Throughout his career, Mr. Smith has demonstrated experience in building solutions for the Canadian and U.S. mortgage industries and has gained extensive knowledge and involvement
in real estate collateral assessment and mortgage processing.
The tendency is for banking systems — and the currency — to collapse after such bubbles, as falling prices for
their real estate collateral (aggravated by an exodus of flight capital) hollow out the banking system's balance sheets.
The real estate collateral backs the loans more than the financial credentials of the person borrowing.
The trust deed investor is able to analyze each specific investment opportunity in regard to
its real estate collateral and yield.
Providing opinions to Royal Bank of Scotland and various financial institutions regarding compliance with BIPRU in relation to
real estate collateral, and advising Sarasin & Partners LLP on its tier 2 capital structures including the provision of a legal opinion in relation to compliance with GENPRU.