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Manager Management

Location:
Bedford, Texas, United States
Salary:
80,000
Posted:
October 14, 2016

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Courtney Ogletree

**** WHETSTONE LANE, EULESS, TX 76039 • 817-***-**** • acw1to@r.postjobfree.com

EXPERIENCED FORECLOSURE MANAGER

High-caliber, results-driven professional with advanced proficiency in operations management and vendor management. Developed long-standing relationships within the Industry through high integrity, earned credibility, and by cultivating strong associations with clients, vendors, and colleagues. A skilled mortgage servicing manager with more than 15 years experience servicing/sub-servicing prime and sub-prime loans in an ever-changing, complex environment.

● Concentrated focus in default management, loan resolution and foreclosure timeline management.

● An innovator, adept at identifying optimization opportunities and effectively implementing change.

● Strong sense of urgency and extensive understanding of compliance with the innate ability to effectively translate changes to processes and procedures seamlessly.

SUMMARY OF QUALIFICATIONS

Vendor Management

Default Servicing Process

Skilled Communicator

Gap Analysis

Compliance & Change Management

Mergers & Acquisitions

Problem-Solving

Timeline Management

Client Management

System Conversion Planning

Process Improvement

Developing Talent

PROFESSIONAL EXPERIENCE

Colonial Mortgage, Fort Worth, Texas January 2014 - Present

Colonial Mortgage is privately owned and is one of the few in the servicing business to hold a 4 star rating with FNMA. Colonial has a very diverse portfolio that includes investors such as USDA, FHA/VA, Credit Union and MPF loans. They have a currently pipeline of approximately 130,000 loans on the books.

Late Stage Default Manager

Manage production and servicing oversight for several areas of mortgage default including pre-foreclosure, property preservation, foreclosure, document execution, REO, Loss Analysis and Claims. Responsible for all investor audits both internal and external ensuring that all documentation is provided and collected as instructed. I have interacted with the OCC, HUD, FNMA, IA, FHLMC and our Credit Unions for all exception clearance and development of any remediation items. Attend quarterly Board Meetings to discuss reserves for distressed assets, discuss outstanding litigation and review any repurchase demands. Manage all policies and procedures to ensure all compliance updates are cared for. Attend all monthly investor calls for HUD, FNMA and FHLMC to address any timeline adherence issues before issuance of a compensatory fee and/or a curtailment of the MI claim. Manage process to determine equity position throughout the life of the loan in default to ensure projected costs to bring the asset into REO do not outweigh the expected proceeds from sale of the asset (short sale, tax sale, foreclosure). Attend monthly strategy meetings with the SVP of servicing. Report to the VP of Default 1-4 direct reports / 25+ indirect

● assisted in achieving a 4 STAR rating with FNMA

● added the loss analysis process as it was not in place upon my arrival

● consistent audits passed with 0 findings

● updated default system to contain the appropriate milestones and investor timelines/fees for all state and investor types

● led project that cleared receivables going back more than 10 years

● mapped, set up parameters, and tested the Fiserv system for conversion which was successful for all departments which report to me

● reduced the number of re- conveyances from HUD from 13 to 0

● reduced compensatory fees by 75% by implementing the appropriate rebuttal process Saxon Mortgage Services, Inc., Irving, Texas November, 2010 – May, 2013 Page 1 of 3

Established in 1960, Saxon Mortgage Services, Inc. was acquired by Morgan Stanley in December 2006 and in their prime serviced more than 300,000 loans, including end-to-end default resolution sub-servicing capabilities. Manager of Foreclosure Operations / File Assembly & Control Manager – FRB project Manage servicing of delinquent and defaulted mortgage loans, foreclosure, bankruptcy, litigation, claims, and REO disposition. Executive member of the foreclosure taskforce including interacting with the FED and retaining an independent firm to conduct a review of foreclosure actions to determine any errors or misrepresentation. Developed remediation plans, continued to demonstrate effective risk management of servicing operations, and promote sound foreclosure processing. Stepped in as acting SVP while the company reorganized. Reported directly to SVP of operations 1-5 direct reports / 8+ Indirect Reports

● Improved PTR by 47% in my first two months, excluding fallouts due to reinstatement, payoff and loss mitigation.

● Currently in the process of integrating LPS Desktop with Foreclosure, Bankruptcy and Loss Mitigation through creating processes, work queues, automation and staff retraining.

