Multifaceted professional with extensive experience encompassing all facets of Real Estate/Mortgage Lending. A decisive leader with 15+ years of experience. Proven track record of loss mitigation and company cost savings related to repurchase defense from GSEs and other Investors. Comprehensive knowledge in mortgage lending from origination through post-closing. Underwriting knowledge of all product lines. Strong organizational, communication, analytical and interpersonal skills. Adept in performing within dynamically changing environments requiring focused decision-making.
11/2014 to Current
AVP, Loss Mitigation/Repurchase Prospect Mortgage － Sherman Oaks, CA
Proactively monitor Repurchase Department to ensure that all processes, procedures and policies are followed.
Review, evaluate and synthesize data to confirm loan viability and salability.
Identify risk issues and potential fraud.
Research and negotiate repurchase claims and indemnity contracts.
Manage repurchase request intake from GSEs and other Investors including meeting contractually response times with articulate and accurate rebuttals.
Prepare Repurchase and Indemnification authorization recommendations for Senior Management for all loans.
Daily interface with GSEs management in negotiations to solve impasse issues.
Collaborate with various departments to revise and implement procedures to mitigate future repurchase and indemnification exposure.
Review analyst's findings to ensure that all possible repurchase alternative routes have been thoroughly explored.
Responsible for all repurchase matters associated with the Correspondent Lending Division including the issuance of repurchase demands in accordance with the Master Purchase and Sale Agreements.
Prepare complex reports for Senior Management detailing all repurchase, government deficiency and mortgage insurance rescission activity on monthly, quarterly and annual basis.
Work with Accounting, Treasury and Capital Markets to ensure forecasting and reserve analysis is consistent with repurchase activity and scratch and dent sale.
03/2013 to 11/2014
Sr. Loss Mitigation AnalystProspect Mortgage
Perform post-funding audits of loans subject to repurchase demands to ensure compliance with policies and procedures as well as investor guidelines.
Review, evaluate and synthesize a variety of complex variables to assess loan quality and ensure appropriateness, business validity and salability.
Identify risk issues and potential fraud.
Prepare detailed appeals to investors to repurchase demands, HUD deficiencies and MI rescission claims.
Recommend quality and general operation improvement based on review of audit findings.
02/2011 to 02/2013
Sr. Fraud InvestigatorStrategic Mortgage Recoveries － Glendale, CA
Audit 50-60 closed loans for possible loan seller and/or 3rd party FDIC claims.
Re-verify employment, income and asset documentation for possible misrepresentation.
Review title policy and/or CPL with subject transaction history for straw, double escrow or seller/builder bail out scheme.
Review appraisal for accurate property evaluation.
Determine any non-arm's length transactions by establishing any relation or association among parties using LXNX and other public records.
Escalate files to subpoena closing agent/ title company/appraiser for work file.
Review subpoena production to either confirm or rule out initial audit findings for possible claims.
Work with attorneys to provide additional support on ongoing cases.
Analyze loan files for possible short sale fraud/ flop transactions.
08/2010 to 02/2011
Loan Processor IIProspect Mortgage － Sherman Oaks, CAReview
new loans for minimum documentation & check for accuracy and potential
problems. Obtain and review
documents for acceptability against loan conditions with the loan officer,
coordinate with buyers, sellers, title companies, escrow agents, surveyors and real estate agents
to obtain additional documentation, complete
loan submissions and perform closings. Ensure all loans are closed on or before
anticipated close dates.
05/2006 to 05/2007
Sr. UnderwriterNew Century Mortgage － Woodland Hills, CA
Responsible for underwriting 8-12 loans per day.
Examine overall loan documentation to ensure accuracy, completeness and fraud prevention.
Review loan-to-value ratio, credit report, application, appraisal, etc., to ensure that each loan meets company standards.
Make independent approval/denial decisions.
Sub-Prime and Alt-A loan evaluation.
07/2005 to 03/2006
Risk ManagerEncore Credit Corp － Woodland Hills, CA
Conduct audits to evaluate loan quality.
Examine docs for accuracy and fraud.
Document existing and emerging loan issues and concerns.
Analyze performance trends and credit quality.
Inform operations of the required Federal and State related regulations.
Develop and recommend effective and corrective actions for improving operations by implementing new processing procedures to enhance file quality.
01/2001 to 01/2005
UW Lead/Sr. Loan AnalystWMC Mortgage Corp － Woodland Hills, CA
Drive business growth analyzing $45 million in monthly funds.
Increase team performance by assisting managing 15+ personnel.
Extend profits by approving high value loan processes.
Comply 100% with WMC, Fannie Mae, Freddie Mac regulatory policies and guidelines.
Accurately maintain income documentation, tax returns and financial statements.
Establish and strengthen key relationships with all levels of the organization to meet and exceed challenging goals.
01/1999 to 01/2001
Loan Specialist/FunderCountrywide Home Loans － Simi Valley, CA
01/1997 to 01/1999
Sr. ProcessorMetro Lending Services － Glendale, CA
High School DiplomaDHS － Los Angeles, CA
Capital Markets, Repurchase Defense, Risk Management, Investor Delivery, Analysis, Forecasting