Mortgage Loan Processor

Cheryl Downs

113 BLOSSOM ST., LOWELL, MA 01852   Cell:
978-660-0127 : che_1996@yahoo.com

 

Work Experience

 

Senior
Loan Processor

March 2013 to July 2013

 

Mortgage
Financial –
Tewksbury, MA       
Reviewing underwriter stips including
pay stubs  W2's, .     
Bank statements, Tax Returns, per
FNMA/FMAC guidelines.                                                                                                                
Ordered Flood Certification, tax transcripts and verifications of employed
and self employed borrowers.  
Requested updated appraisals, desk reviews and field reviews. 
Worked with Compliance and Lock Desk to ensure loans met RESPA and TILA
guidelines, 
Worked with Loan Officers and Borrowers to complete conditions required
to finalize the loan  
Knowledge of Encompass

 

Mortgage
Processor

 

September 2012 to March 2013

Accountemps-Contract
– Marlborough, MA       
Q. C. closed loans       
Clearing Conditions    
Preparing loans for review for Clear to
Close       
Gathering Conditions  

 

Loan
Specialist

April 2011 to March 2012

 

MetLife
Home Loans

Lowell, MA

       
Contacting closing attorneys for correct
fees.     
Set up and disclosing of all loans
including FHA and VA       
Q. C. closed loans for all
Documentation.       
Scanning documents into work flow.

 

Loan
Specialist

March 2010 to March 2011

Accountemps-Contract
 Burlington, MA
       
Set up and worked with attorney to
disclosed all loans correctly.      
Scanning all documents into Work Flow.      
Assisting processors to get loans
closed.       
Packaged closed loans for storage.

 

Mortgage
Operations

 

September 2009 to January 2010

All
Star Staffing-Contract
– Boston, MA       
Processing of VA, FHA and Conventional
loans.

 

Mortgage
Operations

January 2009 to July 2009

Winter
Wyman Financial-Contract
– Waltham, MA     
Preparing loans for closing packages
reviewing HUD's prior to closing and scheduling loan closing .      
Reviewing closed files for missing docs.     
Contacting closing attorneys for missing
documentation.      
Processing of VA, FHA and Conventional
loans.

FINANCIAL
ANALYST

09/08 to 1/09

MANPOWER-Contract
– Shrewsbury, MA
Working for IBM preparing quotes and
coversheet for renewal of software products for customers pulling them into
Oracale from onyx and checking prices each line at a time making corrections
when necessary.      
Also preparing quotes for customers.   
Placing new orders into Orcale Database
for OEM Customers.       
Making copies and keeping data by filing
orders.      
Knowledge of Oracle, Onyx and Lotus
Notes software database.

 

MARKETING
SPECIALIST

01/08-9/08

WIS
INTERNATIONAL

Lowell, MA.


Working off of Plan-O-Grams
in stores to customer's specifications . Placing product in correct locations also labels and moved shelves so that all products were visible.
Basically working on your own with
instructions.



LOAN
PROCESSOR

September 2005 to June 2007

 

DELTA
FUNDING CORP

Waltham, MA

     
Reviewing underwriter stips including
Appraisals, HUD's, Titles, Deeds as well as, income docs including pay stub
calculations, W2's, .     
Bank statements, Tax Returns, per Delta
guidelines.
Strong mathematical skills.    
Ordered Flood Certs, Building
Violations, verifications of self employed borrowers.  
Preliminary QC of all documentation.
Working on complicated files by changing the structure
of the loan to meet the guidelines required by Delta.  
Work with Account Executives and Brokers
to complete conditions required to finalize the loan.  
Coordinated with the closing department
to insure timely, accurate closing docs were sent.    
Training of new hires.
Delegating to other staff members as
needed to complete loan files.
Strong relationships with all office
members, strong team player.   
Assigned as processor to the Regional
Sales Manager , 400+ brokers assigned to me.
60-80 files in my pipelines 
Strong interpersonal skills.
Daily contact and follow up with
brokers.  
Worked directly with the Regional Sales
Manager. Top processor several months closing the most units in the New England
Region.

DATA
ENTRY ADMINISTRATOR

August 2004 to May 2004

FIRST
FRANKLIN FINANCIAL-Contract
– Woburn, MA   
Data Entry on loans for pre-decision,
ordering disclosures, credit reports.  
Also worked on front desk, answering
phones and directed them to the correct contact.

 

Assistant
Underwriter

January 2001 to June 2004

FLAGSTAR
BANK, INC ASS'T UNDERWRITER
– Wakefield, MA  
Reviewed underwriter's conditions
including appraisals, HUD's, Title's, tax returns, income requirements Fannie
Mae/Freddie Mac guidelines.
Have processed incoming mortgage
applications. 
Entering into Desktop Underwriter and
Loan Prospector for pre-decision.  
Register loans, order Flood Certs,
appraisals and any missing documents, pull credit reports if necessary.
Process Truth-In-Lending statements,
calculate and/or verify FICO scores,
Knowledge of all post-closing documents,
handle all status calls, answer phones, train new employees, filling in for the
receptionist when needed
Acquired a working knowledge of Mortrac
& IDM software.

  • ID#: 73542
  • Location: Lowell, MA , 01852

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