Quality Control Real Estate

July *, ****

To Whom It May Concern:

I have an interest in a due diligence/mortgage banking position within your

company and/or for a client of your company. Previous underwriting,

foreclosure default/non-performing analysis, auditing, and

consulting/contract experience includes having worked on projects with GE

Money, IndyMac, Ameriquest, Bank of America, Countrywide, Merrill Lynch,

Bank One and Wells Fargo. In connection with previous projects, locations

include Boston, New Jersey, North Carolina, Dallas, San Francisco, Phoenix,

Detroit and Los Angeles. Most notably, consulting assignments were with

Hanover Capital, Ernst & Young, The Bohan Group (San Francisco) and the

Clayton Group. Precedent to these assignments as an independent

consultant, I worked for Synergy Consultancy Group as an auditor. These

projects involved the underwriting, reconciliation, and auditing of

mortgage-backed securities and investor reporting. More specifically, my

background includes mortgage operations and due diligence knowledge of

federal underwriting standards (prime and subprime) for FHA/VA, FNMA, GNMA,

FHLMC and CMBS (commercial) loans. In addition, I previously worked as an

MI Certified Underwriter with MGIC and Triad.

I believe my accomplishments, which currently include passively overseeing

the operation multi-family units I own, as evidenced by my resume make me

well suited for a position of this type. In particular, my business and

legal experience has added an extra dimension in my communication with

others. This dimension is an asset that is of great assistance when

employed in a position that is results orientated and requires a lot of

interaction with others in problem solving situations.

I would like to meet to discuss our mutual objectives and how my background

may suit your needs in regard to employment. Your consideration will be

appreciated.

Sincerely,

D. Sidney Potter

DSP/je

Enclosures

D. Sidney Potter

P.O. Box 287

Pasadena, CA 91102

818-***-**** voice

818-***-**** facsimile

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

EXPERIENCE: Bank One / Wells Fargo / Countrywide / Prudential

Mortgage /

Aames Home Loan / GE Money / Washington Mutual (summary client list)

Los Angeles, California

November 1996 - Present

Underwriter/Auditor/Team Leader

.Underwriting residential and investment loans in the wholesale

center

.HAMP (Home Affordability Modification Program) Underwriter

.Q.C. underwriting standards for FNMA, FHLMC (prime/subprime)

.Analyst for the repurchase of loans from Investors and banks

alike

.Investor reporting and compliance underwriting of outstanding

debts

.Perform scratch & dent, payment default, pre-foreclosure

analysis

.Documentation and present internal audit findings for CMBS

issues

.Verify/calculate income and expense appraisal ratios for

underwriting

.Initialize and format plan to

update the TREMS system

.Section 32, RESPA, FDIC and predatory lending audit of

portfolios

.Pricing, rate loan locks and issuing loan counter offers and

denials

.Commercial loan audit of leases and property management

documents

.Train bank personnel on banking system applications

Synergy Consultancy Group

Los Angeles, California

November 1991 - November 1996

Auditor/Consultant

.Corporate Trust audit compliance for major national bank

.Reserve requirement calculations and verify balances for

underwriting

.Investor reporting of trail balances and general ledger

.Draft, edit and proof synoptic reports and ticklers for system

input

.Train consultants and engage quality control procedures

.Facilitate incoming and outgoing reports and

correspondence .Coordination of day-to-day

operations for conversion project

.Draft and update operation action objectives

EDUCATION: University of Phoenix

MBA - Technology Management/Real Estate - 2001

California State Polytechnic University - Pomona

BA - Political Science - 1989

SKILLS: . Alltel/CPI/LoanWorks . Case Management System

. Westlaw/Nexis-Lexis . Desktop Underwriting (DU/LP)

. CALYX . Microsoft Word/Excel

. Fiserv/Concordance . LPS/LIS/Optis

VARIOUS BANKING & BROKERAGE EXPERIENCE

____________________________________________________________________________

_________

LOAN UNDERWRITING (PRIME/SUBPRIME)

Front-end underwriting of conventional to subprime loans (B/C/D

paper). System use includes LoanWorks/Genesis/DU and LP. Also performed

loan review analysis. This process consisted of quality control post

funding of loans. Specifically, this involved reviewing appraisal reports,

insurance policies, tri-merged reports, Jumbo loan applications and loan

officer correspondence. The latter information was then documented to

ascertain the validity of the loan process. Experience also includes a

working knowledge of federal underwriting standards for FNMA, GNMA, FHLMC,

FHA/VA and CMBS loans.

INVESTMENT PORTFOLIO RESTRICTIONS

Engaged in creating a client data-base, in Microsoft Excel for

Windows, that specifies general and specific investment restrictions. This

process required reviewing institutional and client memorandum,

correspondence and agreements/guidelines. An understanding of asset

allocation objectives in ERISA run accounts and interpreting those terms

was required in order to successfully complete the review. "Most Favored

Nation" status in regard to client fees was also identified and codified.

PORTFOLIO LOAN DUE DILIGENCE, FDIC AND HUD REVIEWS

Engaged in the systematic review of loan portfolios to ensure

client was complaint with state regulatory and/or internal guidelines.

Review/compliance checks would also focus on Section 32, RESPA and

predatory lending practices of subject banks. Conducted Multi-Family

Housing reviews of bond financings. These reviews consisted of

documentation checklists of HUD Single Family Loan Programs, Planned Unit

Developments and Condominiums for the purpose of noting due diligence

requirements of lenders providing HUD-insured mortgage financing. In

addition, other related duties included the review of expense reports,

invoices and accounting reports to verify accuracy and for the purpose of

performing loan recalculation analyses on housing offerings. The latter

HUD subsidized experience, including Section 8, required knowledge of

housing issues. Re-underwrite loans in default to assess re-purchase.

MORTGAGE BACKED SECURITIES/CMBS - INVESTOR REPORTING

Conducted "Annual Reviews" and "Investment Discretion Reviews" of

Bond financings in Mortgage Backed Securities division of a major national

bank. Many financings were REMIC and REO backed. Also conducted Due

Diligence audits and established procedures for sub-macro audits of CMBS

issues. This procedure consisted of examining Mortgage Custody Work

Orders, Annual Certification, Installment Contracts, Deeds of Trust.

Various aspects of the latter documents were verified for legibility,

authenticity of signatures and maturity and origination dates. Investor

reporting involved line by line balancing of loan payment schedules and

future debt service postings.

RESOLUTION TRUST CORPORATION

Responsibilities included review of RTC bond financings. This review

process consisted of documenting the Flow of Funds, Due Diligence, Lien

Search papers, Appraisal reports and Loan reports, and the recordation of

Assessments. Other responsibilities included examining Closing

Certificates and verifying contents.

D. Sidney Potter

Client list includes: ABN AMRO, Bank of America, Merrill Lynch, Provident

Investment Council, Security Pacific Bank, First Interstate Bank, Arthur

Andersen, Countrywide Funding Corporation, Argent, Wells Fargo, Fidelity

Federal Bank, Washington Mutual, KB Homes and IndyMac.

Contact this candidate