Cedric Harrison Email & Phone Number

Houston, Texas, United States

Direct and manage the development and quality of the credit union's Loan Servicing Department. Overseeing the daily operation of the servicing department consisting of Real Estate, Consumer, and Commercial Servicing. Assigns work and resolves problems for a staff of eight. Ensures that loan transaction files are accurate and complete, and that staff complies with appropriate procedures, regulations, and guidelines. Quoting, and posting of loan payoffs, general ledger entries, accurate recording, and precise termination of real estate loans. Interacts with borrowers, member service representatives, attorneys, and vendors from the loan setup to the payoff of all real estate loan products. Monitors workload and allocates resources to meet production goals. Oversee employees to ensure loans are booked and maintained under guidelines, and manage the workflow of loan booking, servicing, data, and document and collateral filing. Review, analyze, and evaluate loan servicing documentation concerning risk, compliance, standards, and requirements.

Rockville, Maryland

Responsible for supervising a staff of seven people in the loan servicing and default reporting team. Directed the workflow and management of the Mortgage Servicing Portfolio and Secondary Market operations.Maintains relationships with investors, insurers, and other third-party vendors to direct the boarding, file/custodial management, escrow administration, taxes/insurance monitoring, lien release, and account maintenance. Ensure the reporting of loan activity and remitting funds to investors, MI companies, payment, and escrow administration. Ensures compliance with Federal, State, and NCUA regulations as well as NIHFCU policies and procedures. I was also responsible for the planning, organizing, staffing, and directing the operation of the Mortgage Servicing function. Oversaw electronic default reporting (EDR) for all investors and insurers, including Fannie Mae and Freddie Mac. Additional reporting duties include private investor requirements. Develops control and exception reporting to ensure the accuracy of monthly reporting and edit reporting. Developed policies and procedures by investor/insurer servicing requirements and local, state, and federal regulations.

Mclean, Va

Duties and responsibilities include reviewing and recommending approvals for Property Management Changes, Cable and Utility Easements, Commercial Leases, and Repair Extension Request. Update transactions using the Freddie Mac Consent Request Tracker database. Reach out to borrowers for the collection of financial statements, and annual certification of low-income housing, student housing, and senior care facilities. Perform property site visits to support loan analysis. Assist with ongoing refinement of loan analysis criteria and model templates. Assist the CMBS Surveillance team with cash flow and valuation estimations on specially serviced and internally identified high-risk loans. Provide senior management updates for Freddie Mac's: Watch List, Triggers, Repair Escrow Tracking, 17G.5 Notices, and others as required.

Arlington, Va

Establish and maintain strong collaborative partnerships/relationships/communications with sub-servicers and sellers/servicers, functioning as the relationship owner for E*TRADE and the servicers. Develop and implement loss mitigation strategies, policies, and procedures, in conjunction with the servicers, which will enable E*TRADE to properly balance effective credit loss strategies and other E*TRADE objectives. Manage controllable credit losses with servicers via economically viable workouts and aggressive foreclosure/ bankruptcy timeline and cost management. Manage services in non-performing loans by determining reasonable benchmarks of performance, clearly setting expectations, measuring performance, providing timely feedback, and identifying and communicating Best Practices Manage servicer/sub-servicer performance against Service Level Agreements, contracts, and other legal agreements. Ensure contract compliance by both E*TRADE and servicers/sub-servicers. Provide monitoring and audits of financial transactions between E*TRADE and servicers/sub-servicers, including an annual budget of $35MM in servicer fees/expenses. Obtain all necessary data and information from all services to understand and manage E*TRADE's loan portfolio; analyze the data to understand the performance of E*TRADE's loan portfolio and its relative impact on credit losses and REO inflows. Coordinate efforts and form strong collaborative partnerships with internal departments.

United States

Duties and responsibilities included managing FHLMC's loan portfolios through their Helping Hands Program. Work with Mortgage Servicers to improve their Tier Performance by mitigating loss. Communicate directly with Private Mortgage Insurance Companies, Loan Servicers, and FHLMC in resolving delinquencies. Review and evaluate Credit, Financial Statements, and Title Reports. Authorized on behalf of FHLMC and Private Mortgage Insurance Companies to approve Loan Workouts, via Short Sales, DIL, Loan Modification, Forbearance Plans, and Repayment Plans.

Bachelor'S Degree, Business Administration And Management, General

Education record