Real Estate Loan
Resume:
Linda Imerti
*** **** **. ********, *** York ****0 516-***-****) Cell 516-***-****
acznsq@r.postjobfree.com
Summary
Career Banker, with extensive knowledge of loan closings of real estate, equipment financing and C & I, loan administration, loan documentation and collateral management related to Commercial Loans, Real Estate, Equipment Financing, Securitization Lending, Project Finance and Telecom Media with additional skills in training and supervising/motivating support staff.
Bethpage Federal Credit Union
Residential Mortgage Loan Closer (Temp)
November 2016-Present
Prepare files that are clear to close by going into Prime Alliance and printing out necessary documents to be verified for expiration dates such as credit reports, verification of employment, appraisals, etc.
If documents have expired such as verification of employment, flood certs, credit reports, etc., contact the broker or the administrator handling the file at the credit union to obtain updated documents
After documents are reviewed create the Loan Estimate Disclosure for Borrower listing all fees and costs due at closing
Contact Attorney for their closing disclosure statement and copy of title bill
Create Closing Disclosure, listing all final fees and cost due at closing, check for tolerance on fees and if adjustment needs to be made to LPC (Lenders Paid Commission)
Send Closing Disclosure to Borrower
Create loan documents in Prime Alliance
Once documents are created send off to attorney’s office for closing
Wire loan proceeds or deposit monies to attorney’s account for funding
Capital One Bank
Syndication Loan Closer Associate
November 3, 2015-August 2016
Review Loan Documentation for all loan closings and amendments, such has credit agreement, promissory notes, guaranty’s, amendment, security agreements, etc.
Coordinate with Underwriters and Relationship Managers on closings with the needed information such as organizational documents, org charts, etc. and fees
Monitor Pipeline for all upcoming closings
Prepare closing statements and coordinate with title company on funds being disbursed if Real Estate Loan
Collect all information for 3rd party fees to be added and collected for settlement state
Prepare out going wires for investors on deals with regards to fees collected
Perform loan disbursements to Borrower by way of wire or credit or DDA Account
Review all post-closing documentation for accuracy and follow up on recorded documents items such as UCC Recordings, Recorded Mortgage, etc.
Assist with the writing of procedures, new forms and checklists to be used for loan closings
First Central Savings Bank
Assistant Loan Manager/Loan Closer
May 2013-September 2015
Loan Closer 09/01/2013-09/2015
Closing Coordinator, clear loans to close, set up loan closings, prepare settlement statements missing documents needed to close loan, verify escrow to be collected, review documentation prior to loan closing
Assist lenders with gathering of information for loans which have been approved, so as to bring them to closing in a timely manner.
• Attend Loan Closings to ensure loans are closed in accordance with Bank’s Lending Policy and approval guidelines
Loan Processor/Supervisor
05/13/2013-09/01/2013
Performed OFAC and AML checks on all new Borrowers and Guarantors
Prepared CRA Report, HMDA-LAR REPORTS
Responsible for daily reconciliation of GL accounts.
Prepare Commitment /Modification Letter to Borrower and assist with the structure of the credit
Prepare in-house Loan Modifications, Line of Credit Documents, Credit Agreements and Satisfactions
Prepared Loan Documents for all loans closed in-house such as equipment financing and commercial/industrial loans
Monitor all Holdback Escrow Accounts (violations, outstanding items of property repair or other matters)
Ordered title reports, environmental reports, run credit reports, flood searches and GEO Maps
Review of Appraisals and Phase 1 Reports
Created Pipeline Report to monitor stages of the loan process pre-closing
Prepare month end and quarterly bills related to commitment and facility fees and letters of credit.
Prepare UCC’s 1’s and 3’s online
Post-closing review of loan documentation, ensuring that the Bank’s interest was perfected and loans were closed in accordance with loan approvals
Responsible for imaging of legal documents into Synergy (Document Imaging System)
Follow up for receipt of recorded mortgages, UCC’s and any additional items due post closing
Wrote procedures for imaging of documents, safekeeping and post-closing review
Annual Review of Loans with regards to obtaining all updated financial information
Valley National Bank
Documentation Admin
January 2013-May 2013
Prepare loan documents for commercial and industrial loans and tax medallions
Filing UCC’s 1 and 3’s using ILien UCC Filing System
Review maturity report for UCC’s coming up for renewals
Processed UCC 3 terminations on all paid off loans
Hanover Community Bank
Loan Operations/Closing Coordinator, AVP
August 2010- November 2012
Co-ordinate Loan Closings with attorney, prepare settlement statements, review legal documents pre/post- closing, calculate escrow for taxes and insurance and clear loans to close
Responsible for new loans, participations purchase transactions, payments and draws.
