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Louis N. Sanfelice

Zack Bumpus works with TTG on financial, compliance, organizational restructuring, and strategic projects involving corporate risk management, bank finance, and operations issues, including BSA/AML compliance management, enterprise risk management, financial controls management, technology systems planning, and operations management (IT, organizational structure, governance policies and procedures, audit committee management, and risk oversight committee management). Mr. Bumpus has spent over 38 years working with banks and bank servicing organizations in financial, operations, and strategic development management roles.
  • Independent Consultant (1994 – Present): Mr. Bumpus has advised boards of directors and executive management of numerous large, complex, international and domestic financial institutions and government-sponsored enterprises on matters including BSA/AML systems management, financial and strategic planning, operations re-engineering, budgeting, expense management, new product strategies, talent management, leadership development, loan and deposit operations, and information technology matters. He has developed and enhanced BSA/AML compliance programs, policies, and procedures for large multinational and foreign banks, monitoring know your customer, enhanced due diligence, cross-border transactions, letters of credit, and suspicious activity reporting issues among other matters. Mr. Bumpus has a thorough understanding of residential and commercial mortgage lending, having managed all aspects of real estate lending including mortgage loan servicing, underwriting, portfolio management, capital strategy, securitization, and loan workouts. Over a period of years, the Superintendent of Banks, New York State, appointed Mr. Bumpus as the independent Receiver for Golden City Commercial Bank (GCCB), and the Superintendent also named him as Administrator for the liquidating estates of three financial institutions seized during the 1990s: Nationar, a bankers' bank; PIC Banking Corporation; and the New York Agency of BCCI, SA.
  • Franklin Mortgage Capital Corporation, McLean, Virginia (1988 – 1994): Mr. Bumpus was CFO and Treasurer of this mortgage bank that became the largest privately held mortgage bank in the U.S. and later merged its operations with its thrift subsidiary, NewAmerica Savings Bank. During this period, Mr. Bumpus managed: mortgage loan origination, sales, and servicing systems; hedging strategies; loan delivery systems to GSEs and private investors; quarterly reporting processes designed to properly classify and value the assets of the bank within regulatory compliance requirements as well as Financial Accounting Standards; development of models for hedging against mortgage loan portfolio and servicing-rights run-off; and other responsibilities.
  • Mr. Bumpus spent twelve years in customer management with three major bank servicing organizations working directly with mortgage bankers and thrifts on information technology needs: Fannie Mae (1985 – 1988) in bank customer management; Planning Research Corporation (1984 – 1985) in the computerized mortgage loan origination product division; and Electronic Data Systems (1976 – 1984) directly representing mortgage bankers and thrifts on information technology solutions.
  • University of North Carolina (Chapel Hill) (BA in Business Administration specializing in Accounting, 1975). He serves as Board Chairman for two large Washington, D.C., non-profit institutions providing low-to-moderate-income housing alternatives. Mr. Bumpus is a Certified Public Accountant.
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TTG, Inc.
Headquarters | 1050 Connecticut Avenue, NW | Suite 1000 | Washington, D.C. 20036
Orange Office | 137 West Main Street  | P.O. Box 385  | Orange, Virginia 22960  | Tel: 202-466-576 | 540-672-0904