Damian Pasternak, CFA serves as the Chief Investment Officer of Sage Residential Management LLC.
Prior to his current role, Damian was a Portfolio Manager at BlackRock focused on US residential mortgage opportunities. He was responsible for managing a mortgage servicing rights (“MSRs”) portfolio with an unpaid principal balance in excess of $180 billion and over $2 billion in non-performing and re-performing whole loans. Damian has extensive experience modeling and pricing the acquisitions of MSRs and whole loans.
He is involved in every aspect of MSR trading and portfolio management, including but not limited to, sourcing portfolios for bid, pricing and bidding, coordination with transaction management and execution on financing facilities. He is responsible for allocation, risk management and performance monitoring. He has built numerous pricing models to value MSRs, RPL and NPL portfolios. In his first role at BlackRock, he was responsible for providing risk management advisory services to many of the nation’s largest mortgage banks and servicers. For approximately three years, Damian worked with many of the largest MSR owners and specialized in MSR risk management, providing valuations and hedge advice.
Prior to his various roles at BlackRock, he worked at MIAC, a mortgage analytics advisory firm, providing capital markets services to mid-size mortgage banks and non-bank mortgage originators. He additionally worked for American Home Mortgage for five years. His responsibilities included trading whole loans, securitization and managing interest rate risk.
Mr. Pasternak earned a BA degree in finance from Towson University and an MBA degree in finance from Hofstra University. He has been a Chartered Financial Analyst since 2007.
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