engineering from Lehigh University in Bethlehem, PA. He received his Master of Business Management from Stevens Institute in Hoboken, NJ.

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Jean Beaver : Director of Human Resources
Jean Beaver has spent 26 years in the human resources arena, beginning her career at Indiana National Bank in Indianapolis as a nonexempt recruiter. As Indiana National Bank merged with other banking organizations, becoming INB, NBD, First Chicago/NBD and then Bank One, Jean managed all functions of HR including benefits, compensation, recruitment, associate relations and training throughout her career.

Jean was a member of a task force based out of Chicago tasked with redesigning HR, creating a state-of-the-art function which allowed for movement from a traditional, transactional HR division to a strategic partnership arrangement between HR and the line.

Jean spent a year in retirement, after which she joined Oak Street Mortgage as the Human Resources Director.

Jean received her Bachelor of Science from Morehead State University in Morehead, KY and her Master's from Indiana Wesleyan University in Marion, IN. She also teaches master-level courses for the university on a part-time basis.

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Glenn Brunker : Executive Director of Retail Production
Glenn Brunker joined Oak Street Mortgage with over 18 years' experience in the lending industry. Glenn held several senior leadership positions at Household International, Bank One and Boatmen's Bank prior to partnering with Oak Street. Glenn maintains a proven track record of leading rapid expansion, large scale retail and wholesale lending businesses servicing conforming through non-prime. He is experienced in bringing complex new businesses from conception to production on budget and on time as well as leading rapid organic expansion in the future years.

At Household Mortgage Services, Inc., Glenn managed national operations — processing through investor delivery for both the retail and wholesale divisions as SVP National Operations. This business line originated in excess of $3 Billion production nationally. At Boatmen's National Bank, Glenn was responsible for national retail and wholesale operations and centralized production as the SVP Production Administration. Boatmen's average annualized production levels were in excess of $5.6 Billion. In addition, Glenn also was the Director of Sub-Prime Lending at Boatmen's. Glenn held the position of SVP National Operations and Centralized Sales at Banc One Home Loan Services, Inc. servicing all operational functions supporting annual wholesale production levels of $3.6 Billion. His most recent assignment prior to joining Oak Street was at Bank One leading a Regional Sales Center of 560 FTE managing all out-of-footprint Bank One Business in 17 states.

Glenn received a Bachelor of Science Degree in Finance from Northern Illinois University and his Master of Business Administration from DePaul University, Chicago, IL.

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D. Scott Clarke : Executive Director of Corporate Development and Secondary Marketing
With 17 years' experience in the residential mortgage banking and consumer lending sectors, Scott Clarke has repeatedly proven himself by providing measurable results in high growth environments. His former positions, ranging from Branch Manager at Household International to Senior Vice President of Operations at Banc One, supplied him with a unique mix of operational, sales and staff experience.

As a Manager at Household International, Scott gained firsthand knowledge of the concerns of both conforming and non-conforming borrowers. In 1993 Scott joined Bank One in the "Office of the President" which provided a diverse array of experiences ranging from strategic planning and execution oversight to distribution channel reengineering. As Senior Vice President of Operations with Bank One, Scott enjoyed a broad range of experiences ranging from loan operations management to credit risk and credit policy development and implementation for a $6.0B portfolio. Scott realized significant increases in productivity by centralizing loan processing for a national distribution network consisting of 115 branch offices into two regional sites that resulted in $2 billion in annually funded loans. His efforts ultimately improved clients' experience by providing consistent service, decreasing the turnaround times for loan approvals, and reducing unit costs by 40%. In addition, Scott was responsible for the de novo startup of the company's secondary marketing function. Scott has had substantial experience in secondary marketing, product development, pricing and building investor relationships through the origination and sale of over $10 billion in the secondary mortgage market.

In his position as Partner and Executive Director with Oak Street Mortgage, Scott leads the Corporate Development and Secondary Marketing efforts of the company. In addition, Scott is responsible for all merger and acquisition activities for the company. His proven understanding of the behavior of borrowers, as well as the internal workings of consumer lending on the local and national level, place him in an excellent position to impact Oak Street Mortgage's profitability and its clients' experience.

Scott received his Bachelor of Arts Degree in Communication Studies, with a minor in Economics, from State University of New York, College of Oswego and has received Executive Development Program training at The J. L. Kellogg Graduate School of Management, Northwestern University.

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Richard Cieszinski : Chief Executive Officer, Wholesale Division
Bio to come soon.

