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Loan IQProfessional SummaryLocation: Charlotte, NCAvailability: ImmediatelyCandidate Experience:Detailed and goal-oriented business professional with more than 20 years of experience in diverse business settings.Experienced in various Professional Positions in different companies in M & A, FSI, M & A, C & I.Excellent organizational, time management and interpersonal skills. Demonstrated ability to analyze quickly, negotiate and make decisions.Skilled in problem solving. Ability to work within an organization to achieve company goals and objectives. Always seeing the "Companys big pictureExperience using Loan IQReasonable ability of Managing, prepare and review loan documentationAdequate Knowledge of Loan Processes and ProceduresFundamental Knowledge of Business Processes, Systems, and Tools used in the Loan ProcessAdequate Knowledge of Loan Products and Loan ServicesDescription of Duties Work on Syndicated and Commercial lending operations at Bank of America as the lead bank and with other various banking Institutions that partnered wit BofA in the loan Syndication. Obtained a working knowledge of Syndicated Lending Operations including Credit Agreements, new facility onboarding, loan servicing, Fedwire payments, General Ledger reconciliation, trading via assignment, revolving credit facilities, term loan facilities, etc. Knowledge of Syndicate market initiative to streamline and automate the settlement and servicing for Loans, ensure all syndicated lending transactions are booked and managed with contact with all the syndicated partners to avoid any potential losses and ensuring compliance with all bank policies and procedures. Worked with managing all aspects of Loan servicing, including interaction with senior internal and external stakeholders. Clients, Investors/Lenders, Agent Bank, Front Office. Also the servicing of the banks that partnered in the Syndication. Obtained a working knowledge of Syndicated Lending Operations including Credit Agreements, new facility onboarding, loan servicing, Fedwire payments, General Ledger reconciliation, trading via assignment, revolving credit facilities, term loan facilities, etc.Knowledge of the Syndicate market initiative to streamline and automate the settlement and servicing for Loans, ensure all syndicated lending transactions are booked and managed with contact with all the syndicated partners to avoid any potential losses and ensuring compliance with all bank policies and procedures. Worked with managing all aspects of Loan servicing, including interaction with senior internal and external stakeholders: Clients, Investors/Lenders, Agent Bank, Front Office.Technical SkillsSAPEmpowerUnifiBlack KnightVelocityLoan IQEncompass 360Mortgage BankingCommercial BankingMortgage CompaniesFDICOCCFHFABankingFNMAProfessional ExperienceExperis/ Charlotte NC Mar 2023 Apr 2023- Loan Auditor Banking Software Loan IQ Involves in providing day-to-day loan transactional processing which may include booking cash transactions and making payments, performing loan reconciliations, inputting general ledger entries and (complex) calculations This role will manage to prepare and review loan documentation while providing support to a variety of tasks related to the loan process Used Fedwire to track transactions between the bank & Syndication participants. Performs commercial business auditing activities, such as requirements analysis, business process modeling, and the creation of use cases, business rules, techniques. Excel, spreadsheets, Word, PowerPoint. Collaborates with stakeholders (internal and external clients with syndicate Commercial Syndicate loan ranging from 1MM dollar to 1-Billion-dollar Credit Facilities and money wire transfers and tracking. Communication with the participants regarding their payments Performs business analysis activities, such as requirements analysis, business process of creating a customer, Create Bilateral and Syndicated Deals, Service Deals, Create Secondary Trades, Understand Portfolio Management, Use Collateral, Use Document Tracking, Amendments, Document Tracking. Ad Hoc Queries, setting up a Simple Sole Lender Deal and Facility, Servicing Loans SBLCs, setting up a Host Bank Agented Syndicated Deal, Servicing a Syndicated Deals. Secondary Sales, Collateral, Ad Hoc Queries, Ticklers. Pivot Tables and VLOOKUPs Advance Excel, spreadsheets, Word, PowerPoint.SBA Sacramento CA Dec 2021 6/01/22 and Nov-2022 to currentlySenior Commercial Loan Underwriter-Underwrote home loans and made recommendations on collateral needed to secure the loans and processed the loan applications on a web-based computer system (i.e. DCMS)Applied accepted financial procedures to analyze financial resources to determine an applicant's ability to repay requested loans.Reviewed all pertinent facts needed to make