Terry L. Lauritzen

2284 East 10095 South Sandy, Utah 84092

E-Mail: terrylauritzen46@msn.com

Phone: (801) 971-4240

SUMMARY OF MANAGEMENT

QUALIFICATIONS • Experience in hiring, training, counseling, and evaluation of up to 85 employees;

• Creation of new lending departments and consolidation/restructure of existing

departments;

• Drafting and/or revision of lending and credit administration policy and

procedures;

• Ten years experience in personnel career field.

CREDIT ADMINISTRATION

• Administration of combined portfolios up to $750 million;

• Administration of loan origination/production to $230 million annually;

• Exercise of loan approval authority as manager, chairman of loan

committee and senior credit officer for loan underwriting;

• Management and collection of non-performing assets, including establishment

of business plans, negotiation of settlements/special credit workouts, and

liquidation of assets.

SPECIALIZED EXPERIENCE

• Residential and commercial construction financing ,including management of loan

production, portfolio administration, and field inspection.

• Project management, contract negotiation, construction field

inspection and cost control;

• Review/analysis of real estate appraisal, environmental, and geotechnical reporting;

• Expert witness testimony regarding lender due diligence and construction

lending practice;

• Six years professional practice in architecture.

EDUCATION

University of Utah, SLC, Utah: Graduate studies in Architecture - 1976;

University of Utah, SLC, Utah: B.S. Sociology - 1975;

University of Utah, SLC, Utah: B.S. Psychology - 1975;

SPECIALIZED

EDUCATION

ABA - Commercial Construction Lending

BLI

- Appraisal Practice

FHLB - Appraisal Practice, Asset Classification

IFE

MAI

- Problem Real Estate Management

- Principles of Management

MBA - Commercial Construction Lending,

Commercial Loan Closing, Income Property Case Studies,

NCPE - Commercial Loan Workouts

RMA - Commercial Cash Flow Analysis

MISC - Windows, Microsoft Word, Excel, Taxanalysis, Moody’s.

Terry L. Lauritzen

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PROFESSIONAL EXPERIENCE

Asset Management / Field Inspection, Sandy, Utah

2012 to Present

2009 to 2012

1998 to 2009

DBA (Self Employed):

Asset management including construction/renovation. Inspection services, including construction.

Zions First National Bank / Draper Bank & Trust, Salt Lake City/Draper, Utah

Vice President / Comml Ln Off IV RE Banking Group Restructure Team:

Relationship manager for problem real estate credits in Utah & Idaho: Analysis, underwriting,

restructure and administration of credits for return to profitability or transition to Credit Management.

Vice President /Manager Residential Builder Financing:

Management of construction loan origination and portfolio administration:

Individual loans, revolving lines of credit, acquisition/development, and project loans.

Designated Appraisal Evaluation/Review, and Environmental Designate.

Construction Lending Corporation of America, Salt Lake City, Utah

1997 to 1998

1993 to 1997

Vice President / Region Manager:

Management of regional underwriting, technical services, consultant relationships, and accounting.

United Savings Bank, Salt Lake City, Utah

Vice President / Region Manager, Construction Loan Admin Manager:

Management of regional construction loan production, centralized underwriting and loan

administration. Coordination of consultant/technical services, and participant lender relationships.

Zions First National Bank, Provo, Utah

1992 to 1993

1991 to 1992

Commercial Loan Officer / Regional Loan Center:

Commercial, and SBA loan origination. Underwriting support for retail branches within Region.

Resolution Trust Corporation, Denver, Colorado

Asset Specialist / Subsidiary Management Group:

Coordinated resolution of subsidiaries and subsidiary assets of failed financial institutions.

Director/officer of subsidiaries; Development and administration of management/liquidation

plans; Oversight of contract services.

American Savings and Loan Association, Salt Lake City, Utah

1990 to 1991

1987 to 1990

1984 to 1987

1982 to 1984

Sr. Vice President / Chief Credit Officer:

Credit administration for income property, commercial, and consumer lending departments; as well as

underwriting, loan servicing, owned real estate, and facilities management departments.

Vice President / Manager Business and Consumer Lending:

Management of income property, commercial, and consumer lending departments; including

underwriting, portfolio administration and construction.

Vice President / Manager Income Property Financing:

Management of construction/ term loan production, portfolio admin and participant relationships.

Asst Vice President / Construction Loan Administration,

Asst Manager / Income Property Financing:

Management of commercial/income property construction lending. Plan & specification review, field

inspections, disbursement administration and approval, consultant and participant relationships.

William C. Selvage Architects, Salt Lake City, Utah

1979 to 1982 Barker, Clayton and Gould Architects, Salt Lake City, Utah

1976 to 1978

Associate / Intern Architect:

Project coordinator and design team member. Design/coordination, construction review, and

commercial /residential consultation services.