Quality Control Real Estate

Victor Mukasa

***** **** ****** ***, **** ***

Germantown, MD 20874

Home: (301) -515-7375

Cell: (202) - 431-2602

Email: ********@*******.***

PROFESSIONAL SKILLS:

Remarkable experience in loan audit and underwriting.

Adept at identifying misrepresentation and other loan deficiencies.

Background in loan underwriting, Quality Assurance/Quality Control, modifications, repurchase, and forensic analysis.

Expertise in FNMA/FHLMC guidelines, HMDA, TILA, RESPA, TRID and lending practices.

Investigative due diligence experience at the macro and micro level for residential portfolios of prime, alt a, performing and non-performing loans.

ADDITIONAL SKILLS:

Ability to improve front-end and back-end processes and recovery strategy.

Solid and extensive knowledge of manual underwriting of conforming and non-conforming loans.

Superior verbal, written communication and customer service skills

Familiar with the automated systems used in loan underwriting, DU/LP

Ability to perform tasks accurately under deadline pressure

Skilled in computer applications like MS Office, PowerPoint, Excel, and Access

Deep understanding of Loan re-purchase, Regulatory Risk Controls, and various Mortgage Loan Origination Systems.

Exceptional writing skills

Knowledge of Multifamily business

Commercial real estate experience

EXPERIENCE:

10/24- 05/25 U.S. Small Business Administration Washington, DC

Loan Specialist

Process home and/or business loans and make recommendations on collateral needed to secure loans.

Apply accepted financial procedures to analyze financial resources to determine an applicant's ability to repay requested loans.

Review all pertinent facts needed to make eligibility determinations by analyzing such factors as the nature and cause of damage, intended use of proceeds, legislative and administrative loan limits, and disposition of insurance and other recoveries.

Ensure loan files contain all pertinent documentation to include conversations with applicants and written recommendations or justifications for conclusions.

Process loan applications on web-based computer systems

Respond in writing to applicants or their representatives

Knowledge of real estate property fundamentals and Multifamily real estate lending/underwriting

01/22- 06/24 Technology Ventures LLC/Fannie Mae McLean, VA

Senior Quality Control (QC) Mortgage Underwriter (Contract position)

Perform AUS and Manual QC underwriting of conventional loans including a detailed review of the residential mortgage loan application and documentation as submitted to ensure loans meet agency underwriting guidelines.

Analyze loan risk and request additional information as necessary.

06/20- 04/2022 Evolve Mortgage Services – NMLS #838854 Frisco, TX

Senior Frontline/CLDD (Closed Loan Due Diligence) Mortgage Underwriter

Underwrite conventional and/or jumbo mortgage loan applications.

Identify any additional conditions as needed to insure a viable credit decision

Analyze borrower’s credit profile, collateral and capacity to repay the proposed mortgage obligation

Review property appraisal

Accurately calculate borrower’s income and debt-to-income ratios based on acceptable agency and company practices

Effectively communicate all lending decisions to appropriate parties as defined by company

Run, read, and interpret automated underwriting decision results from both Desktop Underwriter and Loan Prospector

Develop and maintain knowledge of multiple loan product guidelines

Document lending decisions and complete required screens in the mrn3 underwriting system as well as adding and/or creating applicable conditions on the loan Decision letter

Review conditions submitted on loans and sign off on conditions where appropriate

Prioritize new assignments, TDoc, and escalation queue to ensure service level agreements are met. Consistently meet or exceed established minimum productivity and quality goals

Provide quality control responses in a timely manner.

02/20- 04/21 Recovco Mortgage Management Irving, TX

Senior Forensic Mortgage Underwriter (Contract position)

Investigating and determining what went wrong with a loan or mortgage.

Evaluating failed risk assessments.

Investigating fraud.

Making recommendations to improve the underwriting process.

Reviewing closed loans to ensure compliance with applicable laws.

Performing in-depth audits on selected loans to verify documentation accuracy.

Re-verifying information from the loan application to identify deficiencies and potentially fraudulent activity.

12/19- 09/20 Consolidated Analytics Anaheim, CA

Senior Forensic Mortgage Underwriter (Contract position)

Due Diligence Mortgage Underwriter

09/19- 12/19 The Oakleaf Group LLC Bethesda, MD

Senior Forensic Mortgage Underwriter (Contract position)

Performing risk analysis and due diligence review on client’s mortgage loan files.

Making appropriate and intelligent decisions to identify deficiencies and fraud through a forensic and detailed review of each mortgage loan file, ultimately drafting a repurchase demand letter according to related company, industry and federal guidelines, financials, and supporting documentation including making sure that Mortgage Insurance is accurate.

Performing sufficient investigative work to detail any fraudulent components

02/16- 08/19 Freddie Mac McLean, VA

SF Underwriting Sr

Complete full loan file Quality Control Underwriting review to cover all aspects of credit, capacity, collateral, TRID to determine investment quality and alignment with credit philosophy.

