Credit Analyst Loan Officers

PHILO NAKACHWA

**** **** ****** ** ****** ISLAND, WA 98040 425-***-**** *********@*****.***

FINANCIAL EXECUTIVE

OVER 17 YEARS OF EXPERIENCE DETERMINING THE CREDIT WORTHINESS OF BORROWERS, REVIEWING THE DEGREE OF

RISK INVOLVED IN EXTENDING CREDIT, WHILE MAINTAINING A HIGH-LEVEL OF SERVICE. HIGH POSITIVE CUSTOMER INTERACTIONS

SUMMARY OF QUALIFICATIONS

Multi-Project Strategist

Customer Satisfaction Driven

Passion to learn and Accept Change

Creative Thinker – Development of New Policies to Curtail Processes

Team Motivator – Events and Contests

PROFESSIONAL EXPERIENCE

SEP 2016 – APRIL 2017 GBC INTERNATIONAL BANK BELLEVUE WA

Credit Analyst

Supported loan officers in handling credit analyst functions in transactions related to term loans and commercial and industrial lines of credit. Spread and analyzed financial statements and tax returns for commercial loan officers. Prepared written analysis to accurately identify problems, trends, and changes in financial statements, cash flow, and ratios. Performed all functions of client advising on financial statement analysis and operated within policy guidelines.

APR 2016 – AUG 2016 CORNERSTONE MORTGAGE BELLEVUE WA

Senior Loan Processor

Processed FNMA, LP, Conventional, JUMBO, FHA, VA, USDA Loans. Monitored disclosures to ensure compliance with TRID. Reviewed 1003 & 1008 for completeness ensuring documentation adheres to investor requirements. Run DU/LP, CPM and cleared underwriter’s conditions, verified terms of loans. Priced and locked loans. Examined assets, ordered closing protection letter, wire instructions, 4506 T's, mortgage statements/VOM, VOR. Reviewed appraisals and collateral supporting documents.

2013 – 2015 HOMESTREET BANK SEATTLE WA

Credit Analyst, Condo Underwriter

Analyzed financial statements & tax returns for multiple entities and individuals. Calculated debt service coverage, global cash flow, EBIDA, working capital, equity. Examined adjustments to retained earnings, profit margins, liquidity and leverage. Prepared cashflow projections, stress test, covenant analysis, sensitivity analysis. Analyzed Commercial Real Estate Term loans, C&I loans, Construction draw down lines of credit, Working Capital LOC, Equipment loans, Annual Term Loan Reviews. Negotiated payment arrangements with customers who had delinquent loans. Handled customer complaints, took appropriate action for resolution. Verified CPM and cleared FNMA conditions and ensured property adhered to CPM/PUD regulations

DEC 2012 – JULY 2013 SALAL CREDIT UNION SEATTLE WA

SENIOR UNDERWRITER

Underwrote FNMA, FREDDIE, Conventional, JUMBO, FHA, VA, USDA Loans and computed principal and interest payment schedules, LTV, DTI. Reviewed 1003 employment, debt, income, assets & Run DU/LP and cleared underwriter’s. Communicated underwriting decision to loan processors. Re-negotiated loan terms and counter offered within guidelines.

JUL 2006 – NOV 2012 UMPQUA BANK BELLEVUE WA

Credit Analyst, Loan Assistant

Supported loan officers in handling credit analyst functions for transactions related to term loans and commercial and industrial lines of credit. Spread and analyzed financial statements and tax returns for commercial loan officers. Identified loan purpose, sources of repayment and collateral value. Prepared income & debt service schedules for commercial loan officers

O CT 2002 – OCT 2004 WASHINGTON MUTUAL BELLEVUE, WA

Junior Underwriter

Underwrote FNMA, FREDDIE, Conventional, JUMBO, FHA, VA, USDA Loans and computed principal and interest payment schedules, LTV, DTI. Reviewed 1003 employment, debt, income, assets & Run DU/LP and cleared underwriter’s. Analyzed tax returns, paystubs and other sources of income and calculated wages, rental income. Examined assets such as earnest money, bank statements, gift funds, stocks, bonds, marketable securities, retirement funds to determine source of down payment, reserves. Reviewed credit report debt and calculated Debt to income. Reviewed appraisals and collateral supporting documents. Ensured risk was acceptable and loan documentation was complete, accurate and compliant to investor requirements. Communicated underwriting decision to loan processors. Re-negotiated loan terms and counter offered within guidelines. Participated in site visits.

EDUCATION

Bachelor’s Degree - Nkumba University-Ug.EA 1995-1998

Credit Analyst Bootcamp 10/2016

Mortgage underwriting training 10/2003

Credit Analyst Training ARM Bootcamp 11/2007

Credit & Risk Management- Omega performance program 02/2015

ADVANCED TECHNICAL SKILLS

Moody’s, Financial Analyzer, CASH, Precision, Credit Quest, Laser Pro, DU, LP, Fizzer, IBS, DocuShare, ITI, OnBase, Metavante, Share Point, Finance Center, MortgageCare, CalyxPoint, Encompass360, Microsoft Office

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