**** ******* ***** *********, ** *****

Phone #: 301-***-****

E-mail: abhflx@r.postjobfree.com

JOSEPH NOMEN

Objective: Seeking a challenging and rewarding Compliance/Risk Management

position in an organization that will provide me

opportunities to grow professionally while allowing me to use

my skills, talents, and extensive mortgage underwriting

specific to the process of compliance in Wholesale Broker

and Corresponding Lending including data analysis.

Core Competence dealing with:

> Extensive knowledge Consumer Protection Rules

> Experience in contracts and financial advisory

> In charge of all regulatory policies and

procedures used for audit, investigate in the

Mortgage Industry for mortgage origination and

credit reporting.

> Responsible for and training others on consumer

financial protection related laws and

regulations, such as the Truth in Lending Act,

the Real Estate Settlement Procedures Act, the

Equal Credit Opportunity Act, or laws that

prohibit unfair or deceptive practices;

Responsible for and overseeing compliance by

applying legal, regulatory and policy

requirements for the organization, such as:

(ECOA)(FACTA)(FCRA)(FTCIA);Gramm-Leach Bailey

Act of 1973 under regulation P and H; (HELCPA

of 1988);HMDA;HOEPA; HPA and Right to Financial

Privacy Act

> Community Reinvestment Act of 1977

> Good analytical and statistical skills

> Exceptional communication and interpersonal

skills

> Proficiency in all mortgage Software used by

Banks &Lenders, such as: Encompass, Genesis,

Calyx, DU, LP, Smart Draw, PowerPoint, and

Excel

> Good leadership and supervisory skills

> Highly motivated and dedicated to work

> A well defined knowledge of GAAP,FAS, FIN and

SOX standards

Senior Examiner Mar. 2009- Present

Christensen Financial Inc

DBA First Community Mortgage Trust

Identify control problems/weaknesses to minimize institutional losses in

the areas of production, underwriting, quality control, servicing and

investor reporting. Prepare audit reports for distribution to senior

management and customers. Review processes and compare to standards;

offer analysis/strategic planning and partner with others to improve

results.

. Received Award for excellence in working with one of

Fannie Mae's top 20 customers.

. Recognize data deficiencies and work to obtain missing

information.

. Assist customers and internal departments in resolving

outstanding operational risk issues.

. Risk analysis; Review the contributory risk factors

that apply to the mortgage loan under review to

determine how they affect the primary risk assessment.

Documentation of result based on comprehensive risk

assessment (which includes preparing a statement to

indicate the reasons for loans to be delivered to

Fannie Mae).

. Due Diligence Review: Responsible for the final

comprehensive risk assessment: i.e. evaluation of all

mortgage loan default risk, assessment of the adequacy

of the property as security for mortgage, determination

of whether the loan satisfies the eligibility criteria,

and evaluation of the acceptability of the

documentation for Fraud

. Responsible and review of problem resolution. Quality

Control and issue of remediation, to ensure that loans

are underwriting accurately and in a timely manner

while remaining in compliance.

. Fraud review: Identify and resolve issues within

compliance areas, with an eye toward expanding role to

encompass other lending regulations. Ensuring the

integrity and accuracy of the banks HMDA data and loan

document review

. Quality control: Monitor each transaction to ensure

compliance with internal credit policy standards,

regulatory compliance, and Fair Lending Act

regulations. Exercise due diligence with each customer,

remaining alert for instances of fraud, or other risk

factors, which could negatively impact the results of

each financing deal prior to approval.

. In charge of all regulatory policies and procedures

used for audit, investigate in the Mortgage Industry

for mortgage origination and credit reporting.

. Rebuttal process: Responsible for mortgage loan put-

back issue by analyzing loan files, and implementing a

repurchase demand process through independent analysis

of the loan in question and issuing a rebuttal if

necessary.

. Negotiations: Coordinates effectively with cross-

functional teams for the attainment of company goals

through negotiations

. In my entire twenty years career in the Mortgage

Industry, I have been called and educator and as

someone with a broad knowledge of the industry. I have

thought and train hundreds of loan officers who have

passed through me and I have covered in my training

federal legislation of mortgaging and any changes,

additions and new information that may be relevant to

the industry. Loan officers, processors, originators

have learn how the laws affect the mortgage lending

business and how they relate to their own

responsibilities. Penalties for noncompliance are

covered, plus restrictions and sources of the laws. The

Real Estate Settlement Procedures Act, the Truth-in-

Lending Act, the Patriot Act and the Todd-Frank

Financial Reform Act are covered, among other relevant

legislation. Approved continuing education courses for

individual mortgage loan originators and processors,

and 30-hour courses required to license

OPERATIONS MANAGER/SENIOR UNDERWRITER, July- Mar. 1995 until

2009

First Community Mortgage, Inc

Landover, MD 20785

Vice President of Operations/Senior Underwriter/Quality Control

I was responsible in creating the quality control and assurance package for

our company, taking into account all state and federal compliance and

regulatory policies and procedures used for auditing and investigation in

the Mortgage Industry for mortgage origination and credit reporting.