eligibility determinations by analyzing such factors as the nature and cause of damage, intended use of proceeds, legislative and administrative loan limits, and disposition of insurance and other recoveries.Ensured loan files contain all pertinent documentation to include conversations with applicants and written recommendations or justifications for conclusion.Approved loans within credit authority and in accordance with MSPBNA credit policy and credit cultureProactively manage assigned pipelineCushman Wakefield/ SBA Herndon VA Apr 2020 Sep 2021Senior Commercial Loan Underwriter-Underwrote home loans and made recommendations on collateral needed to secure the loans and processed the loan applications on a web-based computer system (i.e. DCMS)Applied accepted financial procedures to analyze financial resources to determine an applicant's ability to repay requested loans.Reviewed all pertinent facts needed to make eligibility determinations by analyzing such factors as the nature and cause of damage, intended use of proceeds, legislative and administrative loan limits, and disposition of insurance and other recoveries.Ensured loan files contain all pertinent documentation to include conversations with applicants and written recommendations or justifications for conclusion.Approved loans within credit authority and in accordance with MSPBNA credit policy and credit cultureProactively managed assigned pipelineCharles Schwab Apr 2020 Jun 2020Underwriter (Contract)Responsible for credit decisions on customers loan request that fall outside standard credit policies or guidelines.Adherence to second look decline loan review process, with focus on request from low-moderate income applicants.Approve, counteroffer, decline or offer alternative lending products when appropriate.Document all pertinent underwriting information and correspondences into the automated lending system, Problem Solving/Analysis.Evaluate and render loan decisions on consumer loan requests, handling mostly undefined credit issues.Adherence to Bank Credit Policy, and that loan decisions are safe and sound. Suggest revisions to credit products, policy, process, and underwriting as results of loan reviews.Influence Responsibilities/ Level of Interaction; Participate in due diligence teams. Interface with primary vendors on risk-related matters for loan exception underwriting.Work with primary vendors to obtain consistent 24 hour or less turn times. Business Impact and Scope; hold delegated lending authority assigned to Bank personnel & utilize abilities to impact credit quality of portfolio.Identify risk issues and recommend changes to the process or policy.MBO PartnersSanctions Analyst May 2019 Oct 2019Responsible for updating Periodic KYC Review (PKR) Packages that will include the following completed.Reviews/screenings. Sanctions, Neg-News, Ownership Info, Transaction Review, EDD Review, Source of Wealth Verification, and summary write-up of the review Create and update KYC profiles in accordance with the bank Policy; aggregate documents obtained from the Front Office and undertake Customer Due Diligence (CDD) Support KYC requirements across multiple business lines, ensuring AML Regulations, as well as the bank policies and procedures are fully implemented.Utilize feedback and profile scores from Production Quality Control (QC) / Quality Assurance (QA) teams to improve the work product. Work in tandem with the QC/QA teams, SMSs and Team Leads to ensure timely completion of KYC profiles and prioritize workload.SBA Sacramento, CA Nov 2018 Dec 2018Loan OfficerResponsible for loan production, underwriting, and loan servicing and monitoring of U.S Small Business Administration (SBA) Guaranteed Loans. Collaborated with other Key Compliance individuals to design and implement policies and procedures and processes relating to transaction monitoring, KYC, CDD and tuning thresholds to optimizeInvestigations relating to digital currency. The loan officer would assist the SBA Manager in meeting production goals, a good understanding of the S.O.P., loan documentation and credit underwriting including cash flow analysis and loan structuring.Robert Half, Chicago, IL Sept 2018 Oct 2018Issue Validation AnalystValidate resolution plans to ensure they adequately address the root cause of identified issues found in the business lines and evaluate whether corrective actions are sustainable. Conduct a detailed review of evidence to support the closure and remediation of issues.Performing detailed re-tests to support issues has been effectively implemented and the related risk exposure has been reduced.Conduct credible challenge and provide Senior Management with value added feedback to verify issues have been appropriately resolved. Process Improvement: Development and implementation of compliance-related policies & procedures including Fraud