Management Microsoft Office

Olga Ovchinnikova

**** **** ****, *** ****, CA **117

Cell: 415-***-****, Home: 408-***-****

E-mail: ********@*****.***

Summary of Qualifications

Over 5 years of Underwriting Management experience, leading medium sized teams, training and mentoring co-workers, and conducting performance reviews.

Over 10 years of experience in credit underwriting (automated and manual), credit portfolio management, including conforming/non-conforming, low to moderate income products, policies and guidelines, home equity lines of credit, residential lending and sub- prime lending, FNMA, Freddie Mac, Federal Home Loan, Mortgage Insurance, Loan Servicing, Federal and State Compliance policies and procedures.

Professional Experience

Bank of America, San Jose CA

AVP/Loan Review Team Lead (July 2006 – August 2014)

Managed Team of Loan Review Analysts responsible for reviewing and approving residential mortgage loan application packages by ensuring compliance within the appropriate company standards, policies and mortgage products

Performed 2nd level reviews of the completed underwrites in accordance with company guidelines, policies, procedures, legal and regulatory compliance and communicated results to the reviewers in order to ensure best quality of underwrites.

Organized meetings with the Team and the Management in order to mitigate emerging risks, discuss process improvements and come up with the best business policies and procedures

Monitored daily pipeline and assigned work to ensure that loans are underwritten in a timely manner

Responsible for Reports and Tracking utilizing Excel spreadsheets and current databases

Established and wrote policies and procedure manuals, job aids and other training materials

Responsible for Mentoring and Coaching as a Team Lead, Performance Review creation and administration, hiring and performance management process

Reviewed and approved residential mortgage loan application packages by ensuring compliance within the appropriate company standards, policies and mortgage products (portfolio and salable conventional, FHA mortgage loans, conforming and non-conforming 1st and 2nd loans in compliance with Fannie Mae, Freddie Mac and investor guidelines)

Evaluated the financial strength of borrowers by analyzing loan documents including credit reports, W-2s and pay stubs, personal and business tax returns, bank statements, property appraisals and field reviews, preliminary title reports, condominium documents, leases and contracts and other related documents to reveal comprehensive credit risk profile and repayment capacity

Performed desktop underwriting and loan prospector duties within FNMA/FHLMC guidelines.

Maintained productivity level of 5-8 loans per day with a 24-hour turn around time for clearing conditions; determining compliance within agency & investor guidelines, with no errors and omissions, reviewing each file for fraud detection.

Assisted Negotiations Team in decision-making process by reviewing and underwriting loans for Impasse calls, completing final loan reviews and communicated findings during scheduled meetings in order to present best defense arguments or recommend loans for repurchase.

Washington Mutual, Campbell CA/ Pleasanton, CA

Underwriter (December 2004 – July 2006)

Reviewed and approved residential mortgage loan application packages by ensuring compliance within the appropriate company standards, policies and mortgage products (portfolio and salable conventional)

Demonstrated extensive knowledge in income calculations: (both, W-2 and Tax Returns (Sch. C; Sch. E, Sch. K-1) and strong experience in analysis of collateral

Always communicated results and issues to the account executives and brokers and assisted loan

processors in signing off conditions; follow-through with borrowers, loan processors, loan originators

and management throughout all phases of the underwriting process.

Generated various reports per management request

Transnational Financial Network, Inc., San Francisco, CA

Sales Supervisor/ Underwriter / Sr. Broker Coordinator (December 2000 - December 2004)

Managed and maintained production system

Supervised and trained account executives

Analyzed and processed loan application packages, including automated and manual underwriting, to

ensure compliance with underwriting guidelines, lending policies and procedures

Performed quality control of the loan files to ensure compliance with regulatory mandates

Made recommendations for error prevention and/or procedural changes to solve problems uncovered as part of the review process

Performed review and sign-off brokers’ conditions and prepared decision documents for credit actions

Prepared rate sheets, matrixes, flyers in compliance with program guidelines, locked loans

Reviewed and analyzed purchase advises

Computer Skills

Computer: Systems: Multiple automated underwriting systems

Bank Internal applications/audit systems

Automated compliance evaluation systems

Fraud research/AML systems and databases

Software: Microsoft Office Suite (Excel, Word, PowerPoint)

Advanced knowledge of Excel

Professional Development and Education:

Saint Petersburg State University of Economics and Finance, Saint Petersburg, Russia

Masters of Science in Business Administration with concentration in Finance

International School of Business, Saint Petersburg, Russia

Investment exchange activities and securities transactions

European Bank for Reconstruction and development, Saint Petersburg, Russia

Training Course based on the Program of European Bank for Reconstruction and development

Real Estate Salesperson license # 01371745 (issued on 03/05/03; exp.11/03/19)

FHA Online University (http://www.fhatraining.org)

FHA/VA Underwriting class (completed on 01/23/09)

Bank of America professional development classes:

Extensive Underwriting Training

Compliance Training

Risk Management Training

Advanced Excel Training

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