Responsible for and training others on consumer financial protection

related laws and regulations, such as the Truth in Lending Act, the Real

Estate Settlement Procedures Act, the Equal Credit Opportunity Act, or laws

that prohibit unfair or deceptive practices for FHA/and State Auditing

Examination

I was in charge for and overseeing compliance by applying legal, regulatory

and policy requirements for the organization' Fair Housing Act; Title VI of

the Civil Rights Act of 1964, Age Discrimination Act of 1975 and all

relevant executive orders prohibiting discrimination against classes of

person in all aspects of residential real estate transactions. As a

minority and working in a predominantly minority county, I have had the

opportunity with my position to make and approve available loans to all the

mentioned class of people without being in violation of the fair housing

act.

Underwrote loans and ensured compliance with company and secondary market

investor standards. Provided validation analysis on the investment

quality of loans purchased. Analyzed potential deals sourced by deal

originators. Conducted research on client capital needs and market

conditions to identify funding options Guided proposal preparation.

. Responsible for and training others on consumer financial protection

related laws and regulations, such as the Truth in Lending Act, the

Real Estate Settlement Procedures Act, the Equal Credit Opportunity

Act, or laws that prohibit unfair or deceptive practices;

.

Responsible for and overseeing compliance by applying legal,

regulatory and policy requirements for the organization

. I have provided and help teach many community groups; consumers on

their understanding and perspective on Personal Property Financing

during the course of years in the industry

We have held different work-shop, seminars, conventions on consumer

education in consumer laws, credit-issues, counseling and

understanding of mortgage financing and products at the DC convention

Center and have been called upon to lecture and teach consumers in

different churches and various neighborhood organizations

. EDUCATIONAL PROGRAM: Responsible for writing all educational programs

for the company. Wrote and taught on materials for training of

staff/loan originator. Published all required educational outreach

material on consumer product. Participated in writing material for

seniors on Reverse Mortgage product. Was part of a joint Fannie Mae

Pilot program for "My Community Programs for minority home ownership

on how to educate the community in Prince George's County on financial

products and goals of attainment by presenting products; credit report

issues, debts and how to manage other liabilities during the loan

process?

. Analyzed quality of loans from various financial institutions;

identified issues resulting in annual savings of $10 million in

potential loan losses.

. Utilized fraud investigation techniques to validate risk levels and

determine investment quality of loan portfolios.

. A solution oriented and operations professional with an established

track record of process innovation and efficiency improvement.

Knowledgeable of conventional, VA, FHA, FHLMC, FNMA, prime and sub-

prime markets Versed in credit risk scoring, with the knowledge of

federal regulatory requirements Broad background working with retail,

broker and wholesale operations Demonstrated ability to develop audit

plans, identify fraudulent activities, and analyze/resolve complex

auditing and accounting issues. Valuable experience in establishing

and reviewing internal controls, which include proactive risk

assessment of compliance areas and assessment of functional compliance

policies and procedures

. Evaluation of a real estate loan, in addition to assessing the

borrower, the property itself is scrutinized. Underwriting using the

debt service coverage ratio to figure out whether the property is

capable of redeeming its own value or not.

. Forensic underwriting after-the-fact process to determine what went

wrong with a mortgage. Underwriting, to determine borrower's ability

. The assessment of primary risk factors in a mortgage application such

as the LTV ratios, credit history and the minimum eligible credit

score.

. The assessment of contributory risk factors which are not of

sufficient weight but used as a combination with the primary risk

factor to either increase or decrease the overall risk of the

application

. As part of its risk analysis, automated underwriting or Desktop

underwriter recommends one of the three following documentation levels

for each eligible one-unit property processed through the system with

a complete property address.