investigations. Responsible for assessing model risk, deconstructing models to check integrity.Work closely with business line risk management, subject matter experts, and IIV management to address matters of concern and ensure issues are properly remediated.Identify trends, including repeat issues and inadequate corrective actions taken by business line.Perform periodic re-testing to verify the adequacy of business unit and testing team remediation.Create reporting for management based on the results of the validation review. Pivot Tables and VLOOKUPs Advance Excel, spreadsheets, Word, PowerPoint.Teliant, Dallas, May 2018-June 2018Compliance Loan AuditorAudit the credibility and accuracy of evidence provided in support of the Repurchase claim.Provides written appeals in those instances where the allegation does not meet the requirements of a breach of the respective mortgage contracts. Software Used Empower, Calyx, LPS-Black Knight,Reviews individual mortgage origination/post origination documentation and performs database research to obtain information needed to analyze the claim and research all loan servicing information and RESPA documentation for completion. Excel, spreadsheets, Word.Collabera San Ramon, CACompliance Loan Auditor-AML-BSA-Sanctions Analyst Mar 2018 May 2018Communicate regulatory information to multiple departments and ensure that information is interpreted correctly.Maintain documentation of compliance activities, such as complaints received or investigation outcomes.Risk Mitigation: Investigating and reporting suspicious activity such as fraud cases associated with the bank and its departments. Analyzed CDD/EDD documentation, including legal documentation.File appropriate compliance reports with regulatory agencies. Conduct the internal investigation of compliance issues. Identify compliance issues that require follow-up or investigation.Report violations of compliance or regulatory standards to duly authorized enforcement agencies as appropriate or required. Conduct periodic internal reviews or audits to ensure that compliance procedures are followed. Verify that all firm and regulatory policies and procedures have been documented, implemented & communicated. Discuss emerging compliance issues with management or employees.Keep informed regarding pending industry changes, trends, and best practices and assess the potential impact of these changes on organizational processes.Advise internal management or business partners on the implementation or operation of compliance programs.Consult with corporate attorneys as necessary to address difficult legal compliance issues. Monitor compliance systems to ensure their effectiveness. Conduct forensic financial investigations for TILA\RESPA-TRID- Compliance- AML -BSA Anti Money Laundering- SARs, USA PATRIOT Act, Money Laundering Crimes.SBA, Sacramento, CA Dec 2017 Mar 2018Loan OfficerResponsible for loan production, underwriting, and loan servicing and monitoring of U.S Small Business Administration (SBA) Guaranteed Loans.The loan officer would assist the SBA Manager in meeting production goals, a good understanding of the S.O.P., loan documentation and credit underwriting including cash flow analysis and loan structuring.Vanguard, Orlando, FL Sep 2017 Nov 2017FEMA InspectorCommunicating and coordinating with other staff involved in the program delivery process forApplicants performing accurate quantification and detailed description of disaster related damage,Including debris. Taking representative photographs that depict damage claims. Completing sketches of sites to supplement photographs and capture profile and cross-sectional perspectives writings a detailedDamage description and obtaining the applicant representatives agreement that all disaster-relatedDamage was described and quantified correctly and delivering the completed site inspection information to Site Inspector Task Force Leader.Cushman &Wakefield/ Bank of America Charlotte, NC Feb 2017 Sep 2017Commercial RE - Loan Auditor Banking Software Loan IQInvolves in providing day-to-day loan transactional processing which may include booking cash transactions and making payments, performing loan reconciliations, inputting general ledger entries and (complex) calculationsThis role will manage to prepare and review loan documentation while providing support to a variety of tasks related to the loan processUsed Fedwire to track transactions between the bank & Syndication participants.Performs commercial business auditing activities, such as requirements analysis, business process modeling, and the creation of use cases, business rules, techniques. Excel, spreadsheets, Word, PowerPoint. Collaborates with stakeholders (internal and external clients with syndicateCommercial Syndicate loan ranging from 1MM dollar to 1-Billion-dollar Credit Facilities and money wire transfers and