Due Diligence Quality Control

TOMIL HOOPER

ad5p05@r.postjobfree.com

Objective: To obtain employment where I can utilize my professional experience in Mortgaging, Sales, Management and Processing

Qualifications: Experience with Conventional, FHA, VA, and Desktop underwriter. Maintain stressful situations, meet deadlines, manage time well and dependable. Leverage Six Sigma techniques to engineer process design.

Professional Summary:

Compliance and Operations professional with comprehensive knowledge and understanding of BSA/AML, USA Patriot Act, RESPA, HOME LOANS OFAC and Risk Management principles.

Conducted enhanced due diligence investigations of Commercial and PEP transactions.

Responsible for developing, implementing and monitoring a risk-based program to identify, assess and mitigate any operational risk that arises while maintaining a balance between risk mitigation and operational efficiency.

Performed various quality control reviews and monitoring of BSA and USA Patriot Act, for Anti-Money Laundering, KYC, OFAC and CIP compliance using industry standard and regulatory sampling methodologies and SARs.

Technical Skills: Host, Actimize, Image Soft, Acquire, Teradata, Iris, Veritax, CALYX Point, Genesis, AS400, Edge, Encompass, Mortgage Ware, Gallagher, Clues, loan Prospector, Microsoft Word, PowerPoint, Excel, Lotus Notes, Microsoft Outlook, Data Verify, Fraud predator.

Available to interview and start immediately.

Job Related Summary:

10+ years of experience in performing Customer Due Diligence (CDD).

10+ years of experience in analyzing and performing compliance of laws applicable to money laundering, including Suspicious Activity Report (SAR) Filing, BSA/Patriot Act, Anti-Money Laundering (AML), and Know Your Customer (KYC).

7 years of experience conducting Due Diligence for Commercial Credit Accounts, completing PEP and control reviews of accounts for BSA, USA Patriot Act, OFAC and CIP compliance.

10+ years of experience in the Financial and Banking Industry.

7 years of experience in the Commercial Credit Industry.

Excellent communication and interpersonal skills. Employment:

BMO Harris - Chicago, IL 09/2018 – current

SR Compliance Analyst

Well versed in completing and reviewing Enhanced due diligence investigations

Onboard and package documentation and information on a diverse group of customers’ accounts and monetary

Transactions in accordance with Federal regulations and specific bank requirements, standards and processes

Responsible for preparing and submitting documentation of findings for each individual review including a detail

Recommendation for further action to Senior VP

Researched client information via Google, Bloomberg and Lexis Nexus

Review and update KYC files with missing and updated information to satisfy Compliance requirements

Submit PEP's to compliance after identified to be added to SDN list

Contact Relationship Manager for further information when EDD is conducted

Trained new employees on the various tasks and daily systems Wells Fargo, Hoffman Estates, IL

Commercial Loan Processor / Operation Risk Consultant/Onboarding 05/2017 – 5/2018

Conducted enhanced due diligence (CDD/EDD) investigations of Commercial transactions examining the customer in high risk jurisdictions.

Analyze and process complex participation/syndication loans.

Responsible for developing, implementing and monitoring a risk-based program to identify, assess and mitigate any operational risk that arises from inadequate or failed internal processes, people, systems or external events, while maintaining a balance between risk mitigation and operational efficiency.

Perform various quality control reviews and monitoring of BSA and USA Patriot Act, for Anti-Money Laundering, KYC, OFAC and CIP compliance using industry standard and regulatory sampling methodologies and SARs.

Provide oversight to an operational risk program. Works with assigned business units and provides operational risk expertise and consulting for projects and initiatives with moderate to high risk.

Provide senior-level support for systems security-related issues.

Develops testing strategies and methodologies; evaluates the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; analyzes business and/or systems changes to determine impact; identifies and assesses operational risk issues and assigns risk ratings consistent with established policy standards.

Consults with LOB to develop corrective action plans and effectively manage change. Identifies training opportunities; may coordinate the development of training materials and delivers training.

Reports findings and drafts recommendations to mitigate risk to operational risk and business line management.

Production of periodic operational risk performance reports for senior management, including trend analysis and recommended strategies. JP Morgan Chase, Chicago, IL

Commercial Loan Processor

12/2016 – 5/2017 (Initially 3 months contract and it was extended to 6 months)

Set up and funded new loan bookings, renewals, and modifications on commercial loan system.

Analyze and process complex participation/syndication loans.

Ensured funding and related offsets in general ledger are in compliance with daily procedures.

Processed payments, rate resets. And quote payoffs.

Processed miscellaneous debits and credits as they relate to loan disbursements.

Researched detailed requests from the line of business partners related to processed transactions.

Processed maintenance to system related to normal accrual and non-performing loan transactions.

Worked with variable rate changes and re-amortization.

Verified all documentation for accuracy and completeness and completed due diligence.

Assisted in reviewing loan accounts, calculating variable interest and updating amortization schedules using Excel.

Supervised and trained other loan processors on the team.

Calculated manual accrued interest.