● SCRA taskforce with Department of Justice to ensure compliance with SCRA requirements. Created SOP’s and best practices to afford service men and woman the same opportunities while mitigating Saxon’s exposure.

● Integral member of a committee in developing processes to ensure alignment with the FNMA and FHLMC updated announcement and initiative to their servicing guidelines.

● Project Manager for the installation of an equity analysis process for charge off/proceed determinations which could reduced REO inventory by 40% and reduced cost per file by 25%

● Initiated and implemented equity analysis process to reduce risk and to eliminate unnecessary expenses by utilizing techniques such as market analysis, state foreclosure bidding requirements and reviewing property value several times throughout the extended foreclosure states timelines.

● Negotiated LPS Desktop contract addendum to adhere to new regulations regarding charging of FNMA and FHLMC while maintaining the cost of per-loan servicing.

● Established a Default Support Group and several processes to comply with all applicable legal requirements and to ensure appropriate policies and procedures, staffing, oversight and quality control of those processes such as:

● Single point of contact.

● Staffing model to ensure adequate staffing levels as volume changes.

● Implemented oversight of attorneys and vendors by managing performance and quality.

● Due diligence and govern the relationships with firms by formal contracts, conduct, on-site file reviews, daily

● automatic sweeps of attorneys being utilized against negative press and verify licenses.

● Ensure all legal pleadings filed with the courts on Saxon’s behalf are accurate.

● Managed file review operations to ensure collection and organization of foreclosure documents required for production were correct based on state guidelines.

● Analyzed test plan document checklists requirements and provided alternative/supplemental document options.

● Responsible for managing staff with multiple work streams.

● Reduced FRB exceptions to nominal after producing alternative documentation to clear exceptions.

● Managed training process for staff to ensure appropriate knowledge levels and procedures understanding.

● Performed managerial staffing functions, including hiring, firing, coaching and provided performance feedback.

● Responsible for initiatives such as system conversion planning. (i.e. Fiserv/MSP)

● Met with departmental leaders/SME’s to determine pertinent data points that must be converted to ensure minimal to no interruption to reporting/daily operations. (foreclosure, loss mitt, BK, property pres….ect.)

● Determined any “wants” from departmental personnel for possible improvement to operations if supported by new platform with minimal cost/time.

● Worked closely with departmental heads and IT to ensure communication of items necessary were fully cared for to avoid extended cost/time with going back to make changes.

● Follow up with IT to ensure all files were transferred and out put population agreed with inputs.

● Follow up with department heads to ensure all files are present, contain all data points, and no interruption to operations have been identified.

● Ensure any possible open processes in prior platform have been closed out and do not continue to report. Citigroup Inc., Irving, Texas July, 1996 – November, 2010 Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and Page 2 of 3

services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Unit Manager – Pre Foreclosure off shore operations Manage the offshore pre foreclosure operations in India. Responsible for ensuring that all pre foreclosure operations were handled according to contractual agreements set forth by Citi. Worked with senior management at Tata consulting to identify and re-engineer processes that were determined to be insufficient to support the business.

● Initiated outsourcing components of pre foreclosure activity to capitalize on innovative processes and technology that improved production by 30% and reduced staff by 20%.

● Staffing model to ensure adequate staffing levels as volume changes.

● Worked with Tata to ensure monthly budgets were adhered to, and responsible for identifying areas to decrease monthly expenditures.

● Ensure that pre foreclosure reviews were processed in compliance with state and federal laws by maintaining compliance with investor, insurer, agency and company guidelines while controlling costs.

● Demonstrating a solid working knowledge of managing related processes and enhancing those performance variables.

● Continual implementation of procedural changes to comply with legislative, Judicial, GSE, Treasury and FDIC changes.

● Developed vendor scorecards to evaluate and manage performance of our off shore vendor.

● Responsible for handling all audit deliverables (RCSA, OCC, ARR) TECHNICAL SKILLS

LPS: Desktop, New Invoice, Property Preservation, Safeguard Property Preservation, NFR Property Preservation, LPI, DRI, Citilink, MSP, MS Project, Fiserv

EDUCATION

Devry University

Business Administration

Sigma Beta Delta Honors Society

REFERENCES

Chris McCormick

225-***-****

Additional references available upon request.

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