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Mike Ford : Executive Director of Wholesale Business
Mike Ford has 30 years' experience in the financial services industry. He started his career with General Electric Capital in their consumer finance Management Development Program. Of his 13 years with G.E., eight were spent in the consumer finance and mortgage group, where he progressed through the ranks in branch, area, regional and territory positions, primarily in the western states. Mike then spent one and one-half years as Manager of Operations and Strategic Planning in Tokyo, Japan, working with the start-up joint venture company, owned by G.E. and Toshiba Credit. Mike's responsibilities included training of credit and collections, strategic planning, and policy decisions. He also acted as liaison between the Japanese venture and the parent company. Mike's last years at G.E. were spent in the private label credit card business, where as Territory Manager he was responsible for over 200 employees in the west, and managed, on a national scale, G.E.'s largest private label credit card customer at the time, Apple Computer.
 
In 1986 Mike joined Security Pacific International Finance in San Diego as Chief Operating Officer. In this capacity he traveled extensively to Europe and Asia working in concert with the Managing Directors of the six entities, in product development, strategic planning, and ensuring that operational controls were in place. He also was acting Managing Director of the Germany operation for a six-month period of time, while a search was being conducted for a permanent manager. This appointment required the approval of Germany's banking authorities. After leaving the international business, Mike managed the western region of Security Pacific's asset based financing division, with $150MM in assets.
 
After working for CIT for three years, Mike joined Banc One to start and manage their national correspondent business. Within three years Banc One was a recognized force in the business, generating over $200MM in monthly volume with an ROE of over 20%. It was during this time that he was selected to lead Banc One's National Brokered Home Equity business, one of six business heads that reported to the president of Banc One Consumer Financial Services Group. The business produced $64MM pretax earnings in Mike's first year and originated $3B in mortgage volume.
 
Mike received his Bachelor of Science degree from Clarion University in Clarion, PA.

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Craig Royal : Chief Financial Officer
Craig Royal has over 20 years of experience in the real estate and financial services industries. Throughout his career, Craig has focused on the maximization of stakeholder value and identifying those financial structures for acquiring companies and capital, which maximize their strategic benefits to the company.

As CFO of Oak Street Mortgage, Craig is responsible for developing the financial systems and tools needed to assist the leadership in their efforts to grow and develop their business lines.

Prior to joining Oak Street Mortgage, Craig was the President of a private financial consulting company specializing in corporate finance, financial management and mergers and acquisitions. During his tenure as a consultant, Craig developed the business and merger plan for a not-for-profit senior housing company with 1,500 associates, $30MM in revenues and $50MM in assets. In development of the business plan, Craig had been retained to be the Chief Financial Officer of the new entity. Prior to becoming a consultant, Craig was the President of Newco Investment Services, a Golf Course and Residential Land Development Company. Under his leadership Craig lead the recapitalization of two then bankrupt golf club and residential companies, completed the development of an 18-hole championship golf course and a 250-lot community while managing the ultimate liquidation of the company's assets to a series of outside investors. The company managed over 125 employees and a revenue base of over $6.0 million per year.

Prior to becoming the President of Newco Investment Services, Craig was the CFO of Hubbell Realty Company, a commercial and residential real estate firm with assets in excess of $250MM and over 350 associates, agents and loan originators. Hubbell Realty Company is the premier commercial and residential land development company in Iowa. During his tenure with Hubbell Realty Company, Craig was responsible for investor relations, structuring and managing capital acquisition, MIS and securing construction, interim and permanent debt.

Craig earned both his Bachelor of Arts Degree and Master's Degree from Drake University in Des Moines, IA.

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Dennis Trent : Chief Operations Officer
Dennis Trent has over 22 years of experience in the mortgage banking and consumer finance industries. His depth of experience includes both front line and senior management in sales, operations, secondary marketing, project management, training and process engineering. Much of his career has been focused on start-ups and turn around of non-performing companies and departments. His expertise in process analysis has achieved substantial efficiency gains and expense reductions. Dennis brings a unique quality to Oak Street Mortgage through his ability to strategically develop the operational structure necessary to support the organization, while being committed to the satisfaction of our customers.

Prior to Oak Street Mortgage, Dennis spent 19 years with Fortune 500 companies. Most recently he was Executive Vice President with Banc One Financial Services for 6 years, responsible for building the operations to support a $6 billion organization. This included bringing technology and improved process to areas such as processing, underwriting, secondary marketing, collections and customer service. The result — efficiency gains of over 60%, while substantially lowering unit cost by 45%.

Prior to joining Banc One, Dennis was with Household International for 13 years. Starting as a branch trainee, he rose quickly to branch management and then division management. He played a key role in the re-engineering effort at Household International, which centralized all back office operations from a distributed branch network. Dennis was responsible for the national retail-underwriting group with annual production of over $6.0 billion dollars. He successfully transitioned all of the operations from three centers into one, improving efficiency, quality and reducing costs.

In addition, Dennis was instrumental in improving central processes in the areas of customer service, file management, collections and compliance.

Dennis obtained his Bachelors of Arts Degree with a major in Business Administration from Loyola College in Baltimore, MD.