Larry Plank Email & Phone Number

Souderton, PA

• Coordinate the monthly quality control audits that are outsourced to third party vendors on loans originated for Fannie Mae, Freddie Mac, FHA, VA and other investors.
• Perform monthly reviews of third party vendors to ensure quality meets corporate standards.
• Review a minimum of 10% of the Bank’s portfolio for thoroughness of the customer information, underwriting process and regulatory compliance.
• Complete weekly pre-funding application reviews for conformance with bank and investor guidelines.
• Track monthly findings to identify deficiencies in origination, processing, underwriting or closing processes.
• Develop monthly report for executive management.

Orlando, Florida Area

• Responsible for ensuring that all pre-funding and post-closing files meet company and Agency requirements. This includes, but is not limited to, providing client reports in a timely matter and assisting our team.
• Partnered with senior management to develop a new state of the art QC platform that is tied directly to agency guidelines along with live loan tracking for clients.
• Liaison between clients and analyst during rebuttal disputes.
• Oversee Prefunding, Post Closing and adverse reviews for Conventional, FHA, VA, PHFA and portfolio loans to ensure they are completed timely and accurately.
• Produce monthly and quarterly reports that provide clients with analysis of the QC findings and trend analysis.
• Collaborate with analyst to ensure loan findings are compliant with agency and client guidelines.

• Reviewed and evaluated Customer audit findings prepared by third party vendors.
• Evaluated residential loan files for misrepresentations and/or non-compliance.
• Verified credit document accuracy which included but was not limited to paystubs, assets, credit reports and appraisals, through public record searches and re-verifications.
• Confirm income, asset and appraisal accuracy during loan approval process.
• Investigated suspicious activity through various Internet Databases.
• Train new employees on policy, procedures and day-to-day operations.

• My team of thirty (30) underwriters provided advisory services to Merrill Lynch, the company’s largest client at the time.
• Duties included portfolio analysis, market evaluations, structuring and preparation of loan offerings, combined with responsibility for the oversight of documentation and due diligence processes.
• Managed $200 million per month in transaction value.
• Audited and processed portfolios which averaged in excess of 1,800 loans per month.
• Identified areas of increased risk and monitored accounts for potential fraud activity.
• Supported, trained and managed thirty (30) plus contract underwriters.

Decision-making authority to approve or decline residential, commercial and new construction mortgages.Evaluated loan packages to ensure compliance with various loan product guidelines. Validated keyinformation including assets, employment, mortgage payments and credit history. Review title reports andproperty appraisals to determine property loan to value.

Approved or rejected loans based on conditions determined by an automated underwriting system.2 Reviewed supporting documentation including assets, employment, credit history, property appraisalsetc.3 Responsible for clearing all applicable underwriting conditions

1 Ordered Mortgage Insurance from various MI companies on all applicable loan files