tracking.Communication with the participants regarding their paymentsPerforms business analysis activities, such as requirements analysis, business process of creating a customer, Create Bilateral and Syndicated Deals, Service Deals, Create Secondary Trades, Understand Portfolio Management, Use Collateral, Use Document Tracking, Amendments, Document Tracking.Ad Hoc Queries, setting up a Simple Sole Lender Deal and Facility, Servicing Loans SBLCs, setting up a Host Bank Agented Syndicated Deal, Servicing a Syndicated Deals.Secondary Sales, Collateral, Ad Hoc Queries, Ticklers. Pivot Tables and VLOOKUPs Advance Excel, spreadsheets, Word, PowerPoint.Ampcus, Lake Mary, FL Jun 2016 Nov 2016Sr Business Analysis- Velocity Banking Software Fi-Serv Velocity AmpcusPerforms business analysis activities, such as requirements analysis, business process modeling, and the creation of use cases, business rules, glossaries, diagrams, user interface, and responsibility specifications using Rational Unified Process (RUP) techniques. Jira & Agile, VISO, SQL, Queries and Data Mapping for software upgrade project Used Excel, spreadsheets, Word, PowerPoint. Pivot Tables and VLOOKUPs Advance Excel, spreadsheets, Word, PowerPoint.Collaborates with stakeholders (internal and external clients), and leads requirements-elicitation workshops, evaluating feasibility and negotiating priorities.Determines whether requirements can be reused or adapted.Works on small to medium projects independently and can work on large to complex projects with minimal supervision. TILA\RESPA-TRID- Compliance- AML -BSA - SARs, USA PATRIOT Act, Money Laundering Crimes.Leads in identifying and understanding problems and opportunities.Articulates the key business problem and provides options for a solution.Participates in estimation activities.Consults in the creation of other project artifacts as noted by Fiserv's RUP Development Case.Reviews test cases, release literature, and user documentation.May conduct internal and external presentations to demonstrate executable software.May develop material and conduct internal functional release training.Participates in performing causal analysis and recommending best course of action for continual improvement.Clayton Group Tampa, FLCompliance Loan AuditorReviews individual mortgage origination/post origination documentation and performs database research to obtain information needed to analyze the claim and research all loan servicing information and RESPA documentation for completion.TILA\RESPA-TRID- Compliance- AML -BSA Anti Money Laundering Cny inconsistencies may be indicative of potential mortgage fraud. TILA\RESPA-TRID- Compliance- AML -BSA Anti Money Laundering Crimes.Recalculates the numeric loan parameters where applicable to the allegation of a breach.Excel, spreadsheets, Word, PowerPoint.Cognitive Options Deloitte Dallas, TX Mar 2016 Apr 2016Compliance Loan AuditorAudit the credibility and accuracy of evidence provided in support of the Repurchase claim.Provides written appeals in those instances where the allegation does not meet the requirements of a breach of the respective mortgage contracts. Software Used Empower, Calyx, LPS-Black Knight,Reviews individual mortgage origination/post origination documentation and performs database research to obtain information needed to analyze the claim and research all loan servicing information and RESPA documentation for completion. Excel, spreadsheets, Word, PowerPoint.Assess if the loan was originated consistent with applicable underwriting practices and loan program guidelines.Assess whether an alleged breach is material when applicable under the terms of the respective mortgage contracts.Analyzes origination documents and determines whether any inconsistencies may be indicative of potential mortgage fraud. TILA\RESPA-TRID- Compliance- AML -BSA Anti Money Laundering Crimes and credit analysis.Recalculates the numeric loan parameters where applicable to the allegation of a breach.Meet daily quota of 3.0 appeals per day; excellent writing ability and communication is essential.Green Key / FIS, Martland FL Nov 2015-Feb 2016Compliance Loan AuditorAudit for regulatory change, organization of Regulatory Compliance Policy & Procedures.Assist with file reviews for compliance; such as, RESPA reviews, accurate COC generation, HPML, etc.Monitor regulation updates, training timelines, course information dissemination and attendance tracking.Assist in the management of external compliance reviews and regulatory examinations.Instrumental in updating of training materials and related projects to support company growth and regulations.The Periodic Transaction Review and Period Statement Review and credit analysis.Provide employee and co-working compliance training TILA\RESPA-TRID- Compliance- AML -BSA Anti Money Laundering. Excel, spreadsheets, Word, PowerPoint.Research