Sherron Davis Email & Phone Number

Pmi Mortgage Insurance Co.

Sr. Legal Compliance ManagerPMI MORTGAGE INSURANCE COMPANY - Walnut Creek, CA - 2011-07 - PresentDirectly responsible for managing and leading all aspects of legal compliance functions for a multi-billion dollar,50-state licensed mortgage insurance organization.Tasks include guarantee the lead insurer and/or its subsidiaries are in compliance with federal; state; and local regulatory requirements. Perform legal and regulatory research, both state and federal, to identify compliance and regulatory requirements are in good standing for all member companies. This includes the following subject areas:1. Personally manage and perform standard and special regulatory and business filings covering the breadth of state and federal requirements; under direction of General Counsel.2. Execute legal Summons notifications; Bankruptcy filings and Foreclosure actions and distribute to the appropriate Officer(s) for review and response; as needed.3. Manage financial functions such as accounts payable and receivables and quarterly accruals. Organize corporate events, and maintain inventory for all department supply needs.

Concord, Ca

Sr. Default CoordinatorFirst Collateral Services Inc. - Concord, CA - 2001-07 - 2008-12• Supervised the Collection teams activities including; monitoring phone calls and reviewing customer default notifications submitted for foreclosure action.• Prepare and manage proof of claims and reaffirmations, monitor all filings, request relief of automatic stay, monitor stipulated payment if granted by the courts, provide debt counseling; respond to questions and concerns by phone, and coordinated with Attorneys for legal action.• Process Notice of Intent, draft Forbearance Agreements, provide reinstatement figures and payoff figures, prepare bidding instructions for foreclosure Auction, and pay legal fees and maintain monthly status reports.• Outsource and monitor the sale process of REO property (including the eviction process), pay outstanding bills (i.e. taxes; water; garbage, etc.), re-key and secure property, determine if and how much rehab is required to sell the property, review marketing strategy, purchasing contracts and settlement statements. Process payoff check and request finial release documents, Maintain monthly status report of all real estate owned by Bank.• Prepare payoffs statements for Title Company; Review documents for prepayment penalties; Manually calculate any penalties and add into payoff figure; Provide verification of mortgages and payment history; Maintain contact with loan officers or title company as to progress of payoff; Process payoff checks and close out loans; Submit loan for lien release with the county recorders. • Analyze documents for short sale acceptance (hardship letter from borrower; updated brokers price opinion value); Examine sales contracts; Submit payoff instructions; Post payoff to accounts and submit loan for lien release and report 1099c information to the IRS.