SEAUNTE S. WATSON
**** **** **** ** ******, TX **063 * Cell: 214-***-**** * adrdj0@r.postjobfree.com
PROFESSIONAL SUMMARY
Experienced Mortgage Professional focused on improving the bank's loan program through knowledgeable and efficient service to customers according to program parameters.
.
JOB SKILLS
• Quality Review
• Mortgage Banking Regulations
• 2+ years of funding experience
• Credit Risk (legal compliance)
• Mortgage Servicing
• 2+ years of Jr. underwriting experience
• Training
• 4+ years of processing experience
• Processing procedures
• Information verification
EXPERIENCE
MORTGAGE CONNECT
Closing Coordinator II September 2019 to April 2022
• Manages and reviews daily work-in progress reports
• Closing, Disbursement, Reject, Title Clearance, Untouched and Post Clearance reports
• Pulling and distributing reports to the proper team members
• Responsible for closing document preparation and signing in accordance with federal, state and client requirements and instructions
• Review of Title Commitment for clearance
• Secure lender approval of loan closing documents
• Address inquiries from clients, borrowers, agents, and internal staff
• Confirm with borrowers the closing dates, location, documentation, and funds due at closing
• Preparing Closing Disclosures, HUD and Closing Documents
• Manage and support lender relationships with the financial build out of RESPA documents and preparation of closing documents
• Communicating with realtors, attorneys, borrower, and various lenders to address closing instructions, prorate taxes, calculate loan interest, and prepare escrow settlement documents.
• Working with Title Commitment Coordinators to review commitment and address exceptions which must be cleared prior to closing and to determine documentation necessary to waive exceptions.
• Doc prep deeds for all states
MR. COOPER
Reverse Mortgage Specialist/ Portfolio Manager Coordinator Aug 2018- September 2019
• Research and resolve outstanding liens, judgments, and other title issues, all title curative grades in systems of record HERMIT and CHIP.
• Communicate and/or escalate title issues to management.
• Timely completion of all required work functions including task queue, updating, follow-up, etc.
• Detailed review of all documents associated with the curative process.
• Demonstrates excellent ability to work under time sensitive deadlines.
• Must be capable of understanding financial ledgers, as well as using critical thinking when researching and reconciling data.
• Coordinating individual tasks as part of a broader process initiative
• Assist Underwriting in gathering documents from bankers as well as customers.
• Collaborating within the team and across teams
• Documenting data and information and using analytics and reporting to provide transparency to decision makers while maintaining system of record with information related to all loan files according to internal & regulatory policies for the servicing of Reverse Mortgages.
• Tracking and resolving process breakdowns
• Providing centralized oversight of the process and conducting regular process risk assessment
JP MORGAN CHASE BANK, N.A.
Mortgage Loan Processor May 2012- August 2018
• Responsible for account analysis.
• Recommend foreclosure, repossession, and/or other outside action.
• Develop and maintain knowledge of multiple loan product guidelines for quick accurate answers while providing quality assurance on all loan approvals.
• Analyze borrower credit profile, collateral capacity to repay proposed mortgage obligation. Ensure accuracy of both agency and government guidelines.
• Accurately calculate borrower's income and debt to income ratios.
• Review conditions submitted on loans and sign off on conditions when appropriate.
• Effectively communicate loan decisions to internal departments in a timely manner.
• Prioritized work queue and ensured completion of service level agreements.
• Submitted completed packages in a timely manner.
• Trained and directed new hires during department orientations.
