Loan Closing Manager

ARANYA J. AQUINO

***** ********** ****** 562-***-****

Bellflower, CA 90706 ******.******@*****.***

OBJECTIVE

• Searching for longevity and growth with a stable company

• Holds over 25 years of experience in the Mortgage Direct Lending Industry

• Provides dependable and positive outcomes to problem solving

• Maintains deadlines with extraordinary service. Detailed orientated in closing quality

• Mortgage Softwares: Encompass Calyx Point Lending QB – Meridian Link ProLender FHA Connection DocMagic WLS Most Warehouse Sofwares

• Knowledgeable in Closing and TRID regulations, Lender/Credit and Investor guidelines for: FHA Fannie Mae VA NON-QM DSCR Rehab Manf Condo-PUDS CALHFA TCF REVERSE MTG WET STATES for RETAIL and TPO

WORK EXPERIENCE

o CLOSING MANAGER SENIOR FUNDER

STG MORTGAGE- AT LENDING - Orange, CA June 2021 – Oct 2022

• Built the closing team in Lending QB from start to finish- Integrated program closing data, fields and custom forms into each screen for Disclosures, Loan Docs, Funding and Shipping

• Set up loan documents / loan programs for state specific compliance with DocMagic onboarding for company

• Create templates and set up all investor/warehouse banks for company

• Test loans through system and train/manage incoming employees in LOS software and closings. Created S.O.P.’s and Check sheets for CD/Doc/Funding and Post Closing Dept’s

• Assign loans to doc drawers and provide feedback on fundings and redraw to avoid costly cures. Collab with settlement agents and Underwriting team to get clear to close and pending conditions ready for loan docs

• Create loan packages and balance with attorneys, title, settlement agents for disbursement of loan files

• Train with Account Managers to streamline doc holds process with brokers loan officers

• Assist in post- closing once shipping dept was settled

• Worked closely with warehouse reps to maintain new investor approvals, exceptions and balance and clear collaterals

• Set up Fannie Mae for UCD clearances through LOS system

• Once Funding team got a Manager and Docs Dept, I continued my own Funding pipeline and reviewed Loan docs’s accuracy, clear conditions, balance and request wire

• Balanced final disbursements with settlement agents, review all availability of funds and assets before disbursing

• Review all trust/LLC and corp docs. Clear all prelim and commitment discrepancies and review appraisal, credit and purchase contracts for closing items required. o SENIOR FUNDER

BANC ONE MORTGAGE – Orange, CA Aug 2018 – May 2021

• Works closely with internal team and third party (Escrow and Title) to efficiently fund saleable and insurable loans. Reviews the loan documents with the credit file for accuracy and compliance.

• Collaborate with other departments to continue streamline workflow from start to finish. Train with Docs team and CD/ Closing team to eliminate errors to avoid redraws.

• Review UCD and QM errors and clear them prior to Funding.

• Makes sure all items on title are cleared I impounds, flood and Ml certs and policies are in compliance with enough coverages

• Confirm rate and term/ FHA Streamlines/ Refunds and payoffs are reviewed.

• Reviews all forms are up to date and AUS items are matching closing or work with Underwriting team to resolve. Review ratios and ltvs along with complete 1003s for investor approval.

• Purchase contracts I Appraisals I Income Docs and Borrower's Acct's are up to date and POA I Trust Docs I Gift of Equity loans are fully executed and matches approval.

• Ensure covid forms and employment re- verified I Verbals are completed prior to Funding

• Completes pre- funding review ensuring all conditions are met and satisfied. Balance all fees from Initial LE throughout CD and loan docs with Settlement Agents for closing costs and ensure all monies are accounted for.

• Request wires with WLS and web- based warehouse banks and coordinate recording and disbursement with Escrow and Title.

o FUNDING MANAGER

LINCOLN MUTUAL MORTGAGE I VISION ONE MTG – Anaheim Hills, CA Aug 2015 - Aug 2018

• Oversees and manage the Funding and Doc dept staff. Resolve issues with file closings and problems within the Closing department with all parties of the transaction.

• Manage the Funding reports to ensure all loan docs are checked in on time, assigned to funding team members and all Prior to funding conditions are issued within the turn time requirement of 24 hrs or less

• Communicate with Branch managers, Processing I Underwriting I Escrow and Title of outstanding PTF conditions I Follow up through all aspect of loan until close and purchase.

• Responsible for reviewing all closing files to cross train and ensure all PTF's conditions are issued correctly for each Loan program I Manage approved files in pipeline to meet monthly quota. Follow up on files that need to meet expiration dates, expired loan docs & locks to avoid redraws.

• Review signed legal Loan documents, credit & loan doc package, lock commitment and create warehouse package once all PTF conditions are met.

• Review Underwriting approval and terms with Loan file/ docs and clear any discrepancies with processors.

• Review title reports, escrow amendments, purchase contract, appraisal, termite, deeds, corporation/ trusts docs, payoffs, hazard ins, tax rolls and clear any discrepancies.

• Calculate and review settlement statements, deposits and credits requirements with Trid disclosures for any adjustments and discrepancies. Once file is cleared, issues funding figures (net/ gross) and wire transfers to Title for Escrow to balance.

• Review and approve final closing statements, lender checks and ledgers with Escrow once Loan records.

