Description
SUMMARY Over 19 years in the Mortgage Industry specializing in Operations Management with an emphasis on Compliance and Underwriting. Have worked in or with all areas of the Mortgage Industry from Origination through Post Closing. Have streamlined mortgage divisions to make them more profitable by over 45%. Experienced in hiring, training and mentoring of up to 55 team members to achieve increased team goals. Worked heavily with Financial Compliance, Quality Control, Forensic Underwriting and Secondary Market regulations. Has worked with FNMA, FHLMC, FHLB, FHA, VA, USDA, Jumbo and Portfolio loans. MAJOR ACCOMPLISHMENTS * Streamlined Departments at all past employers by decreasing turn times and using the strengths of the individual staff members to enable the department to be more efficient hence more profitable by 45%. Took Merchants Bank from a 6 week underwriting time to 48 hours. * Pre-Underwriting quality control and forensic loan reviews to detect fraud trends and loan data discrepancies to save Wells Fargo Home Mortgage over $5 million per month in potential losses. * Helped grow BNC Mortgage branch from $6 million a month to $60 million a month. Achieved similar results at other companies. (Division * Underwrote and audited mortgage loans for compliance to investor and Government guidelines to insure they complied with the bank regulations and Regulation B. (Averaged 10 Underwrites per day.) * Underwrote the overflow of Mortgage and Consumer loans. * Project Manager which led committee in development of a relationship building plan for non-mortgage customers. Presented findings to Lenders for implementation of targeting these customers for mortgages. relocated out of state)-$2.5 Million Lending Authority * Quality Control audit of loans under FNMA FHLMC FHLB and FHA guidelines -Manual and automated. * Prepared formal reports for review ensured proper documentation consistent with company and industry guidelines implemented fraud detection techniques and performance compliance reviews and assisted with re-negotiations of loans based on lender guidelines to help save over $5 million a month in potential losses. * Helped develop and train the Forensic Underwriting team to review Subprime/Alt A loans that were originated prior to the mortgage industry collapse. * Trained new Processors and Underwriters to achieve their Mortgage Underwriting Authority Levels.
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