LYDIA A. HERVATIN
27351 Hidden Trail Road, Laguna Hills, CA 92653 | 818-239-2480 | [email protected]
PROFESSIONAL SUMMARY
Trusted legal advisor for more than fifteen years to some of the world’s largest companies. Passionate, collaborative, ethical, and dedicated, with a strong commitment to innovation and continuous improvement. Recognized by leadership for having the utmost of integrity, discretion, sound judgment, outstanding problem-solving skills and accountability through ownership of results. Excellent ability to communicate and collaborate effectively with legal, governmental agencies, and business partners.
Experience Overview: Complex Commercial Transactions, Vendor Agreements, Commercial Contracts, Licensing, Compliance, Risk Mitigation, Employment and Internal Investigations, Litigation, State and Federal Examinations & Enforcement Actions, Consumer Finance, Commercial Lending, Litigation, and Mortgage Lending.
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Employment History
JMAC Lending, Inc.
Santa Ana, CA | 3/2020 to 6/2022
General Counsel & Chief Compliance Officer: Reported to the CEO of JMAC Lending, Inc., JMAC Home Loans & SOL Mortgage. Responsibilities included providing legal and compliance advice on retail mortgage lending to consumers, correspondents, investors and warehouse financial transactions. Provided legal support for all transactional matters, complex contracts, customer disputes, state & federal examinations regarding regulatory matters, including compliance oversight.
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Toyota Motor Credit Corporation
Plano, TX | 4/1/2011 to 2/13/2020
Assistant General Counsel: Reported to the General Counsel of TMCC, the largest captive finance company in the world with a portfolio of approximately $100 billion. Supported the executive leadership, business partners, management, supervisors and others. Responsibilities included direct legal work providing accurate, timely and pragmatic legal advice in addition to managing the Legal Teams supporting Commercial Contracts, Consumer Lending, Litigation and Servicing. Elevated to managing 75% of the Legal Department’s teams of attorneys and paralegals specialized in the areas of Commercial Contracts, Litigation, Consumer Lending, Servicing, Corporate Transactions (Securities & Corporate Governance), and Litigation. Legal advice required experience working with General Contract laws as well as State and Federal Lending & Leasing Laws, Insurance, Reinsurance, and Compliance. Responsibilities included working on resolution of complex problems and driving creativity and innovation on specialized projects.
Honors and Recognition
• President’s Award Recipient for 2018 & 2019.
• Selected for three of Toyota’s top Executive Leadership Development Programs, including Success Share, Advanced Leadership Development, and Innovation and Creativity.
• Member of several Executive Oversight and New Product Development Committees (eg., new loan origination system replacement, rideshare initiatives, formation of a new driver-performance based insurance company, development of new products, driverless vehicles, export programs for certified used vehicles).
Highlights
• Partnered with the General Counsel and TMCC’s highest level Business Executives on a Consumer Financial Protection Bureau (CFPB) enforcement action & two examinations, covering Fair Lending, Originations and Servicing. This required ability to communicate clearly and effectively to a variety of audiences including executive leadership, all levels of corporate personnel, attorneys and all levels of government agency personnel.
• Managed remediation efforts for significant enforcement actions involving state and federal regulatory agencies.
• Spearheaded program to foster improved relations with state and federal regulators which later transitioned to TMCC’s Regulatory Affairs Office.
• Provided legal advice on numerous global and domestic strategic initiatives, including ride share programs, a re-marketing/export program for used cars, e-contracting, formation of a user-based insurance company, monthly lease subscription program, and securitized leases. Working on these initiatives required ability to work collaboratively and effectively with all levels within the organization to drive innovation while balancing multiple competing priorities.
Advancement Chronology
• Assistant General Counsel: Expanded responsibilities to manage the securities, corporate governance, contracts, dealer lending and procurement legal teams. (2015 to 2020).
• Managing Counsel: Corporate Attorney and Leader of Compliance Attorneys and Paralegals (servicing, originations, litigation, servicing, reinsurance, ancillary products, user-based insurance & licensing). Also responsible for managing state & federal examinations. Recruited by TMCC’s General Counsel to initiate CFPB readiness corporate-wide. (2011 to 2016).
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Kubota Corporation
Torrance, CA | 2003 to 2011
General Counsel, Vice President, Chief Compliance Officer, and acting Corporate Secretary to three of Kubota’s five U.S. subsidiaries. Initially served as Products Liability Counsel to Kubota Tractor Corporation. In 2004, transitioned at the request of the President of the credit financing and insurance businesses to become the first General Counsel to Kubota Credit Corporation (KCC), Kubota Insurance Corporation (KIC), and Kubota Tractor Acceptance Corporation (KTAC). Helped grow the credit company and build the insurance businesses from the ground up. Negotiated and drafted complex contracts, performed internal employment investigations and managed employment disputes. Responsible for Corporate Compliance. Collaborated with executives, managers and supervisors to support diversity and inclusion, to drive innovation and to obtain excellent solutions to complex problems. Position required strong organizational skill and strategic analytical thought and judgment to assist the company to adapt to heightened governmental regulatory oversight. Handled corporate investigations and employment matters. Negotiated and drafted complex contracts. Reported to the President.