• Communicates with Accounting department for payments due on Principal Reductions, Upfront MIPS, and lender credits after Loan closes.

• Endorses all FHA loans funded through LI/ FHA connection (Insure files for MIC's after Upfront MIP received)

• Create collateral packages, mail labels and assist - train Post closing staff for insuring & trailing docs and shipping files to clear PA conditions.

o FUNDING MANAGER

BANC ONE MORTGAGE - Irvine, CA Oct 2013 - Aug 2015

• Managed the Funding, Doc Dept and Insuring Dept

• Review disclosures and Underwriting approval to ensure QC items are cleared to prepare Loan documents.

• Review approved credit package, lock commitment, title policy, settlement statements and appraisals to ensure Loan docs are exported and drawn correctly for lending compliance to each Loan Program.

• Review all fields are correct against the loan approval in Doc Magic and complete all details with the loan terms. (all errors are cleared & itemized fees are in compliance with Good Faith Estimate and Truth in Lending)

• Review if there are High cost fees and ensure no over charge by Loan Originators

• Responsible for reviewing executed Loan documents for errors and missing signatures, etc., Hud 1 settlement statements and funding figures to match and is according to guidelines and policies. (All deductions, loan amt, impounds etc are correct and balanced with Escrow)

• Issue and clear outstanding Prior to Funding conditions with Underwriting, Processing and Escrow

• Held monthly training's in docs and funding for changes and procedures with our out sourced team

• Calculate and set up wire transfers for warehouse package and complete them within timeline.

• Review all fees data to pass QM. Create Collateral packages to send out to the warehouse banks.

• Audit, stack and insure all FHA loans for FHA approval and Insuring.

• Help the company complete our first 15 FHA files to get us FHA approved with HUD

• Responsible to clear outstanding Post closing conditions for purchase within time frame. Responsible to contact HUD to clear any Notice of Returns o PROCESSOR FUNDER FHA INSURER

AFFILIATED FUNDING CORP. - Santa Ana, CA Mar 2010 - Oct 2013

• Review submitted files from Loan officer, scrub file, order credit reports, open title and escrow, Fha case# and appraisal for Underwriting approval.

• Ordered Verification of employment, rent, tax returns and send out Initial disclosures and follow up on signed copy to get loan approval.

• Collect Underwriting conditions from Loan officer and Borrowers to clear PTDs for CTC/ Loan docs - review bank statements, preliminary reports, income docs, tax returns, review fees on Initial disclosures, calculate income and order Loan docs to complete Submission process.

• Prep Loan docs for Escrow to schedule signing, review insurance certs, gift letters and source all deposits

• Review signed Loan docs, clear all PTF conditions for Underwriting and Funding.

• Calculate Funding figures, create warehouse package and transfer wire to Title once conditions cleared from Escrow.

• Review HUD 1 for accuracy for Escrow, create collateral package for the warehouse banks. • Audited, insure FHA loans through Fha connection/LI

• Check in executed Loan documents and Escrow conditions.

• Review settlement statement and clear all prior to Funding conditions pertaining to Title, Escrow & Impound Accounts

• Calculate Wire figures for various warehouse banks.

• Generate Funding reports and work closely with each department for clear to close.

• Audit FHA loan files from credit to doc package per HUD guidelines

• Create case binders to obtain MIC through FHA connection

• Condition each department for discrepancies and clear/review documents and prepare explanation to HUD to insure.

• Create electronic packages for Investors stacking order for audit.

• Review suspense conditions for purchase

o DOCUMENT SPECIALIST FHA INSURER

SUN WEST MORTGAGE - Cerritos, CA Sept 2002 - Feb 2010

• Prepared Closing documents by verifying accuracy in loan files: loan type, credit ficos, title and escrow companies. FHA/VA/CONV/203k/ARM/DRY/WET STATES/HECM/HARD MONEY through DocMagic

• Ensure Loan documents were in compliance with allowable fees/high cost and Respa rules.

• Reviewed and stacked executed Loan docs. Created and cleared outstanding Funding conditions such as signatures, dates, incorrect property address, missing AKA's, riders, etc

• Reviewed Title policies, tax liens, approved items and endorsements

• Reviewed the HUD l's against the Initial disclosures.

• Once Funded, Ship file directly to investor and clear suspense conditions for purchase of loan file

• Stack and review FHA files for insuring and VA guarantee certs.

• Analyze dept procedures and create training manuals.

• Trained teams out sourcing in Reverse Mortgage program and application/docs/funding o JR PROCESSOR

NATIONAL PACIFIC MORTGAGE OLD KENT - Anaheim, CA Jun 1998 - Aug 2002

• Opened loans and scrub file for Underwriting approval.

• Ordered credit reports, FHA case#, title reports, escrow instructions, flood certs and SS verifications.

• Ordered appraisals and review data with file.

• Requested condo/pud project approvals with HUD.

• Submitted broker package with new lenders.

• Verified employments, sent out disclosures and decline letters.

• Ordered insurance, review dwelling details and endorsements.

• Reviewed bank statements and request documents from loan officers

• Offered loan scenarios for loan products/programs to loan officers.

• Locked rates w/ secondary for the brokers/serviced file through closing and purchasing.

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