Robert “Jay” Hare

Mortgage Professional

***** ****** ******* #***

Laguna Niguel, CA 92677

Cell Ph.: 949-***-**** Email: ac64ec@r.postjobfree.com

Objective:

Fulltime or part-time contract work in mortgage underwriting, compliance or forensic audits.

Summary of Qualifications

Over 15 years of extensive mortgage experience:

Mortgage Analyst - Compliance and mortgage repurchase rebuttals

Underwriting Team Manager

RESPA and HMDA Audits

Project Manager – Due Diligence and Compliance

Manager of Recruiting and Training – mortgage due diligence

Assistant Trade Manager (Contractor) – Capital Markets Group

Underwriting Consultant - Fannie-Mae Buy Back Forensic Audits

FHLB Boston – Collateral audits

Senior Frontline Underwriter

Skill Sets:

Fannie-Mae and Freddie-Mac Guidelines

Tax return analysis, company financials, and legal docs

Multi-Family and Commercial loan underwriting and analysis

Software skills – All MS Office Programs, MS Visual Studio, MS SQL Server, Access DB, DU, LP CLUES

Public speaker and trainer

Employment History:

Contract Underwriter/Auditor Structure Regulatory Group

January 2018 – March 2018 Tustin, CA

Short term Contract assignment working remote from home. Investigated claims for buyback demands from investors and wrote responses for the defense legal team.

Frontline Underwriter/Remote FBC Mortgage

January 2017 – April 2017 Orlando, FL

Performed frontline underwriting for purchase and refinance loans using Fannie-Mae and Freddie-Mac guidelines. Decisions made utilizing AUS systems such DU and LP as well manual underwriting. Experience with self -employed borrowers and investment properties where tax returns and 1040 schedules C and E required analysis and adjustments to income and expenses.

Contract Underwriter/Forensic Auditor Mission Capital

September 2016 – October 2016 Austin, TX

Worked remote from home auditing mortgages for the MCPS Project. Reviewed plaintiff’s allegations and wrote legal responses to rebut findings by interpreting guidelines, citing pertinent documents and justifying the original approval.

Contract Underwriter/Auditor Slate Professional Resources, Inc.

May 2015 – January 2016 Irvine, CA

Assignment with NewOak Capital in Irvine, CA. Performed audits on closed loans for legal defense team representing lenders (defendants) being sued by investors (plaintiffs) alleging they were sold mortgages that were improperly underwritten, and which contained deficiencies that caused defaults. Performed affirmative reviews to re-underwrite mortgages and document facts to refute plaintiff’s allegations. Wrote rebuttals utilizing legal templates developed by the defense attorneys to maintain consistency and legal correctness in responses. Supported defense findings with references to underwriting guidelines, documentation citing, recalculations, and summary conclusions. Ongoing contract work as needed and when available.

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Compliance Analyst FIS Global

May 2014 – January 2015 Jacksonville, FL

Nine-month contract assignment at USAA in Plano, TX. Performed audits on the client’s loan portfolio to determine compliance with RESPA and HMDA guidelines. Comparisons were made between GFE and final HUD-1 to calculate differences in fees and whether re-disclosures were properly made when prompted by change of circumstance in the loan terms and fees. Also performed HMDA compliance reviews to prepare for government reports due March 2015.

Underwriting Team Manager Sutherland Global Services, Inc.

September 2012 – January 2014 Houston, TX

Assigned to the Citibank Project as an underwriting team manager with responsibility for 15 – 20 frontline underwriters. Provided underwriting expertise to team members and approved difficult decisions requiring second opinion. Answered quality reviews from CITI Bank risk management and provided written responses for underwriting performance challenges. Provided additional training to underwriters to improve quality and production. Responsible for daily production reports using EXCEL spreadsheets and system software. Performed employment interviews and made recommendations on new hires. Other duties included handling daily time records, requests for vacations and time off, and exit reviews for layoffs and firings. Job ended due to contract reduction by Citi Bank.

Project Consultant/Fannie-Mae Audits Warbird Consulting Partners (aka Callaway Partners)

February 2012 – September 2012 Atlanta, GA

Performed forensic audits on Fannie-Mae loans to evaluate quality of original loan decisions and document evidence to enforce loan buy backs under the reps and warranty contract provisions. Job required knowledge of Fannie-Mae Ops Guides, Special Feature Codes, DU, third party AUS systems and Fannie-Mae Seller Guides. Worked under very stringent work review guidelines set by Fannie-Mae with a mandate to maintain at least 95% accuracy in data input, review findings, and written analysis. Fannie-Mae client service manager held regular training sessions at the company to help maintain quality review levels. Job ended due to contract reduction when a major lender settled with Fannie-Mae.

Contract Underwriter JCIII and Associates

7/2006 – 1/2010 Tampa, FL

Assignments include:

Goldman Sachs Collateral Review – Minneapolis, MN and Tampa, FL

Goldman Sachs - Payment Stream Reviews and Analysis of HAMP modifications.