Highlights and Honors
• Honored with President’s Award, three years in a row.
• Helped double the revenue from $1.8 billion to $3.6 billion through development of new innovations including financial product lines e.g., consumer revolving credit (credit cards), and insurance products.
• Formed captive insurance company, captive insurance agency, and development of insurance products (property and casualty insurance and financing products).
• Transitioned company licensing from non-existent to licensure in all 50 states.
• Led Washington, D.C. lobbying efforts to form a limited purpose bank.
• Managed 20+ direct reports as well as outside counsel.
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Other Experience:
Morse, Giesler & Callister
Associate Attorney for real estate matters including commercial real estate developments, leasing, litigation disputes, financing, and securing approvals for commercial construction, including environmental impact studies and zoning.
Litton Industries (merged with Northrop Grumman Corp.)
Litigation Counsel for a top government defense contractor and leader in design, systems integration, and manufacturing of military aircraft, laser crystals, guidance systems, shipbuilding, and more. Handled civil and governance contracts, and litigation of contract disputes in state and federal courts. Also managed outside counsel on various high exposure matters such as Intellectual Property, employment, and government or civil contracts. Reported to the Assistant General Counsel.
Mendes & Mount, LLP
Commercial Litigator and Insurance Coverage Attorney in 212-attorney, New York-based corporate defense firm for Fortune 50 corporations. Regularly brought into “hot” practice areas such as insurance, reinsurance, aerospace products liability, environmental, and health hazard law.
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Education
Loyola Law School Los Angeles, California | JD
Law Review, Note & Comment Editor
Article, “Pre-dispute Arbitration Agreements in Securities Disputes: Rodriguez de Quijas v.
Shearson/American Express, Inc. – Speedy Justice or Just Speed?” Vol. 24, Number 3, P.757
Illinois Institute of Technology, Stuart School of Business, Chicago, Illinois | MBA Program
DePaul University, Chicago, Illinois | BA in Business
27351 Hidden Trail Road, Laguna Hills, CA 92653 | 818-239-2480 | [email protected]
PROFESSIONAL SUMMARY
Trusted legal advisor for more than fifteen years to some of the world’s largest companies. Passionate, collaborative, ethical, and dedicated, with a strong commitment to innovation and continuous improvement. Recognized by leadership for having the utmost of integrity, discretion, sound judgment, outstanding problem-solving skills and accountability through ownership of results. Excellent ability to communicate and collaborate effectively with legal, governmental agencies, and business partners.
Experience Overview: Complex Commercial Transactions, Vendor Agreements, Commercial Contracts, Licensing, Compliance, Risk Mitigation, Employment and Internal Investigations, Litigation, State and Federal Examinations & Enforcement Actions, Consumer Finance, Commercial Lending, Litigation, and Mortgage Lending.
—--
Employment History
JMAC Lending, Inc.
Santa Ana, CA | 3/2020 to 6/2022
General Counsel & Chief Compliance Officer: Reported to the CEO of JMAC Lending, Inc., JMAC Home Loans & SOL Mortgage. Responsibilities included providing legal and compliance advice on retail mortgage lending to consumers, correspondents, investors and warehouse financial transactions. Provided legal support for all transactional matters, complex contracts, customer disputes, state & federal examinations regarding regulatory matters, including compliance oversight.
—--
Toyota Motor Credit Corporation
Plano, TX | 4/1/2011 to 2/13/2020
Assistant General Counsel: Reported to the General Counsel of TMCC, the largest captive finance company in the world with a portfolio of approximately $100 billion. Supported the executive leadership, business partners, management, supervisors and others. Responsibilities included direct legal work providing accurate, timely and pragmatic legal advice in addition to managing the Legal Teams supporting Commercial Contracts, Consumer Lending, Litigation and Servicing. Elevated to managing 75% of the Legal Department’s teams of attorneys and paralegals specialized in the areas of Commercial Contracts, Litigation, Consumer Lending, Servicing, Corporate Transactions (Securities & Corporate Governance), and Litigation. Legal advice required experience working with General Contract laws as well as State and Federal Lending & Leasing Laws, Insurance, Reinsurance, and Compliance. Responsibilities included working on resolution of complex problems and driving creativity and innovation on specialized projects.
Honors and Recognition
• President’s Award Recipient for 2018 & 2019.
