CYNTHIA FORTES-LEGASPI

**** *** **** ****** #** San Francisco CA 94109

home: 415-***-****: mobile 415-***-****: email acb6ph@r.postjobfree.com

QUALIFICATIONS SUMMARY

** ***** ** ******** ********ce – underwriting, processing, credit & income analysis and customer

service. Detail oriented, can multi task and able to balance competing priorities and tight deadlines in a

high pressure environments; excellent verbal and written communications skills

Team player with positive attitude; strong project and task management skills – able to complete projects

and tasks in a timely manner

PROFESSIONAL EXPERIENCE

Real Estate Loan Processor June 2013 to August 2013

SF Fire Credit Union

San Francisco, CA

Reviewed initial application for completeness. Ensure accuracy of income, asset and liability listed

by applicant by reconciling pay stubs, tax returns, asset statements and credit reports. Ensure that

documents meet all underwriting conditions.

Ordered, reviewed and analyzed credit report, appraisal, title, flood determination, verification of

deposit and employment, tax returns, income statements, verification of mortgage

Take loan applications/interviews members/clients over the phone, internet, mail or in person for

real estate loan requests

Junior Underwriter September 2012 to June 2013

Bay Equity LLC

San Francisco, CA

Analyzed and reviewed documentation in file to verify and ensure accuracy, completeness of loan

mortgage application and support underwriting decision

Reviewed and analyzed assets, tax returns, tax transcripts and/or other income documents,

preliminary report, purchase contracts

Performed loan file review and underwriting to determine compliance with investor guidelines,

underwriting policy and procedures. Run AUS and interpret findings.

Reviewed loan conditions as set forth by Senior Underwriter, including but not limited to, tax returns,

title reports, credit reports, income and assets documentation and appraisal conditions within 24 48

hours to meet company’s turn times

Reviewed and cleared prior to documentation and funding conditions and send updated approval

Updated Automated Underwriting Systems (AUS) per new information received, assess results and

generate necessary loan conditions using DU, DATATRAC, EDM

Run Desktop Underwriter (DU) with updated calculations, appraisal value prior to final approval

ensuring both DU and AUS systems match. Run Fannie Mae Early Check to ensure all data entry in

file is consistent

Assessed fraud indicators and report suspicious activity according to company policy. Provided

timely responses to Quality Control Audits. Re worked files based on changes and updates to loan

terms, conditions, investors

Issued loan approvals based on the overall worthiness of borrower(s)

Communicated to origination group and management matters related to underwriting

Underwriter/Loan Specialist July 2008 to August 2012

First Republic Bank

San Francisco, CA

Processed and underwrite conventional SFR, Multi Family, Condo, COOP; Fannie Mae loans;

pipeline of 70 80/per month

Reviewed loan application to determine the completeness of all documents and verified the

borrower’s qualification for specified loan product

CYNTHIA FORTES LEGASPI

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Set up loan files and identify missing documentation and/or problems and communicate these to

loan officers, borrowers, escrow /title companies, attorneys

Prepared GFE, TIL, fee worksheet and all disclosures, orders appraisal, prelim report and run credit

Analyzed each loan file, ensuring the LAW form/narrative, appraisal, application, preliminary title

report and verifications meet secondary market, investors and the Bank’s loan program criteria and

are accurately documented. Calculated borrower(s) assets, collaterals and determine if borrower

has the capacity to repay; submit loan files to Credit /Loan Committee for approval

Prepared loan files for closing and funding by reviewing loan documents accuracy and by completing

the Request for Documents form to ensure all regulatory information and loan terms are accurately

input into the computer system (Power Lender) to meet RESPA, HMDA, ECOA and compliance

requirements. Worked with closer, funder, Escrow and Title companies and out of state Attorneys to

clear prior to closing and funding conditions

Senior Loan Funder September 2004 to June 2008

First Republic Bank

San Francisco, CA

Top producer/funder for all types of loans Construction, Commercial, SFR, Multi Family loans for

the past 5 years with high level accuracy

Funded average of 400 loans a month

Facilitated accurate and timely funding of real estate loans for single family, 1 4, home equity lines,

Co op single family construction and commercial real estate for California and other states.

Audited the loan file for funding conditions, compliance of company policy, federal regulation and

applicable state laws.

Reviewed funding package to ensure that documents have been accurately and fully executed

Received, reviewed and approved all signed loan closing documents for completeness and

compliance. Determined that all funding and underwriting conditions have been satisfied

Completed all internal funding documentation and distributed to appropriate departments

Disbursed loan funds to Title companies and Attorneys and copy of loan funding documentation to

accounting department and other applicable departments

Confirmed loan recordings, advised and updated supervisor of funding dates

Put funded loan files together and followed up for East Coast packages

Worked with servicing to book loans, provided pay off demands, over draft line of credit applications

and applicable modification documents for booking

Funded modifications, sent out packages for recording and prepares title fees

Coordinated with Loan Delivery to ensure timely deliveries and complete files

Followed up post close conditions/documents with attorneys, borrowers, escrow and loan teams as

needed

Adhering to and complying with the applicable federal and state laws, regulations and guidance,

including those related to Anti Money Laundering (i.e. Bank Secrecy Act, US Patriot Act, etc.

Trained and assisted escrow agents and out of state attorneys in completing the new RESPA HUD.

Team lead in several departmental projects including clearing of post close conditions.

Covered for Manager during vacations and absences by assigning packages to funders and

answered general funding inquiries from loan teams, escrows, titles and out of state attorneys

New Loan Boarding Specialist October 2002 to August 2004

First Republic Bank

Set up new loans and construction to perm loan in the system

Verified data in Power Lender against documents in the file for accuracy

Prepared monthly and quarterly report of new loans funded/boarded using Access and Monarch

Prepared quarterly, concentration, multi loan per property reports

Responded to requests and general loan servicing inquiries from borrowers, loan teams and

branches

CYNTHIA FORTES LEGASPI

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Loan Processor December 2001 to September 2002

Town and Country Credit

South San Francisco

Reviewed new applications for completeness and identify any missing documents before processing

Examined loan documentation for accuracy and completeness

Completed loan set up including pulling credit report and generation of initial RESPA

Reviewed credit report

Evaluated credit and property acceptability in accordance with company’s underwriting guidelines

Ordered mortgage history, appraisal, supplements, preliminary title report, pay off demands and

open escrow

Verified employment, mortgage history/payments, rental income, insurance

Reviewed reports and loan files for funding ensuring accuracy and completeness

Checked if all loan documents are signed

Verified if all recording information are correct; disburse funds

Underwrite loan and submit files for approval

EDUCATION AND CREDENTIALS

Degree: Bachelor in Accountancy (graduated)

Trainings – Underwriting

Analyzing Personal & Business Tax Returns: Cash Flow Analysis (1040/1065/1120S/1120)

Appraisal Workshop – Discussing Scenarios and Addressing Potential Red Flags

Effective Originations –Completing 1003

Components of Credit Scoring

Focus on Assets

Mortgage Insurance Basics

Trainings Processing

Real Estate Settlement Procedures Act (RESPA)

Home Mortgage Disclosure Act (HMDA)

Fair Credit Reporting Act (FCRA)

Equal Credit Opportunity Act (ECOA)

Mortgage Disclosure Improvement Act (Reg Z – MDIA)

Title Reports and Title Commitments

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