About the Author

Ben Jordan

Vice President, Head of Transaction Management

Ben leads the transaction management team for the Capital Markets Structured Finance group (CMSF) within Global Capital Markets. He is responsible for developing and closing new ABS and MBS transactions while the CMSF team provides agency and trustee services to the asset-backed, mortgage-backed, project finance, transportation leasing, insurance-backed, and reinsurance-related markets.

Ben has over a decade of industry experience, specializing in business development, servicer oversight, and relationship management for all types of structured finance transactions. Prior to joining Wilmington Trust, he served as a vice president and head of ABS Servicer Oversight for Wells Fargo Corporate Trust Services where he was responsible for risk mitigation over existing issuers and servicers as well as contingent servicer development. Prior to that, he maintained a senior business development position where he structured and closed mortgage-backed and asset-backed transactions. Ben also has significant experience in sourcing and responding to RFPs for federal contracts.

Ben holds an MBA in Management from Mount St. Mary’s University and a bachelor’s degree in Marketing Management from Virginia Tech.

By the Author

Trustees Holding Title Becomes More Important Than Ever as Banks Pull Back

Ben Jordan |
Corporate & Institutional

Having a trustee or a bank hold title has become common in most asset classes. This change presents an opportunity for trustees and banks still willing to hold title.Structures have moved back to trustees taking title to the assets, particularly in mortgages, student loans, consumer loans, and in limited cases, auto loans.  There has been a rapid expansion into the consumer loan and marketplace lending space, whether the deal uses a common law trust or a statutory trust.