Chairman of Kondaur Capital
Jon R. Daurio, Esq. is the Chairman and Chief Executive Officer and a director of Kondaur Capital Corporation since its inception. From June 2006 to June 2007, Mr. Daurio was a consultant to the mortgage banking industry and, from September 2006 through February 2007, Mr. Daurio worked full time as a consultant to The Prieston Group. From its inception through the end of 2007, Mr. Daurio was also the President, Chief Financial Officer and Secretary as well as a Director of PPCC, Inc., an entity he formed in 2004 to hold and service second lien loans originated by Park Place Capital Corporation.
Mr. Daurio co-founded Park Place Capital Corporation in 2001 as its Executive Vice President, Chief Administrative Officer, General Counsel, Secretary and Director. Park Place Capital Corporation was a special services company very similar to Kondaur, which sold its “scratch and dent business” to an Ameriquest Mortgage Company affiliate in 2002 and which then changed its name to “Sprint Funding Corporation”. Mr. Daurio was Sprint Funding Corporation’s President, General Counsel, Secretary and Director through to its closure in May 2006. Mr. Daurio also co-founded Encore Credit Corp., a national, wholesale, residential mortgage banker, and its former parent, ECC Capital Corporation (former NYSE trading symbol: ECR), a mortgage real estate investment trust. From Encore Credit Corp.’s inception in 2001 through 2004, Mr. Daurio was its Executive Vice President, Chief Administrative Officer, General Counsel, Secretary and a Director. Mr. Daurio held the same positions within Bravo Credit Corporation, which was ECR’s retail lending platform. From 1998 to 2001, Mr. Daurio was the President, Chief Executive Officer and Director of Loan Funding Corporation of America, a national, retail, residential mortgage banker.
Previously, Mr. Daurio founded and managed the operations of Financing USA, the consumer direct lending division of Long Beach Mortgage Company. Mr. Daurio also served Long Beach Mortgage Company and its predecessor, Long Beach Bank, F.S.B., as Senior Vice President and Corporate Counsel since 1992, as well as being an officer and director of many of both Long Beach Bank and Ameriquest Mortgage affiliates.
Prior to joining Long Beach Bank, he was the managing partner of O’Connor, Schmeltzer, Armstrong & Daurio, a law firm in Irvine, California, and an Associate Attorney with Latham & Watkins. He has Juris Doctor and Master of Business Administration degrees from the University of Southern California. In 1982, he earned a Bachelor of Arts degree cum laude from Harvard University. Mr. Daurio is also a fifth degree Black Belt in Tae Kwon Do.