. Oversaw all mortgage origination, service and sales on monthly volume

of more than $4 million and an existing loan portfolio of over $21

million, which included portfolio and brokered transactions, along

with secondary lines of credit developed all aspects of the division

from the ground up Supervised and supported a staff of four mortgage

professionals. Conducted portfolio escrow analysis

. COMPLIANCE LOAN REVEIWER: Performed loan level audits, and test

utilizing the clients underwriting management platform for Section 32

HOEPA, RESPA, TILA/Regulation Z, APR Re-Calculation, Payment Stream Re-

calculation, Right Of Rescission Validation, State/City/County Anti

Predatory Regulations, Finance Charge and APR Under/Over Disclosures,

State Required Disclosures

. I was directly responsible for the establishment of the company's

approval for title II FHA.II in 2007.I had the pleasure of working

with Ms. Joseph at the Department. As a natural born leader, my skills

and experience in the mortgage Industry for the last fifteen years

enabled me to invent, structure and wrote the quality control manual

for the company. Our sponsorship was through Flagstar Bank and I am

responsible for the maintenance of the FHA Connection/Mortgage review

Board implementations for the company and on behalf of FHA. My

responsibilities included the HUD1170: Application

Form/Handbook4060/Clarification of HUD Procedures for Title 2

Mortgagees/Implementation of Annual HUD Re-certification through the

LASS system to submit and correct deficiencies. Work with Mr. Robert

Holland at HUD review Audit Deficiencies. A. A response to Julie A.

Shaffer: Ivery Himes July 27 2009 letters to submit the corrected

flaws which were done by others. During the week of March, I had the

pleasure of working with Mr. Arthur Elder at the Home ownership center

for Quality Control review. See file no. 23057 HUD which was

considered outstanding from as per letter dated August 13 2009 by John

Van de Zilver who is the acting Director of Quality Assurance

Division.

PRODUCTION MANAGER, Jan 1993 - Jun1995

Community Lending Corporation

College Park, MD

> CRITICAL SKILLS: Auditing, Due Diligence Review, QC Review, Compliance

Review, Distressed Asset/Servicing, Rebuttal Review, Put

back/Repurchase Review, Fraud/Forensic Review,, Debt Service

Management, Arm Audits, Banking, Financial Service, Commercial Loan

Operations, Collateral Review, Arm, Libor, Apr, Credit Analysis, Data

Entry, Risk Assessment, Account Setup, Notes, Modification,

Compromises, Participations, Mezzanine.

> Highly responsible for the company's sales.

> Supervised loans and loan officers.

> Played a major role in processing, underwriting, post-closing and

closing departments.

> Acted as the supervisor on secondary marketing and sales/warehouse

line.

SENIOR LOAN PROCESSOR, Feb 1992 - Jan 1994

Pier III

Silver Spring, MD

. Efficiently managed loan processing commences by all loan officers

from its point of origination to closing.

. Competently processed government loans from receiving the loan

application to analyzing all pertinent documents.

. Handled credit report and any further explanations, asset

verification, bank statements, gift letter, income verification,

verbal VOE, paystubs, regulatory upfront disclosures, and HUD required

disclosures.

DOCUMENT CONTROL COORDINATOR June 1992

Franklin Group

Falls Church, VA

. Responsible for all shipped loans before and after underwriting from

investors and brokers.

SECURITY OFFICER from 1990 to 1992

Vance International

Oakton, VA

. Assumed part-time security officer position in various private and

government properties.

TRADE SPECIALIST from 1990 to 1992

Global Development Group

Washington, DC

. Handled general merchandise import and export services.

. Responsible for accomplishing accounting clerk general ledger.

CUSTOMER SERVICE SPECIALIST 1991

Entertainment Enterprises, Inc.

Vienna, VA

. Provided top-quality customer relations services to clients.

. Handled telemarketing tasks.

SALES ASSOCIATE July 1991

Best Products Co., Inc.

Rockville, MD

. Assisted in fine jewelry sales.

. Coordinated inventory control.

PROGRAM COORDINATOR from 1988 to 1990

University Health Care

Minneapolis, DC

. Supervised event programming with the elderly-reading, games, and

other outdoor activities.

Educational Qualification

J.S.M (candidate), Master of Judical Sciences of Law

International Taxation & Financial Services

Specialized (Discipline in Risk Management and Compliance)

Thomas Jefferson School of Law

Bachelor of Science in Legal

Studies

Kaplan University

2007 -2010

Liberal Arts Studies Major

University of Minnesota

1988-1990

Certificates

2006 Mortgage Banker Association School (FHA Certification)

2006 Underwriting: Processing Government Loans and Quality Control

Masters Certificate in Strategic Organizational Leadership Program at

the University of

Villanova

Human Resource Management Certificate

Accounting Finance for the Non-Financial Manager Certificate

Mortgage Brokers Association Certification

Certified Mortgage Consultant (CMC)

1994 Certification of Achievement in Mortgage Banking

1993 Institute of Mortgage Banking Certificate in the Fundamental of

Loan Processing

2003 Fannie Mae's Housing Finance Institute in Miami, FL Certificate

Quality Assurance and Fraud Prevention Certification

Comprehensive Risk Assessment Approach to Underwriting

Certificate of Completion awarded on April 23, 2004 in Las Vegas, NV

during the "Road Map to Successful Lending/Mortgage Backed Securities"

(MBA Pool)

LANGUAGE PROFICIENCY:

Fluent in both written and oral English

Fluent in both written and oral French

Contact this candidate