Douglas Worth Bagley Email and Phone Number

Senior Risk analyst for all high level, complex, high value mortgage clients (High Net Worth and Mass Affluent), managing credit facilities from the Risk Dept perspective in the analysis of multi-layered self-employed business entities and trusts as well as handling loan structuring and any Exception approvals.Perform the primary Risk support functions for the Director of Underwriting position, including the analysis and recommendations to Director of Underwriting for credit requests of $1.5mm and above.Primary Risk Liaison to Line-of-Business underwriting. Provide guidance, analysis and content matter expertise to the business line with regards to underwriting issues outside of guidelines and to unique client situations and credit requests.Responsible for developing and providing training programs for the business line needs with regards to: Credit Decisioning, Income Analysis, Policy and Procedures, Tax Returns and Complex Business Structures, ATR/QM, Asset Dissipation, Underwriting Discretion Situations, Exception Policy and Exception Decisioning.Identify where RBC policies, standards and procedures within the mortgage line adjudications no longer align with Risk’s primary directives and provide common sense solutions to cure the issue.Member of committee that oversees process improvements to the RBC mortgage product line including mortgages and HELOCs, identifying areas of concern with regards to achieving better mortgage experiences for clients while maintaining risk posture as outlined by management.Responsible for drafting a “White Paper” covering all aspects of the ATR and QM regulations coming into effect from Dodd-Frank, and for presenting the findings to the RBC Executive Committee.

Primary RBC Risk officer for Loss Mitigation overrides including final analysis and decisioning of credit facility modifications and short sales providing improved risk posture and portfolio stability for the mortgage lending portfolio.Accountable for monthly post-closing mortgage audit reviews of originations for credit risk analysis, fulfilling quality assurance policies required by RBC Bank, FNMA, FHLM, FHA/HUD, and VA. Identify needs for, and perform, targeted audits within the portfolio, including analysis and risk mitigation reporting for current RBC mortgage write-downs and identifying "At-risk" populations within the RBC mortgage portfolio.Review mortgage repurchase/make-whole/indemnification requests made upon RBC Bank to determine their validity and to provide detailed reporting with regards to the rebuttal of the request or towards any identified RBC underwriting deficiency.Facilitated the development of a Mortgage QC Database of audit exams from which more granular reporting/scoring could be obtained on identifying potential process enhancements.Manage RBC’s audit responses to FNMA, HUD, and internal audits.Authored Quality Assurance Audit Process Flow document and contributed to Risk’s overhaul of mortgage QC process and procedures.

Responsible for the credit operational area of the Raleigh Sales Support Site, overseeing 25 Senior Credit Analysts and over 30 junior level underwriters.Liaison between the site’s underwriters and Wachovia’s Investor Relations department, providing underwriting interpretations and guidance with regards to Wachovia’s investor policy.Performed analysis of all internal/external audit reports and completed audit responses. Achieved management initiatives with regards to underwriting quality and risk/repurchase mitigation.Oversaw the improvement of the site Investor Relations audit to a grade of “Meets Expectations.”Reduced Quality Control audit response backlog and Private Investor outstanding loan deliveries to expected levels.Developed site procedures that resulted in improvement of various Compliance audit findings, including Reg B, Patriot Act, and Fact Act.Maintained full proficiency of FANNIE MAE, FREDDIE MAC, FHA/VA and conduit guidelines.Senior Underwriter and subject matter expert for numerous teams in the fulfillment site.

• Directed the set-up of a new regional mortgage office for a 20 city region across eastern NC.• Underwrote residential mortgage loan packages from 20 field offices insuring compliance with all investor requirements.• Oversaw the closing function and provided status reports for mortgage loans in process.• Primary Commercial Credit Analyst with regards to portfolio profitability, growth and credit quality goals for all branches within the oversight of a five city region, reviewed financial statements for cash flow analysis, pro forma analysis and sensitivity/break-even analysis.