Darrel Davis Email & Phone Number

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I'm the owner of my very own 24/7 Smooth Jazz Station. I'm on the air live weeknights at 7pm eastern. Download the app on any mobile phone please go to your App Store and type on jazzbeatsradio.

Schaumburg, Il

On a weekly basis I travel to various financial institutions to complete a compliance review to assess the acquired institution compliance with the provision of the Shared Loss Agreement. The scope of the review includes: verifying monthly/quarterly certificates submitted are accurate, complete and approved; ensuring compliance with loss mitigation efforts in accordance with HAMP, FDIC Mortgage loan Modification Program or an approved FDIC modification program; ensuring compliance with consideration of charge-offs, foreclosure, loan restructuring, and short-sale alternatives that resulted in the least loss; testing the acquired institution’s policies and procedures to ensure uniform criterion is being applied to both loss share and non loss share assets; reviewing internal audit reports and the external independent public accountant report; ensuring that the adequate accounting, reporting, and record keeping systems are in place for proper segregation of Shared Loss Assets.

Greater Atlanta Area

Under general supervision, evaluated and examined all collateral pledged by member institutions including residential mortgages, multifamily and commercial real estate mortgages, home equity lines of credit, and securities collateral. Participated in the onsite examination of members’ pledged loan collateral, ensuring compliance with bank policies and procedures, and performs an assessment of the underwriting, documentation, and administration of loan collateral. Focus on appraisal and environmental reports to verify the validity of the asset for any concerns. Review participation loans, verify if loan is standard, doubtful or loss, cross collateralized, and nontraditional. Presents findings and recommendations to management and communicates results to member institutions.

Under general supervision, evaluates all collateral pledged by member institutions including residential mortgages, multifamily and commercial real estate mortgages, home equity lines of credit, and securities collateral. Participates in the onsite review of members' pledged loan collateral, ensuring compliance with bank policies and procedures, and performs an assessment of the underwriting, documentation, and administration of loan collateral. Focus on appraisal and environmental reports to verify the validity of the collateral for any concerns. Review participation loans, verify if loan is standard, doubtful or loss, cross collateralized, and nontraditional. Presents findings and recommendations to management and communicates results to member institutions.

Review of closed loans, and captured underwriting data, condition files for correctable items, and decline files for purchase as necessary. Analysis of property appraisal to determine if value is supported and property meets all eligibility requirements. Worked with imaging and paper files depend on the investor.; Travel to various financial institutions through out the United States underwriting loans. Provide credit and compliance checks for due diligence. Review loan packages for completeness and accuracy. Verified and validate income, assets and liability documentation to validate underwriting decision. Review Note, Mortgage, HUD Title, Appraisal, first Mortgage ARM and HELOC loans. Identified underwriting/date discrepancies and other due diligence issues. Calculated and verified income structures. Reviewed verify credit report FICO score, pay history, debt validation and DTI percentage. Completed due diligence for various lenders and financial institutions (HSBC, Secured Funding, RFC-GMAC, Accredited, Countrywide). Analyzed financial data to make a decision on rather to purchase loans for various investors. Signing power up to $300K. Acted as lead on various paper assignments. Train and worked on the Clas System.

Greater Atlanta Area

Responsible for analyzing loan applications and related financial documents, considering such factors as assets, liabilities, capital, business loan officer’s report summarizing the analysis of the loan request and recommending action on Low Doc/PLP loan applications nationwide. Process and underwrote commercial & home loans. Established the terms and conditions of the loan. I had loan approving power up to $1.5 million. Negotiate with Financial Institutions as required. I prescribed financial management action necessary for loan approval and the future growth of the business.

Greater Atlanta Area

I serviced a portfolio with over $500 million dollars in collateral. Responsible for efficient and accurate preparation and administration of various functions within Loan Operations for the Investor LendingPortfolio. Conduct periodic analysis of client portfolio to see if portfolio warranted a credit increase. These functions include the monitoring and managing of collateral positions, convenience check analysis; monitoring and overseeing the auto-pay process, account receivables, reconciling accounts and collateralreporting. I was responsible for contacting the Financial Advisors, Investor Lending staff (credit, underwriting, and accounting), and affluent clients. Educated Financial Advisors on a daily basis in regards to their client portfolio and banking products. Service Home Equity Portfolio wrote procedures, trained subordinates, completed lien releases, assist with modifications, and subordinations.

Service a portfolio with over $500 million dollars in collateral. Responsible for efficient and accurate preparation and administration of various functions within Loan Operations for the Investor Lendingportfolio. Conduct periodic analysis of client portfolio to see if portfolio warranted a credit increase. These functions include the monitoring and managing of collateral positions, convenience check analysis, monitoring and overseeing the auto-pay process, account receivables, reconciling accounts and collateralreporting. Was responsible for contacting the Financial Advisors, Investor Lending staff (credit, underwriting, and accounting), and affluent clients. Educate Financial Advisors on a daily basis in regards to their client portfolio and banking products. Service Home Equity Portfolio wrote procedures, trained subordinates, completed lien releases, assist with modifications, and subordinations.

Worked with Prudential Bank in their Investor Lending and Home Equity Department. Collect on Franchise Own portfolios with Norrell Corporate office. Worked wit 17 different branches across the country with over 600 clients within the branches. Responsible for contacting clients with open invoices over 30+ days past due, solved billing issues, sales adjustments, printed invoices, ran weeklyqueries, worked directly with franchise owners to help solve any issues. Traveled; a weekly basis to work on special project with Waste Management to collect and reconcilecommercial accounts. Reported directly to the company Controller. Contact accounts payable departments to recon ciliate past due invoices. Prepared weekly spreadsheets for Controller to show progress.

Solicited customers to purchase and refinance homes. Experienced in FHA, VA, conventional, Fannie Mae, Freddie Mac, jumbos, manufactured homes, first time buyers, Nehemiah, B, C, and otherprograms. Responsible for sending out RESPA forms in a timely manner. Accurately perform manual calculations for LTV and debt to income ratios, interest accruals, and account reconciliation with debtors. Analyzed marketing surveys statistics and planned, and executed marketing plans. Crosses marketed PNC services that best served the customer's needs while maximizing company cost. Approved loans with loan prospector. Analyzed and reviewed credit reports with consumers. Conducted loan interviews, credit checks and assessment, and feasibility studies. Responsible for processing and packaging loans prior to the underwriter review.

Originated real estate loans by telemarketing and developing referral relationships, package and close real estate secured loans; gathered and reviewed loan documents; maintain contact with customers throughout loan submission, approval and funding processes. Delivered loan documents to branch underwriting staff. Processed and packaged loans prior to submitting to underwriting for final approval. Responsible for traveling to customer homes to review and close loans. Ordered appraisals, title insurance and open escrow afor applicants.

Worked in a major cost center with over five hundred collectors. Team leader with a staff of 15 collectors. Helped, motivate and taught proper collection procedures. Serviced several major accounts such asITT, GM, HFC and others. Concentrated on 90+ past due accounts, worked on auto dialer. Heavy skip tracing. Originated Consumer, Home Equity, Automobile, and First Mortgage loans. Assisted the Branch Manager with loan documentation, disbursement of proceeds, opening and closing the office, posting counter payments and making deposits as necessary. Acted as assistant manager the office when the branch manager was not present. Achieved personal sales goals thru internal and external marketing of various loan products.

Education record

Education record

Communications

General Education