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L Pallares Jan 2017
- 1. LINDA PALLARES 6019 E. Prado Street Anaheim Hills, CA 92807 (714) 283-0488 (714) 356-2674 pallares@sbcglobal.net OBJECTIVE: Mortgage Loan Professional with over 20 years of experience in the Banking and Mortgage Industry. Self- driven to continuously improve, achieve and exceed Key Performance Indicators through leadership and teamwork. Promote positive attitude by empowering associates, recognizing individual differences, assigning responsibility, holding individuals accountable, making the best use of existing resources and giving and taking feedback regularly. Actively searching opportunities based on customer needs, sharing best practices, turning strategy into actions and delivering results. Challenges what we are doing, and how it can be done better. SUMMARY OF PROFESSIONAL EXPERIENCE & SKILLS Microsoft, Outlook, Excel, Access, PowerPoint, Internet Explorer and 10-Key by touch, Typing 65 WPM Data-Trac, Point, Calyx, Loan Trac, LSI, LPSP, MERS, Real Quest, Lift, The Work Number, Lexis-Nexus, Etrac, QC Websites, Ops, Blitz Knowledgeable in FNMA, FHLMC, FHA, VA guidelines and Default Reporting including collections, Loss Mitigation, Foreclosures, Charge-Offs Bankruptcy, Escrow-Tax Insurance Authority in making independent decisions; review situations accurately and determine appropriate action according to established guidelines; establish and maintain effective working relationships with others Review risk analysis and decision making regarding deficiencies identified during the process Excellent time management skills to effectively prioritize multiple objectives and achieve volume goals Conduct title search to compile chain of title, prepare endorsements, vesting issues, liens and judgments Reviewed loan applications, credit documents, appraisals, etc. to process and complete mortgage loan files Knowledge of State Guidelines as it relates to vesting/Martial Status requirements Ability to work under pressure in fast paced environment. Perform projects with minimal supervision.. Review risk analysis and decision making regarding deficiencies identified during the process Excellent time management skills to effectively prioritize multiple objectives and achieve volume goals. Processing, funding, and closing mortgage loans. Knowledge of TRID (balancing/amending figures) Knowledge of RESPA guidelines as it relates to HUD's EMPLOYMENT HISTORY On-Call Staffing 08/2016 12/ 2016 5075 Shoreham Pl #110. San Diego, CA 92122 Sierra Pacific Mortgage 4100 Newport Place Newport Beach, CA 92660 Assistant Funder Enter all new files in OPS and assign to funders Review the signed docs stack for the funder Scan and upload complete signed file Complete the process of a loan file as per guidelines; Trid. Preparations of Loan Documents as per client and us the lender Review of Commitment Letter, Application (1003) , Apprasials ,Closing Protection Letter Bailee Letter, VOEs; Loan Estimate (Closer) Invoices , Home Owners Insurance, Flood Cert , H0-6, Payoffs, Puchase Agreement, Title Excel spread sheet with files that are received daily and send out to Brokers, AE and upper management. Search Pro Staffing 04//2016 -06/2016 6363 AURBURN BLVD. CITRUS HEIGHTS, CA 95621-5276
- 2. First American Title-Flagstar 3 First American Way Santa Ana, Ca 92707 Mortgage Closer Conduct daily follow-up on all work in progress by communicating with settlement agent, processor for status reports Review and approve the HUDS/CD Preparation per guidelines as related to Closing Disclosure In put each loan in Loan Trac and submit initial CD to Borrower, escrow Loan officer and processor Review and approveCD, disclose of CDs to borrowers Complete the process of a loan file as per guidelines; Trid Balancing and amending figures per settlement agent. Preparations of Loan Documents as per client and us the lender Review of Commitment Letter, Application (1003) , Apprasials ,Closing Protection Letter Bailee Letter, VOEs; Loan Estimate (Closer) Invoices , Home Owners Insurance, Flood Cert , H0-6, Payoffs, Puchase Agreement, Title Complete each file in a timely manner review and approve CD, disclosure of CD to Borrower, and Settlement Agent TriMavin 1851 E. 1st Street Ste 700 Santa Ana, CA 92705 03/2015-12//2015 QC Coordinator Conduct daily follow-up on all work in progress by communicating with appraisers for status reports Resolved issues and answered questions in a timely manner to ensure continued customer satisfaction. Perform detailed review of credit documents, and origination documents. Review risk analysis and decision making regarding deficiencies identified during the process Review and clear Queues QC Outstanding Que and QC Resubmission, In Reviewfiles, and run SSR;s Perform audit of documents to ensure completeness and accuracy. Track appraisers turn-times to make sure an efficient appraisal order process is maintained. Participat in department meetings to discuss and enhance appraisal process. Provided follow-up calls, placed appraisal orders and coordinated all ordering aspects of the appraisal life cycle. Handled escalated calls, coordinated issues, recommended solutions and provided excellent customer service. . Carrington 1610 E Saint Andrew Santa Ana, CA 92705 11//2013-10/2014 Underwriter, Component Maintaining an extensive knowledge of GSE/HFI loan modification documents Generate documents in compliance with all FNMA/FHLMC GSE/HFI programs Perform detailed review of credit documents, and orig Underwriter, Component ination documents. Review risk analysis and decision making regarding deficiencies identified during the process Determine and request recorded documents. Perform audit of documents to ensure completeness and accuracy. Nation Star Mortgage 02/2013 -10/2013 123 Technology Irvine, CA Closer Funder Post Closing Draw Docs for closing, stack files, verify address names, signatures are in compliant to ensure docs are drawn correct. Verify program, fees on HUD-1 are within FHA guidelines and to ensure fees match our GFE and ensure payoffs are updated. Send out initial and additional docs review signed loan docs to prior to escrow signing of docs review and approve estimated Reviewed Huds-1, TILs, for accuracy docs have been signed dated notarized. Set up funding for FHA, Conv. VA loans. Signed off on funding and underwriting conditions. Review of final HUD-1 on Conv., FHA and VA loans. Verify and calculate impounds for taxes and insurance (if applicable). Contact escrow for Funding and Wire funds to title for disbursement. Verify for accuracy as the liaison to title companies, brokers, and investors. Reviews loan application files to verify that all data is complete and meets standards, including the loan type and purpose, borrower assets, liabilities, and employment. Drew loan documents for closing, stack files, verify signatures were compliant, & sent wires to title company for closing.
