Kelly J. Faulks

972-***-**** acwma3@r.postjobfree.com

Mortgage Professional Underwriter III / Compliance Auditor / AML AuditorSeasoned real estate professional with 10 years of expertise; specializing in loss mitigation, loan modification, default servicing, REO foreclosure financial recovery, and settlement transactions in client relations. Seeking a mortgage career opportunity in a well-versed organization, where diversity and inclusion are paramount in all aspects of the mortgage industry allowing for enhancement and growth opportunities

Mortgage and Bankruptcy Operations Expertise, Acts, Investors & Guidelines

Proficient in Excel, Word, PowerPoint

Strong problem solving skills, basic accounting principles knowledge

Strong organizational, analytical, and time management skills

Excellent interpersonal communications skills

Fully knowledgeable of federal and state mortgage regulations including the Dodd-Frank, Financial Reform Act, Flood Disaster Protection Act, Fair Debt Collection Practices Act Service members Civil Relief Act and the Fair Credit Reporting Act

Proficient software: LPS Desktop, MSP, SharePoint, HAFA Eligibility Tool, Early Resolution(ER) Docvelocity

Conflict Resolution

Case Management

VendorScape

Microsoft Operating Systems

Project Management

Professional Experience

Consolidated Analytics

Loss Mitigation Underwriter Dallas, TX March 2016 to July 2016

Highlights:

Responsible for working with the following Government investors; FNMA, FHA, VA.

Reviewing the mortgagers 1st and 2nd lien accounts to create a solid solution which would attempt to clear the borrower’s delinquency such as a PARTIAL CLAIM, SPECIAL FORBEARANCE, IN-HOUSE MODIFICATIONS, MHA LOAN MODIFICATIONS, DEED LEIU OF FORECLOSURE, INTEREST RATE REDUCTIONS, PRINCIPAL FORGIVENESS, SHORT SALES, REFIANCE OPTIONS, HAFA SHORT SALES or REPAY TO MODIFY.

Performing a complex, and unusual review while renegotiating and underwriting the following loan types: FHA, and CONVENTIONAL.

Collecting and reviewing documentation pertaining to loan modifications such as: PAYSTUBS, BANKSTATMENTS, FEDERAL TAX RETURNS, AWARD LETTERS, 4506-T FORMS, PROFIT AND LOSS STATEMENTS, REQUEST FOR MODIFICATION AFFIDAVIT FORMS (RMAS), HARDSHIP LETTERS, DODD FRANK CERTIFICATIONS, ALL LIQUID ASSETS, and DIVORCE DECREES IF APPLICABLE.

Mortgage professional responsible for making recommendations for process improvements going forward to prevent recurrence of compliance errors and fees.

Responsible for reviewing mortgage loans for compliance with the Good Faith Estimate (GFE) and Housing and Urban Development Settlement Statement (HUD-1) requirements of RESPA.

Responsible for reviewing mortgage loans for compliance with the Good Faith Estimate (GFE), Truth In Lending Agreement (TILA), and Housing and Urban Development Settlement Statement (HUD-1) requirements of RESPA

Knowledgeable of the following and guidelines; RESPA, PRIVACY ACT, HMDA, and FDCPA guidelines.

Evaluating and examining transactions to ensure accuracy and completeness, and also preparing formal reports for review.

Assisting with re-negotiations of loans based on lending guidelines.

Calculating all taxable & non-taxable income, along with the mortgagers reported monthly expenses, debts, current Principal and interest payments, and also the current and delinquent escrow to determine if the

Digital Risk

AML Remote Compliance Auditor/Remote Dallas, TX January 2014 to March 2016

Highlights:

Performing periodic file reviews ensuring activities are reviewed in a holistic manner across the spectrum of products and services used by the customer.

Investigates potentially suspicious activity by the consumer while making risk-based SAR recommendations and preparing SARs.

Conducting initial reviews of new foreign correspondent banks (FCBs) and foreign non-bank financial institutions (FNBFIs).

Investigates potentially suspicious activities escalated by the Alert Adjudication Unit, making risk-based SAR recommendation and prepare SARs.

Detecting potentially suspicious activity when manual complex processes are needed.

Served as a resource on suspicious activity monitoring to Lines of Business by communicating AML compliance and risk management requirements and implications to multiple operations.

Making recommendations to the AML Financial Intelligence Function Manager regarding suspicious activity monitoring and investigations to ensure ongoing improvement and evolution of governance programs and practices in response to identified risks and/or gaps in the system.

Maintaining a current thorough understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities and developing trends.

Saxon Mortgage

Loss Mitigation Underwriter, Fort Worth, TX April 2013 to January 2014

Highlights:

Responsible for working with the following investors; FNMA, FHLMC, WELLS, BONY, BAC, CITI, CWL, DEUTSCHE BANK, PRIVATE, ETC.

