Houlihan Lokey has announced that Matthew S. Monahan has joined the firm’s Financial Institutions Group (FIG) as a Director, focusing on mortgage companies, REITs, and depository institutions. He is based in New York.

Monahan joins from Deutsche Bank, where he was most recently a Director in the Financial Institutions Group, with a specific focus on depository institutions and mortgage companies. Monahan has more than 20 years’ experience and has worked on many of the industry’s largest recent mortgage banking and specialty depository transactions, including the sale of MetLife Bank, N.A.’s mortgage servicing business to JPMorgan Chase (on which Houlihan Lokey also advised), the sale of MetLife Bank, N.A.’s deposit business to GE Capital Retail Bank FSB and its warehouse lending business to EverBank, the sale of Aurora Loan Servicing from the Lehman Estate to Nationstar Mortgage, and the FDIC’s disposition of Indymac Federal Bank FSB including its forward and reverse servicing businesses to OneWest Bank. Prior to Deutsche Bank, Monahan was a Senior Vice President in Lehman Brothers’ Structured Asset Solutions Group, working on a range of transactions in the consumer and specialty finance sector.

‘Matthew is joining Houlihan Lokey at a very exciting time with respect to our financial services advisory activity,’ said Eugene S. Weil, Co-Head of the Financial Institutions Group (FIG). ‘Following the acquisition and integration of Milestone Advisors in January 2013, our FIG team completed twice as many transactions in 2013 as in the previous year and remains a leader in the specialty finance and mortgage banking sectors. In addition, Houlihan Lokey remains one of the most active advisors in the sale of large, complex portfolios of mortgage servicing rights (MSRs), a key focus of the firm’s Illiquid Financial Assets practice’, he continued.

Jeffrey M. Levine, a Houlihan Lokey Managing Director in FIG and one of the most active advisors in the MSR and mortgage banking industry, added, ‘Matt has been a strong competitor and co-advisor over the years, and we’re glad to have him on our team. We are confident that Matt’s extensive experience in the mortgage banking industry will be hugely beneficial to our clients’.

‘Joining a team with the culture, client focus, and breadth of coverage that characterizes Houlihan Lokey’s Financial Institutions Group is unique and exciting,’ said Monahan. ‘Given current market conditions and trends in the financial services sector, we see a significant opportunity for our financial institutions clients. I’m eager to help Houlihan Lokey’s clients take advantage of this opportunity and deliver the superior service, and solutions, that they have come to expect,’ he continued.

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