Monica Phillips

Post Closing Purchase Clearing Pre purchase Audit

Plano, TX 75093

ad2xyx@r.postjobfree.com

972-***-****

Correspondent Lending Post Closing Pre Purchase clearing Analyst with over 5 years industry experience including retail and wholesale loan processing from initial application to funding. Post closing file audit review, and delivery. Satisfying investor suspense items, pre purchase and post closing loan audit, loan

documentation audit processing, purchase clearing, loan processing, underwriting guidelines, closing, collateral review and tracking. TRID and RESPA compliance. Proven ability to review, resolve conditions and move loan files quickly.

Authorized to work in the US for any employer

Work Experience

Pre Purchase Auditor Post Closing

Gateway First Bank - Dallas, TX

September 2019 to Present

Correspondent lending pre purchase auditor. Responsible for full and complete audit of mortgage loan files prior to purchase on secondary market. Review mortgage loan files for regulatory compliance and compliance with investor guidelines. Conventional, FHA, VA loan review from initial application and loan processing to funding and post close documentation. Review initial and final 1003, disclosures, DU, AUS, LP, income, assets, appraisal, final inspections, loan estimate, COC, initial and final closing disclosures, title, escrows, final docs, Note, Deed of Trust. Ensure files processed and closed adhering to TRID, RESPA guidelines. After a complete loan audit, responsible for issuing conditions for missing documentation and/or approving loan file for purchase following a satisfactory review. Purchasing Specialist

Caliber Home Loans, Inc - Coppell, TX

October 2018 to September 2019

Correspondent lending post closing purchase clearing analyst. My duties include loan file review and delivery to correspondent lenders including all documents to satisfy investor's pre purchase checklist, as well as monitoring pipeline for investor suspense conditions. Provide documentation to satisfy investor conditions. My loan processing background was useful in correcting loan level issues. Review and correct underwriting issues. Review AUS, LP findings provide supporting documentation. Collateral review and tracking. Ensuring TRID RESPA compliance. Reviewing loan files ensuring closing documents were properly executed, checking escrows set up correctly and IEADS is correct along with appraisals and final inspections as well as all other aspects of possible loan level issues. Satisfy all correspondent conditions to get the file purchased. Purchase Clearing Specialist

Supreme Lending - Addison, TX

March 2017 to September 2018

Satisfying suspense conditions with correspondent banks. Facilitate all aspects of post-closing including file audits, collateral review and tracking, monitoring pipeline for investor suspense items. Verify investor conditions are valid. Provides supporting documentation to satisfy investor conditions including post closing resolution or post closing underwriting issuing Post Closing CD and or corrected AUS/LP to resolve loan processing, underwriting, or closing issues. Collateral review and tracking. Communicating with correspondent investors to satisfy all post-closing and pre purchase audit discrepancies. Monitors pipeline to ensure timely review and completion of investor suspense items. Verifies all stipulations are valid and resolved to ensure loans are saleable and purchased. Sr. Mortgage Loan Processor

Genpact Mortgage - Richardson, TX

June 2015 to March 2017

Process Mortgage loan purchase and refinance from application to closing. Documenting loan conditions and communicating requirements and/or decisions. Communicate with loan applicants, loan officers/originations, Underwriters and closing to collect, verify and process all mortgage loan documentation and prepare files for closing.

DUAL ROLES Moved to the post closing side.

Loan Collateral Delivery Specialist/Compliance auditor ● Responsible for auditing each loan file for accuracy and completeness. Perform post-closing loan review/audit, complete checklist review per investor requirements and guidelines, confirms loan package compliance and regulatory issues are satisfied. Conduct final quality control review. Prepares files for delivery to investor/agency in a timely manner.

• Deliver Cash Whole Loans and MBS Pools to Agency investors: Fannie Mae, Freddie Mac, and Ginnie Mae.

• Validates loan data for accuracy including special feature codes.

• Import Data file or enter data into investor's loan delivery systems via Fannie Mae's loan delivery system, Ginnie Mae's Ginnie Net, and Freddie Mac's selling system.

• Review of all system edits for agency loans correct fails, and deliver passes.

• Communicate delivery information with Operations dept. and Secondary marketing team. Temporary Project

Capitol One - Plano, TX

May 2014 to May 2015

Performed detailed post closing quality control review to ensure all documents were properly executed. Verify all closing documentation is received and complete. Ensure that terms, rates, loan amounts, borrower information, and all loan documents are received and imaged. Detailed loan file audit prior to loan set up, boarding and servicing. Mortgage Loan Processor

JP Morgan Chase - Lewisville, TX

January 2010 to May 2014

Compiled, verified, imaged, and submitted loan applications for underwriting approval. Processed loan Modifications in VLS and MSP systems. Verified that applications were complete and according to standards. Wrote new loan processing procedures. Trained new hires. Obtained property abstracts, surveys, appraisals, final inspections title, income, employment, asset documentations etc. Submitted detailed weekly reports to management. Ensured loan files were within designated

SLA. Communicated e actively with clients during the processing and or modifications process.

• Highly effective in researching and processing mortgage loan packages Mortgage Loan Processor

Bank of America - Plano, TX

September 2008 to January 2010

Worked long term temp projects as an accounting clerk for accounts payable at an engineering firm and later mortgage loan processing at Bank of America. Mortgage Loan Processor

Wells Fargo - Overland Park, KS

May 2005 to August 2008

Responsible for all aspects of loan processing from initial file submission and approval to closing and funding.

Communicated with borrowers, brokers, loan o icers of file status and approval conditions. Ordered and evaluated appraisals, titles,

VOE, VOM. Perform pre closing audit of all loan files. Ensuring all underwriting conditions have required documentation prior to final submission to underwriting. Working with closing department and title companies to close and fund loans. Education

Some College

Skills

• Mortgage Loan Processing (10+ years)

• Collateral review, delivery, and tracking (10+ years)

• Underwriting guidelines (8 years)

• Post Closing Audit (4 years)

• Compliance (5 years)

• Post Closing Review (4 years)

• Correspondent Lending (4 years)

• Capital Markets (4 years)

• Due Diligence (4 years)

• Post Closing Resolution (4 years)

• Purchase Clearing (4 years)

• Loan Delivery (4 years)

• Pre Purchase Audit review (4 years)

• Clearing investor suspense items (4 years)

• Quality Control

• Microsoft Office

• Purchasing

• QA/QC

• Quality Assurance (4 years)

• Auditing (4 years)

• Microsoft Outlook

• Purchasing

• QA/QC (4 years)

• Quality Assurance

• Microsoft Excel

• Fair Housing Regulations

• Underwriting

• Microsoft Word

• Time Management S k ills CORRESPONDENT LOANS COMPLIANCE TRID & RESPA GUIDELINES ENCOMPASS QUALITY CONTROL QUALITY ASSURANCE FILE AUDIT DOCUMENTING UNDERWRITING LOAN DOCUMENTATION CLOSING PIPELINE REVIEW LOAN PROCESSING DUE DILLIGANCE MORTGAGE LOAN RESOLUTION OF LOAN LEVEL ISSUES APPRAISAL REVIEW INTERNAL/EXTERNAL PARTNERS SECONDARY MARKET POST CLOSING RESOLUTION CAPITAL MARKETS

• TILA

• RESPA

• TRID Compliance (5 years)

• Encompass (5 years)

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