Manager Real Estate
Resume:
jean tortoriello
** **** **** **** ( Old Bridge, NJ 08857 ( **********@*******.***
BANKING / FINANCIAL PROFESSIONAL
SUMMARY OF QUALIFICATIONS
. EXTREMELY HIGH PRODUCTIVITY. ABILITY TO COMPLETE CONSULTING AND LOAN
PROJECTS WITH ACCURACY AND TIMING, ENSURING DUE DILIGENCE FOR PRIVATE
INVESTORS.
. Maximize resources to meet deadlines and goals. Implement and coordinate
quality control projects related to conventional, FHA and full file
review and re-underwriting for FDIC and loan sales to private investors.
. Experienced in loan servicing, origination, modification and workout
resolution. Skilled in consulting, contracting, post closing loan audit
and performing necessary change through project management or other
methods.
. Adept and experienced in problem solving and providing solutions.
Excellent qualifications in interpersonal communications and leadership.
. Persuasive, with ability to communicate complicated concepts effectively
with culturally diverse audience, matching the message to the audience.
. Computer skills include: MS Office Suite, Outlook, Access, Doc Star,
Core Competencies
Financial Operations Accuracy Due Diligence
Consulting Loan Audit/Review Loan Sales
Credit Underwriting Loan Servicing Default Management
Asset Servicing Quality Control Organization/Structure
Professional Experience
CONTRACT RESEARCH ANALYST/MITIGATION SPECIALIST OCTOBER 2009 - PRESENT
jpm chase / allonhill Iselin, NJ
. Produced minimized exposure on rescissions of claims from MI companies,
using terms and conditions of governing master policy and/or authorized
guidelines.
. Reduced risk through reasonable and sustainable counter-positioning of
facts and strong positioning issues.
. Mitigated costs, negotiating strategies designed to create weaknesses in
MI's cases to refute claims or defenses. If in the pursuit of counter
parties, to recover any losses sustained.
. Recovered losses sustained, conducting forensic review and evaluation of
loan files,
commercial valuation / due dilligence underwriter July 2009- September
2009
clayton Tampa, FL
. Increased returns income using present market strategies in loan sales.
. Ensured loss prevention, assisting in evaluations of 5000 A&D and CRE
loan files for future asset sale.
. Reviewed loans files with balances of $1 million or more; Loans from
receiverships of bank failures from 2008 to 2009, land and commercial
real estate.
. Determined present values of land lots, raw land, commercial structures,
builder development and agricultural assets. Traveled for additional
projects for evaluation and due diligence.
contract mortgage underwriter April 2009 - July 2009
mortgage dynamics inc. Upper Marlboro, MD
. Contract Underwriter at National City Corporation (now a division of PNC)
in Miamisburg, OH for origination underwriting of conventional FNMA and
FHLMC loans.
. Utilized National City's TMO (The Mortgage Originator) origination system
to approve, deny, or suspend three to five new submissions a day.
. Assisted in loan coordination to clear conditions. Utilized Access to
retrieve data as well as utilized Excel for calculations and v-lookups as
well as management of market values.
. Ensured and confirmed values with reviewed appraisals to obtain proper
comparables. Utilized and reviewed the Corelogic for property
comparisons and alerts.
asset servicing professional August 2008- February 2009
federal deposit insurance corporation Overland Park, KS
Receivership Columbian Bank & Trust located in Overland Park, Kansas, asset
value of $750 million.
. Evaluated and determined loan workouts, modifications and forbearance
agreements in the area of Commercial Development Lending, Commercial &
Industrial, Residential & Commercial Loans and ORE.
. Prepared assignment of mortgages, leases and rents, and of UCC assets to
banks and investors.
. Created written recommendations for action required on asset
preservation, repudiation responses, loan workouts; as well as collection
activity for asset portfolios.
. Protected against fraud by reviewing commercial appraisals, sending
documentation to OIG for review and final findings. Attended Case Summary
writing classes provided by the FDIC on-site.
. Gathered and conducted loan interviews with bank management and
employees.
