Compliance Manager
Resume:
Althea A. Burns
Montgomery Village, MD
Email: adxyex@r.postjobfree.com
PROFILE
Seasoned professional with 10 + years proven record in mortgage industry, risk management, quality control, credit and financial analysis, servicing/loan compliance and evaluation. Possess excellent communication and leadership skills, organized, dynamic, team-player, and self-reliant with ability to handle any assignment with limited supervision.
CORE COMPETENCIES
Risk Management
Auditing and Consulting
Quality Control
Mortgage Fraud Prevention
Management & Supervision
Loan Servicing
Underwriter
Compliance Manager
Credit Risk Management
Mortgage Appraisal & Evaluation
Regulatory Compliance
Default Analyst
Staff Training & Instructional Development
Loss Mitigation
Financial Statement Analysis
PROFESSIONAL EXPERIENCE
Senior Compliance Consultant
Burns & Burns Group, Gaithersburg, MD
09/2022 to present
Duties, Responsibilities, and Related Skills:
Draft various contract documents including initial contracts, modifications, and purchase orders.
Advise program managers on procurement policies, regulations, and procedures that result in cost savings.
Research federal and state practices, regulations, and policies for compliance.
Build and maintain relationship with government officials, subcontractors, and vendors.
Develop and revise federal compliance program, i.e., policies and procedures.
Evaluate and interpret federal and state laws and guidelines.
Maintaining a working knowledge of the Federal Acquisition Regulation (FAR) and agency supplemental regulations, and follow all applicable acquisition procedures.
Utilize all applicable regulations, policies, and procedures while participating with a variety of Program Offices to ensure the acquisition plan, synopsis, procurement planning conference and justification and approve all necessary information to facilitate a successful contract award.
Communicating in writing, independently preparing pre and post business clearances for every acquisition in order to document the contract file.
Ensure compliance with legal and regulatory requirements throughout the contract lifecycle.
Handle contract change requests, disputes, and claims, working closely with legal and the project teams.
Compliance Manager
Presidential Bank, Bethesda, MD
07/2019 – 08/2022
Duties, Responsibilities and Related Skills:
Provided internal audit and compliance services.
Assessed the effectiveness of client controls designed to ensure the accuracy, completeness, and timeliness of all financial and operational data.
Identified, test, and evaluated compliance issues and initiated corrective action.
Adherence to regulatory guidelines and requirements.
Provided Financial analysis to ensure the Bank’s compliance risks were met.
Gathered and analyzed data/facts in conformance with the Bank’s policies and procedures.
Reconciliation and special project research assignments.
Composed narrative analysis of potential clients based on the complexity of the transaction or relationship.
Responsible for all aspects of the specific business process, including analytical review to ensure the integrity of regulatory compliance.
Reviewed and interpret financial statements and related information to determine potential clients’ financial condition and repayment capacity based on the Bank’s legal credit policies.
Provided financial concepts and plans to internal and external clients.
Participated in the development, review and delivery of training materials for internal staff.
Senior Mortgage Compliance/Underwriter
Sun Trust Bank, Rockville, MD
11/2014 to 12/2018
Duties, Responsibilities, and Related Skills:
Performed underwriting review of various loan program including Conforming, Subprime, FHA, VA and Non-Conforming Jumbo loans.
Advised customers on Home Mortgage Disclosure Act/HMDA, methods, and procedures.
Draft and reviewed mortgage compliance reports for accuracy and validation.
Research federal and state practices, regulations, and policies for residential mortgage banking.
Communicated changes with the quality control department and stakeholders.
Developed and revised federal compliance program, i.e., policies and procedures.
Evaluated and interpreted federal and state laws on corporate mortgage codes, standards, and guidelines.
Reviewed and updated fair lending services and internal controls.
Researched and identified gaps in mortgage business services, risks, and ethics.
Advised brokers with guidance and insights on mortgage compliance issues and market trends.
Assessed and mitigate compliance risks related to mortgage contract valuations.
Consultant/Compliance Analyst
The Oakleaf Group, Chevy Chase, MD
August 2013 – May 2014
Duties, Responsibilities, and Related Skills:
Managed all aspects of the purchase of at-risk residential mortgage loans related to bidding, due diligence, collateral, compliance, securitization, property evaluation, and service transfer.
Oversaw the REO and single-family non-performing residential loans.
Advised and assisted homeowners with loan servicing, modification, short sale, and refinance.
