Management Real Estate

SARAH BURNS

**** ********* **.

Concord, CA *****

415-***-**** - Work

925-***-**** - Cell

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

US BANK, NATIONAL ASSOCIATION

Commercial Loan Administrator

November 2007 - Present

Responsible for handling a portfolio of Commercial Real Estate

construction and term loan documents, perfecting the bank's interest, and

analyzing and administering the construction draw disbursements from the

time the loan is approved until pay-off/ maturity. Loans include unsecured

borrowing base lines of credit, subscription lines, and various Community

Lending products. Ensure quality service and effective operations as well

as compliance with policy and procedures in all matters. Analyzing

financial statements and operating statements. Responsible for working

with special assets group to handle loans in bankruptcy and foreclosure.

Also responsible for management of administration of the general office,

booking travels, scheduling meetings and event planning.

WELLS FARGO BANK

Commercial Loan Administrator

Commercial Mortgage Servicing

June 2000 - November 2007

Responsible for reviewing, documenting and closing customer requests for

Commercial real estate loans in CMBS pools with loans ranging in size from

$1,000,000.00 to $500,000,000.00. Duties include: assumptions,

modifications, permitted and non permitted transfers of equity interest,

lease reviews, partial releases, condemnations, hazard losses, easements

and consents. Responsibility for coordination of escrow closings on

assumptions, payoffs and partial releases. Review of title, appraisals,

loan documents, leases and entity formation documents. Daily contact with

Borrowers, Rating Agencies, Escrow companies, third party investors and

internal and external legal counsel. Review of Pooling and Servicing

Agreements, prospectus documents, commercial loan documents and legal

documents is required. Responsible for third party and a bank originated

portfolio of commercial loans from origination through maturity.

PAN AMERICAN BANK, FSB, San Mateo, CA

Loss Mitigation Supervisor

March 1996 - June 2000

Responsible for the management of sub prime portfolio of $405,000,000.00 /

4,700 residential and commercial mortgage loans; this includes,

authorization of foreclosure, short payoffs, modifications, assumptions,

bankruptcy referrals and requests for subdivisions. Specific

responsibilities include the management of all REO properties, management

of collections and foreclosure of all B/C portfolio loans and supporting

secondary marketing. Bankruptcy management including filing Proofs of claim

and working with customers on bankruptcy plans. REO management includes;

selecting Realtors, negotiating commissions and sales agreements,

management of escrow closing process, obtaining estimates on cleanup and

repairs, inspecting properties and repairs, analyzing appraisals and

listing the property. Collections/Foreclosure management includes:

monitoring servicer to ensure prudent asset management. Secondary

Marketing includes; supervision and management of shipping and document

control departments, interaction with investors and preparation of funding

schedules. Responsibilities also include preparation of monthly reports

for Loan Committee, Internal Asset Review and the Board of Directors; this

includes classifying delinquent assets, reporting to executive management

on status of loan workouts and REO's and updating the committee on upcoming

foreclosure sales and future loss mitigation workouts. Responsible for the

direct supervision of 3 loan service/shipping employees.

SAN FRANCISCO FEDERAL SAVINGS, Pleasanton, CA

Residential REO & Default Coordinator

September 1993 - March 1996

Job duties include the management of 230 mortgage loans in bankruptcy and

foreclosure. Referring files to Attorneys to file a motion for relief,

tracking pre and post petition payments and providing borrowers with

payment plans to cure their arrearages. Negotiating short payoffs and loan

modifications with borrowers and Realtors to mitigate losses. Management

of REO properties owned by FNMA and FHLMC, filing claims for

reimbursement, maintaining the monthly payment and accounting of all REO

expenses. Selecting and following through with the broker assigned to the

REO property. Responsibilities also include the collection and foreclosure

of commercial and multi-family properties. Creating monthly reports and

reporting to upper management on status of Loss Mitigation, Bankruptcy,

Investor REO'S and Short Payoffs.

WELLS FARGO BANK, National City, CA

Bankruptcy Specialist

October 1991 - July 1993

Duties included the management of 200 + bankruptcy files, current and

delinquent, half of which were Junior Deeds of Trust. Tracking the First

Deed of Trust and the actions being taken, making decisions on foreclosure

action and reinstatement of Senior lien holders. Maintained accounting of

pre and post petition bankruptcy payments. Referred all delinquent loan

files to counsel for filing of motions for relief and follow up to ensure

that all appropriate steps were completed in compliance with established

timelines. Monthly delinquency reporting to upper management and

investors.

IMPERIAL FEDERAL SAVINGS, San Diego, CA

Bankruptcy Specialist

February 1989 - October 1991

Responsible for the management of 200 files in a bankruptcy status; this

included mortgage, consumer and unsecured Visa loan files. Other

responsibilities included; decision making, accounting of monthly

bankruptcy payments, filing proof of claims and motions for relief from

stay, default management and reporting to upper management on the status of

any problem loans.

References available upon request

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