Paul Fogle is the Managing Director of Quality Leasing Co., Inc. and is responsible for all aspects of the business. Since joining Quality in 2012, he has reorganized management, tripled the staff, made several processes improvements, implemented stricter underwriting standards, decreased delinquencies and write-offs, expanded sales efforts resulting in a 400+% growth in the portfolio and increased annual net income by a multiple of more than 8x. Paul’s background is in commercial lending where for the previous 25 years he estimates he has underwritten 7,000 transactions representing $6 billion worth of loans. For the majority of his career, he has sourced, underwritten and closed transactions as a lender and managed loan portfolios. Directly prior to joining Quality, Paul managed the daily operations of a private lending company, including screening, underwriting and closing new financing requests; marketing and sales development; loan restructuring; and assets sales. Paul served as the Vice President/COO of First Mount Vernon Industrial Loan Association, a regional, privately-held, equity-based commercial and investment real estate lender that specialized in non-traditional financing. Paul’s previous experience includes financing sub-prime commercial real estate with several divisions of Bayview Financial, a Miami-based real estate investment banking firm. He launched three of the company’s Midwestern regional offices and sourced, underwrote and closed several hundred sub-prime transactions. Prior to Bayview, Paul specialized in conduit lending for Column Financial, the conduit arm of Donaldson Lufkin & Jenrette (now Credit Suisse). Paul began his career in 1989 at ANB AMRO LaSalle National Bank (now Bank of America) as a commercial lender in downtown Chicago. Paul graduated with a Bachelor of Science in Business Administration from Miami University majoring in Finance and a minor in Decision Sciences.
The National Equipment Finance Association (NEFA) is a nonprofit trade association created to represent the equipment leasing and finance industry throughout North America by providing a forum for personal and professional growth through Community, Education and Professionalism.