Manager Financial Services
Resume:
David Garcia
Woodstock, IL 60098
***********@*****.***
Professional Experience
Baxter Credit Union Vernon Hills, IL
Underwriting Manager 07/2014 – Present
U.S. Markets & Puerto Rico - IL, WI, MO, FL, IN, AZ, NY,NJ, TX, FL, CA, MA, IN.
Responsible for the staffing and development of underwriting, training and processes flows and/or transformations of all consumer loans as well as the LOS rules for auto decisioning on all consumer products.
Increased the automatic loan decisioning engine (ALD) from 25% in 2014 to 51% as of 2016.
Increased TAT/TIQ(turn-around time) 78% in auto loans(20min to under 5min) and 75% in credit cards(19 hours to under 4hours) without increasing headcount.
Automated 51% of consumer loans while lowering DQ over .25 bps of total portfolio (lowest in BCU history since 2004).
Underwriter of all Business Development jumbo loans >2 million; 100% sold on secondary market underwritten to multiple investors and portfolio.
The department had the “most improved” NPS rating from 2014-present 30% increase; customer service is our priority
Responsible for both Direct Auto Loans & Indirect Dealer Auto Loans, setting up dealerships onto CUDL platform and setting the bps payout % of all dealers while increasing IRR
Indirect auto loan growth of 150% since my hire date; 2 year period to change the strategy.
Set-up the automatic loan decisioning engine in Indirect (CUDL/lending 360) with 35% auto decision; plan is to match Direct ALD at 51%.
Wrote rules in the LOS for fraud, losses and while saving over 500k YTD (Jan 1, 2016- May 31, 2016) due to these rules (i.e., Red Flag rules, BCU loss rules, ITIN rules).
Responsible for all check and balances of rules written; validating performance of rules and employees with underwriting authority (Per product, risk tier, footprint area and risk appetite).
AMIG Milwaukee, WI
Contract Regional Underwriting Manager 08/2012 – 06/2014
U.S. Markets - IL, WI, MO, FL, IN, AZ, NY,NJ, TX, FL, CA, MA, IN.
Responsible for the staffing and development of underwriting, processing and closing departments.
Managed the underwriters, processors and coordinators throughout the entire loan processing, closing and selling cycle utilizing 12 direct report to effectively monitor growth and accountability.
Trained Underwriters/Bankers in the corporate office once a month in order to increase productivity, increase market awareness changes and correct internal problems prior to funding loans.
Audited for compliance to lending regulations and criteria’s updating standards as necessary.
Implemented and executed strategic plans for market penetration including automated underwriting platforms, imaging files technology and Jumbo loan delegation with in-house approval authority of 5 million per unit.
Managed vendors and upheld relation in regards to the closing, and selling of all secondary market loans.
Determined metrics for future lending platforms including; HELOCS, personal loans and auto loans
Underwriter for Commercial, AG, Co-Ops, Jumbo’s, FNMA, FNMC, FHA while having no buy-backs.
Held a volume of 140-150 units underwritten per month while managing all other aspects of the job.
M&I/BMO Bank Schaumburg, IL
Emerging Markets Coordinator/Sr. Underwriter 08/2010 – 08/2012
U.S Markets - IL, WI, MO, FL, IN, AZ.
Underwriter for FNMA, FNMC, FHA, AG and Portfolio products-highest performer.
Trained all F&I management and audit loans to investor specifications TILA RESPA ECIA with regard to industry standards for conforming (DU/LP) and FHA/VA/WHEDA/COMMERCIAL Lending.
Set up business to business relationships while tracking risk retention and 30*60*90* DQ on all soft seconds.
Managed all states grants/soft seconds programs while increasing low to moderate lending thought the states, using HUD and investor approved products.
Trained and supported sales staff, implementing training strategies for both our customers and the business bankers on the new programs guidelines and specifications.
David Garcia Page Two
The Lending Associates and Financial Services Racine, WI
Operations Regional Underwriting Manager 02/2003 – 07/2010
Held this position in conjunction with the position at Tri State Mortgage and Financial Services. Tri State Mortgage and Financial Services was the parent company for The Lending Associates and Financial Services.
Supervised and approved the selling of mortgage loans (secondary market); conforming, Alt-A loans with an emphasis on internal auditing in regards to TILA, RESPA, ECIA as well as investor specifications and HUD regulations.
Passed all internal audits per FDIC and State regulations each and every year.
Trained all personnel: underwriters, supervisors, managers and loan officers in the processes relating to selling mortgages in the secondary market.
In charge of all loss litigation files and the selling of them on the secondary markets and mediation including all PMI claims and bankruptcy’s (collection department).
Audited for the integrity of the regional portfolios through proactive adherence to investor and government loan policy, authorized for exceptions up to five million.
Monitored the delivery of accurate financial and risk analysis; flow and bulk methods using current compliance methods and corrective adhesion to new HUD regulations.
Trained underwriting managers in the preparation of complete and accurate credit and collateral submissions while adhering to investor guidelines.
As the acting BSA of The Lending Associates, managed a line a credit of ten million per office, five offices while having zero buybacks and a portfolio rating of AA.
Monitored all broker relationships including any and all watch list, updating performance in order to deviate from unwanted fraudulent lending or increasing risk rating on portfolio. This included termination of relationships for any deviation from our or our investor’s guidelines.
Tri State Mortgage and Financial Services Racine, WI
Operations Regional Sales Manager/Sr. Analyst-Credit Risk 02/2002 – 03/2008
Managed a Mortgage Brokerage of over 80 employees.
Audited for the integrity of the regional portfolios through proactive adherence to investor and government loan policy while auditing files.
Set up all correspondents for bulk or flow while monitoring the delivery and accuracy of the financial and risk analysis per flow and bulk methods.
Managed all risk related collection accounts until foreclosure/modification in order to protect investor relations and avoid any and all watch lists, CRA and loss reports.
Implemented policies on commercial/conforming underwrites with regards to investor relations and government requirements while keeping an AA rating on our loan portfolios.
Responsible for training, licensing, auditing files, including setting up customer relations.
Managed the process and implementation of RESPA/TILA/HVCC/ECIA and Patriot Act with regards to current and past growth strategies.
Mid-Continental Mortgage, LLC. Waukegan, IL
Branch Manager 04/2000 – 01/2002
Managed a growing brokerage and was solely responsible for all new business development with a strong emphasis on commercial lending.
Duties included setting up brokers, training account executives and building platform matrixes for all programs approved by investor and government guidelines.
Grew the office size by 400% within the first six months, one year ahead of schedule and launched the start of a second company “Tri State Mortgage”.
Associates Financial Services, Inc. La Brea, CA
Branch Manager 05/1995 – 03/2000
Managed a financial office with the responsibilities of selling mortgages, personal loans, insurance and repossessions.
Involved in all collections from 30-days to foreclosures and/or repossession.
This company ranked me number one four years in a row with over 25,000 employees.
Education
University of Wisconsin-Parkside
Bachelors of Science in Business Administration with a Concentration in Finance, Cum Laude
Skills
Calyx Point, Excel, Ackcelerant, Encompass and FNMA (DU)/FDMC (LP), Total Score Card
DE license for FHA, Set-up Automatic Decision Engines with over 15 years in the mortgage industry underwriting and managing credit risk
Fluent in Spanish - Reading/Writing
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