Auditing, Due Diligence & Underwriting Specialist
Resume:
Bilal J. Muhammad
**** ********* **** *****: ***
Atlanta GA 30305
**************@*****.***
Professional History
Auditing, Due Diligence, Underwriting, Loss Mitigations & Processing Contractor, Jan. - 1997 Present
Independent Contractor; Performing Residential & Commercial Underwriting, Compliance Due Diligence, Auditing, QC/QA Auditing, Processing, Closing & Specializing In Financial Analysis, Asset Analysis & Credit Analysis, Loss Mitigation, Reverse Mortgages, HELOC’s, Scratch & Dent. With an extensive knowledge of FNMA, FHLMC and GNMA guidelines, and Automated Systems; DU, LP, Clues, eMits and Asset wise that help identify risk issues and potential fraud.
Aerotek / Clayton / RPI / Bohan, January 2006 – Contracting
Position: Sr. Underwriting & Sr. Due Diligence Project Lead
Evaluating acceptability of loans for corporations that buy’s residential & commercial loans on the secondary markets, where existing mortgages are bought and sold by investors. Evaluate information to determine whether lending officers stayed within guidelines of lending authority and if loans are in compliance with banking& federal regulations.
Wells Fargo, July 2005 – Contracting
Position: Sr. Underwriting & Due Diligence Specialist
(Reviewed information on mortgage loan documents to determine if buyer, property and loan conditions met establishment and government standards)Reviewed examined and underwrote loans to ensure soundness, business value and compliance Well Fargo and investor standards. Evaluated data to ascertain loan viability and identify risk issues and potential fraud. Manual underwrote conventional loans, Alt A, Sub-Prime, Conforming, Non-Conforming, HELOC’s, Scratch & Dent, Commercial Loans, FHA/VA, Loss Mitigation
Sun Trust Bank, November 2005 – Contracting
Position: Commercial Due Diligence, Compliance & Collateral Review Specialist
(Collateral Review Of: Stocks, Bonds, Gold & Silver Coins, Yachts, Motor Cycles, Trucks, Primary & Investment Homes and Commercial Buildings)FNMA, FHLMC, GNMA, FHA/VA loan products, Acquisitions and Commercial loans.
Countrywide / Indymac Bank / Price Waterhouse & Coopers, March 2005 – Contracting
Position: Project Manager
Managed a Due Diligence underwriting team of 25 Underwriting specialist that performed Due Diligence & Underwriting on ALT-A, Prime & Sub-Prime Loans, Conforming, Non-Conforming, Scratch & Dent, FHA/VA. Performed quality control interface with lenders and third party investors on the status of portfolio being underwritten. Responsibilities included the complete documentation of all discrepancies relating to lender and investor guidelines and compliance regulations. In addition to managing the work flow, project scheduling and contractor traveling assignments.
Washington Mutual Financial, January 2003 – June 2004
Financial Center specializing in all aspects of Banking & Finance. Which includes; residential & commercial loans, personal & business loans and lines of credit, business relationship development and community reinvestment projects.
Financial Center Manager - Provide assistants to subordinates & supervisors in identifying and resolving problems. Inspired employees to ensure successful performance in all areas of their responsibilities
* Developed project and profit plans for the branch as well as prepared and analyzed financial & operational reports
* Directed activities to implement institutional polices, procedures and practices concerning granting and extending of credit, commercial loans, real estate loans and consumer credit loans.
* Increased funds under management by 33.4%, form 3-million to 4-million
* Increased productivity by 50%, by insuring training and support programs was being utilized to it’s fullest potential
Achievements: Quickly identifying the weaknesses of this financial institution and implementing sound business practices and in-depth training in sales, marketing & Federal Banking & Lending Regulation’s / Act’s (Reg’s. A, AA, B, BB, C, D, DD, E, J, K, O, P, V, X, Z – Act’s: BSA/AML, SAR’s, CTR’s, FACT, FHA, OFAC RESPA-Reg. X, TILA-Reg. Z, SOXA) I increased the productivity & sales from one of the worst banks in the region to a ranking within the top 10 in the region.
LFC Senior Loan Coordinator Lead - Reviewed all loan packages processed by Loan Processors to ensure its accuracy and compliance to industry standards, validating the package readiness to close. Reviewed information on mortgage loan documents to determine if the buyer, the property and loan conditions meet establishment and government standards. Evaluated information to determine whether lending officers stayed within guidelines of lending authority, if the loan was in compliance with banking regulations and if required documents were obtained, underwritten / processed / closed & audited files Analyzed applicants financial status, credit and property evaluation to determine feasibility of granting loans, Underwritten & Audited final files
Bank Of American, January 2002 – January 2003
Mortgage Banking industry focusing on Underwriting, Due-Diligence, Processing, Closing, Funding and Customer Satisfaction throughout the loan process.
Operations Manager & Project Trainer - Developed & Managed a specialized team of two Underwriters & five Due Diligence Specialist. Evaluated acceptability of loans to corporations that bought real estate loans on secondary mortgage markets, where existing mortgages were bought and sold by investors.
* Increased loans being sold to investors on the secondary markets by 97%, by;
* Decreasing the error rate by 90% and increasing the quality by 90%; and;
* Extensive training & cross training was conducted
Achievements: During the refi- boom Bank Of America had a 35,000 loan back log with new incoming loans daily. As the Operations Manager, I developed the work flow process & training of new contractors and employees in Underwriting, Due Diligence, Processing, Closing and Federal Banking & Lending Regulation’s / Act’s (Reg’s. A, AA, B, BB, C, D, DD, E, K, O, P, V, X, Z – Act’s: BSA/AML, FACT, FHA, OFAC RESPA-Reg. X, TILA-Reg. Z, SOXA) This lead to the decrease of the back log and positioned BOA to effectively deal with the new loans being received daily.
Loan Solutions Specialist Team Manager - Managed a team of ten Loan Solutions Specialist.
Evaluated information to determine whether lending officers stayed within guidelines of lending authority, if loan was in compliance with banking regulations and if required documents were obtained, underwritten & audited
* Managed a team of ten Loan Solutions Specialist
* Reviewed information on mortgage loan documents to determine if buyer, property and loan conditions met establishment and government standards.
* Recorded loan rejection, specifying investor, institutional guidelines and basis for declining application, such as insufficient cash reserves.
Closing Specialist Team Manager - Managed a team of ten Closing Specialist. Reviewed approved mortgage loans to determine if conditions were met prior to closing, such as purchase of private mortgage insurance.
* Prepared closing statement for purchase of property, using figures gathered in previous transactions and listing financial settlement between buyer and seller.
* Compiled figures to determine closing cost of final transaction, including loan, title, appraisal and other fees included in sale of property.
Education
New York University (NYU) – Bachelors Degree / Business Finance & Business Psychology
Ross University (RU) – Certificate Of Completion / Business & Information Software
Advanced Computer Technology Training (ACTT) – Certificate Of Completion / IT Systems Engineering
Specialized Education
American Express Financial Advisors – Financial Advisor & Investment Specialist Training Course
PGA Golf Academy – Certificate Of Completion & PGA Academy Member
Thanking you in advance for your time & consideration;
Bilal J Muhammad
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