. Ensured quality control, reviewing default loans including any legal
proceedings in place.
. Evaluated existing commercial and consumer notes, securitization
agreements, letters of credit, revolving lines of credit, services and
participation loans.
. Negotiated loans with borrowers on unfunded commitments and discounted
payoffs.
Special Project:
. Deval LLC/CB Richard Ellis
. ORE Strike Team is bank owned real estate assets including Furniture,
Fixtures, etc. Assisted in preparation of the General Ledger transfer
from the failing bank Western Bank to Banco Popular; Asset inventory;
Lease review.
.
senior asset manager / resolution / loan mitigation October 2005- June
2007
franklin credit management corporation Jersey City, NJ
. Provided loss mitigation for non-performing loans, utilizing gain/loss
analysis, modifications, forbearance agreements and short sale requests.
. Calculated and evaluated the equity position and variances to proceed
with a legal process. Handled the Real Estate Owned assets and monitored
evictions.
. Assigned assets to outside vendors and agents in evaluations of asset
sale prices, contract negotiations and determined the fair market value
by utilizing comparable market listings and sales.
. Achieved optimal loan pricing by conducting reviews on Broker Priced
Opinions, utilizing the most recent full appraisals on file to determine
the decrease and variance in the values of collateral on secured loans.
asset servicing / reo manager January 2002 - October 2005
security national servicing Somerset, NJ
. Assisted in loss reduction by collecting information, analyzing applicant
qualifications.
. Maximized recovery and minimized costs, performing financial analysis on
residential and commercial loan portfolios.
. Resolved delinquent mortgage loans, advising borrowers of plans of
action, reviewing and negotiating asset liquidation with borrowers and
utilizing possible short sale/discounted payoff techniques.
. Ensured consideration of all aspects of loss mitigation options before
initiating the foreclosure process.
. Constructed loan modifications agreements that met investor/insurer
guidelines and approved settlement packages for pre-foreclosure short
sales and prepared profit and loss (Equity Analysis Forms/Net Present
Value) for Real Estate Owned comparison to determine economic loss.
. Identified and referred fraudulent and or suspicious accounts to the
Quality Assurance Department for review.
. Monitored the approved repayment/forbearance plans, demonstrating
complete understanding of mortgage servicing operations with more than
five years of default experience.
. Calculated foreclosure sale bidding instructions in accordance with HLS
internal guidelines or investor and/or insurer guidelines for all bids
outside of the foreclosure vendor's approval scope.
. Provided final approval for all exception bidding instructions and
ensured there was clear, marketable title and payment of taxes per
internal guidelines on all acquired properties.
assistant branch manager June 1997 - December 2001
citifinancial North Brunswick, NJ
. Achieved and attained the highest loan and credit insurance sales in the
district.
. Produced an increase in branch receivables to $7 Million, organizing the
new branch opening and recruiting staff.
. Ensured balanced expensed, establishing branch profitability goals and
managing branch income, expenses and overall credit policy. Motivated and
trained the branch staff.
. Assisted Branch Manager in daily functions, enabling the branch to pass
internal and external banking audits.
. Provided exceptional skills in selling, funding and closing real estate
and personal loans.
. Performed daily collections activity for 30 to 120 days delinquent
accounts including reviewing and referring for legal action to the
District Manager.
loan underwriter June 1986 - June 1997
bank of america / Security pacific East Brunswick, NJ
. Pursued and achieved goals with personal loan underwriting.
. Verified status for credit approvals and sub-prime mortgage loans.
Education And Training
BACHELORS OF SCIENCE IN PROGRESS
Thomas Edison state college Trenton, NJ
Major in Accounting
associates of science
middlesex county college; With Honors; GPA 3.25/4.0 Edison, NJ
Emphasis in Accounting
Professional Development:
. Title Producer License #1073377, State of New Jersey
. Notary Public of NJ, Qualified in Middlesex County
. Certified Signing Agent/TEA Agent
. Financial Statement Analysis Certificate from New York Institute of
Finance -November 2010
. FHA: Certificate of Completion by Capstone Institute
references available upon request
Contact this candidate