Reviewing the mortgagers 1st and 2nd lien accounts to create a solid solution which would attempt to clear the borrower’s delinquency such as a PARTIAL CLAIM, SPECIAL FORBEARANCE, IN-HOUSE MODIFICATIONS, MHA LOAN MODIFICATIONS, DEED LEIU OF FORECLOSURE, INTEREST RATE REDUCTIONS, PRINCIPAL FORGIVENESS, SHORT SALES, REFIANCE OPTIONS, HAFA SHORT SALES or REPAY TO MODIFY.

Performing a complex, and unusual review while renegotiating and underwriting the following loan types: FHA, and CONVENTIONAL.

Collecting and reviewing documentation pertaining to loan modifications such as: PAYSTUBS, BANKSTATMENTS, FEDERAL TAX RETURNS, AWARD LETTERS, 4506-T FORMS, PROFIT AND LOSS STATEMENTS, REQUEST FOR MODIFICATION AFFIDAVIT FORMS (RMAS), HARDSHIP LETTERS, DODD FRANK CERTIFICATIONS, ALL LIQUID ASSETS, and DIVORCE DECREES IF APPLICABLE.

Mortgage professional responsible for making recommendations for process improvements going forward to prevent recurrence of compliance errors and fees.

Responsible for reviewing mortgage loans for compliance with the Good Faith Estimate (GFE) and Housing and Urban Development Settlement Statement (HUD-1) requirements of RESPA.

Responsible for reviewing mortgage loans for compliance with the Good Faith Estimate (GFE), Truth In Lending Agreement (TILA), and Housing and Urban Development Settlement Statement (HUD-1) requirements of RESPA

Knowledgeable of the following and guidelines; RESPA, PRIVACY ACT, HMDA, and FDCPA guidelines.

Evaluating and examining transactions to ensure accuracy and completeness, and also preparing formal reports for review.

Assisting with re-negotiations of loans based on lending guidelines.

Calculating all taxable & non-taxable income, along with the mortgagers reported monthly expenses, debts, current Principal and interest payments, and also the current and delinquent escrow to determine if the loan is below or above a 31% ratio before conducting the first phase of the loan modification.

MetLife Home Loans

Foreclosure Servicing Specialist Irving, TX August 2010- March 2013

Highlights:

Reviewed each account to determine if referral to foreclosure is warranted. Ensured that foreclosure is moving forward from referral to sale.

Liaison between MetLife Home Loans and the assigned attorney law firms presiding in that particular state, to assure that all documents have been received and all issues have been resolved so that we can adhere to our timeline and take the property to sale without delays.

Work closely with Loss Mitigation for delays in foreclosure process.

Prepared and submit bids on behalf of investors.

Research incoming foreclosure documents to confirm that sale dates have be scheduled and updated.

Responsible for locating and assigning foreclosure and bankruptcy documents to processors.

Ensure that documents have been setup in the correct status. Process daily incoming mail via MERS.

Responsible for contacting Homeowner's Associations(HOAs) and utility companies to request documentation, payoffs and W9s in order to disburse payments on behalf of MetLife Home Loans.

Review HOA Statutes to determine responsibilities for payment.

First American/Corelogic

Senior Loss Mitigation Specialist Westlake, TX June 2007- August – 2010

Highlights:

Reduced loss and provide alternatives to foreclosure for the borrower, bank and the investors.

Audited workout packages for accuracy and Quality Assurance.

Determined and recommended the most feasible and appropriate workout plan for the Homeowner such as; Loan Modifications, Forbearance Plans and Pre-Foreclosure sales.

Accurately underwrote the borrower's income, through the review of paystubs, tax documents, benefit statements, business profit and loss statements.

Reviewed files based on investor requirements FHA, Fannie Mae and Freddie Mac.

Actively made outbound calls to correct, and/or obtain updated information to further process current and incoming Loss Mitigation files.

Reviewed in excess of 100-150 files per day and made 30- 50 phone calls per day.

Foreclosure Specialist/ Timeline Manager

Responsible for maintaining a loan portfolio of 1,400 plus loans in various stages of foreclosure.

Liaison between our client Litton Loan Servicing and the assigned attorney law firms presiding in that particular state, to assure that all documents have been received and all issues have been resolved so that we can adhere to our timeline and take the property to sale without delays.

Certified that all required actions have taken place prior to completing a foreclosure sale

Prepared bids, payoff statements and requested Broker's Price Opinion for our client. Liaison between client and the assigned attorney law firms presiding in that particular state, to assure that all documents have been received and all issues have been resolved so that we can adhere to our timeline and take the property to sale without delays.

Education

El Centro College Dallas Texas, Associate of Arts & Sciences

Dallas, TX

Certified Credit Counselor - NFCC

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