Grace Smith Email & Phone Number

Chevy Chase, Maryland

• Review submitted loan file data and documents for adherence to investor and lender policies or review scope
• Determines applicant credit worthiness by assessing financial situation & possible risk of default
• Performs analysis of credit, income, assets, & collateral
• Experience with income validation including personal and corporate/partnership/complex tax forms
• Able to identify misrepresentation, inconsistencies, and/or fraudulent activity from analyzing the loan documentation and transaction
• Review and identify red flags for potential fraud and misrepresentation

Washington D.C. Metro Area

• Provided quality, accurate and timely reporting of Business Processes
• Analyzed, documented, and tracked requirements and management, including analysis, definition and documentation.
• Assessed operation risk using risk assessment tools matrices and waterfalls and performs audits and assignments as requested by client.
• Responsible for complete evaluation and review of client financial institution mortgage loans to insure they are in compliance with state and federal HMDA lending regulations.
• Assisted in evaluating the adequacy process to ensure compliance with federal banking regulation
• Identified and recommended resolution procedures to cure loans that are out of compliance

Remote

• Performed compliance testing and communicate results of monitoring, testing and assessments to Business Management
• Special emphasis on fraud review and early payment defaults
• Confirm application information against other documents within the file: validate employment, verification, income, and assets. Identify underwriting/data discrepancies and other diligence issues.
• Verify and validate income, assets and liability documentation to support underwriting decision.
• Calculate and verify income structure (employment verification, tax returns, divorce decree, alimony), verify funds to close (verification of deposits, gift funds, IRA, 401K, sales of assets, etc)
• Review loans for compliance related items, i.e. TILA, ROR, and miscellaneous disclosures

Atlanta GA

• Completed extensive OCC prescribed checklists and referenced guideline matrices in order to locate red flags and guideline violations. Identified and reported exceptions within the file following defined parameters.
• Performed in-depth reviews of residential mortgage file documentation for accuracy, completeness and compliance with appropriate company and secondary market investor standards.
• Evaluated credit decisions for accuracy based upon established risk parameters and in accordance with policy, program and product guidelines. Developed and update compliance processes and procedures
• Files included FNMA, FHLMC, FHA/VA, pay-option ARM’s, Alta-A and sub-prime loan types.
• Analyzed credit decisions for compliance with established program criteria for various product offerings and assigned appropriate risk levels.

Lilburn, GA

• Performed Quality Control and Audit on various loans closed at the branch prior to funding.
• Support the Branch Manager and management team in making selection decisions, reviewing and counseling staff.
• Performed additional duties and participates in monthly and special projects and goals as required.
• Monitored branch service quality levels and coached staff to achieve appropriate performance levels, Scheduled branch staff to ensure daily adequate coverage on the platform.
• Perform Anti-Money Laundering, Banking Compliance, Evaluate suspicious account activity and make recommendations.
• Comply with regulations governing money laundering activities and comply with regulations.

Maryland And Atlanta

• Evaluated and audited individual consumer loans. Loans consisted of Fannie Mae and Freddie Mac product.
• Underwrote individual consumer loans. Loans consisted of FNMA/FHLMC product.
• Ensured guidelines per lender were met and followed while approving /denying loans. Reviewed appraisals, deeds, HUDs, child support, tax returns, financial statements, credit status, DTIs, LTVs, titles, brokerage.
• Authorized discretions per review of each loan and made decisions to ensure a positive impact on the platform.
• Comply with all laws and regulations governing money laundering activities.
• Assisted in training and provided mentorship to processors and junior underwriters.

Laurel Maryland

• Underwrote and performed Quality Control Management on all files. Reviewed and analyzed financial documentation and credit status to make an approval or denial decision.
• Ran the day to day operation of the branch, oversaw loan officers and ensured all loans were in compliance and met the underwriting guidelines.
• Perform Anti-Money Laundering, Banking Compliance, Evaluated suspicious activity and make recommendations.
• Performed up front underwriting for conforming and non –conforming loans. Evaluated a borrower’s mortgage default situation; reviewed reason for default, current financial situation.
• Calculated income on every level from paystubs, profit & loss statements, award letters and unemployment benefits.
• Assisted in loan servicing duties.

Silver Spring, MD

• Underwrote conventional, FNMA, and some subprime loans. Manually, underwrote for subprime loans.
• Reviewed income documents, tax returns, self-employed, schedules A/E/F/M, property documents, titles, deeds, notes, etc.

Greenbelt, Maryland

• Provided frontline underwriting for loans—including conventional, conforming, non- conforming, government loans.
• Reviewed documentation such as; LTVs, credit report, income, asset review, note, appraisals, titles, disclosures, etc.
• Recognize and evaluate high risk loans and make recommendations regarding.
• Performed Quality Control Management on all files and ensured all critical information required were up to the investor guideline standards, income calculation of all types and collateral review were done on appraisals.
• Determined if collateral reports were appropriate, in order to meet compliance regulations and government laws.
• Comply with regulations governing money laundering activities and comply with regulations.

Bachelor Of Business Administration (B.B.A.), Accounting And Finance, 3Rd Year

Business Finance

Business Administration And Management, General

Business and Communication

High School Diploma, General Studies

Activities and Societies: Student Government, class historian

Bachelor’S Degree, Business Finance