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Quality Assurance Control

Location:
Alpharetta, GA, 30005
Posted:
March 30, 2011

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Resume:

MARIE MINUTILLO

***** ********** ****

ALPHARETTA, GA 30005

HOME PHONE: 770-***-****

EMAIL: **************@*****.***

PROFESSIONAL OBJECTIVE:

A position in a professional organization that enables me to utilize my proven skills and provides the

potential for increased responsibilities & growth, and to make use of systematic communication and

language skills in a financial or funding institution.

QUALIFICATIONS SUMMARY:

•Twenty years of mortgage experience ranging from Manual Underwriter for FNMA/FHLMC to

Compliance Administrator, Quality Assurance, and Auditor.

•Proven track record of accurately completing research, reporting information to management, and

marketing support activities written demanding time frames.

•Adopt all developing and maintaining administrative processes that reduce redundancy, improve

accuracy and efficiency, and achieve organizational objectives.

•Highly focused, and results-oriented in a supporting complex, deadline driven operations: able to

identify goals and priorities and resolve issues in initial stages.

•Knowledge of Microsoft Office Suite (Word, Excel, and Outlook) and Windows, typing speed of 50

wpm with complete accuracy. Expect knowledge of DU/LP, E-Magic, and Clues.

•Approachable with the demonstrated ability to train, coach and mentor.

•Ability to achieve to the schedule demands of a dynamic, business environment often requiring schedule

flexibility in a 7-days workweek.

•Integrity and the ability to handle sensitive information and maintain confidentially

•Demonstrated understanding of relationships created by diverse customer and employee groups.

•Proactively anticipates situations, develops proposals, and positive solutions.

•A group performer with good administration, education, instruction, and communication skills, which

are essential to endorse services or concepts.

•Sound knowledge of the secondary mortgage industry especially companies like FNMA/FHLMC.

•Maintain a sound knowledge of secondary market activity, practices, and business industry practices as

they impact underwriting quality and origination activity

PROFESSIONAL EXPERIENCE:

DISYS (Digital Intelligence System Corporation)/Bank of America 01/2011 – 03/2011

Underwriter Level II/Contractor Underwriter

Underwrite loans to conforming and non-conforming products according to FNMA/FHLMC and Bank of

America Guidelines. Position involved extension product knowledge and interaction with borrowers and

loan officers. Evaluates loan risk by verifying loan application information, verifying application

information against loan criteria guidelines and standards. Clarifies risk by requesting additional

information. Rejects loan by identifying and documenting deficiencies: reports finding to the loan officer.

Ranks risk by estimating degree of risk. Provide loan control information by collecting analyzing

summarizing data and trends. Accomplish organizational mission by completing related results as needed.

• Evaluated the subject property in additional to the financial strength and credit worthiness of the

borrower(s), per FNMA/FHLMC and Bank of America guidelines.

• Examined and recommended approval of customer applications for Residential Loans, A Paper, TX

Cash-Out and HELOC products using automated and manual underwriting.

• Signing authority to Conforming Loan Limits.

• Provide complete underwriting for FNMA/FHLMC. Adhere to all client/lender policies and

procedures, in additional to federal, state and/or municipal laws and regulations.

Crosby Corporation/Freddie Mac 08/2009 – 12/2010

Senior Quality Control Underwriter/Contract Underwriter

Provided contract-underwriting services for lenders of conforming and non-conforming products

according to FNMA/FHLMC, Perform quality control review to insure the loans meet Freddie Mac’s

Master Agreement.

• Review closed loans (Foreclosure, NPL, EPT and Performing Loans), for deficiencies and

eligibility with respects to Freddie Mac’s Seller’s Master Agreements; Fannie Mae/Freddie Mac’s

selling Guide, LP, DU, and Investors AUS Systems.

• Perform risk analysis and make decision regarding deficiencies identified during the review

process, which consist of credit/capacity documentation, closing documentation, (HUD’s, Title

Reports) and post closing documentation. .

• Identify transaction components that indicate a potential for fraud and perform sufficient

investigative work.

• Accurately record conclusions in Freddie Mac’s system (Quantum).

• Professionally communicate the results of file review in written format (Repurchase letter), if the

loan did not meet the Seller’s Master Agreement or Freddie Mac’s guidelines.

• Accept a Contract Exception (CE) if additional documentation was obtained to cure a deficiency.

• Record an acceptable loan when the loan meets all requirements.

• Maintain a sound knowledge of historical and current guidelines.

.

AppleOne Employment Services/RR Donnelly 04/2009 - 06/2009

Forensic Underwriter/Contract Underwriter

Provided contract forensic underwriting services of conforming products for FNMA.

• Review closed loans.

•Perform risk analysis and make decision regarding deficiencies identified during the review

process.

•Identify transaction components that indicate a potential for fraud and perform sufficient investigative

work to resolve issues that are identified.

•Accurately record data and review conclusions in Quality Assurance System.

•Professionally communicate the results of file reviews in written format to FNMA

Pro Unlimited Contracting Services/AIG/United Guaranty 11/2007 – 03/2009

Quality Assurance Auditor/Quality Assurance Specialist/Contract Underwriter

Provided contract-underwriting services for lenders of conforming and non-conforming products

according to FNMA/FHLMC, and investor’s guidelines. Audit Bulk Loans and Payment Histories from

Individual Investors for purchase to insure they meet AIG/United Guaranty’s Policy Commitment.

