Michele A. Ligorelli

**** ** ******* ***

Boca Raton, Florida 33487 Home: 561-***-****

PROFILE:

. Twenty-five years of experience in full back office mortgage

processing functions, including, mortgage processing and

underwriting, and large volume mortgage business development.

. Senior-level experience managing mortgage home equity and

consumer lending product operations with full approval

authority, in a high-volume environment.

. Apply extensive industry knowledge in identifying and

enhancing revenue growth opportunities.

. Proven ability in building strong business relationships to

obtain and close loans.

. Excellent knowledge of mortgage systems such as Encompass,

Point mortgage origination, and Gems reverse mortgage.

LOAN PROCESSING EXPERTISE:

Conforming and Nonconforming Loans, FRMs, Arms, GPMs, Jumbo Loans, Freddie

Mac, FHA, VA, USDA Rural Development Loans, Reverse Mortgage and Home

Equity Loans, Commercial and Construction Loans.

PROFESSIONAL EMPLOYMENT:

Digital Risk, LLC Boca Raton, Florida (June 2014 to Present)

Senior Mortgage Loan Processor

Responsible for reviewing title insurance, flood tax certificates,

appraisals, and surveys to ensure all required documentation is accurate

and complete.

Calculate mortgage applicant income and assets in preparation for

submission to Underwriting Department.

Obtain all required loan documentation and ensure documentation meets loan

qualifying conditions. Remediate as necessary. This includes review for

misrepresentation, inaccuracies, and omissions.

Calculate DTI and LTV / CLTV.

United Mortgage Lenders Palm Beach Gardens, Florida (July 2013 to May 2014)

Mortgage Loan Processor

Responsible for processing residential, commercial, and construction loans

valued at $34m.

Complete all aspects of mortgage processing including finance arrangements,

insurance, and ensuring all federal and state requirements are met.

Calculate DTI and LTV.

Research and analyze available finance packages, and advise borrowers about

the most effective finance options.

Act as a liaison between borrowers, mortgage underwriters, others mortgage

processors, title companies, and attorneys to ensure all aspects of a loan

are complete and compliant with federal and state regulations.

AMS Mortgage Services Newark, New Jersey (September 2009 to June 2013)

Mortgage Loan Processor

Responsible for processing residential, commercial, and construction loans

valued at $62m.

Complete all aspects of mortgage processing including review and confirm

finance arrangements, insurance policies, calculating DTI and LTV, and

ensuring all federal and state requirements are met.

Research and analyze finance packages, and advise borrowers about the most

effective finance options.

Act as a liaison between borrowers, mortgage underwriters, other mortgage

processors, title companies, and attorneys to ensure all aspects of a loan

are complete, and in compliant with federal and state regulations.

RTM Mortgage, Incorporated Fairfield, New Jersey (March 1999 to August

2009)

Partner and Treasurer

Principal company underwriting functions with a $24m average annual volume,

increasing 10% year-over-year from 2000 to 2010.

Manage mortgage loan portfolios with an average annual value of $5m by

ensuring compliance, packaging, and selling mortgage origination loans to

lenders.

Responsible for overseeing all urgent loan procedures, classified loans,

and approving complex and large workout mortgage loans.

Establish company Human Resource policies and procedures, and ensure

adherence to state and federal regulations, including FHA regulatory

requirements.

Calculate and validate DTI, LTV, income, and appraisals.

Review title, homeowner insurance policies, and all applicable fees to

ensure compliance with bank

loan requirements.

Originate market-rate Fannie Mae and FHA loans, and provide other products

including bridge loans, pre-development loans and equity co-investments,

primarily through the development and maintenance of strong relationships

with direct or indirect borrowers.

Serve as the liaison and final approver in the preparation of annual

reports distributed to the banking department in each state RTM Mortgage

operates.

Work with assigned accounting firm to prepare federal and state corporate

income tax returns.

Hire and train professional staff to serve as back-ups for functional areas

of responsibility, and for general office administration. This includes

coaching, mentoring, and performance management.

Senior Mortgage Loan Processor

Responsible for mortgage loan processing, underwriting, and completing all

administrative requirements to close mortgage loans. Approximate annual

loan values totaling $6m.

Increased closings from $1m to $3m by developing a sales strategy for

potential borrowers, marketing company services, and building relationships

with loan institutions.

Serve as the primary correspondent between real estate attorneys and

financial institutions to close loans quickly and efficiently.

Manage loan production support functions, including ensuring loan

preparation quality with well-documented loans, including the use of data

validation tools, data input integrity, and file completion and

organization.

Improve processes and procedures to ensure loans flow through the process

quickly by managing all production support personnel such as processing,

underwriting, closing, and post closing.

Verify loan titles are clear, resolving discrepancies as needed, and ensure

lender conditions are clear and well documented to facilitate a smooth post-

closing completion process.

Parkway Mortgage, Incorporated Kenilworth, New Jersey (June 1988 to

February 1999)

Assistant Mortgage Loan Processor

Meet or exceed a management established minimum annual production goal of

$1m each year.

Oversee the preparation of mortgage loan closing packages by serving as the

quality assurance and final approver to release packages to mortgage

lenders.

Prescreen and qualify loans prior to the underwriting and closing process.

Interface with the analysts to prepare credit presentations for loan

institution credit committee approval.

Meet all post closing requirements by ensuring adherence to federal and

state regulatory requirements.

Determine borrower eligibility for Qualified Allocation Plans (QAPs) in the

State of New Jersey.

Finalize loan packages and serve as the interface with lending

institutions.

EDUCATION: William Paterson University, Bachelor of Arts in History

June 1996, Wayne, New Jersey

The Pennsylvania State University Bachelor of Science in

Rehabilitation Education

June 1993, State College, Pennsylvania

AFFILIATIONS: National Bankers Association (NBA)

American Bankers Association (ABA)

National Association of Mortgage Processors (NAMP)

National

Association of Mortgage Underwriters (NAMU)

PROFESSIONAL CERTIFICATIONS:

State of Florida, Loan Originator and Contract

Processor License

Expected Completion: January 2014, Gold Coast

Schools. NMLS #1155020

Certification, Underwriting Professional

Certified: July 2014, Gold Coast Schools

TECHNICAL SKILLS: Super User of mortgage industry systems such as FHA

Connection

DO/LP, Point, Encompass,

Doc Magic, and Gems

Contact this candidate