Mortgage Loan Processor
Resume:
Laura Schultz
Mortgage Loan Processor - Remote
Hurricane, WV 25526
**************@*****.***
Authorized to work in the US for any employer
Work Experience
Mortgage Loan Processor II
BB&T-Remote
July 2018 to February 2024
Review new mortgage loans submitted by Originators for submission to Underwriting.Review DU, or LP Findings.Review application for completeness.Maintain current and up to date knowledge and procedures for various loan products including Government Sponsored Loans, FHA loans, VA loans, and USDA loans.Obtain required credit and compliance documentation for assigned applications from internal clients, external clients, vendors and third-party sources.Submit mortgage loan package to Underwriting, ensuring company and investor policies and procedures are met which includes calculation of income, reviewing real estate appraisals, calculation of appropriate homeowners insurance coverage, calculating specific mortgage product program income and ratio requirements, analyzing bank statements to determine sufficient required assets.Order credit supplements, written verification of employment, verbal verifications, verifications of mortgage and deposit accounts.Review loan conditions from Underwriting and work with client to collect.Submit loan package for final underwriting review after collecting all conditions for an issuance of a clear to close
Mortgage Loan Processor
First State Bank-Huntington, WV
October 2013 to February 2018
Responsible for reviewing new residential loan applications, and submitting for underwriter review. Experience with Conventional, USDA, FHA, and VA loans. Order and review all necessary supporting documentation, including but not limited to ordering appraisals, title work, flood certifications, written and verbal VOE's, VOM's, VOD's, bank statements, VA certification of eligibility, and mortgage insurance certificates. Reviews AU Findings and USDA Gus findings report. Experience with Freddie Mac, and Fannie Mae guild-lines. Collect and submit conditions for underwriting to issue a clear to close.
Mortgage Loan Pre-Processor
Huntington National Bank-Charleston, WV
January 2009 to October 2013
Responsibilities included ordering title work, appraisals, and written verbal VOE's and VOD's. Prepare income calculations, review bank statements, pay-stubs, and W2's. Mortgage Loan Closer - Prepared all closing documentation, forward loan closing packages to title companies/attorneys. Ensure that the mortgage meets all the mortgage compliance regulations. Verify homeowners insurance, borrower's employment, and document rate expirations. Determine conditions that must be met prior to closing. Disburse loan proceeds. Follow up with title companies/attorneys for the return of the final signed closing documents.
Senior Account Relationship Associate - Commercial Banking/Business Banking - Support Business Banking lenders in order to maximize loan production, responsible for the day-to-day activities and interaction between the client and Huntington Bank, in terms of the establishment, documentation and maintenance of the relationship. Input loan requests for new loans, and renewals. Track sales and appointments. Order title searches, call for pay-offs, order appraisals, and verify property insurance. Close loans and disburse loan proceeds. Track financial statements, and clear loan exceptions. Assist branch managers with business banking loan clients. Research and resolve complex problems regarding service activities and operational issues. Prepare various internal reports, memos and correspondence. Maintain up to date knowledge of bank products, services, department systems, related technology, policies and procedures.
Mortgage Loan Closer
GMAC Mortgage-Charlotte, NC
December 2005 to September 2008
Ensure loan files are properly set up, and complete in their entirety. Provide support to department and immediate manger by performing loan closing duties. Clearing conditions for a underwriting clear to close. Organizes and prioritizes loan closings to meet deadlines. Prepare loan closing documents to be forwarded to the closing attorneys, and title companies. Verify proper hazard and flood insurance coverage. Verify accuracy and completeness of promissory notes, security instruments, riders, assignments, and other applicable legal documents. Review initial and final HUD statements for accuracy. Wire transfer loan proceeds. Identify, analyze and resolve closing issues. Ensure loan fundings occur timely, efficiently and within program parameter, company guild-lines and state and federal compliance regulations. Make timely decisions regarding title, final inspections, and closing conditions in accordance to company guidelines. Prepare monthly pipeline report to management.
Mortgage Loan Processor - Responsible for the daily loan set up and producing initial disclosure packages for distribution to borrower. Responsibilities included verification of broker approval, appraiser status, ordering credit reports, and analyzing loan application data for direct input into automated underwriting system. Analyze and prepare loans requiring adverse action. Ensure compliance with federal regulations and company policy. Maintains copy package and adverse action file.
Credit Services Rep II, Syndications Officer, Global Corporate Investment Banking
Bank of America-Charlotte, NC
June 1998 to January 2005
101 North Tryon Street
Charlotte, NC
Credit Services Rep II, Syndications Officer, Global Corporate Investment Banking - Serve as customer contact and agent bank for the day to day management of syndicated corporate loan facilities. Deliver training sessions and on the job training to new associates. Participate in special group projects from time to time as assigned. Handle complex customer issues for assigned portfolio. Responsible for new loan set-up, and managing credit facilities on loan tracking system. Foreign currency loan experience. Consult with Portfolio Managers, Legal Counsel, and other business partners to minimize bank risk during loan closings and the on-going effective management of syndicated credit agreements. Review new Credit Agreements, legal documents, and credit approval documents related to corporate lines of credit and implementation of changes to the system of record. Act as liaison between corporate clients and investors. Analyze and effectively resolve client/investor inquiries in a timely manner. Accounting Clerk IV
Barnett Bank-Jacksonville, FL
February 1994 to June 1998
Participation Loans - Responsible for the processing of new loans, payments, and loan advances. Prepare incoming and outgoing wire transfers,
prepare general ledger entries required for balancing and settling each assigned portfolio region. Commercial Loan Accounting - Accounting Clerk III - New Loans - Responsible for the accurate and timely data input of new and renewed commercial loans, including commitment extensions, forbearances, modifications, payments and advances. Education
Associate Degree in Applied Science in Accounting
West Virginia State University - Institute, WV
Skills
• Excel
• Banking
• Lending
• Documentation review
• Communication skills
• Organizational skills
• Mortgage servicing
• FNMA
• Escrow
Certifications and Licenses
Driver's License
Additional Information
A detailed-oriented, self-motivated professional with over 30 years in the Banking, Finance and Mortgage Industries. Eleven years specializing in the Mortgage Industry. Works well independently and as a team member. Strong verbal and written communication skills. Ability to handle multiple projects and meet deadlines effectively.
Computer Skills
Microsoft Excel
Microsoft Word
Microsoft Outlook
Internet Explorer
Desktop Underwriter
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