Loss Mitigation Project

CLARENCE RUSSELL II

**** ***** **. *****: (***)

***-****

Little Elm, Texas 75068 Email:

*******.****.********@*****.***

OBJECTIVE

An outgoing personality which specializing in client servicing in the areas

of investment banking and the mortgage industry. Dedicated professional

looking to obtain a secure position using my education in

accounting/finance seeking Audit, /Analyst position and experience a

challenging environment where I can contribute and explore new ideas.

PROFFESSIONAL CAREER

Bank of America, Plano, Texas

Senior QC Analyst 10/2008 -

06/2011

. Perform quality and compliance audits and liquidations process for all

FHA, CONV loans and REM transactions to ensure compliance with

federal/state regulations.

. Reconcile financial transactions to ensure maximum recovery for BAC.

. Prepare monthly reports on monetary losses due to curtailments

. Identify and report areas of financial risk and exposure.

. Review exceptions in the bookloss tracking system and bookloss

population.

. Responsibilities include Loss Mitigation, Bankruptcy reporting

functions, operational measurement, and project management and

reporting to include monthly reports on monetary losses due to

curtailments

. Handle multiple projects at the same time and have exceptionally good

verbal and written communication skills; capable of interacting well

with all levels of management; posses experience analyzing and

explaining business results and variances.

. Also responsible for training new employees and getting them up-to-

date with our policies and procedures.

. Prepare daily file assigning within dept., and monthly Pre-HUD audits

reports.

JP Morgan Chase, Lewisville, Texas 07/2007

- 09/2008

Senior Loss Mitigation Specialist

. Review delinquent files, and contact customers to collect overdue

payments.

. Identify and attempt to resolve reasons for delinquency.

. Communicate basic loan restructuring possibilities to assist customers

in resolving delinquency and avoiding foreclosure.

. Negotiating Loss mitigation workouts with all involved parties

(borrowers, investors / insurers, brokers etc.) from initial request

to final close- out.

. Operating an automated online collections system.

JP Morgan Chase, Dallas, Texas

01/2001 - 06/2006

Senior Mutual Fund/Equity Specialist

. Reconciled mutual funds statement for various industry leading firms

in both domestic and international markets.

. Reconciled mutual funds, that were re-invest on the behalf of the

clients.

. Processed accounts transfers, dividends, redemptions, and account

switches.

. Prepared and maintained reports pertaining to daily general ledger,

cash projections, opening and closing balances, and account payable &

receivable.

ACADEMIC QUALIFICATIONS

Higher Education

08/1996 - 05/2000 Bachelors of Business Administrations

(Accounting)

Minor: Accounting

Jarvis Christian College, Hawkins, TX

CERTIFICATIONS & COMPUTER SKILLS

. Experience in Microsoft Excel, Microsoft Word, PowerPoint, MS project,

MS Visio.

. AS400, LPS, Audit Workflow, Focus, Loss Mitigation Systems- (Homebase,

LAMP, Homesaver, LM Profiler, Loss mitigation financials), DTC

Applications, Fidelity Bloomberg SWIFT, TITAN, Lotus Notes.

Contact this candidate