PNC Mortgage, Downers Grove, IL

Compliance Auditor / Commercial Loan Processor

09/2016 - 12/2016

Review, analyze and make final determination on subordination approvals.

Collaborate with team members to identify potential suggested solutions/exceptions to qualify a borrower for a second lien subordination approval.

Daily communication with Title Company, mortgage lender and operations for assistance with the process of completing a subordination agreement.

Analyze and process complex participation/syndication loans.

Request loan documentations from third party institutions (Original mortgage deed and note).

Create correspondence to notify the customer of Final loan decision.

Verified all documentation for accuracy and completeness and completed due diligence.

Supervised and trained other loan processors on the team. Capital One Bank, Rolling Meadows, IL

Sr. AML Investigator / Commercial Loan Processor

08/2015 - 08/2016

Conduct enhanced due diligence (CDD/EDD) investigations of Commercial and PEP transactions examining the customer in high risk jurisdictions.

Analyze and process complex participation/syndication loans.

Review and evaluate alerts/cases consisting of potentially suspicious activity and makes SAR Disclosure/No Disclosure recommendation for manager’s approval.

Review customer and account activity including transactions data and customer relationships to accurately identify cautionary/red flags and suspicious activities that require reporting for money laundering activities to make SAR filing determination or Closure.

Performed name and account based research on lists and reports provided through established resources to determine if evidence of money laundering activities exists.

Performed various quality control reviews and monitoring of BSA and USA Patriot Act, for Anti-Money Laundering, OFAC and CIP compliance using industry standard and regulatory sampling methodologies and SAR's.

Write quality investigative narratives and SARs based upon transactional activity and customer relationships in order to report suspicious activity and evidence of possible money laundering and/or terrorist financing activities.

Collect and document data, including alert, investigation, or SAR history, CDD and KYC information, relevant account and transaction data, plus any other required information to assist the investigation.

Maintain familiarity with appropriate investigation techniques to support AML activities, including research utilizing bank systems, intranet, internet and external vendor solutions as appropriate.

Effectively communicate within the AML Investigations organization and across other functions, effectively conveying key information to both internal and external audiences as appropriate.

Identifies significant cases that require notification to management.

Monitored and reviewed Domestic and International customer account transactional activities.

Ensure that regulatory, legal, bank and audit requirements are met. PNC Mortgage, Downers Grove, IL

Compliance Auditor / Commercial Loan Processor

03/2015 - 08/2015

Review, analyze and make final determination on subordination approvals.

Collaborate with team members to identify potential suggested solutions/exceptions to qualify a borrower for a second lien subordination approval.

Daily communication with Title Company, mortgage lender and operations for assistance with the process of completing a subordination agreement.

Request loan documentations from third party institutions (Original mortgage deed and note).

Create correspondence to notify the customer of Final loan decision.

Verified all documentation for accuracy and completeness and completed due diligence.

Supervised and trained other loan processors on the team. Financial Management Systems, Buffalo Grove, IL

Loan Processor

06/2014 - 03/2015

Maintained 100 accounts totaling 200 outbound calls daily.

Responsible for locating and notifying borrowers of their defaulted student loans.

Resolve their obligations using various voluntary and non-voluntary client programs.

Update records and document resolution activity on INTELEC Resolution System.

Excessive daily communication with Borrower and Management.

Analyzing and performing compliance of laws applicable to KYC

Obtain Documents required for approval of Voluntary program (paystubs, tax return).

Communicate with 3rd party references to obtain location information on the borrower.

Resolve escalated complaints with Senior Operation Manager.

Adhere to audit and compliance of all calls monitored and recorded.

Ordered 4506T with IRS for review of previous tax year income Bank of America, Rolling Meadows, IL

04/2010 - 01/2014 Compliance Auditor

Reviewing of financial statements, credit reports, assets applicable ratios and other supporting documentation acceptability.

Underwrote loans ensuring compliance with company standards.

Prepared and submitted SARs when potentially suspicious activity was identified within customer accounts.

Interact with customers, realtors, builders and attorneys to gather sale date, fee’s and cost.

Process and prepared for closing retail mortgage loans (conventional and government, purchase and refinance) under various loan programs in accordance with policies and procedures.

Registered loans on the origination system. Performed Welcome Call, Status Call and Pre-Close Call update communication log as needed.

Issued proper disclosures as required by federal regulatory compliance and reviewed rate locks and point objectives for accuracy, ensure overage and underage is approved as well as waiver of any fees.

Set up files and order all necessary exhibits for appraisals and credit reports, check alternative documentation for accuracy and potential problems.

Evaluated authorized or recommend approval of real estate or credit loans. Advise borrower of financial status loan options and methods of payments. Interview applicants analyze and submit required documentation. Oversee loan through closing

Ordered title insurance, closing protection letters, wire instructions and escrow fees.

Reviewed flood and tax certificates and surveys noting all issues upon receipt.

Reviewed all documents thoroughly before submission to underwriting.

