Loan Processor Transaction Coordinator
Resume:
Jeanenne
Araujo
(***)
**********@*****.***
SUMMARY OF QUALIFICATIONS:
Dedicated professional with 15 years’ experience in the mortgage Industry. Self-motivated individual with an established reputation for reliability, commitment, teamwork, flexibility, and high productivity in fast-paced environments.
Demonstrates skills of leadership, communication, multi-tasking, continued learning in different work environments. Very mechanically minded with a work ethic that promotes teamwork and results. Finance of America
October 2015- April 2022
Loan Processing Manager/ Loan Analyst
• Performed detailed reviews of URLA (1003) and borrower documentation to verify the application is complete and meets specific loan guidelines, including loan type, loan amount, assets, liabilities, length of employment, credit history, etc.
• Pre-underwrite the file according to program/investor guidelines and Provide a report of identified issues, exceptions and alternate recommendations to the team
• Analyze income types such as salaried, commission, rental & self employed income to insure the loan credit quality, risk issues and insure the loan structure will support credit decisions.
• Review and analyze purchase agreements, appraisals, preliminary title reports and termite reports that could delay or prevent a timely closing
• Analyze OFAC reports and FraudGuard reports to accurately flag multiple types of risk including fraud, compliance and misrepresentation on every loan application
• Ensure file meets requested guidelines - develop alternative solution as required
• Provide feedback for pre-closing as well as post-closing quality control audits in prescribed timeline
• Responsible for providing strong and clear communication to Loan Officers, Borrowers, Underwriters, third party companies regarding documents needed for loan files to ensure quick Turn-around time and or close date.
• Analyze 3rd party documentation such as VODs, VOEs, appraisal, title, etc. to ensure loan approval
• Input final information as validated in system and reruns AUS, as applicable, for final loan submission.
• Run & Analyze DUand LP
• TRID knowledge with change of circumstance, loan estimates and closing disclosures
• Fannie Mae and Freddie Mac guideline knowledge
• Adhering to meeting close dates with a high standard of quality.
• Experience with FHA, VA, Conventional, CALHFA, USDA, MCC, Builder Loans, Jumbo and Brokered out Loans SecurityNational Mortgage Company
Feb 2015- October 2015
Sr. Loan Processor
• Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed
• Processes Conventional, VA, FHA, Reverse Mortgages
• Run Du/LP, Knowledge of how to read DU findings; Experience in using Fannie Mae’s Desktop Underwriter and Freddie Mac’s Loan Prospector
• Proficient in calculating income both employed and self employed
• Disclose initial loan disclosures and re-disclosures; Ensure any necessary and critical changes which require re-disclosures have been accurately notated and checked for compliance purposes
• Verify loan documents including income, assets, credit, appraisal ect ultimately verifying application for final submission to underwriting.
• Responsible for ordering and follow up on all basic initial items on file: Payoff, VOE, Title, FHA/VA Case #, Tax Transcripts, LDP/GSA, Flood Cert, HMDA, Insurance, Appraisal. Excel Managers
June 2013- Jan 2015
Transaction Coordinator/Processor
• Personal T.C. for a successful Realtor
• Create and maintain detailed real estate documents requiring high levels of accuracy Serve as an information resource by conducting research, assembling data, and planning of open houses
• Maintain and update client/prospect databases
• Coordinate signings of loan documents
• Coordination of marketing processes for all properties listed
• Administrative support for buyers including creation of listings
• Daily management of high volumes of emails and calls
• Order any and all applicable reports: Natural Hazard, Tax Disclosures, HOA Documentation, and or/termite reports
• Fluency in CAR Zip forms, DocuSign, MLS
• Verify with escrow that escrow will be opened with in a reasonable time
• Verify all DRE required documents ('Disclosures') have been sent within the allowable time Carrington Mortgage Services
June 2012 - June 2013
Component Servicing Underwriter, Contractor
• Analyzed income and all incoming documents such as assets, and liabilities for compliance and loan eligibility.
• Verified borrow hardship and occupancy
• Worked directly with the Customer Relations Manager and Process Support groups to obtain any necessary documents to complete loan process.
• Updated FHA loan modification SharePoint upon completion of the Underwriting according to corporate policy.
• Review and verify credit reports.
• Reviewed for applicable debt ratios/ Loan to value Lending Tree Loans
October 2011-June 2012 Jr. Processor
• Process files from contract to closing in a detailed and organized manner.
• Process applications from time of receipt of application to submission of the loan package to underwriting.
• Prepare and track documents and timelines from point of acceptance to close of escrow.
• Confirm closing dates, location, documentation, and funds due at closing with borrowers.
• Provide consistent, quality-controlled system to ensure the smooth and efficient management of all relevant steps necessary to close a real estate sale.
• Assist buyers with loan approvals and log all approvals in Microsoft Excel.
• Provide weekly status reports to all parties in the transaction and perform weekly check-in calls to clients Skills:
Encompass
Byte Software
Knowledge of RESP and TILA/TRID guidelines
General knowledge of loan processing and closing guidelines Ability to make sound judgments regarding the resolution of customer service issues. Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative. Ability to handle detailed assignments and maintain confidentiality. Excellent communication and interpersonal skills.
Ability work in a fast paced environment and meet all deadlines Proficiency in Microsoft word, Excel, Adobe, PowerPoint, Outlook
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