Federal Home Loan Bank of Boston – credit and collateral reviews of bank portfolio loans. Assigned to the FHLB team and worked with them on field assignments at their member banks in MA, CT, and VT.

Recruiting/Training Manager The Bohan Group, LLC

July 2006 – February 2008 Irvine, CA and Jacksonville, FL

Position reported directly to the Vice President of Operations. Responsible for hiring and training contract underwriters to perform due diligence audits on loan trades for investors including Lehman Bros, Goldman Sachs, Bear Stearns, IXIS, Merrill Lynch, and other Wall Street investment firms. Jobs included commercial, multifamily, mixed use and residential property loans. Prescreened, tested and selected all contract underwriters. Created all training materials, books, PowerPoint presentations and curriculum for training courses that included Due Diligence Underwriting, Reverse Mortgages, Construction to Perm, Commercial, Multifamily and Scratch & Dent. Hired and trained more than 100 experienced contract underwriters in one year. Job required overnight travel to field offices to interview and train new personnel and to assist job leads. Company closed its doors on February 1, 2008 due to market conditions.

Self -Employed Contract Underwriter Clayton Group

Contract assignments: 2002 – 2005 Shelton, CT

Most Recent assignment:

Assigned to Aegis Mortgage Company, Capital Markets Group, Houston, TX. Worked as an assistant trade manager overseeing due diligence teams contracted from outside companies. Co-ordinated and scheduled due diligence work including facility reservations, ordering loans from warehouse and conducting regular team meetings. Reviewed due diligence findings and responded to loan rejections (kicks). Created EXCEL spreadsheets and Pivot reports to analyze findings and determine quality failures and responsible departments. Prior to this assignment worked as an underwriter on various assignments throughout the USA.

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Contract Underwriter Hanover Capital

2005 – 2006 New Jersey

Assigned to CIT Mortgage Due Diligence Team. Worked directly with CIT’s Credit Manager, underwriters, and appraisers doing quality reviews of mortgages being purchased from lenders such as AmeriCredit in San Diego, CA, Finance America in Irvine, CA and Wilmington Mortgage in Philadelphia, PA. These assignments required the ability to work in a fast-moving team approach (assembly line) where approximately 1000 loans were audited per week. CIT utilized their own people and augmented their team with a select few contractors they kept on call as needed.

Project Underwriting Manager National Mortgage Specialists, Inc.

January 2004 - December 2005 San Mateo, CA

Contract Project Manager – assigned to Opteum Mortgage in Foothill Ranch, CA. Managed compliance reviews on the client’s wholesale and correspondent loans. Utilized proprietary software to analyze HUD-1 fees and APRs on all loans to ensure they were in compliance with RESPA, TILA, and other state and federal laws. Worked with funders, client service managers, risk management and legal to resolve problems.

Frontline Contract Sr. Underwriter Price Waterhouse Coopers (PWC)

February 2004 – November 2004 (formerly known as Watterson Prime)

Belleview, WA

Assigned to Aurora Lending Services (ALS) in Denver, CO. Worked in the wholesale broker division as a frontline underwriter making decisions on A to A- loan programs with signing authority to $650,000. Loan products included full doc, SISA, SIVA, NINA, and other specialized types. Job required interaction with account reps, mortgage brokers, and ALS credit committee and Operations Management. Had to read and interpret tax returns and complex financials. Investigated potential fraud and data inconsistencies and reported findings to management. Regularly used automated underwriting systems of Fannie-Mae (DU) and Freddie-Mac (LP) to obtain approval decisions.

Mortgage Trainer/Consultant The Loan Consultants, Inc.

February 1997 to May 2002 Los Angeles, CA 90010

Provided training and support to new mortgage companies established by this business opportunity company. Trained over 500 new brokers how to originate, process and underwrite commercial, multifamily, and residential loans using Fannie-Mae, Freddie-Mac and commercial guidelines. Students include former Harvard professors, attorneys, bank officers, and corporate executives changing careers. Provided ongoing support and helped clients develop executive summaries to present their commercial loan requests to major lenders. Traveled weekly to cities throughout the USA and Canada, (held a work permit to conduct classes in Canada). In 2002 established the company’s New York City office and provided support and training to the brokers in this region. Resigned to pursue an opportunity in due diligence underwriting and audits.

EDUCATION and TRAINING:

Orange Coast College Costa Mesa, CA Certificate - Real Estate Studies

Golden West College Huntington Beach, CA Real Estate and Business

University of Texas School of Architecture Austin, TX

CA Real Estate Broker’s License 00403276

Fannie-Mae Training classes in forensic auditing

OTHER INFORMATION:

Willing to work part-time assignments, travel or work remotely

Nonsmoker and never taken drugs

Unmarried

No handicaps

No prior military

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