Paula Padavic Email & Phone Number

Denver, Colorado, United States

Highlands Ranch, Co

Designated Non-Conforming Product Expert• Performed second reviews of jumbo and Non-Conforming Qualified Mortgage (QM) and Non-Qualified Mortgage (Non-QM) manually underwritten products• Assisted underwriters and loan originators with complicated income, asset, credit, appraisal scenarios and product selection • Provided overflow underwriting coverage for QM and Non-QM jumbo and Non-Conforming loans• Conducted underwriting research and responses to assist with investor and Quality Control requests, investor requests and audit exceptions • Monitored industry guidelines, policies, trends, practices, regulations, procedures; and disseminated such information for review throughout the company• Evaluated and decisioned credit exceptions• Reviewed and graded new Non-Conforming underwriter test cases

Englewood, Co

Lead underwriter and primary team contact for 63 Jumbo investors and two Relationship Managers during a time of rapid growth • Provided guidance on the Jumbo (QM and non-QM) products, assistance with structuring complex transactions, scenarios and documenting ability to repay (ATR)• Issued internal product exceptions, worked with the seller, Credit Policy and Secondary Marketing • Delivered multiple in-depth credit guideline and philosophy training sessions to the seller’s credit and sales staff • Created business requirements and provided testing of system enhancements

Littleton, Co

Loan Level Reviews and Mortgage Insurance Claims• Completed full underwriting reviews and collected supporting documents to support outgoing claims and legal action• Reviewed and appealed rescinded mortgage insurance coverage to reduce losses on non-performing loans, worked directly with the mortgage insurance companies• Created the Quality Control process, procedures and tracking reports to support the re-launch of the Correspondent channel

Greater Denver Area

• Facilitated communication between directors, due diligence managers and staff regarding deal status and staffing allocation• Identify analyst capacity and confirm resource availability to set up and maintain projects• Responsible for assigning 8 staff analysts and 62 remote co-employees to projects based upon skill set

Littleton, Co

• Performed pre- and post-closing underwriting reviews and pre-funding quality control audits• Supervised the training of department staff on the pre-funding quality control audits • Reviewed and responded to Mortgage Insurance rescission requests for compliance with Federal and State regulations, Agency requirements, Investor and Insurer requirement

Littleton, Co

Englewood, Co