Michael Wachter Email & Phone Number

United States

Fair Lending oversight includes developing testing and implementation of short and long term policies procedures and regression testing analytics. Quarterly and annual review of Fair Lending data collection practices and Federal reporting. Management and monitoring of business processes and controls as it relates to Fair Lending and HMDA reporting. Compliance Analytics for a Top 10 Mortgage Lender. High level Corporate Compliance Operations inside of a Legal/Regulatory Risk Management Unit. Bulk loan securitization/sale trade management, GSE - FNMA/FHLMC expert level examination response writing skills, HMDA and Fair Lending Analytics, daily Compliance related advisory for all business units, higher level Compliance advisory for Systems Team's projects.

Newark, De

Compliance Analytics for Lines of Business with a broad scope of metrics for Wholesale and Retail Operations including, AML, BSA, OFAC to briefly name a few.Multiple Compliance & Regulatory software competencies centric for Bank & Lending Operations.

Greater Philadelphia & New Jersey Area

Senior Compliance Analyst for Access Abstract--Loan data documentation of all activities related to HUD fraud such as money laundering, embezzling, RESPA fraud, buyer and seller theft by deception, ‘straw buyer’ purchase fraud; assessing same for remediation & corrective action.Review and analyze open and closed case files utilizing data to assess risk and exposure. Daily human capital and client due diligence review to identify risk exposure. Disaster planning, recovery and rescue for transactional production requiring a high level of business acumen.Strategic planning in ‘Statements of Work’ brought ‘mark to market’ well designed and deployed for increased efficiency. Provide expertise in the areas of compliance and audit planning, training, facilitated various training and development programs.

Greater Philadelphia Area

Banker with Sovereign Santander Bank my role varied from maintaining a customer base of high net worth business owners such as attorneys, physicians, engineers, aerospace engineers, stock brokers and other numerous professionals. Each client was to be treated on a higher sophisticated level of engagement along with the highest level of ethics & integrity for their privacy and security demands.Various day to day activity consisted of: daily client and account due diligence review to identify risk exposure. Customer KYC suspicious activity reporting to identify risk exposure for AML cases and investigate document trails in accordance with protocol procedures of Sovereign’s Anti-money Laundering Unit utilizing various law enforcement agencies & their respective AG offices.

Greater Philadelphia & New Jersey Area

Compliance Analyst- this role consisted of and was not limited to: RESPA, TILA, HOEPA, Equal Credit Opportunity Act and SAFE Act corporate depth and breadth of regulatory laws.AML due diligence for cases and investigate document trails with protocol procedures for remediation and corrective action. RESPA examination & audits managing a team of 15 professionals and over 1,000 files. Review and analyze open and closed case files utilizing data to assess risk and exposure. While examining documentation of all activities related to HUD Fraud & Mortgage Fraud assessing same for remediation & corrective action.Provide expertise in the areas of strategic planning, training, facilitated various compliance training and development programs. Reviewed and analyzed assets, tax returns, tax transcripts and/or other income documents, title reports, appraisals and purchase contracts.

Greater Philadelphia & New Jersey Area

This Marketing Firm was launched with $0 financing.As the Executive Director gross sales as a percentage from opening day sustained & maintained a 200% growth increase year-over-year for (3) consecutive years. Also, gross sales as revenue cycle from opening day grew to $1,000,000 over (3) consecutive years.Implemented the strategic goals and objectives of the organization, while giving direction and leadership toward the achievement of the organization's philosophy, mission, strategy, and its annual goals and objectives. While also being responsible for the day-to-day operation of the organization, managing staff as well as developing business plans in collaboration with the business units.

Greater Philadelphia & New Jersey Area

Mortgage Firm launched with $0 financing.Maintained legal and regulatory compliance by researching and communicating requirements; obtaining approvals. Researches regulations by reviewing regulatory bulletins and other sources of information. Compiled information by coordinating rate deviation filings; maintained updated rate matrices; providing overviews of product disclosures. Researched regulatory and filing information; writing and communicating guidelines.

Cherry Hill, New Jersey, United States

Front line loan originations.

Voorhees, New Jersey, United States

Front line loan originations.

Defense community.