Prepare loan funding tickets
Daily review of all loan reports and EOM reports
Daily review of payment posting report, delinquent loan report, insurance expiration, ticklers and LOC
Prepare end of month reports for management such as maturities and renewal of loans, new loans, call code report, certifications of GL Accounts for Loans and various Compliance Reports for regulatory purposes
Performed OFAC and AML checks on all new Borrowers and Guarantors
Prepared CRA Report, HMDA-LAR REPORTS
Responsible for daily reconciliation of GL accounts.
Prepare Commitment /Modification Letter to Borrower and assist with the structure of the credit
Prepare in-house Loan Modifications, Line of Credit Documents, Credit Agreements and Satisfactions
Attend Loan Closings to ensure loans are closed in accordance with Bank’s Lending Policy and approval
Monitor all Holdback Escrow Accounts (violations, outstanding items of property repair or other matters)
Ordered title reports, environmental reports, run credit reports, flood searches and GEO Maps
Review of Appraisals and Phase 1 Reports
Created Pipeline Report to monitor stages of the loan process pre-closing
Prepare month end and quarterly bills related to commitment and facility fees and letters of credit.
Escrow analysis and payment of real estate taxes both for commercial and residential
Monthly check for renewal of collateral insurance
Established tickler system for time sensitive items such as insurance, UCC’s and time sensitive documents
Prepare UCC’s 1’s and 3’s online
Post closing review of loan documentation, ensuring that the Bank’s interest was perfected and loans were closed in accordance with loan approvals
Responsible for imaging of legal documents into Synergy (Document Imaging System)
Follow up for receipt of recorded mortgages, UCC’s and any additional items due post closing
Wrote procedures for imaging of documents, safekeeping and post closing review
Annual Review of Loans with regards to obtaining all updated financial information
Responsible for delinquent accounts, work with borrowers for solutions and have knowledge of Foreclosure process for commercial and residential properties
Fairway Capital Partners (Distressed Asset Real Estate Fund)
Distressed Asset Servicing Manager
September 2008-June 2010
Established Distressed Assets Loan Servicing Department.
Responsible for writing procedures, implementation of new mortgage loan servicing system, file maintenance, and reviewing and scanning of all legal documents.
Responsible for all legal documentation preparation and review.
Prepared using Excel Spreadsheet end of month reports for Investors and Management
Researched missing legal and recorded documentation related to purchased and foreclosed loans for attorneys and title companies; provided closing attorneys with statements and documents requiring signature/notarization; provided foreclosure documents and computed monies due from borrowers for attorneys.
Created tickler system for all time sensitive documents, i.e., insurance, taxes due and UCC expirations.
Responsible for entering all loans into mortgage system, applying charges to loans for legal fees, charges disbursed by Fairway Capital on behalf of borrowers, property tax payments and payment processing.
Responsible for researching property taxes due, tax liens and processing of property tax payments.
Created Escrow Analysis system.
Responsible for the payment and cancellation of HOAs, utility bills and opening of accounts for utilities (water, gas and electric) on foreclosed properties foreclosed.
Responsible for delinquent accounts collection.
Negotiated forbearance, short sales and refinancing agreements with borrowers.
Knowledge of foreclosure laws in Atlanta, New York, Rhode Island, Massachusetts and California.
NYS Licensed Notary Public.
BNP Paribas Bank, Americas
Sr. Loan Administrator
BayernLB (March 2007-September 2008)
Responsible for new loans, participations purchase transactions, payments and draws.
Responsible for booking, pay downs, drawdowns and payoffs of approximately 100 securitizations loans.
Processed loans and Payoffs in various foreign currencies
Processed loans pertaining to Secondary Loan Trading, selling and purchasing
Performed daily reconciliation of GL account.
Assist account officers and banks in day to day activity of loans; assist other department personnel as needed
Prepared month end and quarterly invoices related to commitment fees, facility fees and letter of credits.
Prepared all breakage cost notifications to participant banks.
HSBC BANK USA N.A. NEW YORK NY
Assistant Vice President/Sr. Support Loan Administrator
Commercial Real Estate Department (2006-January 2007)
Supervised Loan Administration staff.