• Efficient with Trid, FHA's, VA, Conventional, and FNMA/FHLMC
METLIFE HOME LOANS
Compliance Consultant/Training Coordinator, Credit Risk May 2011-May 2012
• Served as a process expert for development of data extracts to external parties and analyst of portfolio performance
• Provided guidance on planning, design, development, and implementation of automated processes and activities
• Managed course availability, changes, updates, participant attendance, meet and greet sessions, system access, and training evaluation surveys
• Documented testing results in accordance with corporate standards as well as Performed compliance testing and research and analysis on compliance issues
• Prepared reports detailing findings identified through the testing process
• Developed a SharePoint training interface calendar for FHA, VA, and Conventional Underwriting training courses
• Created Web-Ex exams and entry for CRAR database and scored examinations
• Audited underwriter’s resumes and Credit Authority Nominations for accuracy, completeness, and potential misrepresentations
• Created and maintained the Nomination Request Form and Training Guides for the Training Coordinator and Credit Authority Administrator roles
• Maintained a working knowledge of underwriting guidelines and changes
• Distributed Release Letters granting Underwriter’s authority to underwrite loans
• Coordinated training programs for employees, vendors and/or clients
• Trained clients and vendors on company products/systems
• Scheduled conference rooms, sent out communications, and prepared lesson plans
CITI
Senior Mortgage Loan Coordinator/Jr Quality Control Underwriter, Credit Risk Oct 2010- May 2011 and March 2004-Oct 2008
• Managed a high-volume pipeline, processed, scheduled, pre-closed, verify compliance with FHLMC, FNMA, GNMA and reviewed conditions on all files of CMI underwritten loans
• Cleared all outstanding stipulations from brokers and provided status updates on files within the pipeline
• Reviewed files to ensure compliance with all state and federal lending regulations
• Compared loan parameters to investor and portfolio product guidelines
• Recognized non-compliance issues and effectively communicated these to the appropriate parties
• Verified exceptions within files and prepared reports of findings
• Conducted a pre-close compliance review of the GFE Settlement Statement, HUD-1, and additional documentation within the credit package for compliance with Regulation X (RESPA), Regulation Z (Truth in Lending), Regulation B (Equal Credit Opportunity), and HMDA (Home Mortgage Disclosure Act)
• Analyzed closing requirements, Title fees, and Flood Insurance
• Manually Underwrite All types of Loans: Full Doc/ Bank statement/ Investor Cash Flow
• Compute income and debt ratio calculations following program guidelines and ability to repay requirements
• Perform mortgage credit analysis with or without assistance of AUS to ensure lending decisions following company guidelines and policies
• Perform detailed analysis and review of appraisal for one to four family residential properties to determine acceptability of security for loan programs
• Evaluated data integrity and credit quality for complex residential mortgage originations
• Identified potential risks, audit of origination and closing, perform pre-funding audit and control deviations from CHE Credit Policy and Investor standards
• Identified and documented variances in conjunction with QC Manager, Chief Underwriters, and Team Managers, providing feedback and training as needed
• Performed targeted reviews as requested in response to new regulatory or investor mandated changes
• Reviewed credit exceptions in loan decisions and ensured compliance with client and investor guidelines
• Assessed final offers to determine qualification status prior to closing
• Reviewed and processed 4506T/4506-EZ
• Managed projects for 1st and 2nd mortgages related to GAP Insurance, HELOCs, and Underwriting
• Reviewed/processed and re-underwriting loans for Correspondent 1st mortgages in LPM
• Performed data integrity reviews against collateral files within the System of Record (LPS)
AMERICAN HOME MORTGAGE SERVICING, INC.
Closing Coordinator, REO Feb 2009-Oct 2010
• Responsible for maintaining a pipeline of 200 plus loans for closing.
• Pulled and reviewed production reports to ensure timely completion of production objectives within department.
• Trended suspense items and provided feedback to Regional Account Managers.
• Reviewed title reports for overview of progress.
• Reviewed, Researched, and Remediated escalated issues in a timely and effective manner.
• Facilitated weekly staff meetings and attended regular leadership team meetings.
EDUCATION, TRAININGS & COMPETENCIES
MASTER OF EDUCATION IN ADULT EDUCATION
• Strayer University
• Graduation Date: December 2020
BACHELOR OF ARTS DEGREE IN COMMUNICATIONS
• University of Tennessee at Martin
• Graduation Date: May 2000
ORGANIZATIONS
• Alpha Kappa Alpha Sorority Incorporated
LICENSES: Escrow Officer
COMPUTER PROGRAMS: Microsoft Office: Word, PowerPoint, Excel, Access, Communicator, Outlook, SharePoint, Fidelity/LPS, Passport, Word Perfect, Filenet, Virtual Vault, MortgageServ, CitiLink, PeopleSoft, Info Maker, SAR Mainframe, Qfiniti, Compliance Ease, FHA Connection, Encompass, Lotus Notes, Lotus Sametime Connect, WorkFlow, LQS, CMS, PACER, Tempo, Default.net, Citrix