Vice President Of Reo, Qualified Assumption & Fha Short Refinances
Westlake Village, California, Us
VP of REODirectly responsible for team of 7 managers who currently manage a $400 million portfolio of corporately owned real estate across the nation. Under my management, the REO department liquidated over $1.27 billion in corporately owned real estate over the past 7 years. My department includes several highly specialized business groups, who work collectively to manage the assets from acquisition to liquidation. The department’s performance metrics are tracked and measured, through a highly sophisticated set of internal and external quality scorecards. The results of the REO department are frequently presented to executive management, auditors and investors. - Piloted the creation, implementation and on-going management of several vendor management initiatives. Including, detailed outlines for vendor specific scopes of work and service level agreements. - Interfaces directly with PennyMac’s Loan Origination – Home Purchase team for: lead management, recapture strategies and REO financing options. VP of Assumptions & FHA Short Refinances (NMLS# 1336709)Directly responsible for managing two independent teams of operations and fulfillment associates. The Qualified Loan Assumption Group includes a staff of Mortgage Loan Originators, Loan Processors and Underwriters, who processes assumptions and releases of liability on: FHA, VA, FNMA, FHLMC and other wholesale loans. The Short Refinance Group includes Loan Processors and Sr. DE Underwriters, who process "negative equity" refinances under HUD's FHA Short Refinance program. - Both groups require compliance with several regulatory acts and guidelines, such as: Dodd-Frank Act, S.A.F.E. Act, HMDA, RESPA, TIL and TRID. - Spearheaded a collaborative effort with IT and Retail Compliance to ensure our LOS provided proper Federal, State and Agency disclosures post TRID.