Mortgage Loan

Dorothy Kosse

**** * *** ******

Bismarck, ND ***01

Phone # 701-***-****

Cell # 701-***-****

Work Experience

Vue Community Credit Union – March 23, 2017 to Present

Mortgage Loan Administrator

Process Mortgage Loans from preparing Loan Estimates and initial disclosures, to ordering appraisals and title work and preparing closing papers of loans. Running loans through the AUS Fannie Mae DO/DU and Freddie Mac LPA and get the findings to review. Underwriting loans per the conventional Secondary Market Fannie Mae and Freddie Mac and Investor Guidelines. Administrator for MERS (Mortgage Electronic Registration System) for the transferring of the sold loans. Currently delegated with Franklin American Mortgage only. Balance wires for Loans purchased by the Secondary Market. Fund Internal Loans and Balance closing funds. Maintain Excel Spreadsheet on income earned per loan. Maintain pipeline report. Administrator for processing software defaults and loan templates set up. Work with 3rd party Quality Control Review company to load files and address compliance issues. Help Loan Officers to process HELOC’s and internal closed end mortgage loans. Maintain escrow report for homeowner’s insurance and pay out homeowner’s insurance for escrowed loans. Help develop procedures for the mortgage loan department. Also Maintain HMDA LAR for reporting of dwelling secured loans. Auditing loan files for completeness and entered on servicing system correctly. Other duties as assigned to help Mortgage Loan Officers and Commercial Loan Officer and assist Compliance Officer with reviews. Prepare Satisfactions of Mortgages for paid loans. E-file the mortgages and satisfactions of paid in full loans. Cancel flood certifications on paid in full loans. Create payment coupons for internal loans. Scan all loan files/packages into folders on system for secondary market and Quality Control Review Companies.

Horizon Financial Bank – August 4, 2014 to March 23, 2017

Loan Administrator and Mortgage Processor/Mortgage Lending.

Talked with Customers about mortgage loan products. Work up qualification of borrower(s). Prepare and processing Mortgage Loan Paperwork. Maintain the bank tickler Financials, insurances, tax returns and other items for commercial and real estate Loans. Filing UCC’S with the Secretary of State On-line system. Open new accounts for the Bismarck Branch. Real Estate Loan processing In-house and Secondary Market mortgage loans. Worked on Correspondent and delegated status with Investors. Sending verifications, order title work. Assist with appraisal ordering. Underwriting the mortgage loans per Investor guides to make sure compliant and complete for secondary market then upload for their review. Work with their Underwriters to clear up file for approval and purchase. Prepare closing documents. Prepare satisfactions of mortgage and have recorded. Maintain excel spreadsheet for Disbursement of closing funds and loan fees. Maintain checks and write out checks for Payment of bills and disbursement of loans through a closing and disbursement account. Balance wires for loans purchased on the secondary market. Created and maintain Excel spreadsheet loan log for tracking purposes of loans and income generated. Maintain HMDA Data software for reportable loans. Create loan lists for Quality Control Reviews and upload file. Work with software for Quality Control 3rd party for Regulation compliance and requirement of secondary market Investors. Assist Compliance Officer with answering questions and assisting in file reviews. Main loan program and closing costs templated and defaults of processing software.

Vue Community Credit – August 1, 2012 to August 4, 2014

Loan Processor/Underwriter

Process secondary market loans and in-house first mortgage loans involving: ordering of verifications, monitor appraisal order, order title work, create list for missing documentation in mortgage files for QM and ATR mortgage compliance and secondary market investor guidelines. Underwrite mortgage loans for Franklin American Mortgage and in-house mortgage loans and backup Processor for HELOC and Consumer Loans. Prepare mortgage closing documents on current software. Upload underwriting file and closed loan packages to Investor for purchase of mortgage loan. Monitor loans for final documents and ship documents to Investor. Maintain defaults and program parameters on mortgage loan processing software. Enter HMDA Data on FFIEC software. Create Excel spreadsheets for commercial loan ticklers and escrow hazard insurance payout tickler and keep it updated. Help Commercial Loan Officer with paperwork and upload to our CUSO for risk analysis. Pay hazard insurance and taxes out of escrow accounts. Process escrow analysis reports for all escrow accounts yearly on in-house mortgages and mobile home loans. Upload quality control review mortgage files to a 3rd party vendor and review findings and address any issues. Prepare Satisfactions of Mortgage and send into County Recorder for recording. Create labels through software for mortgage and consumer files.

