C.K. Smith is a managing director and head of loan strategies in the financial services group at Piper Sandler. Smith guides Piper Sandler Loan Strategies, LLC in advising clients for securitization, sale and acquisition of performing, sub-performing and non-performing residential, multifamily, commercial and consumer loans. Under his guidance, from 1996 to 2022, Piper Sandler Loan Strategies, LLC advised on over 2,301 loan portfolio transactions with an aggregate principal amount in excess of $70.4 BN.
Smith oversees and assists with constructing asset valuations consistent with FASB/GAAP and asset bid price levels to support asset acquisitions and portfolio restructurings involving multibillion-dollar loan and servicing portfolios. He was responsible for overseeing and contributing to the firm’s development of a static life-of-loan projected cumulative loss model. This innovative model generated asset valuations to support portfolio valuations, FDIC- and CUNA-assisted bids, and open bank acquisitions. Smith oversees the valuation of over $2.5 billion of loans serviced for others quarterly. He coordinates all transaction-related activities to ensure professional execution, realization of client objectives and integration of multiple transaction requirements for analytical, underwriting, delivery and valuation resources.
His career in the mortgage banking industry spans 38 years, representing Sandler O’Neill Mortgage Finance L.P., Thompson McKinnon Mortgage Finance, Indiana Mortgage Company, Olympic Mortgage Company and Lincoln Service Corp.