C Nd
Resume:
Margurette L . A rds
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A d ependable a nd d etailed o riented S enior C loser/Funder w ith 1 5+ y ears o f e xperience i n t he m ortgage industry ( working t hrough c hanges i n R ESPA, C FPB, e tc) e xhibiting s trong a nalytical s kills, a nd p roven talents i n m ultitasking, m eeting d eadlines, t aking i nitiative, a nd p roblem s olving. Technologies:
MS O ffice S uite
Lotus N otes 1 -2-3
Quantum
TMO
LSAMS
Blitzdocs
FileNet
CoreLogic
FHA C onnection
AUS P ortal E nvironments
Work N umber
Fraudguard
Federal F lood
LandSafe
NMLS
LDP/GSA
Interthinx
DocPrep
Oracle
Empower
REOTrans
FORTRAC
MAX
Encompass
IDS
DataTrac
TRID R eady
Professional E xperience:
Industries: F inancial S ervices, M ortgage: O riginations, W holesale, R etail, a nd D irect Polunsky B eitel G reen T itle-- F ull C loser/Doc D rawer 04/2017 1 0/2017 Pacific U nion F inancial T itle-- S enior C loser/Funder 1 0/ 2 016 3 /2017 CMG F inancial, L LC T itle – S enior C loser/Funder 11/2015 – 9 /2016 Nationstar M ortgage T itle – S enior C loser/ F unding R esolution S pecialist 8 /2011 – 1 1/2015 Bank o f A merica T itle – S enior C loser/Funder 6 /2010 – 7 /2011 Countrywide H ome L oans T itle – R eo V A A sset M anager 7 / 2 008 – 1 0/2009 Fieldstone M ortgage T itle – C loser/Funder 1 0/2003 – 8 /2007
A reas o f E xpertise: C losing, F unding, W ire B alance, A ccounts P ayable, C lient/Employee T raining, F HA/VA, C onv, CFPB, R ESPA M DIA, T ILA, H UD M odification a nd S etup, Q M, P ost F unding R esolution, S ervicing & P ost C losing Closer/Funder R esponsibilities:
● Close b oth W holesale, R etail, D irect, P urchase a nd R efinance F HA, V A, U SDA, T exas ( A)(6), J UMBO, Construction t o P erm a nd C onventional l oans a cross a ll 5 0 s tates, i n a ccordance w ith a ll S tate, F ederal, and I nvestor g uidelines
● Performs a ccurate a nd c omplete i nput i nto l oan o rigination s ystem i n p reparation o f d rawing c losing documents
● Review m andatory r egulatory r equirements o n a p er f ile b asis t o e nsure p roper d ocuments a nd t iming o f those d ocuments a re r eceived a nd n oted.
● Prepare t he C D t o b e s ent t o b orrower w ithin 3 d ays o r b efore s cheduled c losing.
● Communicates w ith L oan O fficer/Processor a nd e scrow a gent w hen d ocuments a re d rawn a nd f orward t o Title C ompany o r E scrow v ia d elivery m ethod i ndicated b y d ocument r equest
● Reviewed C D S ettlement S tatement f or a ccuracy a nd s ent t itle r evisions, i ssued H UD a pproval, a nd balanced C D t o e nsure p roper f unding w ire t o T itle
● Follows s tacking o rder a s c onditions a re s igned o ff a nd n ew i nformation i s r eceived. P erformed q uality check o n a ll f iles r eceived f rom P rocessing p rior t o C losing
● Ensured a ll p rior t o f unding c onditions i ssued b y u nderwriters a re s atisfied M.L. A rds ( P2)
Closer/Funder R esponsibilities C ontinued:
● Issued f unding a uthorization t o t itle
● Trained n ew e mployees
● Verified r ecording, h old/releases b roker c hecks, a nd t ransmitted f unding f igures
● Audited f iles f or a ccuracy a nd c ompliance t o l ocal, s tate a nd f ederal r equirements.
● Reviewed a ll P ost C losing/Funding i tems f or w ire r econciliation, e scrow p ayments a nd s ervicing s etup
● Produced l oan d ocuments u sing t he i nternal c ompany p rocessing s ystem ( EDGE L PS & S TATUSMART)
● Prepared E scrow H oldback & S ubordinations A greements
● Prepared S ubPrime L oans 1 a nd 5 y ear A RM l oans a nd 1 s t a nd 2 n d L oans, C onstructions t o P erm L oans, purchases a nd r efinance f or d ifferent p rograms s uch a s W all S treet, M ain S treet, H igh S treet, O wner 2 n d purchases L oans, H ud P roperties.
● Closed u p t o 1 20 l oans p er m onth w ith l oan a mounts r anging f rom $ 50k t o j umbo l oans a t $ 950k.
● Produced l oan d ocuments u sing t he i nternal c ompany p rocessing s ystem ( TMO E mpower). Reo V A A sset M anager D uties:
● Managed a p ortfolio o ver 3 50 p roperties a m onth a cquired t hrough V eterans A ffairs f oreclosure.
● Reimbursed a gents f or a ny i nvoices t hat t hey p aid o ut o n
● Managed r eal e state o wned a ssets, r eviewed a ppraisals a nd b roker p rice o pinion t o e stablish m arket values.
● Executed m arketing s trategies t o m inimize l oss f or t he c ompany.
● Negotiated s ale c ontract a nd t erms.
● Managed a gents a nd v endors t o e nsure c ompany’s b est i nterest.
● Assisted i n o rdering a ppraisals, a pprove r epair b ids, m anaged d aily t ask r eports Education:
Eastern O klahoma S tate C ollege, W ilburton O K
● Area o f S tudy - Business A dministration
University o f C entral O klahoma, E dmond O K
● Area o f S tudy - C riminal J ustice
References A vailable U pon R equest
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