As a Managing Director, Steven Bean directs the due diligence services provided by the companys North Carolina and Arkansas offices and co-directs the due diligence services provided by the companys New York office. He has more than 25 years of experience in commercial real estate transaction services with a focus on due diligence products and services. These services include commercial real estate loan portfolio analysis, loan due diligence/underwriting/valuation support, offshore operations management and commercial real estate asset management support. Prior to joining Situs, Mr. Bean worked as a senior vice president for Global Realty Outsourcing for three years where he managed sales and operations of the capital markets division, which focused on providing transactional services supporting the equity placement and financing of commercial real estate through the use of on- and off-shore operations. Such services included loan underwriting, acquisition and disposition support, due diligence, data aggregation, valuation, lease abstracting and accounting services.For seven years, Mr. Bean was also a principal and senior managing director of GMACCM Mortgage-Ramp, and its predecessor, Univest Financial Services, where he consulted on the disposition, acquisition, asset management and servicing of diverse loan portfolios including managing over 75 CMBS transactions (seasoned and newly originated conduit loan portfolios as well as fixed and floating rate securitizations), three RTC securitizations, numerous property inspections and valuations and a 5,000 loan FDIC ARM audit. Prior to Univest, Mr. Bean worked at the Office of Thrift Supervision as an S&L Field Examiner and assisted with the development and implementation of the regulatory asset classification system, risk-based capital requirements, risk management modules and fraudulent investigations at failed savings institutions including working with the FBI on discoveries. He holds a B.S. in Business Administration from the University of North Carolina at Chapel Hill and a Chartered Financial Analyst designation and is a member of the Institute of Chartered Financial Analysts.
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