• Selected for three of Toyota’s top Executive Leadership Development Programs, including Success Share, Advanced Leadership Development, and Innovation and Creativity.
• Member of several Executive Oversight and New Product Development Committees (eg., new loan origination system replacement, rideshare initiatives, formation of a new driver-performance based insurance company, development of new products, driverless vehicles, export programs for certified used vehicles).
Highlights
• Partnered with the General Counsel and TMCC’s highest level Business Executives on a Consumer Financial Protection Bureau (CFPB) enforcement action & two examinations, covering Fair Lending, Originations and Servicing. This required ability to communicate clearly and effectively to a variety of audiences including executive leadership, all levels of corporate personnel, attorneys and all levels of government agency personnel.
• Managed remediation efforts for significant enforcement actions involving state and federal regulatory agencies.
• Spearheaded program to foster improved relations with state and federal regulators which later transitioned to TMCC’s Regulatory Affairs Office.
• Provided legal advice on numerous global and domestic strategic initiatives, including ride share programs, a re-marketing/export program for used cars, e-contracting, formation of a user-based insurance company, monthly lease subscription program, and securitized leases. Working on these initiatives required ability to work collaboratively and effectively with all levels within the organization to drive innovation while balancing multiple competing priorities.
Advancement Chronology
• Assistant General Counsel: Expanded responsibilities to manage the securities, corporate governance, contracts, dealer lending and procurement legal teams. (2015 to 2020).
• Managing Counsel: Corporate Attorney and Leader of Compliance Attorneys and Paralegals (servicing, originations, litigation, servicing, reinsurance, ancillary products, user-based insurance & licensing). Also responsible for managing state & federal examinations. Recruited by TMCC’s General Counsel to initiate CFPB readiness corporate-wide. (2011 to 2016).
—--
Kubota Corporation
Torrance, CA | 2003 to 2011
General Counsel, Vice President, Chief Compliance Officer, and acting Corporate Secretary to three of Kubota’s five U.S. subsidiaries. Initially served as Products Liability Counsel to Kubota Tractor Corporation. In 2004, transitioned at the request of the President of the credit financing and insurance businesses to become the first General Counsel to Kubota Credit Corporation (KCC), Kubota Insurance Corporation (KIC), and Kubota Tractor Acceptance Corporation (KTAC). Helped grow the credit company and build the insurance businesses from the ground up. Negotiated and drafted complex contracts, performed internal employment investigations and managed employment disputes. Responsible for Corporate Compliance. Collaborated with executives, managers and supervisors to support diversity and inclusion, to drive innovation and to obtain excellent solutions to complex problems. Position required strong organizational skill and strategic analytical thought and judgment to assist the company to adapt to heightened governmental regulatory oversight. Handled corporate investigations and employment matters. Negotiated and drafted complex contracts. Reported to the President.
Highlights and Honors
• Honored with President’s Award, three years in a row.
• Helped double the revenue from $1.8 billion to $3.6 billion through development of new innovations including financial product lines e.g., consumer revolving credit (credit cards), and insurance products.
• Formed captive insurance company, captive insurance agency, and development of insurance products (property and casualty insurance and financing products).
• Transitioned company licensing from non-existent to licensure in all 50 states.
• Led Washington, D.C. lobbying efforts to form a limited purpose bank.
• Managed 20+ direct reports as well as outside counsel.
—--
Other Experience:
Morse, Giesler & Callister
Associate Attorney for real estate matters including commercial real estate developments, leasing, litigation disputes, financing, and securing approvals for commercial construction, including environmental impact studies and zoning.
Litton Industries (merged with Northrop Grumman Corp.)
Litigation Counsel for a top government defense contractor and leader in design, systems integration, and manufacturing of military aircraft, laser crystals, guidance systems, shipbuilding, and more. Handled civil and governance contracts, and litigation of contract disputes in state and federal courts. Also managed outside counsel on various high exposure matters such as Intellectual Property, employment, and government or civil contracts. Reported to the Assistant General Counsel.
Mendes & Mount, LLP
Commercial Litigator and Insurance Coverage Attorney in 212-attorney, New York-based corporate defense firm for Fortune 50 corporations. Regularly brought into “hot” practice areas such as insurance, reinsurance, aerospace products liability, environmental, and health hazard law.
—--
Education
Loyola Law School Los Angeles, California | JD
Law Review, Note & Comment Editor
Article, “Pre-dispute Arbitration Agreements in Securities Disputes: Rodriguez de Quijas v.
Shearson/American Express, Inc. – Speedy Justice or Just Speed?” Vol. 24, Number 3, P.757
Illinois Institute of Technology, Stuart School of Business, Chicago, Illinois | MBA Program
DePaul University, Chicago, Illinois | BA in Business