Loan Document Specialist

Posted on: 2009-07-31

ACCOMPLISHMENTS: Recipient of the 2007 Employee recognition Award for creating an excel document which saved previous employer from potential write ups EXPERIENCE: Titleserv National-Woodbury, New York, New York May 2009-July2009 Loan Document Specialist • Prepared loan closing packages of CEMA’s, cooperatives, FHA, VA, Reverse mortgages and conventional loans • Prepared closing documents of a minimum of 30 loans per week • Prepared affidavits for all fifty states Carver Federal Savings Bank- New York, New York May 2005-August 2008 Closer/ Secondary Marketing Administrator • Promoted to Secondary Marketing Administrator in 2006 • Strong closing experience with cooperatives, condos, CEMA’s • Sold on cash flow and bulk loan basis to various investors for bank income • Prepared closing documents to bank attorneys and attended bank closings and closed on average 30 loans per month • Audited and performed rate locks, pricing product comparisons • Audited closed residential loans for maintenance and management review • Prepared and maintained various Secondary Marketing reports for quarterly and yearly reports • Authorized wires for loan proceeds, open escrow accounts, authorized wire transfers and monitor escrow disbursements • Created closing, secondary sales, lending compliance manuals for employees • Established new relationships with vendors and middle management • Negotiated rate locks, sales and pricing with investors • Conducted monthly audits of closed loans for updated insurance and financials • Audited closed documents for audit department and for pending audit with FHLB and FDIC Gemstone Capital, LLC -New York, New York January 2005 -May 2005 Closer /Vendor Manager • Provided weekly and monthly third reports for Senior Management • Coordinated closings with brokers, escrow attorneys, and purchase attorney • Created loan procedure guides and performed quality control on closed loans • Prepared documents for closings and audited closed loan files for shipment • Managed vendor profile of twenty five clients Response Companies-New York, New York July 2002 –December 2004 Loan Processor/ Team Lead Supervisor (Processed loans for WAMU (Boston & New York); American Home (Denver, Colorado); Citibank (New York)) • Promoted to team lead in 2002 and managed a team of ten consultants • Processed FHA, VA, Fannie Mae, and Freddie Mac loans • Reviewed 1003 form for completion • Determined the loan product for the client’s needs and financial ability • Processed and closed residential/multifamily loans through various lending programs generated pipeline of 80 loans per month • Trained new consultants according the clients lending policy and how loans should be processed • Ordered and review appraisals, insurance policies, credit reports and titles American Property Financing-New York, New York July 2001 – July 2002 Commercial Processor / Internal Auditor • Processed and sold multifamily loans through Freddie Mac and Fannie Mae • Reviewed corporate financials, operating statements, and bank statements • Ordered third party reports i.e. engineering, appraisals, environmental, and credit reports Queens County Savings Bank-Flushing, New York September 1998 – July 2001 Commercial Processor • Processed mixed use, house of worship, multifamily loans for board approval • Reviewed corporate financials, operating statements, and bank statements • Ordered third party reports i.e. engineering, appraisals, environmental, and credit reports SKILLS: Adept with MS Office XP (WORD, EXCEL, OUTLOOK POWERPOINT), • Managed multi-line telephone line systems and type 60 wpm with accuracy. • Mortgage software programs (EZ-LENDER,SOUND, DOCMAGIC, HUD, TAX CREDIT, BOND CREDIT ENHANCEMENT, Calyx Point; ALLREGS, Fannie Mae, Freddie Mac), Dictaphone and E-Calendar EDUCATION: Queens borough Community College –Paralegal Studies, 2009 LaGuardia Community College –International Business,2012 Drake Business School -Legal Secretarial Computerized Secretarial Diploma Iona College -Pre-Law PROFESSIONAL WEBSITE: http://www.linkedin.com/pub/kenyatta-thorne/9/a87/100