Adam Chumley Email & Phone Number

Texas, United States

Dallas

Monitors construction draw pipeline for residential homebuilders and/or commercial construction loans. Performs general maintenance on loan accounts and ensures supporting documentation is uploaded into the monitoring system.Inputs budgets and schedules in draw monitoring system according to loan approval and supporting construction documents.Orders and reviews inspection reports, including final inspections, and surveys; ensures that project inspections are in line with draw request. Updates project completion progress in draw monitoring system in accordance to inspections.Reviews draw requests and borrowing base requirements to ensure appropriate approvals are secured and internal requirements are met. Verifies availability of funds prior to release.Reviews loan for outstanding past due payments. Ensures draw funds are held until past dues are resolved.Prepares loan advances and wires for completing construction draws.Communicates with lenders, lending assistants, borrowers, vendors, and other lending stakeholders on draw requests, including status updates, discrepancies, or any issues encountered when reviewing requests. Engages appropriate party to resolve discrepancies.Monitors exceptions on draw requests and coordinates with lending staff and borrower to clear exceptions.Monitors key loan account data such as down date endorsement requirements and construction loan binder extensions; documents data changes within the draw monitoring system.Tracks borrower equity injection reports to ensure project is in line with loan approval guidelines/requirements.Generates reports related to draw pipeline and provides to loan operations management.Additional duties and responsibilities as needed.

Plano, Texas, United States

• Review and process disbursement draws throughout the construction process on over 300 construction projects.• Work with home builders and borrowers during the construction phase to help ensure the project remains on budget and on time.• Perform analysis on proposed construction projects and review Contractor qualifications.• Order residential and commercial inspections. Review, update and balance budgets when new information is provided and revise reports accordingly. Maintain acceptable levels of data integrity and quality.• Communicate professionally and effectively with internal and external clients to ensure the efficient flow of work in the department.• Traces the status of draws through internal software systems and works with the customer service team lead to ensure proper customer service is being delivered.• QC draw requests to ensure it meets lender guidelines and process draw within set lender SLA’s.

Plano, Texas, United States

Reviews inspection results and ensures compliance with draw requests. Updates proprietary construction management software with current status, outstanding support documentation and customer service notes.Responsible for generating draw status notifications for primary contact and monitors service level agreements to ensure contractual turn times are met.Perform analysis on proposed construction projects and review Contractor qualifications.Order residential and commercial inspections. Review, update and balance budgets when new information is provided and revise reports accordingly. Maintain acceptable levels of data integrity and quality.Communicate professionally and effectively with internal and external clients to ensure the efficient flow of work in the department.Traces the status of draws through internal software systems and works with the customer service team lead to ensure proper customer service is being delivered.QC draw requests to ensure it meets lender guidelines and process draw within set lender SLA’s.

Coppell, Texas

•Effectively managed Ocwen owned portfolio of FHA/VA/REO properties with code violations reducing open code violation portfolio by 75% and aged code violation portfolio by 60% during tenure.•Led 3rd party code violation team overseeing all FHA/VA code violations averaging 80 closures per month. •Track vendor performance, via ad-hoc reporting, for the purpose of compiling a monthly performance scorecard.•Review scope of damages and compare damages to the repair bid to determine the scope of repairs needed for government and local compliance.•Review insurance claims and explanation of benefits on properties with insurable damages to determine the insurance settlement will cover the scope of damages reported and to be in compliance with the government and local code entities.•Meet on a weekly basis with the third party servicer, via conference call, for the purpose to discuss weekly performance and running portfolio numbers.•Review vendor performance and implement process improvements where necessary for the purposes to improve Ocwen portfolio and profitability.•Review and compile trending reporting for the purpose for analyzing Ocwen owned portfolio to improve profitability and drive efficient results.

Plano, Tx

•Management of assigned incoming claims for reimbursement determining validity, responsible party, and resolution strategy.•Researched claims to identify process inefficiencies and new trends minimizing company losses.•Ensured all work completed was accurate and in compliance with specifications, guidelines, and policies.•Reviewed vendor invoice disputes and made a final ruling on the dispute; whether the to approve the full invoice or the invoice cut was correct.

Plano, Tx

•Responsible for reviewing all contractor bids for repairs and maintenance of property portfolio leading to effectively outperform set production standards by 150%.•Review photos of damages to validate the contractor’s estimate to ensure the damages and repairs needed were correctly reported and the repairs being bid on will bring the property into compliance based on the client’s specifications and government guidelines.•Responsible for controlling accuracy of submissions to approve or deny bids based on client set guidelines.•QC all repairs completed by contractors to ensure the repairs meet all local and client quality of standards.•Review local and FHA/VA standards as a template for all repairs.•Review property appraisals, when needed, to determine the correct repairs needed; especially on instances where there are questions on the repairs needed for client and government compliance.•Communicated daily with internal staff and outside vendors to order to close orders.•Communicate with vendors directly for status updates and escalations.

Richardson, Tx

•Analyzed work order histories to find delay trends, diagnose the cause of the delays and propose process improvements •Collaborated daily with vendors to investigate and diagnose repairs needed for code and client compliance.•Research work orders not meeting client service level agreements to determine cause for the purpose of a vendor bill back, vendor discipline for the vendor’s scorecard.•Created repair and maintenance work orders necessary to bring properties into compliance based on client and government standards.

Plano, Tx

•Mitigated losses to company and investors by managing the maintenance and repair of nation-wide bank owned foreclosure properties.•Maintained relationships with Field Services Suppliers while ensuring they provided accurate and timely services to meet and exceed client expectations.•Analyzed property services issues in accordance with established guidelines and determine appropriate courses of action.•Utilized strong written and verbal skills to develop supplier relationships and communicate expectations, guidelines, and deadlines.•Accountable for comprehending and following state and local guidelines, rules, and regulations for assigned portfolios/tasks.•Pulled reporting on a daily basis for management review of servicer performance.•Audit and QC servicer completed work orders.

Plano, Tx

•Managed the processes of correcting post-closing errors on Lines of Credit and Refinanced Loans•Researched post-closing errors and mortgage fee write-offs using AS400 and various internal web programs•Worked with internal and external partners to resolve post closing errors in a timely manner•Managed several spreadsheets and databases tracking payoff errors and resolutions•Communicate with superiors, legal department, and others to escalate and expedite payoff issues

Some College Credits, Business Administration And Management, General

High School Diploma