Rita L. Brown
Largo, FL *****
Experienced mortgage professional with expertise in Frontline Underwriting, Fraud Audits, Quality Control Analysis, Due Diligence and Repurchase Analysis with rebuttals. Completion of a Private Investigations course further enhancing current investigative fraud skills. Sales experience and direct accounting experience in banking complement my professionalism in Mortgage Banking.
Financial Loan Audits
Fraud Detection Analysis
RL Brown Mortgage Services, Largo, FL:
November 2013 - Present
Sr. Mortgage Underwriter/Fraud Investigator/Auditor – Contractual remote or onsite reviews performed analyzing credit worthiness and minimize lender risks of FNMA/FHLMC and/or portfolio products for both conventional conforming and jumbo loans as well as those products requiring mortgage insurance. Strong analytical skills and expertise in manual underwriting as well as automated reviews (DU/LP and proprietary systems). Exceptional fraud detection skills; extensive credit analysis experience and prudent judgment utilized to disposition all loans utilizing an agency or a proprietary automated systems in all channels; advising of the best counter offer if available when a borrower has been placed into an inappropriate product; file audits as required; repurchase analysis as needed, interpreting guidelines for MI, FNMA/FHLMC and/or private investor guidelines as required; mentoring other underwriters as needed. Current on ATR/QM requirements of Dodd-Frank law. Underwriter/Auditor at an onsite lender shop through Clayton Services, frontline underwriter of jumbo loans; resolving and rebutting secondary exceptions in secondary loan sales. And, executing collateral audits for Mission Capital Advisors.
Interbank Mortgage Company, Lincolnshire, III.
February 2013 – October 2013
Quality Control Analyst/Risk – Responsibilities inclusive of performing remote Pre-funding analysis (PFQC), post-close reviews and fraud audits of conventional conforming and jumbo loans. Analyzing and identifying liabilities which impact salability of the loan. Further, reporting deficiencies through automated systems ( eClas, TenA). Extensive underwriting experience in income analysis including self-employment analysis of corporate returns, partnership returns or 1040-Schedule C tax returns as well as wage earners enables a thorough analysis for conformity to investor and/or client guidelines. Extensive experience in collateral analysis inclusive of single family residential, condominiums, attached and/or detached, conventional conforming and non-conforming (jumbo) allows for an accurate review of the property to ensure conformity and supported value. Advanced asset analysis and experience with risk layering and evaluation aid in determining compensating factors supporting creditworthiness to justify the channels, retail, wholesale and correspondent; fraud audits as required; repurchase analysis if requested; interpreting guidelines for MI, FNMA/FHLMC and/or private investor guidelines when necessary; mentoring underwriters as needed.
Allonhill, Denver, CO:
August 2012 – December 2012
Mortgage Underwriting Analyst – Performing Pre-funding (PFQC) and post-close analysis utilizing all underwriting skills and expertise in review of conforming and non-conforming loans either manually underwritten or with automated systems (DU/LP, proprietary systems). Income analysis includes self-employment of Corporate, and Partnerships tax returns as well as Wage Earners for a thorough analysis for conformity to investor and/or client guidelines. Extensive experience analyzing collateral with property types inclusive of single family residential, condominiums, attached and/or detached for conforming or non-conforming (jumbo) enables a thorough review of the collateral to ensure conformity to investor and/or client guidelines and supported value. Advanced asset analysis and experience with layering risk and evaluation aid with determining compensating factors supporting creditworthiness when necessary.
TD Bank, Lewiston, ME:
December 2011 – July 2012
Assistant Vice President/Underwriter – Responsibilities are performed remote, manual analysis and approval of loans for credit worthiness and mitigating risks for the bank of applications FNMA/FHLMC and portfolio products, both conventional conforming and jumbo loans as much as $1,8MM, as well as FNMA products with mortgage insurance while utilizing exceptional fraud detection methods, extensive credit analysis skills and prudent judgment to disposition all loans utilizing an agency or a proprietary system; determining the best counter offer if available when a borrower has selected an inappropriate product; file audits as required; interpreting portfolio, MI and/or FNMA/FHLMC guidelines as required; mentoring other underwriters as needed.
DyTac, LLC, Moncks Corner, SC:
March 2009 – October 2010
Vice President/Administrative Bookkeeper – Responsible for maintaining bank records, payroll deposits, receipts, vendor payments, invoice preparation, estimating contracts and/or upcoming travel expenses, preparing funding adjustments requests, maintaining spreadsheets for all expenses to business, accounting for hours utilized by the company for reporting purposes and reporting work performed within the current, executed contract between DyTac, SAIC, The Department of Defense and all other valid contracts. This is a family owned business that was worked while trying to resettle after relocation.
Genworth Financial Mortgage Insurance, Raleigh, NC:
February 2008 – March 2009
Sr. Underwriter/Fraud Investigator - Responsibilities are inclusive of performing forensic audits of failed loans for compliance to Genworth and/or agency (FNMA/FHLMC) guidelines. Detailed audits performed to determine potential misrepresentation within the origination documents to deter company losses; initiating successful responses to appeals as necessary saving the company millions of dollars in misrepresented insurance claims; training new Misrepresentative Specialists and Compliance Specialists on an as need basis.
RL Hancock Mortgage Services, Raleigh, NC:
September 2004 – February 2008
Contractual Sr. Underwriter/Auditor - Services offered are contractual frontline underwriting, repurchase examinations, due diligence and quality control reviews. All processes require utilization of prudent interpretation of criteria as set forth by purchasing agencies (FNMA/FHLMC) and/or private investors and are performed either manual or automated (LP/DU or proprietary systems). Projects completed with lenders such as Wells Fargo, Wachovia through wholesale, correspondent or retail channels as required by the client. Many frontline underwriting positions were secure though my relationship with the mortgage insurance companies with whom I worked and represented onsite, such as MGIC, Genworth and United Guarantee. Responsible for conducting contractual audits of sample loan pools for determination of origination error rates for loans purchased and/or insured by Genworth Financial Mortgage Insurance between July, 2007 through February, 2008, until accepting a staff position with Genworth Mortgage Insurance.
2011 Southeastern Institute, Medical Billing and Coding, Diploma
2006 Penn Foster, Private Investigations, Diploma
1984 Mortgage Bankers Association, Residential Underwriting Certification
1978 American School of Illinois, High School Diploma
2000-2004 NC Real Estate Broker #187113
1988-1990 Florida Mortgage Broker #HA251920101