Sales Service

Gregory J. Savastano

*** ******* ******, **** #***, Quincy, MA 02169

Mobile 401-***-****

Email: ******@*****.***

Linkedin: http://www.linkedin.com/pub/gregory-savastano/21/a00/a2

PROFILE:

UNDERWRITER

• Excellent communication and presentation skills; works well independently and as part of a team.

• Accepts challenges easily and embraces change. Well organized; detail oriented.

• 2 years of formal Legal training combined with strong finance skills and exposure.

• Leverages over 11 years’ experience in the Mortgage Industry with well-known companies - Bank of America,

Citizens Bank, GMAC in roles such as: special assets, documentation, Morgan Stanley, HASP/HARP teams and

commercial underwriting.

• Achieved 100% accuracy rating on loan reviews without any loan defaults or buy backs from Fannie Mae/ lender..

SKILLS & KNOWLEDGE

• Federal, state, industry & lender policies/regulations effectively processed Commercial & Residential Real Estate/

Construction/ Rehabilitation/ Home Equity Transactions.

• Federal consumer lending regulations, disclosures, and reporting, including ECOA, HMDA, Reg Z, TILA, FCRA,

RESPA, and state requirements.

• Processing Loans & Titles, researching and analysis; writing reports; problem solving issues regarding financial &

legal documents to service clients.

• Well versed in DU/LP Automated Underwriting systems, Real Ec, UNIFI, Consumer Database, Access, Cash and

Idesk systems

• Proficient in Idesk, Cash, GCF, AFS, Action, Windows, Microsoft Office, Stewart Docs, Softpro, Loan Soft, Excel,

Power Point, Credit Review, Mainframe, Westlaw, Lotus Notes, Morvision, Lexis Nexis, Empower and other

computer programs.

PROFESSIONAL EXPERIENCE:

Santander Bank: December 16, 2013-Present

Credit Analyst III- East Providence RI July 2014- Present

• Reviewed mortgage loan submissions and to issue Conditional Loan Approvals in compliance with lender’s

guidelines. Monitor and maintain compliance with all underwriting/ funding policies and procedures within

federal, state, local, and corporate regulations. Ensure prompt and efficient service through consistent and

timely communication to Sales, Processors and Funders.

• Underwrote Residential Loans including first mortgages with Heloc/ Consumer loans.

• Researched an d evaluated ‘Data Verifies’, initial alerts of fraud including Social Security mismatches,

documentation mismatch, etc. Responsible for clearing data verify alerts.

Res Appraisal Analyst II - Dorchester, MA December 16, 2013-July 2014

• Responsible for auditing Appraisals for Consumer, Correspondent, Retail and Wholesale loans. Managed

and prioritized personal work cue. Efficiently processed daily work, rush transactions and special

projects.

• Worked closely with Licensed Appraisers/ AMC to ensure that the appraisals that have meet

Uspap/ Fannie Mae & Santander guidelines.

• Verified that the title, flood and the appraisal report match what is in Unifi/ Consumer Database. Requested

revisions through Real Ec/ Unifi when necessary and updated the reviews accordingly.

• Updated Unifi/ Consumer database with the final review. Providing a thorough analysis of the Collateral/

Collateral Risks to the underwriter so that they could accurately assess the strengths/ weaknesses of the

transaction.

PHH Mortgage, Mt. Laurel, NJ/ Telecommuting June 18, 2012- December 02, 2013

Residential Underwriter

• Reviewed mortgage loan submissions and to issue Conditional Loan Approvals in compliance with lender’s

guidelines. Monitor and maintain compliance with all underwriting/ funding policies and procedures within

federal, state, local, and corporate regulations. Ensure prompt and efficient service through consistent and

timely communication to Sales, Processors and Funders.

• Underwrote Residential Loans including but not limited to Conforming, Morgan Stanley &HASP/HARP

loans.

• Accurately Completed Cash Flow Analysis and Asset based income (APM) of each borrower by using the

borrowers Pay Stubs/W-2/Award Letter/Personal Tax returns/Business Tax Returns/ Profit & Loss and asset

statements.

• Achieved 100% Accuracy Rating from PHH Quality Control on files reviewed and complete an average of 6

loans a day.

• Researched and evaluated ‘data alerts’, initial alerts of fraud including Social Security mismatches,

documentation mismatch, etc. Cleared Data Alerts or escalated the file to fraud team for review.

Contract Positions 2010 - 2012

Citizens Bank, Providence, RI: Residential Contract Underwriter

PHH Mortgage, Mt. Laurel, NJ: Per Diem/ Residential Contract Underwriter

Clayton Holdings, Inc., Shelton, CT: Per Diem/ Contract Underwriter

• Underwrote Residential Loans for Mergis Group’s client. Managed an average pipeline of 30-70

loans and expected to process at least 12 underwriting tasks a day.

• Accurately Completed Cash Flow Analysis of each borrower for Mergis group’s Client by using the

borrowers Pay Stubs/W-2/Award Letter/Personal Tax returns/Business Tax Returns.

• Underwrote Residential Loans for Aerotek’s Client including Conforming & HASP/HARP loans.

• Accurately Completed Cash Flow Analysis of each borrower for Aerotek’s Client by using the

borrowers Pay Stubs/W-2/Award Letter/Personal Tax returns/Business Tax Returns.

• Well versed in DU/LP Automated Underwriting systems, Cash and Idesk systems.

• Responsible for Accurately Completing Scrub of Commercial Loans for Clayton’s Client.

• Underwrote C&I and Real Estate Loan files to ensure accuracy of Thrift Financial Reporting for

Clayton’s Client.

• Reviewed and corrected Fed Class, Collateral Code, Secured Code, CRE Indicator, Purpose Code &

GL Code on Loans.

Bank of America, Providence, RI/ MA:

Special Assets/Attorney Prepared Document Administrator II 2006-2010

• Protected Bank’s interest in Commercial loans by reviewing and preparing loan documentation for

multi-million loans; included rates, fees, loan terms, property details, insurance and environmental. Ensured

legal entities were in good standing.

• Performed UCC Searches, Filing UCC & Ordering Certificate of Good Standings for transactions.

• Accountable for the Financial Booking of each Transaction.

• Processed Syndications, Parti-Boughts, Letters of Credit, Direct Pay Letters of Credit, R-Credits,

Performing Loans and Special Assets/ Non Performing transactions.

• Worked with CSA, Underwriters, Market Leaders, Banking Officer and Attorneys to process

transactions efficiently.

EDUCATION:

• Bachelor of Arts in English; minor Communications, Assumption College - Worcester, MA, 1996

• Southern New England School of Law - North Dartmouth, Massachusetts

• Seminar: “How to Research Titles” - RI Board of Realtors,

2004

• Banker’s Academy- Focus on Credit Risk Management 2010

National Association of Mortgage Processors/Underwriters Approved courses:

• Commercial Processing & Underwriting 101 2013

• FHA/ VA Underwriting-“For Underwriters”, FHA Online University-

2010

• Compliance: GFE, RESPA & TILA New Rules Defined, FHA Online University-

2010

• Tax Return Analysis Workshop-"Examine Self-Employed Borrowers", FHA Online University

2010

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