Nancy D. Email & Phone Number

Bethesda, Md

Dual role in the Mortgage Services Division providing both forensic underwriting skills and quality control reviews of selected mortgage loan files to determine potential violations in representations and warranties of specific lender guidelines, minimum industry standards and loan sale agreements.Mortgage Underwriter Perform complete forensic review and analysis of closed loan documents to determine adherence to Federal, state, and local laws and applicable investor guidelines. Compose complete and accurate summary reports and support documentation of guideline violations and misrepresentations. Provide concise and detailed communication of analysis to management and clients.QC Reviewer Perform critical review and analysis of underwriter deficiency findings to insure accuracy of breaches, appropriate support, and grammatical correctness. Constructively communicate required corrections to underwriters to enhance understanding and to insure consistency in client reporting. Assist management in responses to client rebuttals.

Mclean, Va

Provided diverse post-origination support to Residential Mortgage Division and Legal Department to insure product quality and investor compliance. Analyzed all investor self-reporting referrals (QC, Post-Closing, and Fraud referrals) for compliance with investor requirements. Performed full QC file audits in association with legal projects and vendor performance analysis. Drafted concise, detailed written recommendation of research details and conclusion. Continued participation in defense of Rep and Warranty issues.

Mclean, Va

Performed as the principal underwriter on one Investor Team and two Mortgage Insurance teams created to oversee the complex forensic underwriting and research required to defend identified loan populations in the mitigation of potentially significant losses from Rep and Warranty breaches. Participated in forensic underwriting of origination files and servicing files to assess the validity of the identified deficiency and the potential for contractual breach. Interfaced with counterparties to discuss and communicate complex arguments. Evaluated loan sale contracts and mortgage insurance contracts to determine validity of repurchase demand, mortgage insurance claim denial, or mortgage insurance rescission on a loan level basis. Interacted with senior management and legal teams to efficiently evaluate complex contractual clauses. Prepared strategic correspondence highlighting the basis of the defense, including specific loan-level details and arguments. Consulted with upper management to formulate individual loss mitigation strategies.

Bethesda, Md

Applied critical thinking and communications skills in defending loan origination quality to contracted counterparties of conventional residential mortgage loans. Addressed loan repurchase requests from Fannie Mae, Freddie Mac and private investors to eliminate or mitigate losses from Rep and Warranty breaches. Defended claim denials and rescissions of coverage from mortgage insurance companies to insure successful claim payments. Utilized robust, persuasive written communication skills in defending alleged breaches of contractual representations and warranties.

Performed comprehensive underwriting analysis of assets, income, collateral, and credit to determine overall risk and credit quality of conventional mortgage loans. Functioned as the senior staff underwriter with focus on loan requests in excess of one million dollars. Provided expert oversight to underwriting personnel including delegation of daily tasks. Updated upper management through weekly submission of underwriting production reports. Examined and addressed internal quality assurance review findings, including early payment defaults, post-funding reviews, foreclosures, and suspicious activity reporting findings. Administered training and direction to new and junior underwriters. Contributed to the Wholesale Division’s growth in monthly fundings from ten million dollars to over seven hundred million dollars.