Reviewed documents for acceptability against loan conditions, with the loan officer, coordinate with buyers, sellers, title companies, escrow agents, surveyors and real estate agents to obtain additional documentation.

Submit completed files for underwriting. Coordinate the scheduling of closings with the Closing Department, customer and closing agent.

Process First mortgage, FHA, VA and Fannie Mae Loans Complied and reported data on status of loans, including number of new applications and loans approved, canceled and denied.

Enhanced Due Diligence (CDD/EDD) reviewing post-commitment conditions to ensure that the borrowers complied with conditions at funding. Monitored maximum of 65 loans in pipeline.

Investigate all loan documents according to system and audit conditions to be cleared.

Review appraisal, title and RESPA docs.

Resolve escalated complaints with Vice president and Senior Operation Manager.

Enhanced Due Diligence (CDD/EDD) with operations to remain in accordance with corporate best practices, as well as local, state and federal laws.

Analyze and perform compliance of the laws applicable to money laundering, including Suspicious Activity Report (SAR) Filing, BSA/Patriot Act, Anti- Money Laundering (AML), Know Your Customer (KYC).

Wells Fargo, Oakbrook, IL 01/2008 - 10/2009 Mortgage Processor

Handled all official company correspondence efficiently, answered phones and met with the public to answer their queries.

Upgraded all office filing system excellent banking services knowledge.

Processed loan files for all types of loans, from point of application through submission to underwriting.

Gathered all information and documentation required per loan program description.

Obtained County’s Assessors dept. and property abstract, Tax and survey information for Appraiser.

Reviewed title/ survey for discrepancies.

Analyzing and performing compliance of laws applicable to KYC

Enhanced Due Diligence (CDD/EDD) for completeness of residential loan application, proper compliance disclosures and underwriting guidelines.

Interact daily with customers, realtors and builders on the status of loan files.

Coordinate the scheduling of closings with the Closing Department, customer and closing agent.

Complied and reported data on status of loans, including number of new applications and loans approved, canceled and denied.

Process First mortgage, HELOC, FHA, VA and Fannie Mae Loans.

Resolve escalated complaints with Senior Operation Manager.

Monitored max 40 loans in pipeline.

BNC Mortgage, Downers Grove, IL 07/2003 - 11/2007

Mortgage Jr Underwriter/Processor Team lead

Underwrote loans ensuring compliance with company standards.

Assisted Sr. underwriting staff with research and analysis for larger and more complex loans.

Responsible for running automated underwriting systems to generate conditional approvals on all loans.

Reviewed appraisal/environmental report.

Ran credit report, mini title and preliminary housing violation searches. Conducted preliminary analysis of loan by issuance out outstanding document checklist.

Reviewed corporate and individual tax returns, review property rent rolls and operating statements, analyze credit reports and payment history.

Review syndicated LIBOR loan documentation. Work closely with the syndicated desk portfolio and treasury department to ensure funding

Loan IQ experience and Libor transition knowledge

Evaluated authorized or recommend approval of real estate or credit loans. Advise borrower of financial status loan options and methods of payments. Interview applicants analyze and submit required documentation. Oversee loan through closing.

Analyzing and performing compliance of laws applicable to KYC

Determined creditworthiness of borrowers and assesses financial risk involved in the deal.

Enhanced Due Diligence (CDD/EDD) process by reviewing post-commitment conditions to ensure that the borrowers complied with conditions at funding. Dovenmuehle Mortgage Schaumburg, IL 8/02-06/03

Sr. Loan Processor

Reviewed and assured the loan application was accurate and complete.

Used Do/Du and LP Software

Ordered all required documents for completion of home loan transaction

(Verification of Employment, Verification of Deposit, Credit Reports, FHA Case number and Query, Appraisal, Title, Survey, Home Inspections, Income Transcripts, Bankruptcy, Judgements, Liens).

Monitored and followed up on all requested documentation.

Prepared files for underwriting.

Locked in rate and prepared file for closing.

Manage Conventional, VA and FHA pipeline of ninety files.

Daily communication with underwriter, Homeowner, Title office, Realtor, Builder, Closer and funder for completion of the closing of the home purchase or refinance.

Countrywide Home Loans Rolling Meadows, IL 8/97-5/02 Sr. Loan Processor

Manage Conventional, VA and FHA pipeline of one hundred twenty files.

Ensured all disclosures were in compliance.

Priced and locked loans.

Ordered all required documents for completion of home loan transaction

(Verification of Employment, Verification of Deposit, Credit Reports, FHA Case number and Query, Appraisal, Title, Survey, Home Inspections, Income Transcripts, Bankruptcy, Judgements, Liens).

Daily communication with underwriter, Homeowner, Title office, Realtor, Builder, Closer and funder for completion of the closing of the home purchase or refinance.

Education:

High School Diploma Streamwood High, Streamwood IL 1997 Phoenix University Schaumburg, IL Business Management and Finance 2012-2013 Harper Community College Palatine IL Accounting 2014 Reference upon Request.

...

Contact this candidate