RAYMOND DOUGLAS

Phone 717-***-**** Lower Paxton, Pa 17109

EMAIL: ab0ggf@r.postjobfree.com

SUMMARY OF QUALIFICATIONS

Residential Mortgage Professional for twenty years with expertise in the

following areas:

Foreclosure Review, QC Underwriting (FHA/FNMA/FHLMC), Due Diligence

Underwriting, Quality Control Audits, Mortgage Fraud Detection,

Securitization Audits, Frontline Underwriting (FHLMC/FNMA, Desktop

Underwriter, Loan Prospector & Manual), Closing, Post Closing, Legal

Document Review, Final Document Control and Loan Processing.

.

EXPERIENCE

QA Senior Review Analyst @ SEG/Promontory

October 2011 - March 2013

A supervisory position on the project Quality Assurance team, specializing

in loan servicer compliance with federal, state and investor guidelines

regarding foreclosures as they relate to federal bankruptcy law and

military SCRA benefits protection. Also was responsible for the validation

of required foreclosure documentation filing procedures for each state as

referenced in the Fried Frank publication of foreclosure procedures and

requirements.

. Assisted Team Leader in supervising and implementing team policies in

a department of 20-23 analysts.

. Performed as a top level auditor of the team review analysts' findings

and determinations.

. Provided coaching, direction, correction and performance assessment as

needed to review analysts.

. Developed peer review training procedures and monitored the ongoing

training progress.

. Participated in UAT development & testing and other special

departmental projects as assigned.

Pre-Funding Underwriter @ GMAC

March 2011-July 2011

Reviewed conventional correspondent residential loans submitted for

funding. Determine if the client underwrote loans in accordance to lender

and investor guidelines. Determine if sound and acceptable underwriting

practices were used in the loan approval decision. Determine and

communicate to the client any additional underwriting conditions needed for

final funding approval.

Senior Underwriter-QC @ Freddie Mac - Mclean, VA

June 2009 - November 2010

Reviewed non-performing loan files, analyzed and reported on significant

loan quality factors, and initiating necessary action(s) to mitigate

losses.

. Reviewed closed loans for eligibility with respect to Freddie Mac's

Selling Guide and/or negotiated terms as defined by contracts with Freddie

Mac's lender partners.

. Performed risk analysis and made decisions regarding deficiencies

identified during the review process

. Identified transaction components that indicated a potential for fraud

and performed sufficient investigative work to resolve or escalate issues

that were identified

. Communicated the results of QA file reviews to initiate the loan

repurchase process in written format to the Seller/Servicer.

. Maintained knowledge of Freddie Mac's contract agreements, LP/DU

guidelines and risk assessment tools used to decision mortgage loans and a

understanding of traditional mortgage origination and underwriting

practices.

Insured all data and review conclusions were synchronized in Freddie Mac's

Quality Assurance System

Quality Control Underwriter/Auditor @ Indecomm Global Services/MDI. Upper

Marlboro, MD.

September 2004 thru June 2009

Team leader of six general staff underwriters.

Reviewed staff underwriter's findings of recently closed loans in regards

to compliance/procedures and misrepresentations of FNMA, FHLMC, FHA, VA,

Bond & Investor Portfolio loans.

Determine if auditor findings were valid and substantial according to

agency/investor guidelines and make the appropriate removal, corrections or

additions.

Provided coaching, training and implemented standardization of auditor

responses to various audit issues.

Continued on page two

Raymond Douglas Page 2 of 2

Additional Mortgage Contract Positions:

Frontline Residential Underwriter @ GMAC-2009, North American Mortgage-

1993, Oak Street Mortgage-2004

Frontline QC Pre-funding Underwriter @ Advanta National Bank/Advanta

Mortgage-2000~2001 - Analyzed staff underwriter approval conditions, loan

feasibility, review appraisal value support and provide final loan

approval.

Junior Commercial Due Diligence Underwriter @ Small Business Administration

/Metec/Alliance Corp-1999~2000

Foreign Investment Acquisition Underwriter @ Imperial Mortgage-1994

Frontline Mortgage Insurance Underwriter @ SONYMAE (State of NY Mortgage

Agency) 1994, PMI Co.-1998

FNMA / FHLMC Acquisition Due Diligence Underwriter @ Carteret Savings Bank-

1993, First Fidelity Bank-1995, RFC-1996, Chase Manhattan Mortgage-1996,

First Union Capital Markets-1999 & Merchants Bank-1999, C-BASS-2000

Frontline Appraisal Analyst @ Chase Manhattan Mortgage-2002

Operations Compliance Specialist @ Wells Fargo Home Mortgage-2003

Residential Loan Processor @ Natwest Mortgage Corporation-1995, Hovnanian

Mortgage-1995 &1996

Funding Analyst @ GMAC/RFC-2001, CitiMortgage-2003

Final Legal Document Control Supervisor @ CoreStates Mortgage Services

Corporation-1997~1998

HMDA Compliance Auditor @ Chase Manhattan Mortgage-1997

Residential Legal Doc Review @ Meridian Mortgage Corp-1994, CoreStates

Mortgage Services-1996 & various others.

Closer, Portfolio and Wholesale @ Natwest Mortgage Corporation-1995~1996

Post Closer, Multistate @ Natwest Mortgage Corporation-1996, CoreStates

Mortgage Services Corporation-1996

Senior Underwriter 1991 to1993

CAPITAL SAVINGS MORTGAGE CORP., North Brunswick, NJ

As a V/President with this company I had the opportunity to gain experience

in many facets of the industry.

Alternately processed and manually underwrote FNMA/FHLMC residential

mortgages.

Was responsible for developing and primary liaison to correspondent

lenders. Developed in-house computer databases.

Supervised loan origination telemarketing staff. Conducted technical

training of new Loan Originators.

Commercial mortgage loan opener.

EDUCATION

Bloomfield College, Bloomfield, NJ

1975 to 1978

Major: Accounting

American Institute of Banking

1974 to 1975

Certificates - Fraud Case Study Review - Fraud Fighter - FHA Appraisal

Reform

COMPUTER SKILLS

Programs: MortgageWare, Gallagher, FiTech, The Mortgage Originator(TMO),

Desktop Underwriter, Loan Prospector, MERS, Aacer, Proficient user of MS

Word, MS Excel and comparable software packages

PROFESSIONAL

Notary - Commonwealth of Pennsylvania

Letters of recommendation can be made available upon request.

Contact this candidate