Basmatia Deonath, MBA, CFE

954-***-**** • ad4acz@r.postjobfree.com

Summary

Career-minded professional with proven management and communication skills including excellent work ethics.

Skills

Business ethics and integrity Effective communication and leadership

Knowledge of Risk Assessment Business and internal control analysis

Experienced in OFAC reviews Marketing & Advertising review

Research and compliance Efficient in Microsoft Office

Experience

Business Risk & Control Analyst- TSR Consulting/CitiBank Oct 2022-Dec 2023

•Review FinCEN Form in a timely manner according to Financial Rule

•Audit files according to bank guidelines, policies, procedures, state and federal laws.

•Utilize knowledge and skill to conduct in-depth research in one or more of the regulatory, policy, investigative or other pertinent functions of FInCEN. Provide recommendation for risk control.

•Report control testing to management

Sr. Quality Control Analyst/Compliance Auditor ll- Xactus LLC March 2021 – July 2022

•Audit loans according to guidelines including FHA, FNMA, USDA, VA within timeframe.

•Calculate income, assets, liabilities and analyze credit reports and other qualifying documents.

•Determining audit findings and reports and present issues to discuss practical cross functional solutions and recommend appropriate solutions to risk and control issues.

•Knowledge of financial and non-financial risks, internal audit standards, policies and procedures

•Manage regulatory and policy requirements and project developments including TRID.

•Communicate with management and internal staff to provide coaching with team members.

•Escalate and report control issues and maintain accountability, recommend improvements to controls, practices and procedures for efficiency and accuracy.

•Support departments for FLOD Testing and validation for risk controls. Provide evaluation and recommendations.

•Conduct internal/google research, in order to validate KYC records.

Mortgage Underwriter- PennyMac Mortgage Corporation Sept 2020-March 2021

•Review mortgage applications and documentation for accuracy and completeness Provide support for FLOD for testing and validation of information.

•Review and complete fraud and red flags

•Knowledge of mortgage lending laws and regulations

•Experience in Encompass automated system

•Monitor, assess and recommend solutions to emerging risks

•Critical thinking, problem solving, mathematical skills, and sound judgement.

•Team player, delivering timely and accurate information in a fast-paced environment.

Mortgage Underwriter - Neighborhood Assistance Corp. of America Jan 2020 -Sept 2020

•Underwrite files for counseling qualification based on NACA character-based lending criteria.

•Verify documents for accuracy and completeness.

•Work with lender/bank to obtain credit and income qualification.

•Adhere to guidelines, policies and procedures.

•Determine and communicate with Housing Counselors

•Assist in outreach programs for low-and-moderate income individuals.

Credit/Risk Analyst- First Data Corporation June 2019- Dec 2019

•Undertaking credit analysis and underwriting activities, evaluating financial and credit worthiness, for prospective and existing commercial / new merchant /portfolio accounts

•Conducting financial analysis, determines risk of default, downgrade/upgrade risk rating.

•Review financial statements, cash flow and credit reports (business and personal) to assess the credit worthiness of prospective clients.

•Prepare underwriting documents for management review on accounts exceeding standard risk thresholds. Support FLOD testing an validation of controls.

•Coordinate risk assessment and mitigation efforts with other areas of the business such as Sales, Compliance, Legal, Operations, Client Services, etc.

•Complete special projects as assigned.

•Exercise discretion and independent judgment in making decisions and interact effectively and positively with all levels of personnel, partners, and vendors.

Sr. Regulatory Specialist ll- Lennar Corporation/Eagle Home Mortgage April 2016 – Feb 2019

•Review and approve marketing and advertising articles/blogs/flyers to ensure compliance.

•Monitor federal, state and agency rules and regulations to provide compliance guidelines for implementation of change.

•Experience in writing and submitting premarket submissions to regulatory agencies.

•Review OFAC reports and add conditions to loan files.

•Knowledge of compliance, processing, underwriting, internal auditing, quality control, and market strategy. AML/KYC

•Research and evaluate complex compliance issues within the company.

•Conduct compliance monitoring and preparation of federal and/or state audits, regulatory examination and quality assurance review

•Strong analytical skills, able to identify root cause and operational solution.

Underwriter- Equity Mortgage Bankers, LLC December 2014 – May 2015

•Underwrite residential loans according to FNMA and investor guidelines.

•Ensure all files are reviewed to meet state and federal compliance regulations.

•Assist MLO in structuring loans according to guidelines and borrower’s needs.

•Ensure all mortgage documents are completed and verified through third-party systems to obtain regulatory reporting including HMDA, ECOA

•Reviewed current controls in place to identify any potential gaps in coverage.

•Provided value-added insight and suggestions on how to implement corrective measures.

Underwriter- Digital Risk, LLC June 2014-Nov 2014

•Underwrite and approve FNMA and MHA loan applications.

•Calculate Wage earner, self-employed, pension, and SS income utilizing accounting tools.

•Calculate LTV and review appraisal.

•Ensure that all disclosures are in compliance with State and Federal regulations.

Customer Relationship Manager 11- Bank of America May 2011 – Nov 2013

•Review and underwrite mortgage loans to determine marketability and eligibility according to bank and investor guidelines.

•Evaluate loans to ensure underwriting and regulatory compliance and provide reports of deficiencies and areas of improvement. Maintain a pipeline of over 30 loans each month.

•Utilize and troubleshoot proprietary AUS systems to facilitate loan approval process.

•Proactively worked to resolve client issues in accordance with bank procedures.

•Ensure compliance procedures by implementing legislative and regulatory process to meet bank processing methodology.

•Contracted through Aerotek from July 2010 to March 2011

Underwriter/Manager- Vadis Mortgage Corporation Jan 1996-Mar 2010

•Participate and co-ordinate project activities regarding strategic plans, data documentation, and problem resolution.

•Implemented cost effective opportunities and reduced cost of operation.

•Provide strategic direction/training to personnel to ensure organizational goals, policies and procedures.

•Conduct internal audits on previously decisioned loans to ensure compliance.

•Review operational performance to ensure compliance with HUD, VA, FNMA guidelines.

•Build relationships with departmental and financial leaders to enhance business opportunities.

•Demonstrate unquestionable business ethics and integrity.

•Review and underwrite mortgage loans to determine marketability and eligibility according to bank and investor guidelines.

Education/certification

Master of Business Administration, (MBA) University of Phoenix, May 2012

Bachelor of Science (BS) Business Management, University of Phoenix, June 2009

CFE – Association of Certified Fraud Examiner April 2018

Six Sigma Green Belt – Aveda Business Institute, Miami FL. June 2014

HUD Counseling Certificate (Dodd Frank Act) July 2015

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