Loan Iq Originator
Resume:
Marquita Allen
Midlothian, TX 76065
adyfdm@r.postjobfree.com
Technical Knowledge/ Skills:
• Encompass •Data Verify •Calyx Point
• AS400 •SAP •AFS
• Mercury •The Work Number •Microsoft Office Programs
• ARM •Datatrac • Laser Pro
• Loan IQ • SQL •Empower
• FHA Connection • VA Portal • OFAC
EXPERIENCE
October 2020- Present
Fremont Bank
Senior Processor/ Underwriter
•Responsible for preparing, inputting and reviewing HUD disbursement worksheets and settlement statements.
•Process VA, FHA, Conventional, Heloc Wholesale, SBA, commercial loans and construction loans.
•Familiar with different commercial financial statements including UCC, articles of incorporation, bank statements, Profit & Loss, Business Tax Returns
•Provide support to the director of Credit, Retail Credit Manager and the local credit committee
•Verify and validate initial information at the inception of the loan
•Check for accuracy after loan originator completes disclosure package
•Received various other funding for closing.
•Prepared transaction documents and reviewed other documents.
•Completed calculations by prorating taxes and interest.
•Completed closing transaction documents.
•Reviewed the documents related to indexed loan file
•Maintained current knowledge of contract and product provisions, administration of nationwide products, processing systems and related federal and state regulations.
•Verified customer income/asset listed on loan application.
•Executed closing actions to ensure timely and effective closing process loans.
•Responsible for underwriting mortgages and commercial loans 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 payments. Reviewing financial statement analysis.
•Provided 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 compliance documents Evaluated debt ratio, loan-to-value ratios, credit score, property valuation, and various other factors.
NTAC:3NS-20
•Tax and title review, Determine and documented loan conditions and communicating requirements and/or decisions.
•Adhered to all client/lender policies and procedures, in addition to Federal, State, and/or municipal laws and regulations. Identifies portfolio risks resulting from the clients underlying business practices, underwriting, and/or fraud exposure.
•Participated in identifying potential challenges within the underwriting process and/or department and makes recommendations for changes to improve.
•Remote Underwriter, carry out weekly pipelines with each branch to ensure loans move forward.
•Process wholesale HELOC loans.
•Work with loan officers and brokers to process loans in a timely manner. July 2017- October 2020
Federal Home Loan Bank of Dallas
Senior Collateral Analyst
•Work with Credit and Operations Managers to ensure proper documentation of loans as well as recurring documentation including insurance certificates, financial statements, vehicle titles, compliance certificates and tax returns
•Work with Collateral Manager to ensure proper documentation of loans as well as recurring documentation including insurance certificates, invoices
•Credit or Collateral Analyst from either asset based lending, invoice discounting, factoring
•Assists with developing and maintaining training materials.
•Maintains protocols for segregation and tracking of pledged and unpledged loan collateral for non- investor loan files held for safekeeping in the bank’s trust vault.
•Track and receive borrower’s Borrowing Base Certificate and collateral reports as required in the Loan Agreement and bank policy.
•Reviews, analyzes and determines the legitimacy and accuracy of customer's data.
•Obtains additional information from customers and other banking departments on incomplete or unusual terms through telephone or written communications.
•Excellent organizational and multi-tasking skills with the ability to work in a fast paced environment.
•maintain various reports and analysis pertaining to collateral verifications, collateral valuations, UCC filings, Interagency Guidance, and property inspections.
•Maintains protocols for segregation and tracking of pledged and unpledged loan collateral for non- investor loan files held for safekeeping in the bank’s trust vault
•Expedite the process of institutions Certificate of Deposits (CD’s) activity for the bank
•Track and receive borrower’s Borrowing Base Certificate and collateral reports as required in the Loan Agreement and bank policy
•Prepare spreads on borrower’s monthly financial statements as needed
•Analyze Borrower’s inventory assignments to identify ineligibles, note trends in inventory mix and inventory concentrations, as required by Loan Portfolio Officers.
