Draw Management
CurrentMortgage Draw Processor FHA 203k Standard and limited/streamline K.Specialist in Fannie Mae HomeStyle renovations.Reviewed documentation for compliance with FHA guidelines. Authorized the release of funds from the escrow accounts. Ordered checks for each draw amount within the loan account. Balanced accounting fund sheet within each loan. Managed pipeline of 100 active renovation loans to ensure they are in compliance with HUD regulations. Notified branches, correspondent lenders, inspectors or borrowers of necessary actions and/or documents required to have the rehabs progress in compliance with HUD regulations. Reviewed draw release documents to ensure investor compliance (HUD, FNMA, SONYMA). Expert of investor and product guidelines. Request inspections and title updates. Prepare contractor and rehabilitation project change orders. Renovation construction draw processing.