Loan Processor Senior
Resume:
Marquita Allen
***** ****** **** ***. **********, TX 76065
********.*******@*****.***
EXPERIENCE
Fremont Bank
October 2020- Present
Senior Loan Processor/ Underwriter
•Responsible for preparing, inputting and reviewing HUD disbursement worksheets and settlement statements.
• Expertise in conforming and non-confirming loans, Fannie Mae & Freddie Mac Guidelines, FHA, VA, USDA, Rural development loans Conventional, Heloc Wholesale, SBA 7, commercial loans, construction loans and Syndicated Loans
•Used Loan IQ, Empower and blackknight systems on a daily basis
•Familiar with different commercial financial statements including UCC, articles of incorporation, bank statements, Profit & Loss, Business Tax Returns
•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.
•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 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.
•Determines credit worthiness and risk associated with borrower based on credit profile.
•Applies understanding of established guidelines, Fair Lending and all other regulatory requirements when evaluating loan attributes while utilizing prudent underwriting judgment and experience.
•Utilizes lending authority and mature understanding of all aspects of Mortgage and/or Home Equity underwriting and portfolio guidelines to underwrite moderately complex loan files.
•Performs Credit & Income Analysis, Risk Assessment, and Loan to Value Ratios, Debt to Income Ratios as well as Compliance and Quality Control Reviews and evaluates credit applications to assess the loan package for approval of fraudulent activity, and provides feedback to the Processors and Originators to improve the quality of the loan files.
•Provided meticulous attention to detail in underwriting mortgages.
•Review performing repayment & stipulated repayment plan loans and through borrower contact and/or loan analysis, initiate loan modifications in alignment with NPV results and internal guidelines and policies. Federal Home Loan Bank of Dallas
July 2017- October 2020
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
•Credit or Collateral Analyst from either asset based lending, invoice discounting, factoring .
•Maintains protocols for segregation and tracking of pledged and unpledged loan collateral for non-investor loan les 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 lings, Interagency Guidance, and property inspections.
Northern Trust & Bank
December 2016- June 2017
Senior Mortgage Loan Specialist
•Processed wholesale loans, HELOC’s, refinance, purchase, FHA, Construction, VA and builder.
•Responsible for processing loans from set-up to closing by verifying, compiling and entering borrower information in to loan processing systems.
•Submit mortgage loan application files for underwriting approval, and creates and mails approval or denial letters to applicants.
•Communicate with various companies to obtain vendor information including, but not limited to, verification of employment, flood certificate, title commitment, and payoff information.
•Review residential loan application files to verity that application is complete and meet establishment standards, including type and amount of mortgage, borrower assets, liabilities and length of employment.
•Upload all documents into Encompass on a “when received” basis; acknowledge receipt with the client same day when possible and verify documentation received meets requirements as needed.
•Double-checking information documented on loan application with source document for accuracy and completeness.
•Validate appropriate documents as required by processing options such as DU/LP.
•Manage pipeline within allotted turn times.
Citibank
Sep 2002- December 2016
Senior Commercial Credit Analyst
•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, high-rise loans and Syndicated loans
•Parallel run between Calyx Point to Loan IQ systems, migrating all syndication documents to Loan IQ from calyx point.
•Analyzed submitted data associated with loan packages for accurateness and completeness.
•Performed assigned tasks in collaboration with high efficiency AFS Relationship Process transactions and Credit Officers.
•Receive commercial (small business) loans and prep the documents received before scanning them.
•Reviewed loan documentation i.e., credit reports, credit applications, (S.O.S) Secretary of State, approval letter from the funding source, legal land, invoices, etc.
•Run amortization schedules to verify monthly payments and commission due.
•Ensured that the total finance amount approved is calculated correctly and is within the percentage range when time due for prefunding and final funding
•Analyzed loan documentation requirements in order to detect incomplete, insufficient, or questionable information.
•Processed new UCC filings; tracked UCC information; checked tickler file periodically to process paperwork in a timely manner regarding continuations.
•Received financial statements and enter required data into tracking spreadsheets; communicates with a loan officer regarding financial statements that are pending.
Preparing, reviewing, and analyzing the creditworthiness of all applicant’s loan requests by spreading company and personal financial statements.
•Manages loan applications and assists borrowers by communicating via email and phone to determine if the loan is a candidate for the SBA Loan Program.
•Presents loan requests to the Worked Bank’s loan committee.
•Preparing credit presentations/memos for loan request analysis and approval
•Assists and counsels originators in qualifying loans, determining borrower’s needs, determining appropriate commercial loan product in light of needs, and obtaining requisite financial data
•Leverages Moody’s Risk Analyst to generate credit grades within policy guidelines
•Recommends and manages the transfer of impaired loans to the bank’s special assets division (ARMS).
•Collaboration with Retail Collections and Special Asset Group required during the loan transfer process Education:
Northlake College- Associate Degree
Awards:
2021 Fremont Bank Elite
Skills:
•Encompass 360, Empower, Black Knight/ MSP, Loan IQ, Calyx Point, AFS, ARM, Blend, loan servicing, DU, LP and underwriting
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