August 1, 2016 Alert - Announcing Women of WiS Week - Michele Olds
 
August 1, 2016
 

 

 

SFIG and Women in Securitization (“WiS”) is proud to launch WiS Week 2016!

This week, SFIG member firms are hosting 10 roundtables in 7 cities in the U.S. and Canada. The theme of WiS Week 2016 is “Empowering Women to Succeed,” and at each event we will present and discuss customized content for women on successfully Negotiating for Yourself.

Women in Securitization: Today's Profile

In connection with WIS Week 2016, SFIG is pleased to share profiles of accomplished women in securitization in recognition of the strides that they have made in their careers, and the contributions they have made to SFIG, the industry and their organizations. Not only are these individuals' accomplishments impressive in their own right, but their experience and insight serve as inspiration to women just beginning their careers.

Today, we invite you to meet Michele Olds, Senior Vice President of Nationstar Mortgage.

Michele manages the Master Servicing division at Nationstar.  She has 20 years of experience in master servicing and SBO2000 and has been with Nationstar (successor by acquisition to Aurora Loan Services LLC) since 2005.  Prior to joining Nationstar, Michele managed the Master Servicing division at JPMorgan Chase.  She also worked at Credit Suisse and First Union (Wachovia).  She works with Servicers, Trustees, and Investors on RMBS securitizations and whole loan transactions. Michele serves on the SFIG Board of Directors as Treasurer and is also on the SFIG Executive Committee.

How many years have you been in the securitization industry?

I have been in the securitization industry for 20 years.

What was a turning point in your career in structured finance that helped get you to where you are today?

Taking advantage of opportunities.  I was working for First Union in Charlotte, NC and an opportunity to work for Credit Suisse in NY/NJ came my way.  I took the job and dedicated myself to learning everything I could, which included many long nights and tough days.   As a result of perseverance and unwavering dedication my career took off from there.

What is the most significant challenge that you have faced as a professional woman in the field of structured finance? How did you overcome that challenge?

Having the confidence early on in my career to express my thoughts and opinions in a room full of men.  The key for me was always making sure I was prepared so I was confident enough to speak.     

What is one piece of advice you would give to a woman thinking about starting a career in structured finance?  

Make sure you take the time to learn everything you can and always be prepared. 

In an ideal world, what is one thing you would you do to combat the lack of women in securitization?

It would be great for companies to require their executives to mentor employees and have an equal split between men and women.

Have you ever experienced different treatment because you are a woman? How did you react? What did you learn? What would you do if the same situation happened today?

I think all women at some point in time have experienced different treatment.  In my opinion the best way to react is to prove to that person what an asset you are for the firm and have the confidence to not let that experience get you down.   

Do you think you ever experienced negative treatment in the workplace because you have children? How did that affect you and what advice could you give to others who may be concerned about this? 

I’ve been lucky that I have worked with really supportive managers, but there have been times when I’ve been asked why I need to leave early/come in late.  My advice would be to plan in advance and tell your manager your plan so they are comfortable and know everything is covered. 

How do you think WIS can influence and affect the role of women in the structured finance industry

I think WIS can help give women the confidence to speak up to move their career forward. 

 

For questions, please contact wis@sfindustry.org.

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