- 3. Aerotek Professional Services Santa Ana, CA 10/2011- 11/2012 Wells Fargo Costa Mesa, CA Funder/Doc Drawer Responsible for coordinating funding with brokers and settlement agencies. Review and balance Final HUD-1, Auditing signed loan documents for accuracy, completeness, and compliance. Request wire for funds to title for disbursement to title for disbursements, resolve any issues in a timely manner Analyze and prepare Lock Expiration Report for Accounts Executives, Management. Interpreting policies while analyzing applicant, property and documentation. Spherion Staffing Agency 08/2010 12/010 Wells Fargo, Irvine, CA Prefunding Analysis Funding Analysis Ordered 4506T forms on a daily basis thru Via Rapid Reporting. Evaluate income and borrowers credit for mortgage loan. Archived IRS rejection or unprocessed 4506T to research and note in LPSP system. Communicated with internal and external vendors to clear issues relating to each loan. Stearns Lending, Santa Ana, CA 09/2009 04/2010 Quality Control Audit Specialist Performed pre-funding audits of loan products to ensure policies, procedures and investor guidelines compliance. Decreased the risk of repurchases loan processing documents for accuracy to increase profitability. Performed sufficient investigative work to resolve issues that indicate a potential for fraud. Audited purchase contracts, appraisals, preliminary title reports and escrow information.. Reviewed Social Security Issues and OFAC checks, address and employment history, VOE, VOD, licensing, assets. & collateral. Requested cancelled payroll checks, copy of business licenses or executed 4506T to clarify any issues. Analyze regular and loan level data, summarize the results, suggest resolution and assist with implementation and follow up when appropriate. Communicate audit finding to VP, and Senior Management Participate in the review and development of new and/or revisions to Quality Control policies and procedures. Suspense Auditor: Cross trained in the QC department as well. Met the commitments and responsibilities given and top producer in keeping my pipeline maintained and manageable. I manage to assist others with their questions and work with various mortgage documents and loan products. Impac Companies, Irvine, CA Idasl Help Desk Underwriter 09/2005 05/2007 Handled heavy daily volume of help desk calls for underwriting, review and approval. Analyzed Idasl 1003s for credit risk, for make-sense credit exceptions and decisions. Review credit report, Provided prompt response to customer request for credit exceptions, input guidance or assistance. Strong verbal and written skills for positive communication and customer education. Impac Companies, Irvine, CA Auditor Conduit Purchaser 08/2000 - 09/2005 Audited legal mortgage loans documents and credit package. Communicated with Conduit Sellers regarding outstanding conditions prior to purchase. Reviewed the HUD 1 & if necessary the payment history to insure the file is purchased & setup. Verified rate, discount points from audit evaluation & when complete authorize for purchase. Prepared collateral package for Warehouse Lender and mini file for Post Closing Department. Fremont Investment & Loan, Anaheim, CA 04/1998 - 08/2000 Senior Funder Funded high volume loans on a monthly basis and one of the top funders on my team. Assisted other funders to achieve projected monthly figures. Audited loan legal documents prior to funding loans. . Accountable for ordering monies for next day funding, and wire disbursement to Escrow. Managed and updated assigned pipeline daily and prepared collateral packages.
- 4. Communicated well with Brokers/Escrow/AE/Account Managers. EDUCATION & SKILLS Southern California Institute of Technology, Anaheim CA Bachelor of Science Accounting 2010 Associates of Arts Degree Business Administration 2009 Accounting Specialist Diploma 2008 In recognition of the achieve the Professors Exemplary Graduated with Honors: Cum Laude