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Saturday, November 28, 2009, 6:40AM ET - U.S. Markets Closed. Dow Down 1.48% Nasdaq Down 1.73%
Doral Financial Corp. (DRL)On Nov 27: 3.12  Down 0.08 (2.50%)  
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Doral Financial Corp.
1451 FD Roosevelt Avenue
San Juan, PR 00920-2717
United States - Map
Phone: 787-474-6700
Fax: 787-749-8267
Web Site: http://www.doralfinancial.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Mortgage Investment
Full Time Employees:1,384

BUSINESS SUMMARY 
Doral Financial Corporation, through its subsidiaries, provides a range of financial services primarily in Puerto Rico and New York. The company operates in four segments: Banking, Mortgage Banking, Insurance Agency, and Institutional Securities. The Banking segment offers commercial lending, consumer loans, leasing, and construction lending services; accepts deposits from the general public and institutions; obtains borrowings; invests in mortgage-backed securities and other investment securities; and offers traditional banking services. It also operates a federal savings bank, which gathers deposits through an Internet-based platform, originates and invests in interim loans secured by multi-family apartment buildings and commercial properties, and invests in investment securities. As of December 31, 2008, this segment operated 41 branch offices in Puerto Rico. The Mortgage Banking segment operates mortgage origination and servicing platforms, and offers residential mortgage loans, as well as provides residential mortgage lending, mortgage origination channels, mortgage loan underwriting, mortgage loan servicing, loans and securitization sale, and secondary mortgage market and tax treatment services. It also offers mortgage loans insured by federal housing administration, veterans administration, and rural housing service. The Insurance Agency segment offers property, casualty, life, and title insurance to its mortgage loan customers. The Institutional Securities segment acts as a co-investment manager for a local fixed-income investment company. The company was founded in 1972 and is based in San Juan, Puerto Rico. Doral Financial Corporation is a subsidiary of Doral Holdings Delaware, LLC.
Key Statistics

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    CORPORATE GOVERNANCE 
    Doral Financial Corp.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 47.5% of Russell 3000 companies and 60.9% of Banks companies.
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    KEY EXECUTIVES 
     PayExercised
    Mr. Glen Wakeman , 49
    Chief Exec. Officer, Pres, Director, Chief Exec. Officer of Doral Bank PR and Pres of Doral Bank PR
    $ 2.50MN/A
    Mr. Enrique R. Ubarri-BaragaƱo Esq., 37
    Exec. VP, Sec., Gen. Counsel of Doral Bank
    $ 640.00KN/A
    Mr. Paul Makowski , 57
    Chief Risk Officer, Exec. VP of Doral Bank
    $ 450.00KN/A
    Ms. Lesbia Blanco-Diaz , 62
    Chief Talent & Admin. Officer, Director of Corp. HR and Exec. VP
    N/A N/A
    Mr. Christopher C. Poulton , 37
    Chief Bus. Devel. Officer and Exec. VP
    $ 640.00KN/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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