BRUCE L. REDINGTON II

SUMMARY

Professional with over 15+ years of experience in the mortgage industry. Combines strong

Management, Sales, Communication, Computer, and Analytic skills, to enhance performance

and increase customer satisfaction.

PROFESSSIONAL EXPERIENCE

PATRIOT COMMUNITY BANK - Boston, MA Jan, 2015 – Present

Processor/Assistant Underwriter (Contract)

• Review loan application documents for compliance with regulations and investor

guidelines.

• Process loans according to FNMA DU & FHLMC LP

• Streamline the process through communication and interacting with customers, loan

officers, appraisal companies, attorneys, underwriters, and other industry

professionals.

• Reviews loan conditions to determine necessary documentation, calculate income,

verify employment, audit bank statements sourcing large deposits, analyzed credit,

performed credit supplements, performed verification of employment, obtained tax

transcripts, etc.

BELMONT SAVINGS BANK - Belmont, MA Jul, 2014 – Oct, 2014

Auditor in Mortgage (Contract)

• Identify and inventory documents received by Bank for purchase consideration of

Jumbo mortgage on correspondent warehouse lines.

•Review compliance and accuracy for loans to be purchased (credit and closing

documents)

• Create exception reports for Investors – conditions for the Bank to purchase the loan

• Update and track purchased loan report based on documents received in proper

format

SALEM FIVE MORTGAGE, LLC - Salam, MA Jul, 2012 – Oct, 2013

Mortgage Processor/Auditor (Contract)

• Process loans according to FNMA DU & FHLMC LP

• Streamline the process through communication and interacting with customers, loan

officers, appraisal companies, attorneys, underwriters, and other industry

professionals.

• Analyze credit reports, bank statements, paystubs/W2, order credit supplements,

order tax return transcripts, verify employment, etc.

• Responsible for auditing loan Salem Five existing closed files and/or pre-funded files

to ensure compliance with regulations.

Managed any compliance issues related bank files audited by Salem Five’s 3rd party

•

auditors.

• Review loan application documents for compliance with regulations and investor

guidelines.

GAURANTEED RATE MORTGAGE - Danvers, MA/ Nashua NH Sept, 2010 – Feb, 2011

Mortgage Processor/Consultant (Contract)

• Responsible for analyzing and preparing loan documentation for underwriting;

clearing conditions; and coordinating loan closings.

• Responsible for tracking loan files for accuracy in terms of regulations and guidelines.

• Position was eliminated because of the increase in rates which caused and

immediate and substantial reduction of business.

APEX LENDING - Beverly, MA Nov, 2008 – Jan, 2010

Branch Manger

• Responsible for managing day to day operations of a local net branch for a national

mortgage company.

NEW CITY MORTGAGE - Danvers, MA April 2002 – April 2008

Business & Processing Manager

• Managed a team of up to 12 loan originators throughout their employment process.

This involved all aspects of recruiting, hiring, firing, training, and supervising loan

originators.

• Implemented and oversaw efficiency structure for loan origination and processing.

This structure included processes designed to eliminate regulatory errors in loan files

as they progressed in order to prevent regulatory issues post-closing.

• Acted as processing manager by overseeing the submission of all loan files and the

clearing of conditions.

• Ran a Deal Desk to make recommendations for proposed loan scenarios: Structuring

the deal by analyzing the risk of the real estate transaction, reviewing appraisal and

asset documents, reviewing credit, placing the appropriate loan product

• Scheduled closings, reviewed HUD and closing packages prior to closing, reviewed

other legal documents such as residential and commercial leases, offers to purchase,

and purchase agreements

• Maintained portfolio of lenders for New City Mortgage, LLC, including residential,

commercial, and private financing, to match products to company target market.

EDUCATION

New England School of Law – Boston, MA

JD 2013 – (In Process)

Van Loan School of Business – Endicott College – Beverly, MA

MBA 2011 – 2012

University of Illinois - Champaign/Urbana, IL

Master of Musical Arts – 1990 - 1992

Wheaton College, Wheaton, IL

Bachelor of Musical Arts – 1986 – 1990

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