and provide relevant conclusions/recommendations for all compliance related issues and questionsAssist with interpreting, analyzing and implementing state or federal regulations.Compose written reports of compliance findings conclusions and recommendations.Conduct Fair Lending analysis and risk assessment and prepare reports for managementAssist in implementation of new and revised regulationsConduct Fair Lending analysis and risk assessment and prepare reports for managementCrete and enhance compliance monitoring review program emphasizing regulatory and legal compliance and adherence to established procedures.Warbirds San Juan Puerto Rico Mar 2015-Aug 2015Asset Professional-Mortgage Pipeline Auditor Doral Bank PRStructuring, auditing and presenting loan requests in accordance with internal policies and procedures.Reviewing loans within assigned limits and managing loan and portfolio credit quality.Overseeing and ensuring accuracy and performance of loan administration and processes, such as receipt of applications, from prospective applicants, completeness of loan packages and timely processing, funding, and closing of committed loans. Reviewed all loan servicing and RESPA documents for completeness.Review loan requests thoroughly and present recommendations for approval or denial of requests in format consistent with bank policy and regulatory guidelines and reviewing all loan servicing and RESPA document for accuracy and completeness. TILA\RESPA- Compliance- AML -BSA Anti Money Laundering Crimes.Demonstrated follow-up skills and completeness of work by monitoring loans booked to maintain compliance with loan agreement and bank policy. Excel, spreadsheets, Word, PowerPoint.Complete review of loan requests in a timely and thorough manner.Complete reviews of direct report and credit analysis.Compiling and analyzing market research data to develop or increase the competitiveness of current product and service offerings.USBank Mortgage Default Specialist Irvine, CA Mar 2014-Sep 2014Compliance Loan AuditorWorking knowledge of foreclosure law and terminology,Process to ensure Foreclosure timelines are being met and are in compliance to key performance metrics.Manage the timely and accurate processing of tasks assigned to it outsource vendors.Review and analyzes any exceptions received from the outsource vendor (i.e. high bid loss, hazard insurance claims, litigation, fraud, credit analysis) and performs or escalates the necessary action in a timely manner.Monitor all outsource vendors processes and provides direction and support as needed for the foreclosure portfolio.Provide excellent customer service to all internal and external customers. TILA\RESPA-Compliance- AML -BSA Anti Money Laundering Crimes, SAR,. Excel, spreadsheets, Word, PowerPoint.Make recommendations for and participates in the implementation of process improvements as needed or identified.Utilize existing reports and other performance tracking mechanisms to reinforce and ensure compliance with key performance metrics. Software Used Core Logic, Empower, Calyx, LPS-Black KnightCognitive Options -Bank of America Westlake village, CA Apr 2013-Aug 2013Compliance Loan Auditor /FHFA lawsuitAudit the credibility and accuracy of evidence provided in support of the Repurchase claim.Provides written appeals in those instances where the allegation does not meet the requirements of a breach of the respective mortgage contracts. Software Used Empower, Calyx, LPS-Black KnightReviews individual mortgage origination/post origination documentation and performs database research to obtain information needed to analyze the claim and research all loan servicing information and RESPA documentation for completion. TILA\RESPA- Compliance- AML -BSA Anti Money Laundering Crimes, SAR,OFAC & USA PATRIOT Act.Assess if the loan was originated consistent with applicable underwriting practices and loan program guidelines.Assess whether an alleged breach is material when applicable under the terms of the respective mortgage contracts.Analyzes origination documents and determines whether any inconsistencies may be indicative of potential mortgage fraud and credit analysis, Excel, spreadsheets, Word, PowerPoint.Recalculates the numeric loan parameters where applicable to the allegation of a breach.Meet daily quota of 3.0 appeals per day; excellent writing ability and communication is essentialEdge/Mac Anaheim, CA Jan 2013-Apr 2013Compliance Loan Auditor / FHFA lawsuitDetailed knowledge of the audit processing, both automated and manual underwriting. Manually underwritten using Edge Mac desktop for income calculations and financial review worksheets (Fannie Mae & Freddie Mac and FHA). In depth knowledge of conventional, conforming, and non-conforming, Excel, spreadsheets, Word, PowerPoint.Approved, declined, or suspended residential mortgage loan submissions