Business Analyst Real Estate

Laurie J. Vargas

** ******* **, ************ ** *6109

860-***-**** *********@******.***

TECHNICAL KNOWLEDGE

SAP, Microsoft Word, Excel, Outlook, PowerPoint, SharePoint, Lexis Nexis, Infogix Insight, RUMBA, Fidelity Lending, OneTouch Sales & Service, SageWorks/Abrigo, ACBS

PROFESSIONAL EXPERIENCE:

Webster Bank, Southington CT

Director, Commercial Loan Workout July 2023 – Present

Manage a portfolio of Commercial Real Estate Loans that have been classified and transferred to the Commercial Workout department.

Evaluate credit file information and develop plan for resolution to minimize exposure for the Bank.

Coordinate with inside/outside legal counsel.

Negotiate waivers and forbearance agreements.

Webster Bank, Southington CT October 2022 – July 2023

Manager, Commercial Loan Workout

Manage all department projects to completion.

Integral part of business merger and implementation.

Assist with managing a portfolio of adversely rated commercial loans.

Prepare quarterly problem loan management reports.

Review and analyze all pertinent credit and financial information and complete ongoing credit monitoring to assess credit risk to the Bank.

Evaluate credit file information to develop a plan for resolution of loans.

Webster Bank, Southington CT May 2021 – October 2022

Senior Business Analyst, Officer

Responsible for all Department reporting

Assist SVP with highly complex Loan Workouts, borrower in person meetings/site visits.

Prepare Quarterly Problem Asset Reports and Impairment Reports

Financial spreading, Analysis of balance sheets, income projections, budgets cash flows, pricing, and risk rating

Point of contact/liaison for Department migration to new system software

Webster Bank, Southington CT December 2018 – May 2021

Business Analyst

Gather data and prepare all Department presentations.

Complete all Department projects to completion under the direction of the Commercial Restructure & Recovery Director

Responsible for all Department reporting

Financial spreading, Analysis of balance sheets, income projections, budgets cash flows, pricing, and risk rating

Webster Bank, New Britain CT March 2017 – December 2018

Associate Business Information Analyst

Designed and built Quality Control Procedures for the Loan Operations Department

Created detailed project plan for the monthly review of business records to ensure compliance and risk rating.

Instrumental role in planning and executing multiple projects from beginning through successful completion.

Assist in the annual year-end tax process for the Operations Department

The McCue Mortgage Company, New Britain CT March 2015 – February 2017

Loan Administration Supervisor

Single point of contact for daily operations for Loan Administration Department

Managed collections, Loss Mitigation & Servicing Departments

Established and implemented policies, procedures, and workflows to create operational proficiency.

Lead investor audit projects

Maintained budget for Loan Operations Department.

Completed Investor Reporting

Connecticut Housing Finance Authority, Rocky Hill CT April 2013 - August 2014

Underwriter

Analyzed loans to ensure accuracy and compliance with guidelines and borrower credit worthiness.

Reviewed files for potential risks to guidelines.

Processed renewals.

Plaza Home Mortgage, Remote November 2012 – March 2013

Jr. Underwriter

Gathered, reviewed & analyzed credit and collateral loan documentation to issue underwriting decision.

Functioned as a liaison; communicated underwriting decision and conditions to brokers and loan officers.

Reviewed credit documents for accuracy and completeness.

Evaluated and ensured correct underwriting decision.

Bank of America, Farmington CT April 2009 - November 2012

Home Service Specialist II

Provide initial credit/collateral decision while complying with investor guidelines.

Subject matter expert for processing and underwriting process for new employees

Coordinated closing activities.

Issued change to terms when necessary.

GMAC Financial Services, Rocky Hill CT July 2000 – August 2008

Credit Administrator/Dealer Service Specialist

Lead Dealership audits

Processed contracts, check disbursements and consumer disputes.

Managed insurance claim check endorsement process and special projects

Subject matter expert for customers and employees to answer questions, disseminate or explain information and address complaints.

EDUCATION

Successfully passed RMA University Lending Decision Process course

Successfully completed Lean Six Sigma Yellow Belt & Lean Six Sigma Green Belt exam.

Wethersfield High School, Wethersfield CT, graduated 1999.

Connecticut School of Real Estate Attended 2007 – 2008 – Successfully passed CT Salesperson Exam

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