•Discuss any unusual trends with Borrower and report findings to Loan Portfolio Officers December 2016- June 2017
Northern Trust & Bank/
Senior Mortgage Loan Specialist
•Performed document retrieval and purging consistent with detailed indexing policies and procedures. NTAC:3NS-20
•Processed wholesale loans, Equity line of credit, refinance, purchase, FHA, Construction, VA and builder.
•Adhered to safety and security procedures to ensure document security and confidentiality.
•Contacted borrower with offer and forwarded file to closing for review
•Created manager exceptions for escalated accounts for approval.
•Directed recruitment efforts, and providing advice and coaching on all aspects of recruitment and talent management.
•Input the clients information into empower from start to finish.
•Managed all mortgage loans and ensured completion according to timelines and regulations for all processes.
•Evaluated all title requirements and ensured accuracy of information in forms.
•Prepared and maintained files evaluated all documentation for loans and updated it appropriately in loan system.
•Reviewed all credit disclosures and order title and made required appraisals.
•Managed underwriter conditions, collected and submitted to for underwriting approval.
•Open loan files when a request comes in the division 9 box.
•Verify and validate initial information at the inception of the loan
•Check for accuracy after loan originator completes disclosure package
•Received various other funding for closing.
•Prepared transaction documents and reviewed other documents.
•Completed calculations by prorating taxes and interest.
•Completed closing transaction documents.
•Reviewed the documents related to indexed loan file
•Maintained current knowledge of contract and product provisions, administration of nationwide products, processing systems and related federal and state regulations.
•Verified customer income/asset listed on loan application.
•Executed closing actions to ensure timely and effective closing process. Sep 2002- December 2016
Citibank
Senior Commercial Processor- Underwriter/ Implementation Specialist
•Obtain all necessary financial statements and transaction information in order to analyze credit requests.
•Complete other duties and special projects as assigned by senior management.
•Planned, implemented, and supported the release of Loan IQ, a Commercial Loan application that managed Citibank multi billion dollar commercial loan business.
•Mapping and documenting the current process for loan level reporting and drafting the project plan for migrating.
•Processed construction, SBA, SBA 504, real estate and highrise loans. Also processed commercial credit card loans.
•Used Loan IQ to cover entire Life cycle of Loan.
•Parallel run between Calyx Point to Loan IQ systems, migrating all syndication documents to Loan IQ from calyx point.
•Work with Relationship Managers and Credit Policy Officers to assess credit opportunities, identify key risks, and structure alternatives.
•Implemented data migration using Informatica on demand.
•Analyzed submitted data associated with loan packages for accurateness and completeness. NTAC:3NS-20
•Performed assigned tasks in collaboration with high efficiency AFS Relationship Process transactions and Credit Officers.
•Provided assistance for review of data integrity and provided necessary corrections.
•Established and evaluated every file for incoming loan to assure it had all details as required for loan processing.
•Ensured to have sources of communication open always with lending officer.
•Receive commercial (small business) loans and prep the documents received before scanning them.
•I use citiscan, ARM and AFS on a daily basis to complete the necessary work that needs to be done.
•Prepared essential general ledger and loan entries to input relevant data.
•Reviewed important loan details soon after completion of work day before.
•Corrected data entered using previously prepared data after it got reviewed from system review manager.
•Restructuring loans as needed offering alternatives and assistance.
•Full knowledge of credit, title, appraisal reports as well as analyzing purchase contracts, tax returns, all asset statements (brokerage, retirement, restricted stock & ESOPP) and business entity documentation.
•Figuring the borrower's post loan liquidity and the potential for other suitable financial investments for the client.
•Full knowledge of what is required to satisfy all loan stipulations & conditions. Education:
Northlake College- Associate Degree
Awards:
2021 Fremont Bank Elite
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