Kirkwood Bank & Trust Co – February 11, 2008 to July 31, 2012

Mortgage Loan Processor

Process 1st purchase mortgages loans and refinanced mortgages to be sold on the secondary market. Order FHA, VA, Conventional and RHS Appraisals. Order title work needed for files. Review files for any missing documentation per investor guidelines and compliance guidelines. Process verifications needed and process outgoing mail. Prepare necessary documentation to get file into FHA, VA or Conventional underwriter. Check back loan files for HMDA Reporting. Balance wire once the loans were purchased by the investor. Answer phones and assist Loan Officer and customers with any questions.

CommunityWorks North Dakota – February 2004 to February 11, 2008

Housing Program Lender

Process 1st purchase mortgage loans and second mortgage loans and work with secondary market investors. Maintain QuickBooks for accounts payables and loan fund balances. Reconcile bank statements on QuickBooks. Write checks and pay third party fees and disburse settlement statements fees. Originate and underwrite incoming files for use of Dream funds and secondary market. Assist in the training of participating lenders on CWND Housing Programs. Service in-house loans by applying loan payments, paying homeowner insurance and taxes out of escrows, issue payoff quotes, enter new loans on the service system and do file check back on servicing system. Print month end reports and maintain various reports for management. Review, print and mail to customers their IRS 1098, 1099S, 1099M year-end reporting forms. Enter loans on N-Step Software.

BNC National Bank –March 2001 to February 2004

Mortgage Operations Processor

Assist Mortgage Loan Officer with customer and Realtor questions. Take applications from customers. Develop mortgage loan packets for lending staff. Provide investor guidelines to lending staff. Input mortgage loan applications and tracking information. Order credit reports, verifications, and appraisals. Interface with automated underwriting systems. Submit files to underwriting/insurer for final approval. Prepare closing documents for title companies. Book loans when funded and process ticket entries. Maintain loan plans and defaults on loan origination system. Balance loan general ledger payable accounts. Create pipeline reports and incentive reports. Review files and mail final recorded documents to investors.

Starion Financial – May 1995 to March 2001

Mortgage Banking Assistant

Process Mortgage loans with procedures same as above. Maintain tickler system. Process mortgage loan payments. Balance the loan general ledger, bank accounts, and non-post items.

North Dakota Housing Finance Agency – April 1990 to May 1995

Housing Program Specialist

Process mortgage loans to ND Housing Finance guidelines as well as conventional, FHA and Rural Housing guidelines. Process with procedures same as above. Maintain accounting ledger for each loan. Input data for HMDA reporting.

Administrative Clerk

Process reservations for program funds. Input and balanced cash receipts. Reviewed and logged final recorded documentation.

Bank of North Dakota

Account Technician II – June 1987 to April 1990

Process loan payments and maintenance loans and payoffs on-line. Book commercial, mortgage, and consumer loans. Pay monthly hazard insurance premiums for mortgage loans. Batch and balance loan payments.

Clerk II – September 1981 to June 1987

Perform general bookkeeping duties. Process check return item for overdrawn accounts. Post tickets to general ledger accounts.

Education

Excel Spreadsheet introduction class at BSC August 2015

BVS Trainings through Computer on bank and regulation requirements on going

•FHA Single Family Training – Fargo ND – August 31 – September 1, 2010

•NeighborWorks Training Institute – Enrolled in Homeownership and Community Lending Track 2005

•GE Mortgage Insurance – Analysis of the Self-Employed Borrower and Introduction to Appraisal Underwriting 2004

•American Institute of Banking – Analyzing Financial Statements 2003

•ND Bankers Association – Residential Mortgage Lending Series 1994

•Over last several years have done many webinars by Wolters Klurer Financial Services, and Compliance webinars.

•Just finished up going through a Genworth Underwriting University which consisted of 16 webinars and test questions that involve underwriting a mortgage file.

Assets

I am familiar with several mortgage loans processing software and servicing software and Microsoft Office programs. I have created excel spreadsheets for tracking of many items per loan. I have Processed mortgage loans for 20 + years and have been through several refinance crisis. I love the paperwork and being very detailed orientated and working with Underwriters. Would love to eventually move into Underwriting position and/or Auditing files for completeness and compliance.

I have worked on BytePro, Calyx Point, Harland LaserPro, Wolters Klurer Compliance One Mortgage and Lending software for mortgage loans. IDS Documents and DocMagic for closing documents. I have worked with word & excel.

Familiar with various secondary markets Investors:

•ND Housing Finance Agency

•Bank of North Dakota

•Franklin American Mortgage

•Caliber Home Loans Inc.

•Servion Mortgage, Inc.

•Wells Fargo Home Mortgage

• Stonegate Mortgage Corporation

References Furnished upon request.

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