Loretta Mccormick Email & Phone Number

Maryland, United States

• As a processor, I demonstrated a strong understanding of complex rules and regulations for Non-Conforming Loans, Fannie Mae, Freddie Mac, FHA, USDA, and VA Loans. I developed expertise in identifying red flags in loan files and provided exceptional customer service, resulting in a 30% reduction in processing time for self-employed applicants and a 25% reduction in file turnaround time for divorce applicants. My streamlined approach led to a 15% increase in loan volume for my team.

• Review rules for Fannie Mae, Freddie Mac, FHA, and VA Loans for proper file underwriting; gather and examine documents for swift decision-making. E.g., detecting large bank deposits, recurring payments, tax returns, profit and loss statements for self-employed applicants, and divorce decree for divorce applicants. NMLS ID #216960

Philadelphia, Pennsylvania, United States

• Ensured proper file underwriting by proactively reviewing and gathering necessary documents, managing over 50 loans monthly with excellent customer service, maintaining ongoing communication with customers though out the loan process, and consistently out performing the company’s average turn-around time for loan processing. # NMLS ID # 216960

Philadelphia

• Recognized as the Rookie of the Year, achieved $10 M in first-year volume with an average of 160% of goal, and ranked as one of the top producers.

Marlton, Nj

• Contact and created new business with Realtors, CPAs, and attorneys, and stayed up to date with new R.E.S.PA. laws and S.A.F.E regulations and closed an average of 4-5 loans per month with a loan volume totaling $900,000.

• As a top-producing loan officer in the Marlton office with an NMLS ID of 216960, I was very proactively cold call customers to generate business, remained knowledgeable about new R.E.S.PA laws and S.A.F.E. regulations, and closed and average of 4 to 5 loans per month with loan volume totaling $1.3 Million.

Marlton

• Successfully managed and sold million-dollar portfolios with maximum profits and minimal losses. Ranked #1 in the company and center in January 2007 and elected as a Million-dollar club and President club.

Philadelphia

• Managed third party vendor compliance with federal regulations for various national agencies, disintegrate policies and procedures to confirm compliance, renegotiate delinquent contracts back to original terms, and analyzed accounts using available tools to determine best course of action.

Communication And Media Studies

Network And System Administration/Administrator, Certificate

Activities and Societies: Million Dollar club in first full month of sells  Rookie of the Month  Managers Appreciation Awards .

Business Administration