Freedom Services - About Us

Freedom Services Financial Group, LLC

	Nancy Warmoth Manager


	Stuart Honse

	Lois Kornbrot

	Jerry Langley

About Us

Freedom Services, a small, efficient company with Principals directly involved in daily operations, is neither hindered by internal policy, procedural, or approval requirements, nor constrained by conflicts often present when a service provider is part of a large organization.

The four principals of the Company each bring over thirty years of experience to the organization and believe that it is a very responsive, knowledgeable service provider.

Ms. Warmoth graduated from the University of Illinois with a B.A. in Finance and continued her education at DePaul University where she was awarded an M.B.A. with an emphasis in accounting. She has also successfully passed the CPA exam.

Ms. Warmoth joined McDonald’s Corporation in 1977 where she held a number of positions in Corporate Accounting prior to transferring to the Insurance Department where she managed the Claim Center for eighteen years. Crucial to the evolution of the Claim Center from a manual call-in center to a fully functioning claims management and reporting group was the development of an integrated “Risk Management Information System”. Ms. Warmoth led the team responsible for developing a complicated set of programs that had the capability to validate coverage, evaluate and process medical bills, and prepare detail and summary management reports at the Corporate, Regional, Franchisee and store levels. She also played an integral role in the management of the Bermuda based “McDonald’s Owner/Operator Insurance Company” which included the establishment of accounting standards and controls, preparation of interim and audited financial statements, premium billing and investment analysis.

Ms. Warmoth joined System Capital Corporation as its Controller in 1999 and became its Chief Operating Officer in 2005. With the assistance of Lois Kornbrot and an independent consultant, a management system was developed that tracks loans, commercial paper, term notes and derivatives. She also implemented a number of accounting controls which ensured the accurate preparation of daily, weekly, monthly and annual reports to the Company’s board, bank group, rating agencies and investors.

Mr. Honse received a Degree in Economics from Chapman University in 1966, and served as a US Peace Corps Volunteer (Venezuela) from 1966-1968.

Between 1969 and 1975 Mr. Honse held positions with The University of California, Davis, and The Rural California Housing Corporation. He served as senior staff to the California State Legislature, and, in 1975 traveled in South America and worked for five months in Montevideo. Upon return, he was appointed to the California Housing Finance Agency serving as its first Administrative Officer, and then as its Chief Lending Officer. From 1982 – 1987 Mr. Honse was a shareholder of Kidder Peabody & Co, directing its western U.S. municipal mortgage operations out of San Francisco.

In December 1987, Mr. Honse joined Chemical Bank (now JPMorgan Chase) to help establish its Asset Securitization business, and was the financial architect of Golden Managers Acceptance Corp, a company providing financial products to the McDonald’s Restaurant System. He directed the creation of similar finance companies for other brand systems including Exxon, Texaco, Amoco, Mobil, Hallmark and Hilton Hotels among others.

In late 1995 Mr. Honse was transferred to London, where he directed the Bank’s asset securitization business in Europe, Africa and the Middle East. He counted among his major clients, Nokia, Grand Met/Diageo, Yukos Oil, Vitol, Glencore, Lukoil, and several Turkish and Polish banks. In 1999 Mr. Honse and his family returned to California, and he retired from Chase in 2000.

Between 1997 and 2006 Mr. Honse served as a Director of various subsidiaries of System Capital Corporation and as a consultant to the company beginning in May 2000. He served as a Director for several finance subsidiaries of BUNGE Limited through 2006.

Ms. Kornbrot earned a B.A. degree in Computer Science, with a minor in Business from North Central College.

Prior to joining Blaylock Oil Company in 1986, Ms. Kornbrot worked for Burger King Corporation as a Tax Manager where she was instrumental in automating systems to reconcile and generate various tax returns. While with Blaylock Oil Company Ms. Kornbrot managed the tax, accounting and financial functions for three companies where she automated systems to track and reconcile store activities and fuel pricing. In 1989 Ms. Kornbrot moved to Homestead Pole Bean Co-Op where she managed the accounting and financial functions and implemented accounting standards and controls.

In January of 1991, Ms. Kornbrot joined the team at McDonald’s Claim Center where she managed the department’s help desk, networking, hardware and software installations. She planned and administered software solutions that allowed users, internal and external, to remotely communicate with the organization’s network. Ms. Kornbrot was a member of the team that designed an integrated Risk Management Information System.

In 1998, Ms. Kornbrot joined OAG a global content management company specializing in travel and transport where she was instrumental in implementing and managing a 24-hour global Service Center. Ms. Kornbrot also developed and implemented a Disaster Recovery plan to preserve data integrity against hardware failures and catastrophic accidents.

Ms. Kornbrot joined System Capital Corporation in 2001 as its Accounting and Systems Manager. She played an integral role in the development and implementation of a software system utilized to manage the obligor, loan, commercial paper and derivative databases. In addition, Ms. Kornbrot developed a detailed back-up and disaster recovery plan utilizing off-site storage and a hot site.

After receiving his MBA at Northwestern in 1971, Mr. Langley worked at the American National Bank and Trust Company of Chicago (now part of JPMorgan Chase) for 7 years in the Commercial Banking Department and then 4 years as head of the International Banking Department. He joined the Treasury Department of McDonald’s Corporation in 1982 and at various times had responsibility for international finance, capital markets, global cash management, foreign exchange and the development of financing programs for franchisees and suppliers. He worked closely with major global banks and other financial providers to see that the company’s financing needs were met. In the process, Mr. Langley traveled to over eighty countries and negotiated financing transactions with major institutions around the world. This experience provided an excellent understanding of how to assess and hedge risks and the various tax, legal and economic considerations a company must consider in its financing strategy.

Mr. Langley left McDonald’s in May 1999 to pursue his interest in teaching at the college level. He is currently Executive-in-Residence at The Mendoza College of Business at the University of Notre Dame, teaching courses in international finance, investment management, commercial banking and corporate finance. Mr. Langley currently serves as Chair of the Northern Indiana Workforce Board. From 1999 through 2006 Mr. Langley served as a Director and the President of System Capital Holdings Corp and its affiliated companies, and served as Director of several finance subsidiaries of BUNGE Limited.