•Strong knowledge of FNMA/FHLMC policies, procedures, and guidelines.

•Evaluated the subject property in addition to the financial strength and credit worthiness of the

borrower(s), per FNMA/FHLMC guidelines.

•Underwrote Residential loans (1-4Families), A Paper, TX Cash-out, and HELOC products using

automated and manual underwriting. Signing authority of $500,000.

•Served as advisor and answered general underwriting questions for loan processors, and originators.

•Daily interaction with correspondents, brokers and loan officers.

•Review individual loan files, including the most complex, highest risk mortgage insurance and

compliance loans.

•Exercising objective judgment in interpreting and making knowledgeable assessments regarding the risk

associated with the loan and program decisions.

•Review operational policies and procedures, excising objective judgment in interpreting and making

knowledgeable assessments regarding the associated risk.

•Analyze findings and make recommendations to the Director – Quality Assurance via comprehensive

report after a complete review is conducted.

•Communicate results of findings to appropriate DRG Field Management.

•Develop and build relationships with Field Management.

•Collaborate with the Field Training Specialists with respect to the most effective means of

implementation of recommendations.

•Adhere to DRG expectations of quality, service and productivity. In-dept review of mortgage loans in

default, foreclosure, or REO status with a focus on the quality and validity of underwriting at

origination with regard to buy-back/put-back possibilities.

AMERICAN HOME MORTGAGE 03/2004 – 08/03/2007

Home Gate Liaison

Oversee the Appraisal Dept. for the following regions: South, Inter-mountain and West Coast, insuring all

meet American Home Mortgage Servicing Level Agreement.

•Organize weekly conference calls with the branches to update all on new policies/procedures.

•Review appraisal, rebuttal, and track orders and help to determine if value is supported and if not, I

advised all of what is required.

•Monitor time frame on rebuttals with weekly reports, submitted to management.

•Travel to the branches for training especially the branches having issues with the appraisal process or

appraised values.

•Insured loan closes with the correct appraisal documentation and value.

Staff Underwriter

Underwrite loans to conforming and non-conforming products according to FNMA/FHLMC and

investors guidelines. Position involved extensive product knowledge and interaction with borrowers,

mortgage brokers. Evaluates loan risk by verifying loan application information, verifying application

information against loan criteria guidelines and standards. Clarifies risk by requesting additional

information. Rejects loans by identifying and documenting deficiencies; report findings to the loan

officer. Ranks risk by estimating degree of risk; noting any additional. Provides loan control information

by collecting, analyzing, and summarizing data and trends. Accomplishes organization mission by

completing related results as needed.

•Evaluated the subject property in addition to the financial strength and credit worthiness of the

borrower(s), per FNMA/FHLMC guidelines.

•Examined, and recommended approval of customer applications for jumbo loans. Underwrote

Residential loans, A Paper, TX Cash-out and HELOC products using automated and manual

underwriting.

•Signing authority to $1,000,000.

•Served as advisor and answered general underwriting questions for loan processors, and originators.

•Daily interaction with correspondents, brokers and loan officers, including handling scenario questions,

loan status, loan alternatives, product knowledge and approval notifications.

•Approved mortgage loans for over 50 correspondents during the peak mortgage period and helping over

1000 families get into new homes or refinance their present mortgage to reduce their mortgage

payment.

•Ensure Secondary Market and Investor salability.

•Provide complete underwriting for FNMA/FHLMC. Adhere to all client/lender policies and procedures,

in additional to federal, state and/or municipal laws and regulations.

NORTHPORT MORTGAGE 11/2003 – 03/2004

Staff Underwriter

Provided contract-underwriting services for lenders (manual and automatic underwriting) of conforming

and non-conforming products according to FNMA/FHLMC, and investor’s guidelines.

BETHPAGE FEDERAL CREDIT UNION 8/2003 – 10/2003

Contract Underwriter

Provided contract-underwriting services for lenders (manual and automatic underwriting) of conforming

and non-conforming products according to FNMA/FHLMC, and investor’s guidelines.

JP MORGAN CHASE 01/1998 – 08/2003

Contract Underwriter

Provided contract-underwriting services for lenders (manual and automatic underwriting) of conforming

and non-conforming products according to FNMA/FHLMC, and investor’s guidelines. Traveled to

various mortgage lenders in the region and quickly adapted to the underwriting, mortgage software, and

procedures used at each location.

EDUCATIONAL BACKGROUND.

JOHN ADAMS HIGH SCHOOL

Ozone Park, NY Commercial Diploma 06/1974

REFERENCE:

Toni Tennelle-McKnight – FHLMC – Quality Control Underwriter Team Lead - #770-***-****

Sonya Malloy – Crosby Corp – Vice President - # 301-***-****

Scott Kelly – UG - Director – Quality Assurance Director - #678-***-****

Diane Lautenschiager - UG - Quality Assurance Specialist - # 678-***-****

Keith Johnson – DISYS - Senior Recruiter #214-***-****

Denise Gero – ABC - Regional Ops Manager – Colorado Branch - # 720-***-****

Denise Bond – GE/Genworth Senior Account Manager - # 516-***-****

Colleen Devine – ABC VP Chief Wholesale Credit Manager - # 631-***-****

Joy Cadiz – ABC VP National Wholesale Operations - # 631-***-****



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