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Scott W. Abercrombie
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| email: swa@go2griffin.com phone: (732) 223-0616 |
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Scott Abercrombie brings significant experience to bear in managing the mortgage and consumer banking operation for Griffin Holdings Group LLC.* Presently, he provides consultative and loan trading services in performing, scratch and dent, non-performing, REO residential first and second mortgages, auto and other consumer loans.
Scott is the former Executive Vice President of Sovereign Finance Company and Alternative Deliveries for Sovereign Bank, the nation’s second largest thrift institution with $82 billion in assets. While with Sovereign, he established Sovereign Finance Company, a national home equity and mortgage loan purchase business, and managed all aspects of Sovereign Finance Company, retail e-commerce, call centers and Sovereign Insurance Agency. He directed a team of 550 and held responsibility for nationwide generation of wholesale home equity, non-prime mortgages, auto, student loans, internet and insurance sales. At that time, Sovereign Finance originated over $3 billion in consumer loans and purchased $2 billion in mortgages with a total portfolio of $7 billion.
Prior to his 14 years at Sovereign Bank, Scott worked for Citibank, JPMorgan Chase of New Jersey and Berkeley Federal Savings Bank in executive positions in consumer and mortgage lending. He entered the banking industry in 1974.
Scott was an active member of the CBA Home Equity Committee, 2000-2006 and National Home Equity Mortgage Association, Board Member, 2003-2006. He holds an MBA in Finance from the Simon School of Business, University of Rochester, a top 25 business school and attended SUNY Brockport, receiving a B.S. in mathematics.
* Griffin Holdings Group LLC owns Griffin Financial Group LLC
