Secondary Mktg/Post Closing Mgr.

Posted on: 2007-08-27

Pauline A. Jordan 707 8th Street Wolfforth, Texas 79382 781-3527 January 2002 to Present – Secondary Mktg/Post Closing Manager Responsible for locking all loans with various Investors, assisting loan officers in finding the right program for loans. Supervise the accounting balance all accounts to the general ledger and checking all loan purchases. Supervising the shipping of loans on the secondary market, payment of MIP and Funding Fees; insuring all loans with FHA and VA. Making sure first payment letters/good-bye letters are sent out to borrowers. Supervising the Final Document Portion of the post closing area. Underwriting FHA/VA and CONV (1yr) Closing, Funding, Shipping, Insuring and Accounting for the entire back end process. January 2001 to January 2002 – Capitol Mortgage Services – Closer/Vice President Responsible for issuing closing instructions and funding all loans. Selling a portion of those loans on the secondary market and the remainder to FNMA and transmitting information via Mornet to FNMA. Insuring all FHA and VA loans and sending out final documentation to the investors. February 1986 – January 2001 – Post Closing/Shipping Manager Responsible for supervising the shipping, insuring and final documentation of all loans for 20 branch offices. Liaison for branches to the different investors. Checked all purchase advices for accuracy. Sent out first payment letters to borrowers and made sure that all mortgage payments were received. West Central Investment Receptionist, kept up with payment of appraisals and credit reports for closer. Ordered appraisals and credit reports for loans. Kept up with office supplies, and maintenance of office equipment. Investors Inc. GNMA I, II and FNMA Pool Specialist. Also shipped various specialty loans to TDHCA, and the Texas Veterans Land Board. Foreclosure Administrator Responsible for the foreclosure process and subsequent filing of claims with FHA and VA. Also responsible for upkeep of the REO properties prior to re-sale. Marital Status: Married for 24 yrs. Children: Daughter Amanda age 16, 6mos old Golden Retriever (Rascal) Hobbies: Cooking, Cross Stitch, Walking Reference: Available upon request