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Management Team

Dave Ludwig
President
DaveL@nlex.com

Dave developed NLEX from its start as a post-RTC sales outlet to the nation's leading broker of charged-off credit card and consumer debt accounts. Considered a leading pioneer in the debt sales industry, Dave has been a featured speaker at dozens of industry conferences. He has been quoted in numerous publications including the New York Times, LA Times, Collections and Credit Risk, Collector Magazine, and serves as consultant and expert witness within the industry.

Since introducing NLEX to financial institutions in the early 1990's, Dave has supervised the sale of over 5,000 portfolios with face value of $150 billion. Dave has a Bachelor of Science Degree in Economics from the University of Illinois, and has been in the financial industry for 25 years.


 
Paul Banninger
Vice President - Sales
PaulB@nlex.com

Paul joined National Loan Exchange in 2007 after spending over 30 years in the Mortgage Lending and Servicing industry. Widely considered an industry expert, Paul has held Senior Executive positions with many of the country's top financial institutions.

Prior to joining NLEX, Paul's positions included Vice President of Re Lending and Real Estate Collections and Senior Vice President of Sales, both positions for Household International. Other roles included Senior Executive Vice President of Wholesale and Retail Lending for Banc One Financial and National Sales Director at Wilmington Finance, a division of AIG. Paul’s cradle to grave experience in senior leadership roles within the Mortgage Industry is a key asset to sellers exploring various sale or service alternatives.

Paul is also a Six Sigma leader and holds a Real Estate license. Mr. Banninger has also been a requested speaker at Distressed Mortgage Industry trade shows.


 
Tom Hicks
Vice President - Sales
TomH@nlex.com

Tom has over 25 years of sales and marketing experience and over 17 years’ experience in the sale and acquisition of distressed portfolios as well as contingency sales. Mr. Hicks has been involved in the sale of over $22 billion of portfolio sales representing over 2,100 transactions and over $500 million in purchase price. Tom has performed sales for many of the nation’s largest financial institutions including Citibank, Bank of America, GE Money, and Wells Fargo marketing a wide variety of portfolio types including credit cards, auto deficiencies, consumer loans, as well as several other asset types.

Tom’s primary role at NLEX will be providing due diligence and bidding support for state and national buyers in conjunction with monitoring an analyzing industry trends Mr. Hicks previously worked in acquisitions for one of the largest purchasers of fresh charge off portfolios as well as contingency sales for a legal collection firm.

Tom received his Bachelors of Science degree from Illinois State University.


 
Glenda Kuerschgen
Contract Administrator
GlendaK@nlex.com

Glenda joined NLEX in 1998 as Contract Administrator. She has participated in over 1,000 contract negotiations and sale closings. Glenda serves as liaison between Seller and NLEX during portfolio preparation prior to marketing. She also serves as liaison between Seller and Buyer during contract negotiation, sale close and helps resolve any post sale questions. Glenda is a certified Paralegal.


 
Sandy Lamaak
Vice President - Information Technology
SandyL@nlex.com

Sandy joined NLEX as the IT Manager in January 2000. Previously she worked as an outside consultant to NLEX for the preceding eleven years, dating back to our sales for the Resolution Trust Corporation. She has over twenty years experience in IT Management. Sandy has oversight for all IT services, which includes the preparation and analysis of portfolios, Information Security policies and procedures, and website development.

Tom Ludwig
General Counsel
TomL@nlex.com

As General Counsel and Executive Vice President at NLEX, Tom is responsible for all legal matters, and provides oversight of operational, compliance, and corporate strategy initiatives. Having been involved in thousands of portfolio sales representing billions of dollars in face value, Tom is proficient in rules and regulations impacting the purchase, sale and servicing of loan sale transactions across multiple asset classes. He is an active member of various industry organizations including ACA International (MAP member, Asset Buyers Division Committee 2014-2015, Fellow designation, Scholar designation), the Association of Corporate Counsel (Membership Committee 2012-2013, Illinois Creditor Bar Association, Madison County Bar Association, and DBA International. Tom is licensed to practice law in Illinois and Missouri, and is certified as a Credit & Collection Compliance Officer by ACA International. He holds a Bachelor of Science degree from the University of Illinois Urbana-Champaign and a Juris Doctor from the Southern Illinois University Carbondale School of Law.


 
Van Millis
Vice President – Asset Strategy & Analysis
VanM@nlex.com

Van Millis has actively participated in over $20 Billion of debt portfolio transactions at NLEX. Van rejoined NLEX in September 2014 after spending over 4 years expanding his expertise and skill set on the collection attorney network and agency side of the ARM industry. He served as Director at Client Services, Inc. (CSI), a premier collection agency partner to 8 of the nation's top 10 financial institutions among other major creditors. Working with this highly sophisticated group of lenders exposed Van to the industry's leading compliance and performance philosophies. This experience also provided insight into how a leading industry player balances the demands of today's compliance environment while maintaining tier best performance. He joined CSI from the Performance Management division of TRAKAmerica, Inc., the industry’s foremost collection attorney network. While at TRAKAmerica, Van managed all facets of the collection litigation process for over $1.2 billion in receivables across 14 states and 35 collection attorney firms.

Van graduated from the University of Illinois at Urbana-Champaign with a Bachelor of Science in Business Administration and later earned a Masters in Business Administration from Webster University.


 
Jefferson Moore
Vice President - Sales
JeffM@nlex.com

Jeff returns to NLEX in 2013 following lengthy affiliations with a number of well-known debt-purchasing and industry collection operations. From the time NLEX launched, Jeff has made major contributions to the growth of the debt purchasing industry. First affiliated with NLEX, he was responsible for expanding sources of brokered non-performing debt and contributed to early charged-off credit card and consumer debt transactions. Jeff affiliated with and was an officer of the nation’s first publically traded debt purchasing entity. While there he was responsible for acquiring over $5.0 billion in inventory. Following a similar role with a national collection agency, Jeff launched multiple debt-purchasing partnerships more often focused on non-traditional, boutique sources of receivables. Jeff returns to NLEX as seasoned debt analyst, broker and results oriented portfolio manager.

Jeff earned a Bachelors of Science Degree in Business from the University of Missouri.


 
Norm Slazinik
CFO
NormS@nlex.com

Norm joined NLEX in July 2013 after a 9 year career with the Internal Revenue Service, working both domestic and offshore issues. During his tenure with the IRS, he served as Revenue Agent and Manager, and also as a Technical Expert to Midwest Area Revenue Agents regarding offshore issues.

Prior to that, Norm served for 30 years in the private sector, gaining diverse experience in financial reporting and management for companies in a wide variety of industries, including banking, manufacturing, sales and distribution, as well as being a business owner himself.

Norm holds a Bachelor of Science degree from Southern Illinois University in Edwardsville, Illinois.


 
Tony Spencer
Vice President - Sales
TonyS@nlex.com

Tony joined NLEX in 2007 after a 14 year tenure with JP Morgan Chase Card Services. As Vice President of Recovery Operations, Tony was responsible for strategy and recovery efforts on Chase's $3.5 Billion private label portfolio. In this capacity, Tony oversaw the sale $1 billion in credit card assets, internal collection teams, agency strategies, an attorney/arbitration network and Bankruptcy processing.

Since joining National Loan Exchange, Inc., Tony has supported many of the nations top issuers in developing effective sale or service strategies.