based on a full credit underwrite.Maintain pipeline management of underwriting files a day while signing off on conditions.Evaluating and ensuring overall loan documents are accurate, complete, and compliant; reviewing of financial statements, and products within company and industry guidelines.Identifying issues and challenges on post-closing files and research all loan servicing information and RESPA documentation for completion. TILA\RESPA- Compliance- AML -BSA Anti Money Laundering, USA PATRIOT Act.Re verifying and confirming previous work on underwriters credit analyst.Handling complex mortgage/modification transactionsReviewing loan modification packages. Software Used Calyx, LPS-Black KnightManage a certain loss amount due to LendersExamine loan documentation for accuracy and completeness.Withdrawn and decline loan as appropriate.Responsible for wavering and re-selecting loan files.Reporting out of audit results for comprehensive evaluation of skill set training needs and performing action plans.Validate income, assets, collateral documents, and qualifying self-employment borrowers. Reviewing AVM and BPOs.Interthinx \First American - Fannie Mae Santa Ana, CA Mar 2012-Dec 2012Internal Compliance Loan AuditorDetailed knowledge of audit processing, both automated and manual underwriting. Manually underwritten using agent desktop for income calculations and financial review worksheets (Fannie Mae & Freddie Mac). In depth knowledge of conventional, conforming, and non-conforming, TILA\RESPA- Compliance- AML -BSA Anti Money Laundering, OFAC & Patriot Act.Approved, declined, or suspended residential mortgage loan submissions based on a full credit underwrite.Maintain pipeline management of underwriting files at least 5 files a day while signing off on conditions,Evaluating and ensuring overall loan documents are accurate, complete, and compliant; reviewing of financial statements, and products within company and industry guidelines.Identifying issues and challenges on post-closing filesRe verifying and confirming previous work on underwriters credit analyst.Handling complex mortgage/modification transactionsReviewing loan modification package. Excel, spreadsheets, Word, PowerPoint.Manage a certain loss amount due to LendersExamined and research all loan servicing information and RESPA documentation for completeness.Withdrawn and decline loan as appropriate.Responsible for wavering and re-selecting loan files.Reporting out of audit results for comprehensive evaluation of skill set training needs and performing action plans.Validate income, assets, collateral documents, and qualifying self-employment borrowers. Reviewing AVM and BPOs.Solomon Edwards\Bank of America- Pasadena CA Oct 2011-Jan 2012OCC- Compliance Loan AuditorRestructuring, modifying or loss mitigation of mortgages secured with residential property that qualify under the U.S. Treasury Department Home Affordability Modification Program (HAMP).Compliance with Patriot Act.Evaluates credit decisions for accuracy based upon established risk parameters and in accordance with policy, program, and product guidelines including all loan servicing and RESPA documents.Examines several different types of lending (conventional, government-backed, home equity, etc.).Responds to company, individual, and investor audits. Excel, spreadsheets, Word, PowerPoint.Assists with fraud detection and preventionReview files for fraud and money laundering and credit analyst.Responds to company, individual, and investor auditsReviews Loan Modification decisions for completeness and accuracy.File review includes document review, income calculations, coding, and decision accuracy and research all loan servicing information and RESPA documentation for completeness.Assists team in gathering and organizing data that will help track, report and manage internal control gap issues and mitigation plansProvides analytical, administrative support within an internal control environment.Banking Security Act, Patriot Act, Anti-Money Laundering guidelines, OFAC & Suspicious Activity Reporting Requirement.TILA\RESPA-Compliance- AML -BSA Anti Money LaunderingThompson, Cobb, Bazilio \ FDIC Dallas, TX Feb 2011-Mar 2011Waterstone Asset Management Commercial CRE Loan Auditor Oct 2010 Oct 2010RSM McGladry, LLC\FDIC Cleveland, OH Dec 2009-Aug 2010Deloitte/FDIC/ Asset Professional Commercial Aug 2009 -Sep 2009Quantum/FDIC /Investigation Lead Commercial Feb 2009 -Mar 2009Mir, Mitchell\FDIC, Houston TX Nov 2008-Feb 2009Adecco/Wells Fargo Private Bank Pleasant Hill, CA Apr 2008 -Sep 2008Adecco\Bank of America, Concord, CA July 2007- Dec 2007EducationEducationLoan Origination & Loan Officer Training State of TexasTraining: DE Underwriting TrainingNorth Lake College Commercial Underwriting, SingleFamily Underwriting and World Savings Underwriting TrainingCertifications: SMU Network |
