LOURDES MARTINEZ

Piscataway, New Jersey *****, 1-732-***-****, acrx57@r.postjobfree.com

Summary: – Seeking a position as underwriter of real estate loans. A professional who is a self-starter and capable of effectively functioning with minimum supervision. Known for taking initiative and skilled at meeting challenges and deadlines. A team player who is attentive to detail and produces quality results. Computer proficient.

Over 5+ years in Commercial rental multifamily underwriting and homeowner multifamily underwriting.

Credit underwriting and analysis, problem solver

Proficient in excel

Ability to multi-task.

Work relationships across all levels

Administrative skills

EXPERIENCE:

FEDERAL HOME LOAN BANK OF NY, New York, NY – April 1996 – July 2015

Community Investment Analyst– Monitoring I – March 2015– July 2015

Responsible for the monitoring of rental real estate projects as well as homeownership real estate projects which involved credit underwriting analysis, financial monitoring, auditing, sampling, and review of documentation provided by Member Banks and project sponsors.

Managed portfolio of approximately 100 projects consisting of commercial multi-family rental and homeowner real estate in all phases of the project life cycle including pre-development, construction, stabilization, and tenant occupancy.

Analyzed/underwrite the financial structure of affordable housing multi-family rental projects which may include tenants that were formerly homeless, veterans, senior citizens, etc. & homeowner real estate projects, involving the review/underwriting/auditing of all documentation related to affordable housing multi-family rental real estate projects and homeowner projects, in order to confirm a projects need for subsidy (financing), approved targeting, affordability, and financial feasibility. Performed underwriting on all documentation related to the rental and homeowner projects. Analyzed over 100 projects, which included projects that received Tax credits- LIHTC and rental subsidy - Section 8.

-Review tenant rental worksheet -Request a 20% sample and review tenant income documents

-Review Construction development costs -Review, analyze and request evidence of empowerments for tenants

-Ensure 20% of units occupied by low income tenants. –Review all documents provided by outside agencies.

-Review appraisals

Provided assistance to Member Bank’s (customer institutions), housing organizations, architects, developers, tax credit syndicators and various other external agencies regarding any aspect of the Affordable Housing program.

Ad-hoc projects upon request.

Managed problem projects/loans on the Watch List and report to Senior Management

Gathered data and prepare research reports and notes for Senior Management.

Worked closely with funding agencies (SONYMA, NJHMFA, CPC, HPD etc.) in order to ensure the proper documentation was provided to the Federal Home Loan Bank for every project that received subsidy.

Generated reports for Board of Directors for Board meeting.

Generated letters requesting outstanding documentation from Member Banks and project Sponsors. This resulted in placing the projects into Long Term Status Monitoring.

Community Investment Quality Control Analyst – August 2007 to March 2015

Responsible for the monitoring of rental real estate projects as well as homeownership real estate projects which involved analysis, underwriting, auditing, sampling, and review of documentation provided by Member Banks and project sponsors.

Managed over 100 real estate projects which received funding, Placed over 100 real estate projects in 2014 into Long Term Monitoring. Managed over 600 commercial rental real estate projects requesting and analyzing outstanding documentation.

Analyzed applications and supporting documentation, included/submitted by Member banks (customers) and Sponsors to apply for grant (gap) funding subsidy.

Evaluated/analyzed funding requisitions from customer institutions to ensure compliance with applicable regulations and internal procedures

Performed site-visits of real estate projects that received subsidy to ensure the projects are responsibly maintained.

Participated in internal audits and external audits conducted by the Federal Housing Finance Agency, which also involve providing presentations regarding the Affordable Housing program products and processes.

Manager of First Home Club Grant Subsidy Program (May 2004 - 2007)

Responsible for managing the day to day operations of the First Home Club Grant program which provided down payment assistance for first time homebuyers.

Determined eligibility of participant’s enrolled in the program by reviewing all documentation i.e. income documentation, provided by Member Bank regarding a household requesting FHC grant subsidy.

Requested income documentation in order to approve subsidy for the homebuyers.

Provided troubleshooting assistance to member bank institutions, housing organizations and various external agencies

Analyzed applications and supporting documentation, included/submitted by Member banks and Sponsors to apply for grant (gap) funding subsidy.

Enforced, wrote and updated program policies and procedures

Trained personnel on the First Home Club Grant program and its operation.

Participated in implementing Sarbanes-0xley procedures testing and participated in Sarbanes-Oxley internal audit.

Participated and assisted with the Federal Housing Finance Board internal audit of First Home Club files.

Participated and assisted with internal department audits.

Collateral Department/Loan Review Analyst (April 1996- March 2003)

Responsible for on-site review and due diligence process of residential mortgage portfolio collateral, including its analysis, valuation and conformity to the secondary mortgage market standards and validation of data describing mortgages pledged. The on-site reviews were performed in accordance with standards similar to those established by the Auditing Standard Board of the American Institute of Certified Public Accounts.

Performed as lead analyst and participated as assistant lead analyst in on-site reviews (audits) of member bank’s residential mortgage collateral, including 1-4 family, home equity, second mortgage, cooperative share loan, mixed-use residential mortgages, and multi-family commercial mortgages ensuring compliance with the Federal Home Loan Bank’s Credit Policy, the Credit Risk Team’s operating rules and the Federal Housing Finance Board regulations.

Prepared Summary report of On-Site Review along with recommendation for adjustments to on-site review margin.

Prepared member bank (customer institutions) risk assessment reports. Evaluated financial and credit components of member bank reported financial data. Financial analysis included comparing financial performance to industry and bank peer group financial performance. Assisted in the enhancement of the member bank collateral risk assessment process. A fair market value of the member bank’s qualifying mortgage collateral was determined.

Performed review and analysis for pledge requests of large loans $25 million and greater and participation/syndication loans. Prepared recommendation regarding eligibility of collateral.

Maintained proficiency in the knowledge, expertise and review of Puerto Rico mortgage assets and legal documentation.

Assisted in the enhancement of due diligence procedures, forms and reports based on current industry standards.

Developed and distributed risk management reports in regards to the Federal Home Loan Bank’s, exposure to natural and man-made disasters, product type and changes in market conditions.

Participated in Credit Risk Team meetings, when necessary, presenting on-site results and recommendations.

EDUCATION: Seton Hall University, BA, Liberal Arts Degree

PROFESSIONAL COURSES:

Real Estate Finance & Accounting–New York University-June 2015 –Fundamentals of Property Management–Pace University – October 2013

PROFESSIONAL ORGANIZATIONS:

Member of the Women’s Association of Savings Institutions of NY

Member of the NY Chapter - Association of Latin Professionals in Finance & Accounting

SOFTWARE: Excel, MS Word and Outlook. Proficiency in data collection software use by FHLB

Languages: Spanish

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