ARNETTA DERRICK
Gilbert,AZ
Summary
Highly skilled loan closing professional with expertise in facilitating closings, generating loan documents and disbursements for commercial, consumer, real estate and governmental loans. Collaborative team player with an ownership mentality and a track record of delivering the highest quality strategic solution to resolve challenges and propel business growth.
Overview
12
12
years of professional experience
Work History
LOAN DOCUMENTATION SPECIALIST
AGWEST FARM CREDIT
11.2022 - Current
- Receive and track multiple loan files throughout lending process
- I respond to inquiries and provides information to branch staff and accounting
- I have knowledge of legal requirements for documenting loans secured by real and personal property
- Requests clarification and supporting documentation from loan officers, appraisers, and credit staff as needed
- Identify discrepancies in instructions and/or noncompliance with policies and procedures and respond to sender with the necessary corrections
- Prepare legal documentation according to loan request and approval for complex loans, with general direction
- Coordinate with loan officers, branch staff, and legal staff as appropriate to ensure documents are properly executed, recorded, and completed
- Update and maintain loan documentation pipeline with appropriate tracking tools
- I exhibit strong attention to detail when reviewing loan files for completeness, including loan approvals, title reports, appraisals, applications, and legal entity documentation
- I built rapport with internal departments and demonstrate communication, collaboration, and problem-solving skills
- I demonstrate strong time management skills and ability to reprioritize when necessary
- Other duties as assigned.
RESIDENTIAL MORTGAGE LOAN CLOSER
HOMEPOINT FINANCIAL CORP.
10.2020 - 05.2021
- Completed closing checklist worksheet prior to entering data into bank LOS system for closing
- Prepared and disclosed initial corresponding Closing Disclosure
- Knowledge of conventional and government guidelines and procedures
- Reviewed lock confirmations and underwriter approvals to ensure loan is closed in accordance to underwriting, state and federal guide lines
- Act as correspondent between title company and loan officers
- Reviewed title policy, tax certs, hazard insurance and surveys for accuracy
- Data entry for all additional items needed to complete closing documents and closing instructions to the settlement agents
- Prepared and tracked borrowers' receipt of Closing Disclosure per TRID regulations
- Prioritized assignments and scheduled workload to meet critical deadlines and have the ability to manage a high volume of loan activity with high degree of accuracy
- Prepared all loan documents for closing including all aspects of quality control prior to funding
- Collaborates with closing agents on final figures for Closing Disclosure
- Prepared wires for funding
- Provided excellent customer services and problem solving with all parties to the loan during and after closing.
LOAN CLOSER- CLOSER/FUNDER & GENERATED LOAN DOCUMENTS
NORTHERN TRUST COMPANY
07.2012 - 10.2020
- Commercial, Construction, Multifamily, Mortgage for commercial entities (LLC's, Trusts, LLP's, Corporations, and Individuals etc.) Legal reviewed Business Entity
- Generated Commercial Loan documents using LaserPro
- Confirm borrowing entities, Secretary of State, signature blocks etc
- Follow Lenders Instructions, set up the wire for closing with title and coordinate etc
- Confirm all the information is correct prior to Funding/Closing
- Prepared Closing Disclosure per TRID (Consumer Loans only) regulations
- Prepared closing packages with consistent supporting documents for the loan file
- Verified all documents are accurate
- Effectively managed the closing pipeline to meet the closing date selected by the borrower
- Communicated with escrow/title companies, loan originators and other third parties (I.e., attorneys and insurance agencies, etc.) to prepare closing package
- Worked with the settlement agents to ensure that accurate and compliant Closing Disclosure is provided to the borrower
- Responsible for timely communication regarding missing items needed to complete loan closing
- Resolved issues and cleared closing conditions from underwriting approval prior to mortgage loan closing
- Reviewed signed documents for accuracy, initiate wire transfers and participate in post-closing activities in accordance with regulations/ guidelines
- Reviewed loans to ensure soundness, business value and compliance with investors standards
- Assisted with post-closing to resolve any open issues in a timely matter
- Performed other duties as assigned by management.
Skills
- Loan Closing Software (LaserPro, Empower, and Encompass)
- Compliance
- Technology Proficient in Microsoft Office Suites
- Organized and Detailed Oriented
- Exceptional Oral and Written Communication
- Customer Services Focused
Timeline
LOAN DOCUMENTATION SPECIALIST
AGWEST FARM CREDIT
11.2022 - Current
RESIDENTIAL MORTGAGE LOAN CLOSER
HOMEPOINT FINANCIAL CORP.
10.2020 - 05.2021
LOAN CLOSER- CLOSER/FUNDER & GENERATED LOAN DOCUMENTS
NORTHERN TRUST COMPANY
07.2012 - 10.2020