Issue repurchase demands to customers when defects are discovered in the loan file.

Proactively identify and monitor adverse trends and report findings.

02/14- 02/16 The Oakleaf Group LLC Chevy Chase, MD

Senior Forensic Mortgage Underwriter (Contract position)

Review and evaluate consumer real estate loan applications for completeness and

accuracy utilizing FNMA/FHLMC guidelines and lending practices.

Obtain credit information on applicable parties and ensure that the applicant’s income, financials, and supporting documentation including Mortgage Insurance is accurate.

Ensure that each file complies with real estate regulatory requirements and

consumer lending laws from origination to closing.

Establish and maintain a good working relationship with the underwriting team and Loan Compliance by providing professional, timely and consistent responses related to consumer real estate underwriting questions.

Train and mentor Consumer Loan Underwriter 1. Serve as a back-up on an as

needed basis.

Analyze employment profile, credit strength, property characteristics, and all other information pertinent to the credit decision process on each mortgage application.

Apply Lender guidelines including (Fannie Mae and Freddie Mac) to the credit decision process.

08/12- 12/2013 Freddie Mac/Crosby Corporation Laurel, MD

Mortgage Underwriting (Contract position)

Contract mortgage underwriter Team Lead at Freddie Mac; Responsible for reviewing closed loans utilizing FNMA/FHLMC guidelines and lending practices.

Maintain applicable compliance conformity as it relates to data integrity and risk management.

Analyze documentation for evidence of deficiencies, fraud, or lack of compliance.

Examine personal and business tax returns, financial statements, and all income and asset documentation in the file for accuracy and authenticity.

Conduct investigations on non-performing loans for the purpose of identifying deficiencies if any.

Review early payment default loans and mortgage insurance denial claims.

Prepare repurchase letters with supporting documentation and in appropriate language.

Recommend decline of Lender appeals of non-investment quality loans, determine corrective action and maintain effective relationships with sellers and other clients.

05/2012 – 08/2012 Wells Fargo Maryland, MD

Senior Mortgage Underwriter

Responsible for reviewing, analyzing, approving and underwriting large, unusual complex individual consumer requests and products within company and industry guidelines.

2/10- 05/2012 Crosby Corporation Laurel, MD

Senior Quality Control Mortgage Underwriting (Contract position)

Utilized extensive underwriting and industry knowledge (FNMA/FHLMC guidelines and lending practices) to perform in-depth forensic review of aged and current non-performing loans to determine investment quality, risk, and fraud.

Evaluated loan files for credit, collateral, and capacity to determine deficiencies and/or investment quality and alignment with Freddie Mac philosophy.

Performed forensic review through the use of public records, LexisNexis and other tools. Recommended loans for acceptance or repurchase.

Entered findings into Quantum (internal data input system), and validated and updated data based on the loan files. Prepared repurchase letters when necessary. Identified and monitored adverse trends and reported major findings.

03/05- 02/10 Stek Financial LLC Rockville, MD

Mortgage Underwriter/Asset Manager (Permanent position)

Handled the tasks of approving loans up to lending authority as well as recommending lending decision on those loans that needed higher lending authority utilizing FNMA/FHLMC guidelines and lending practices.

Performed the responsibility of ensuring that the credit policies and underwriting guidelines adhered to the norms of the organization.

Handled the tasks of updating relevant changes in underwriting guidelines to all Mortgage staff.

Performed responsibilities of underwriting first mortgage and home equity loans to the respective Investor and agencies.

Worked with Loan Consultants and Processors as well as evaluated and suggested alternative scenarios for approval, as required.

Created work-out solutions that best met the company and customer’s financial situation in the form of repayment plans, payment deferments, and sale of property. Refinance and loan modifications were also used as alternatives to foreclosure, including using the HAMP.

Analyzed mortgage loan files to perform loss mitigation/foreclosure analysis.

6/03-03/05 Mortgage Dynamics Inc., Upper Marlboro, MD

Senior Mortgage Analyst (Contract position)

Performed pre-funding review of closed loans for proposed purchase between correspondent lenders on the secondary mortgage market.

Audited closed loan packages to client purchase criteria

Verified compliance with Federal regulations

Reviewed closing documents as well as underwriting documentation and conditions.

Determined if loans met guidelines or if loans were to be suspended pending resolution of deficiencies.

1/00-06/03 Metec Group Inc., /Small Business Administration (SBA) Washington, DC

Due Diligence Specialist (Contract position)

Reviewed Small Business Administration’s (SBA) loan documents

Audited asset documents for collateral accuracy.

Analyzed loans within a portfolio, including home, disaster, and economic injury loans.

EDUCATION:

2011 UMUC Adelphi, MD

Bachelor of Science in Accounting/Business Management completed May 2014.

1998 Hudson Valley Community College Troy, NY

Associate degree Studies in Computer Information Systems, 30 credits completed.

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