Performed due diligence, compliance, and servicer views for newly buy mortgage-backed securities pools of loans.
Examined and conducted an extensive analysis of development projects, including forensic underwriting, credit analysis, and document review.
Lead and supervised a team of mortgage and financial analysts.
Applied loss prevention techniques saving the company from $8 million in losses arising from risky assets.
Senior Adviser on new policies and procedures for the Property Evaluation Department, Organization’s improvement, and efficiency.
Provided high-level scrutiny on loan-level review to determine client compliance with investors and sellers’ guidelines.
Consultant/Compliance Examiner
Solomon Edward/Promontory, Charlotte, NC
09/2011 – 03/2013
Duties, Responsibilities, and Related Skills:
Provided, developed and managed operational and strategic plans to examine servicing practices, foreclosure, and loss mitigation process.
Audited loan files that the OCC had identified as having deficiencies and unsound practices, such as costing homeowners and taxpayers billions in mortgage servicing.
Developed and managed operational and strategic plans to examine servicing practices, foreclosure, and loss mitigation process.
Performed complex computer-assisted financial analysis in the valuation of land and improvements of residential and non-tax properties for assessment purposes.
Audited loan files that the OCC had identified as having deficiencies and unsound practices, such as costing homeowners and taxpayers billions in mortgage servicing.
Managed a team of credit analysts through the loan default lifecycle. Performed and reviewed operational risk management, internal controls policies and procedures, and executed a detailed analysis of credit operations, underwriting, loan documentation, and collateral.
Simplified the reconstruction of loan reviews to determine misrepresentations or other deficiencies that could result from financial injury to the borrower or mortgagee.
Senior Mortgage Underwriter
Wells Fargo Bank, Minneapolis, MN
1/2009 – 5/2011
Performed and trained all facets of underwriting for the Retail & Wholesale business channels. Completing a minimum of 4-6 manual underwrites per day, 10-15 AUS underwrites, 20-25 forensic or conditions clearing underwrites, in addition to exception requests, immediate conditions application & review, collateral valuation, self-employment & complex income reconciliation; specializing in frontline (manual, AUS & HARP), ensuring compliant guideline & regulatory (Fannie Mae & Freddie Mac) implementation.
Senior Mortgage Underwriter
E-Trade Financial
7/2007 – 11/2008
Maintained $2,000,000 signing authority, performing all facets of underwriting for the Retail, Home Equity, Loss Mitigation and Wholesale business channels. Completing a minimum of 4-6 manual underwrites per day, 10-15 AUS underwrites, 20-25 forensic or conditions clearing underwrites, in addition to exception requests, immediate conditions application and review, collateral valuation, self-employment and complex income reconciliation; specializing in frontline (manual and AUS) and forensic (resolutions/modifications) decisions, ensuring compliant guideline and regulatory (Fannie Mae and Freddie Mac) implementation. Also underwrote to various lenders guidelines which include GMAC, Countrywide, Citi Mortgage and Chase Home Mortgage.
Senior Mortgage Underwriter
First National Bank of Arizona
9/2005 – 4/2007
Maintained $2,000,000 signing authority, performing all facets of underwriting for the Wholesale business channel. Completing a minimum of 4-6 manual underwrites per day, 10-15 AUS underwrites, 20-25 conditions clearing underwrites, in addition to exception requests, immediate conditions application and review, collateral valuation, self-employment and complex income reconciliation; specializing in frontline (manual and AUS) decisions, ensuring compliant guideline and regulatory (Fannie Mae and Freddie Mac) implementation.
Education
NEW YORK CITY TECHNICAL COLLEGE - Brooklyn, NY - Completed one year of college courses in Business Administration
Training Courses
Appraisal standards and ethics; basic appraisal principles and procedures; fundamentals of real property appraisal 101; and fraud Web Bas training; the self-employed borrower; commercial and FHA underwriting; advance underwriting documentation; financing and mortgage Insurance; adjustable-Rate Mortgage; consumer service; management Training; loan prospector; desktop originator system; FHA total scorecard; clues; computer troubleshooting training; and extensive computer software training Software Expertise MS Office suite, Windows 10x, MS Outlook, MS Access, Mortgage Software- DU, LP, Fraud Management, Excel, Empower, Calyx Points, Desktop Underwriter (DU), Loan Prospector (LP), AUS processing system, Audit Genius, FEMA Flood Services, Lexis-Nexis, Core Logic/History Pro/Loan Safe Property Valuation System
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