Terry Spears Email & Phone Number

Denver, Colorado, United States

Greater Denver Area

• Lead multiple due diligence projects simultaneously along with holding role of primary client contact.
• Produce deliverables for review scopes including residential mortgage credit, regulatory compliance, valuation, servicer pay history and comments, modifications, consumer finance, fix and flip and reverse mortgages.
• Responsible for data intake, management, mapping, comparison, and reporting.
• Educate staff remotely by creating manuals and conducting live training with demonstrations.
• Constructed accurate MBA/OTS paystring logic for vendor within existing system framework.
• Created 200+ data traps for residential mortgage data tapes used in RMBS.

Centennial, CO

Responsible for driving innovation in the mortgage process. Evaluate current mortgage processes and recommend improvements that will streamline processing, underwriting, closing, post-closing, and the secondary market. Utilize strong understanding of process and data flow mapping to create detailed process maps to document work activities, validations, and.

Greater Denver Area

Performs loan level and portfolio data analysis of seasoned mortgage loans. Proactively monitor client data to recognize trends, identify issues as well as make appropriate recommendations for remedial action. Responsible for digesting large amounts of information, retaining critical points and synthesizing data. Responsible for ensuring accuracy of client.

Review non-performing and underperforming residential mortgages including credit underwriting, regulatory compliance, cash flow and servicing. Servicing aspect includes foreclosures, bankruptcies, modifications, forbearance plans, and Real Estate Owned. Review outbound data for accuracy and completeness. Edit and manage data queries. Recommend system.

Oversee client relations for multiple Wall Street firms. Implement policies and procedures to manage credit risk. Train staff on aspects of bulk mortgage trades including data, credit, regulatory compliance, property, collateral, legal and loan servicing. Lead projects and initiatives including saving the company $865K in 2006. Negotiate Master Agreements.

Lead assignments for Conventional, Alt-A, Sub-prime, Scratch and Dent and Fraud due diligence.

Supervise due diligence of REMIC and Scratch and Dent loan securitizations up to $1.1BB each. Direct contact with trading desk and Countrywide servicing platform, particularly loss mitigation, to assess best exit strategies for individual loans. Provide effective communicationwith counterparties, negotiate with vendors, and assess loan level and portfolio.

Manage people and process control in a business unit drawing documents and funding 1,200 loans per month. Create ways to motivate employees, including the “Dynamic Customer Service” award for the division.

Establish underwriting guidelines, negotiate price, develop and maintain seller relationships while reporting to Senior Vice President. Oversee sales volume, quality control, delinquency ratios, policy compliance, personnel and profitability of a $95MM, six branch, 31 employee district. Sell mortgage, personal and sales finance loans. Collect delinquencies.

Bachelor Of Science, Finance

Activities and Societies: Alpha Kappa Psi, graduated Cum Laude

Education record