Repurchase Underwriter

Lori Ann Gordon

*** ******** ****, ********, ** *7874

***********@***.***

OBJECTIVE: Seeking a mortgage banking position where I can amply contribute to company growth in a department that exhibits new professional challenges, and where my professional experience and expertise will be considered as an added advantage.

EXPERIENCE:

Oct. 2010 QC REPURCHASE UNDERWRITER Morris Plains, NJ

- Present Weichert Financial Services

§ Evaluate loans with repurchase demands for breaches of reps and warrants on residential agency/non-agency demands, MI cancellation and MI claim denials to formulate originators position.

§ Communicate results of evaluations in verbal and written format to Risk Management and Executive Vice President.

§ Responsible for concise and persuasive responses on each evaluation of the demand.

§ Identify red flags that indicate a potential for fraud and investigate to resolve issues that are identified.

§ Proven track record of 66% repurchase rescission rate.

§ Other Duties include, loan-level quality assurance review of loans in target audits, analyze and report on significant all loan quality trends.

Jan. 2009 UNDERWRITING AUDITOR-Quality Control Bridgewater, NJ

– Feb. 2010 MetLife Bank, NA

Oct. 2006 QUALITY CONTROL AUDITOR- Contractor Edison, NJ

- Dec. 2009 AllonHill/EMDS

§ Determined loan elements and deficiencies based on appropriate investor guidelines.

§ Identified excessive risk in loan transaction, including fraud and misrepresentations.

§ Verification of credit, appraisals and legal documents.

§ Recognized credit exceptions and appropriate compensating factors that mitigate risk.

§ Daily preparation of detailed loan level findings reports.

Dec. 2002 AVP- Secondary Marketing Pine Brook, NJ

– Nov. 2005 US Capital Markets Group/ US Mortgage Corp.

§ Coordinated loan purchases with investors – verifying all collateral, bid letters, purchase advice and handling premium recaptures and loan repurchases

§ Acted as liaison between seller and purchaser to promote trouble free purchases.

§ Performed Due Diligence audits and cleared all post closing/underwriting conditions

§ Administrative duties included but not limited to – coordinating travel, reconciling weekly reports, approved billing, etc.

BANKRUPTCY/LOAN SERVICING SPECIALIST

2001 - 2002 Champion Mortgage / Key Bank Corp. Parsippany, NJ

1999 – 2001 GRP Financial Services New York, NY

§ Prepared and filed Proof of Claims on Chapter 7 and 13 files

§ Ordered and reviewed BPO’s of Bankruptcy files scheduled for purchase

§ Processed monthly reports for investors and management

§ Corresponded with attorneys and trustees on case status

EDUCATION:

B.A. – Business Administration Course Work

Hunter College New York, NY 1998 – 1999

Borough of Manhattan Community College New York, NY 1997 – 1998

SKILLS:

§ Extensive knowledge of mortgage industry and experienced in the areas of loan sales, loan processing, underwriting, closing, post closing, due diligence and Quality Control.

§ Experience in mortgage originations, including but not limited to - reviews of appraisals, collateral, title; compliance, collections, bankruptcy and foreclosure; predatory lending and regulatory laws.

§ Knowledge of investor underwriting guidelines, including but not limited to – Chase, GMAC, Wamu, Citi Group, C-Bass, WMC, Impac Funding, Wells Fargo, Indy Mac, FHA, VA, Fannie Mae, and Freddie Mac.

§ Knowledgeable in the following computer software - Microsoft Word, Excel, Access, Pro-Vantage, FICS, TMO, Workflow, Calyx Point, LSAMS, ALLTELL, LexisNexis, Crystal Reporting, Globe, and Integrated Credit Engine (ICE).

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