Rocktop Partners, LLC ("Rocktop") is an alternative investment manager that specializes in distressed consumer credit markets, in particular, the acquisition of large pools of performing and nonperforming first lien residential mortgage loans with title defects, compliance issues, or other collateral deficiencies.
Rocktop is an SEC registered investment adviser that provides investment advisory and asset management services to the Rocktop private equity funds and separately managed accounts that were first launched in 2014 (collectively, the "Rocktop Funds").
Rocktop has advised the Rocktop Funds in connection with the investment of approximately $7.3 billion in mortgage loan pool acquisitions. Rocktop is managed by a team of mortgage professionals with decades of trading, legal and servicing experience in the consumer debt and residential mortgage markets.
Rocktop believes it has a unique market advantage linked to the combined trading, asset management, analytics and legal platform of Rocktop and its affiliates. Rocktop and its affiliates have developed artificial intelligence and machine learning applications and a proprietary database of curative outcomes on over 100,000 legal related title, compliance, and collateral defects to optimize our due diligence, underwriting and pricing capabilities. This platform allows Rocktop to price loan pools more precisely by quickly identifying optimal curative paths that enable us to estimate the time, cost, and complexity involved in resolving essentially any title, collateral or compliance issue. Rocktop's technical platform and analytical methodologies provide the scale and systems sophistication to process high volumes of loans quickly and accurately.
Advisory services include (i) sourcing whole loan portfolios for purchase by the Rocktop Funds from banks, government agencies and other loan originators, (ii) modeling and underwriting each loan portfolio on an individual loan basis, (iii) managing the bid process, and (iv) negotiating the financial terms/structure of each trade.
Once acquired by the Rocktop Funds, Rocktop is actively involved in managing the loan portfolios, sourcing buyers, negotiating loan sales and overseeing the servicing and liquidation of loans and REO assets.
Rocktop has experienced considerable growth in its advisory services since launching its first pooled investment vehicle in March 2014 to acquire loan portfolios consisting primarily of non-performing loans with title defects. Since that time through March of 2021, Rocktop has provided asset management and investment advisory services to its clients in connection with the deployment of approximately $7.3 billion in debt and equity capital to acquire in excess of 82,000 performing and non-performing residential mortgage loans with an aggregate unpaid principal balance of over $8.8 billion.
Source: Company data
Source: Company data
Founder and Managing Principal
Jason Pinson is a co-founder and Managing Principal of Rocktop. Jason is focused on managing the investment activities of, and setting strategic direction for, Rocktop and the Rocktop Funds. Jason formerly served as president of FASLO Solutions, a subsidiary of CoreLogic that focused on junior lien collections and predictive analytics of loan modifications. Prior to his role at FASLO, Jason served as president of DefaultLink, a diversified services provider to the mortgage servicing industry, and as a vice president of Default for EMC Mortgage, a division of Bear Stearns. Prior to joining EMC, Jason was vice president of Strategic Development for First American Financial. Jason earned his B.B.A., M.B.A., and J.D. from the University of Tulsa, and is a licensed Texas attorney.
Managing Director and Chief Investment Officer
Brett Benson is a Managing Director and Chief Investment Officer of Rocktop. His responsibilities include trading functions, asset management oversight, and fund management responsibilities. Brett also serves as President of Ascension Data & Analytics, a consultative solution-based data and analytics business that provides services to the Rocktop Funds. Brett previously worked at Black Knight Data and Analytics, where he served as senior vice president responsible for directing Mortgage and Government sales, as well as the Advisory Services group. Prior to joining Black Knight, Brett created and managed the Advisory Services group at CoreLogic, Inc. Before that role, Brett was managing director on the Bear Stearns trade desk, primarily responsible for buy-side scratch-and-dent whole loan trading functions. Brett earned his B.A. in Business with a concentration in finance and statistics and a minor in mathematics at Louisiana State University.
Drew (Sandy) Campbell
Managing Director and General Counsel
Sandy Campbell is a Managing Director and General Counsel of Rocktop. His responsibilities include managing legal and compliance matters for Rocktop and the Rocktop Funds, including structuring and negotiating fund investments and structured finance transactions. Before joining Rocktop, Sandy was a managing director of the general partner of BP Natural Gas Opportunity Partners, L.P., an energy-focused private equity fund. Prior to that position, Sandy served as general counsel to BP Capital LP, an energy hedge fund founded by T. Boone Pickens. Earlier in his career, Sandy was a partner at the law firm of Thompson & Knight in Dallas. Sandy earned his B.A. from The University of Texas at Austin and his J.D. from SMU Dedman School of Law of Law, and is a Texas licensed attorney.
Mike McClelland is a Managing Director of Rocktop. Mike is responsible for the Trading Desk functions, including sourcing, pricing, due diligence, and closing execution on pools of performing and non-performing loans and REO. Mike previously served as senior vice president of the Liquidation Services Division at Bank of America. Prior to that role, Mike held senior executive positions at Citigroup, Countrywide, and CoreLogic, where he built and managed teams engaged in all areas of mortgage-related activities. Mike also led the Due Diligence and Asset Evaluation department of EMC Mortgage, a division of Bear Stearns. Mike earned his B.B.A. from The University of Texas at Austin and his M.B.A from the University of Texas at Dallas.
Managing Director and Chief Advisory Officer
Josh Harrison is a Managing Director and Chief Advisory Officer of Rocktop, as well as Managing Partner of Rocktop's affiliate law firm, Harrison McLaughlin & Associates PLLC. Josh directs legal operations and oversees integration of data sciences into the legal processes for Rocktop and HMA. Prior to joining Rocktop, Josh served as Managing Attorney at Weinstein & Riley PS and served in the Office of Legal Counsel for the University of Oklahoma. He has extensive experience in creditor's rights, contracts, real estate, bankruptcy, and intellectual property law, and is a licensed attorney in six states. Josh earned his B.S. in Astrophysics from the University of Oklahoma and his J.D. from the University of Oklahoma College of Law.
Managing Director - Data Science and Research
Chris Medema is a Managing Director of Rocktop and the Head of Data Science and Research for its affiliate, Ascension Data & Analytics. Chris’ responsibilities include the oversight of Rocktop’s model development, pricing and risk technologies, analytics, and research efforts. Chris has 18 years’ experience in institutional fixed income, most recently with Western Asset Management, a multi-billion-dollar fixed income asset manager. Over his career, Chris has held a variety of positions, primarily focused in structured credit assets and mortgages, and has broad experience in quantitative research and modeling, trading, portfolio management, and risk management. Chris earned his M.S. in Computational Finance and Risk Management from the University of Washington and a B.A. in both Mathematics and Economics from the University of Colorado, Boulder.