Loan Review Specialist
Resume:
VICTOR SURYANA
Granada Hill, CA 91344
Email: ********@******.***
SUMMARY QUALIFICATION
Experienced Credit Analyst in risk for all type of banks and other lending institutions. Proven experience in assessment of creditworthiness of borrowers. Wide background in financial information analysis including cash flow, financial statement and business tax returns.
PROFESSIONAL EXPERIENCE
Credit Review Analyst (11/01/2021 – 07/08/22) Pennymac, West Lake Village, CA
Promoted within a six- month time frame for exceeding goals and supporting and supporting company culture.
Responsible for underwriting mortgages and recommending loans for approval on all residential properties, including authorizing terms and conditions of residential commitment letters, conducting thorough credit investigations, obtaining and validating credit information, income confirmation and down payment
Provide reviews loan files for completeness and accuracy, analyzing credit documents, including, but not limited to mortgage applications, credit history and income documents, title documents, appraisals and all applicable documents. Evaluated debt ratio, loan-to-value ratio, credit score, property valuation and various other factors.
Maintained mortgage program compliance with FHLMC and FNMA
Work in collaboration with the other team to ensure SLA target are met.
Home Loan Specialist IV (09/08/2015 – 11/01/2021) Pennymac, West Lake Village, CA
Responsible the initial loan review of the applicants based on income verification / DTI and asset quality ensuring that all sources of funds acceptable to meet the investor and banking requirements. Objective of the reviews to render preliminary underwriting decision.
Analyzes and evaluates documentation received from Correspondent customers for purchase and ensures document accuracy, compliance and credit quality of residential mortgage loans (conventional conforming, conventional high balance, FHA, VA and USDA).
Responsible for an in-depth review of the documentation in the file to include the calculation of income as well as assets & liability. Also responsible for the thorough review of compliance testing results including the identification of items needed to cure potential deficiencies.
Run and Review AUS finding to make sure all investor guidelines are met.
Calculates income review documentation and verify & calculating income including self- employed, rental income, other incomes, commission and straight salary, as well as assets & liability to ensure the documentation in the file is accurate and meets the terms of the loan parameters.
Responsible reviewed audit/unaudited year-to-date profit and loss statement signed by the borrower reporting business revenue, expenses, and net income up to and including the most recent month preceding the loan application date, and three business depository account(s) statements and balance sheet to determine business stability and adequate liquidity to support the withdrawal of earnings.
Provide meticulous attention to detail in ensures that all loans are purchased in according with Pennymac’s and secondary marketing Investors’ credit policies and consistently performed high quality and completes allotted high number of loans. Top quality was paramount, adhering to Pennymac and the investor guidelines to complete verification of Income tasks. If further information or documents are needed, adds stipulations to the loans and communicates with Underwriting and Client Management teams through detailed summary note to ensure appropriate identification of loan issues.
Loan Modification Underwriter (04/12/2014 – 07/11/2015) Urban Lending Solution, West Lake Village, CA
Conventional Underwriter specializing in loan modification for Bank of America including: FHA, GSE, HFI and SFO.
All aspects of the mortgage underwriting process including: Reviewing & Analyzing appraisal (i.e. Loan to Value, market trend, comparable and market statistics); reviewing income documentation, and verify & calculating income including self-employment, rental income, commission and straight salary; credit evaluation and worthiness including liens, judgments and bankruptcies; reviewing all forms of financial statements, bank statements, tax returns, credit report and applicable ratio (i.e. Debt Ratio).
Provide meticulous attention to detail in underwriting mortgages and consistently performed at 90s% quality or higher, adhering to BOA and the investor guidelines to complete verification of Income related tasks. If further information or documents are needed, works with client’s staff to obtain.
Perform reviews of 020 (set up the conditions) and 030 (income calculation) stages for new underwriters; reviews include additional coaching of new underwriters and revise underwriting conditions so as to communicate any stipulations to client in clear and concise fashion.
Familiar with fraud detection techniques, lending guideline and mortgage industry
MLO - Short Sale DIL Specialist II (05/27/2008 – 06/12/2014) Urban Lending Solution, West Lake Village, CA – Divested from Bank of America
Analyze and negotiate workout transaction on defaulted mortgage loans. This include negotiate with borrowers, external lenders, investors, private mortgage companies, real estate agents, attorney, and other Bank of America representatives to restructure and pay off-loan. Understanding strategies to exit loan workout options and collateral valuations.
Reviews and recommends acceptance of short sale offers beneficial to the bank that this would be consideration to current value, current exposure, liabilities and related expenses.
Deed in Lieu review process and completed a more detail review by means of consultation with appraiser regarding FMV and attorneys regarding outstanding liens, judgments, and BK to determine the optimal solution for the Bank
Performed credit and compliance analysis to evaluate the financial strength of borrowers to contribute toward our lost by completing income documents as the workout efforts by verifying and calculating: Paystubs, SSI, Pension, Unemployment Benefit, Child Support, Rental Income, Profit and Lost, Housing Expenses, Bank Statement as Cash Flow Analysis, Tax Returns, and provide recommendation of work out solution such as Short Sale/DIL or Modification.
Ensured loan submittals met internal and external eligibility requirements. Gained extensive experience in underwriting FHA, FHLMC and FNMA
Asset Manager – Home Construction Lending (01/01/2006 –03/31/08) Indy Mac Bank, Pasadena, CA
Conducts monthly evaluations of potentially non-performing loans, identifies risks to the Bank and makes recommendations regarding loss reserves.
Formulates workout plans for borrowers/loan with legal claim that can assert priority over bank’s lien. Responsibility and function include coordinate and cooperation with legal counsel for all parties.
Resolved all loan and collateral performance failures by means of modifications, workouts, credit line increases, direct project management, and asset liquidation by means of conversion to permanent financing, note sale and REO sales
Prepares monthly and quarterly reports pertaining to non-performing loans and potential losses
Analyzing delinquency patterns and causative factor and filtering upstream to production units for inclusion in operational guidelines and reduce recurrence.
Managed the effective migration of all converted loans into the permanent mortgage servicing by utilizing EMIT (Electronic Mortgage Pricing or mortgage underwriting decision engine)
RELATED EDUCATIONS
Calhoun Community College – Huntsville, AL Associate Art degree – Business Administration – December 2000
CERTIFICATION
California Real Estate Broker – DRE State of CA – License # 1970297
IN-PROGRESS EDUCATION
California State University- Northridge - Pursuing BSBA - Finance - Earning 60s credit to earn Associate degree Accounting from Los Angeles Mission College.
INDEPENDENCE STUDY
Passed Level I – Basic Residential Underwriter – Mortgage Banking Association
The Lending Decision – The Risk Management Associate – Course consists of 6 series: Industry, Management, and Economic Influences, Interpreting Quality of Financial Reports and Accounts, Analyzing the Company’s Financial Performance and Condition, Cash Cycle, Seasonality, and Discovering Borrowing Causes and Repayment Sources, Analyzing Cash Flow Statements to Measure Long Term Repayment Ability and Using Financial Projection to Fine Tune the Credit Analysis (Pro Forma Balance Sheets)
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