Rachel Flores Email & Phone Number

Naples, Fl, Us

Naples, Florida, United States

Manage Mortgage Underwriting Team. Led condo review team. Specialize in jumbo non-conforming self employed analysis. Well versed in business tax return review. Assisted with DU and LPA errors and approvals. Created extensive income analysis spreadsheet for department use. Proficient in construction loan review and approval. Created construction loan worksheet for Loan Officer use to determine eligibility. Managed the monthly HMDA reporting errors and training opportunity for the Operations Department. Review monthly underwriting reports to determine trends, and service level agreements. Monitor underwriting queue daily and especially at month-end to ensure underwriting team is working on specific files related to closing dates, lock expiration dates, and transaction types. Ensure underwriting team members are updated with the most recent agency and investor guideline revisions as well as specific Synovus requirements. Review monthly QA findings with underwriting team members prior to and after response. Provide feedback to manager on trends. Utilize investor suspensions, Prefunding, and Preclosing audit as sources to identify on-going training needs for the team and to ensure loan quality. Work with Operations Manager to respond to audit findings. Assist in response letters or report of audit findings. Determine training required to eliminate reoccurrences. Assist in preparation for training material, identify gaps in the policies and procedures, checklist, etc. Work with training department to schedule training webinars for underwriters. Provide training to processors and LOAs in the South Florida market. Continue to assist underwriters with their personal developmental goals; i.e., loan type certifications, etc., by providing necessary training and mentorship. Provide underwriting structuring support to Loan Officers. Attend any training, seminars through Fannie, Freddie, FHA, MBA, etc that assist in managing through changes in underwriting guidelines

Naples, Florida

Responsible for compliance of all programs and underwriting standards for the Residential Mortgage Division as well as implementing new programs. Reporting quarterly all risk based lending performed within the Residential Division. Manage both internal and external Audits of the Residential Division. Responsible for Due Diligence audits on sale of Portfolio loans. Set processes for department for determination of Income, Credit Standards, and appraisal valuations for compliance of standards set for all mortgage originated. Second Review of residential mortgages requests over the Senior Mortgage Underwriters loan levels. Assure the Bank’s Risk Management and internal policies and procedures are being adhered and waived as appropriate. Negotiate with Loan Officers/Sales Managers the terms that have/will be used for loan approvals. Review and update Residential Mortgage Credit Policy on an annual basis, Residential Mortgage Underwriting guidelines updated periodically determined by industry changes. Mortgage Programs reviewed on a quarterly basis. Participates in training meetings in the Mortgage Operations Department and Wholesale Loan Department. Manage the process for purchase/sale of loans for retention/sale with the portfolio products. Review all tapes created by secondary to ensure information is correct that is being sent to potential investors. Establish and led a team of Mortgage Underwriters for the review of loan sale files. Review and approve final listing of loans with Senior Management with discussions as to any concessions made on trade. Supply all requested documentation for Internal/External Audits. Meet with and respond to any questions requested by Auditors. Attend follow up meeting with responses to comments or change in policies recommendations made by Auditors. Report back to Senior Management for Credit or Residential Lending any changes that will have to be made to policies and/or programs. Co-Manage Mortgage Underwriting Department.

Naples, Fl

Works closely with business development units to assess clients financing needs. Provides recommendation for appropriate financing solution and structure. Prepares credit analysis packages. Verifies compliance with credit policy and underwriting guidelines. Verifies accuracy of credit risk rating. Presents (written and verbal) transaction highlights and recommendations including risk rating to approval authorities. Interfaces directly with the clients and participates in building the client relationship. Manages asset quality by performing portfolio management functions including timely renewal of maturing facilities, working closely with Relationship Managers to ensure exceptions and past due loans are kept at a minimum, monitoring for covenant compliance, and periodic site visits to clients. Prepares annual reviews and recommends changes to risk rating if deemed necessary. Underwrites credit facilities and exposure levels for prospects and clients including: Review client’s business model, supply chain, clients, competition and competitive advantages, industry trends and characteristics, position in industry and potential vulnerabilities and strengths. Site visits to client's businesses for independent assessment of management and operations. Traditional and non-traditional financial analysis, forecasting and sensitivity analysis (multi-year). Evaluates collateral and guarantor support. Makes recommendations on structure of credit facilities to best meet client needs and bank risk profile. Makes recommendation on covenants and reporting requirements to provide effective quality monitoring tools. Written financial statement assessment and cash flow analysis. Works with large size loans with varied complexities. Effectively interacted with clients, attorneys, outside professionals and Bank personnel. Prioritizes effectively while paying meticulous attention to detail

Analyze credit data and financial statements to underwrite a wide array of credit requests. Provides quality analysis of financial statements to determine the degree of risk. Generate financial ratios, using the Moody’s system, to evaluate customers' financial status. Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations. Analyze financial data such as income growth, quality of management, and market share to determine expected profitability of loans. Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval. Engage externally prepared real estate and environmental appraisals, conduct appraisal reviews. Examines and reviews loan documentation for accuracy and completeness. Accompany lenders on in-person appointments. Prepares correspondence, credit comments, and other written communications. Maintains and ensures maintenance and accuracy of files. Ensures that required documentation and statements are up to date and received in a timely manner.

Assist the Senior Officers in the management of a $400MM commercial problem loan portfolio. Analyze the borrowers’ financial condition as well as profit and loss statements to determine ability to repay for restructure options. Perform restructure underwriting and the preparation of the loan packages for approval. Ensure that all payments, payoffs, advances, and expenses are properly credited/ debited. Assist in the foreclosure when a work out was not feasible. Order and review appropriate reports including appraisals and Phase I environmental reports. Assist in the ORE management by communicating and coordinating with Accounts Payable and Property Management to ensure the property is taken care of so that it can be marketed in a timely manner. Manage the Special Assets files. Created and continuously updated various reports to track the Special Assets portfolio. Ensure compliance with bank policies and procedures, State and Federal Laws, and all regulatory guidelines.

Jacksonville, Florida, United States

Responsibilities included reviewing loan requests to determine if the investment met underwriting standards and identify investment strengths, weaknesses and mitigating factors to weaknesses. Completed preliminary loan underwriting (which includes analysis of income and expenses, rent roll, site plan, etc). Required to review leases, market rent comparables, and sale comparables. Interact with regional sales managers and brokers to gather appropriate loan data and resolve underwriting issues. Prepared loan submissions for investment approval. Managed a pipeline of loan requests and loan maturities to be processed to a set schedule.

Jacksonville, Florida, United States

Duties included reviewing completed loan documents prior to funding to ensure that all requirements and conditions have been met, imputing loan information, and disbursing the funds. Once the file has been funded responsible for the disbursements to be shipped and received within the established time parameters. Responsible for maintaining a good relationship with the lending company and ensure timely completion of the loans.