Co-ordinated loan closings with attorney’s with the preparation of the settlement statement, funding of the loan and review of legal documents, ensuring loan closing in accordance with Bank approval
Maintained Commercial Real Estate and Secondary Market loans (Freddie Mac and Fannie Mae).
Ensured all new business brought to the bank were transacted in a timely fashion.
Maintained new business inquiry log and pipeline; ordered appraisal, engineering, environmental, and credit reports as well as documents required for credit approval and closing.
Tracked and prepared report of condo sales and release prices.
Prepared EOM Reports for Management’s review
Applied condo sales funds and prepared condo releases.
Prepared EOM reports related to all loans (closed and not closed).
Created department procedures related to AML and Special Category Customer reviews and investigations.
Partnered with Compliance Department to ensure adherence to policy with regards to OFAC and BSA.
STERLING NATIONAL BANK NEW YORK NY
Assistant Vice President/Loan Documentation Specialist
Legal Department (2005-2006)
Scheduled and Attended loan closings on behalf of the Bank to secure properly executed loan documentation.
Prepared Settlement Statement on loans
Prepared Middle Market and Asset Based lending loan documents.
Prepared Loan documentation by using the Medici Loan Documenter System.
Performed post closing audit of loans closed by outside counsel to ensure that the loan was closed in accordance with credit approval and that the bank’s interest was perfected.
Created in-house user manual for the Medici Loan Documenter System.
DRESDNER KLEINWORT WASSERSTEIN New York, N.Y.
Assistant Vice President /Sr. Loan Compliance Officer
Agency Services & Compliance Group (2000-2005)
Supervised Compliance Department staff.
Responsible for all fiduciary compliance to member banks on all syndicated transactions.
Performed compliance reviews of all loan accounts and maintained the safekeeping of all loan documents and collateral.
Ensured that the banks security interest was perfected.
Performed internal audits of all loan documentation including search to confirm bank’s perfected security interests
Interfaced with lenders and internal and external attorneys to resolve documentation issues.
Maintained all time sensitive items, i.e, insurance and UCCs.
Filed original and continuation UCCs using ILIEN (on line UCC tracking service).
Reviewed AML and Special Category checklists to ensure that the bank’s practices were in accordance with Compliance Department policies and procedures.
Prepared Documentation/Collateral Exception Report to be distributed to lending areas
Notary Public, Intra-Links Posting, experienced in AML and OFAC Procedures, Familiar with Reg’s B, C and Z Truth in Lending, knowledge of the Privacy Rules
Data Processing Skills: Fivserv, Midas; Vertex; Microsoft Office; Lotus; Outlook; Lotus Notes ;ACBS Loan Syste
AS 400 (McCracken/Jack Henry), Applied Business Software Mortgage Office
Worked at European Banks in Loan Operations where worked closely with foreign exchange departments both in the US and London
Knowledge of SBA Loan Servicing, Documentation and Administration have worked with Coastal Securities f/n/a Government Securities in conjunction with sales of SBA Loans
References upon Request
Left Dresdner due to downsizing and was offered job by Sterling National Bank.
The position at Sterlng was a newly created position involving the preparation of loan documentation on a system they had just purchased Medici.
I was in the legal department working with an attorney preparing loan documents for C&I and Factoring Loans.
The attorney I was working with was not happy with her position and was planning to leave.
At the same time as this was going to happen HSBC had approached me after seeing my resume on Monster.
I took the job at HSBC and it was not a good fit. I was hired to bring my experience to the bank and change some of the procedures. My manager resented that and it was a mutual decision to part ways.
I was hired on at BNParibas when they were located in Midtown Manhattan.
Soon after working there it was announced they would be moving to Jersey City.
I did the commute for a while but it was too long of a commute and at different periods when we would be working late would not get home until 11:00 or 12:00 at night.
I resigned and started temping until I found Fairway Capital which was a private real estate investment firm which purchased distressed assets all of the United States.
I was there until the partnership broke up and was offered to go to Atlanta with the one partner but chose not to.
The company then basically went out of business and I was laid off.
I went to Hanover Community Bank and was in charge of Loan Servicing/Administration.
The banks primary loans were real estate, there I worked on closings with the attorneys, pre-closing and post-closing review of documents and then the loan servicing portion.
Super storm Sandy hit and my home was destroyed and also there was a change in management when I decided to leave and not go back to work until my home was in order.
I am currently employed at FCSB as Loan Administration Supervisor but feel there is no
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