Damingo McNack
Forney,TX
Summary
Results-focused financial professional with strength in, Origination and Risk Management. Proactive leader with transferable skills capable of effectively identifying and resolving complex financial issues. Successful in fast-paced and ever-changing business environments.
Overview
15
15
years of professional experience
1
1
Certification
Work History
Commercial Loan Specialist (Full-Time) 40hrs Wkly
Small Business Administration, SBA
Little Rock, AR
05.2020 - Current
- Review all pertinent facts needed to make eligibility determinations by analyzing such factors as intended use of proceeds, legislative and administrative loan limits.
- Conducts comprehensive guaranty purchase of the participant lender’s 7(a) loan making, closing, servicing and liquidation activities for specific loans, and coordinates with the lender to obtain required information and/or documentation prior to making a recommendation for guaranty purchase, repair, or denial of liability. Enters guaranty purchase information into the Guaranty Purchase Tracking System (GPTS) in a manner sufficient to process a guaranty purchase, repair, or recommendation for denial of liability.
- Analyzes financial condition of obligor's (i.e. borrower or guarantors) when proceeds from sales of collateral are insufficient to cover unpaid loan balance. Determines the extent of their financial potential and the extent of further possible recovery from all sources. Reviews and recommends action as appropriate on participant lender’s loan compromise recommendations and reviews compromise offers based upon the lender’s analysis.
- Respond to inquiries from banks, concerning the status of liquidation and or purchase guaranty.
- Provide leadership, insight and mentoring to employees to supply knowledge of SBA's products and procedures.
- Evaluates commercial loan requests to determine applicants' eligibility and proper loan structure, including capital injection, collateral, and other requirements
- Gathers and reviews facts and data relating to the loan balance, lien situations, collateral, interests of other creditors, and any assets of the borrower which may provide recovery to the Agency.
Property Claims Adjuster (Unlimited Hours)
Independent Contractor
Irving, TX
08.2019 - 06.2021
- Investigated homeowner's losses and examine property damage to determine the extent to which policyholder is compensated.
- Conducted field investigations, interviews, inspections, and surveys.
- Documented and communicated all claim activity quickly and efficiently.
- Interviewed and corresponded with claimants, witnesses, police and physicians.
- Conducted interviews, gathered detailed information and completed field investigations.
- Evaluated policy provisions, applicable laws, and other relevant information to determine claim payments or denials.
- Examined estimates of repair costs for vehicles or buildings.
- Prepare complete claim reports and transmit them on a timely basis for payment.
Underwriter (Full-Time) 40hrs Wkly
Gold Financial
Dallas, Texas
03.2019 - 09.2019
- Determined appropriate rate locks, issuance of disclosures, overage and underage waivers and fee waivers..
- Analyzed applicants' financial status, credit and property evaluation to determine feasibility of granting loan.
- Researched insurance information and flood certificates.
- Adhered to all federal and state compliance guidelines relative to retail mortgage lending.
- Analyzed loan-to-value ratios, debt to income ratios and credit scores to make underwriting decisions.
- Analyzed portfolio risks, including issues associated with underlying business practices and fraud exposure.
- Verified accuracy of documentation such as income statements, tax returns, bank statements and other related documents.
- Built rapport and leverages customer relationships with existing and potential borrowers with the goal of meeting customer needs and exceeding their expectations.
Loan Officer (Full-Time) 40hrs Wkly
Aspire Financial LLC
Dallas, Texas
12.2018 - 02.2019
- Determined appropriate rate locks, issuance of disclosures, overage and underage waivers and fee waivers.
- Analyzed applicants' financial status, credit and property evaluation to determine feasibility of granting loan.
- Adhered to all federal and state compliance guidelines relative to retail mortgage lending.
- Executed loan origination process, including ordering credit reports, appraisals and preliminary title reports.
- Researched banking guidelines and statutory requirements to stay updated on new laws and applications.
Mortgage Underwriter (Full-Time) 40hrs Wkly
Aspire Financial LLC
Dallas, Texas
02.2017 - 12.2018
- Analyzed applicants' financial status, credit and property evaluation to determine feasibility of granting loan.
- Assisted senior-level credit officers with complex loan applications.
- Inspected financial statements, credit information and title data to complete underwriting process.
- Analyzed loan-to-value ratios, debt to income ratios and credit scores to make underwriting decisions.
- Analyzed portfolio risks, including issues associated with underlying business practices and fraud exposure.
- Conducted comprehensive analysis and evaluated risk to control underwriting loss.
Loan Officer (Full-Time) 40hrs Wkly
Homeward Residential/Ocwen
Coppell, TX
08.2016 - 02.2017
- Executed loan origination process, including ordering credit reports, appraisals and preliminary title reports.
- Determined appropriate rate locks, issuance of disclosures, overage and underage waivers and fee waivers.
- Researched insurance information and flood certificates.
- Researched banking guidelines and statutory requirements to stay updated on new laws and applications.
- Analyzed applicants' financial status, credit and property evaluation to determine feasibility of granting loan.
- Interview applicants to qualify and determine best financial options and eligibility.
- Locked loans at point of sale, request initial documents from the customer, and submit an initial, paperless loan package to production staff.
Mortgage Underwriter (Full-Time) 40hrs Wkly)
Homeward Residential/Ocwen
Coppell, TX
02.2012 - 08.2016
- Evaluated mortgage loan risk based on sound underwriting decisions.
- Performed daily maintenance of loan applicant database.
- Analyzed applicants' financial status, credit and property evaluation to determine feasibility of granting loan.
- Executed loan origination process, including ordering credit reports, appraisals and preliminary title reports.
- Inspected financial statements, credit information and title data to complete underwriting process.
- Analyzed loan-to-value ratios, debt to income ratios and credit scores to make underwriting decisions.
- Analyzed portfolio risks, including issues associated with underlying business practices and fraud exposure.
- Analyzed Tax schedules.
Executive Liaison (Full-Time) 40 Wkly
Ocwen/Formerly American Home Mortgage
Coppell, TX
03.2009 - 02.2012
- Supported office operations, managed client correspondence, ensured record tracking and handled internal communications.
- Conducted research, compiled and typed statistical reports, synthesized information and provided excellent communication to disseminate information throughout organization.
- Drove customer feedback to deliver information to management for corrective action.
- Controlled and managed document processes by reviewing files, records and critical information to confirm accuracy and ensure compliance with company policies and procedures.
Education
High School Diploma -
McClain High School
Tulsa, OKWestern University
OnlineSkills
- Analytical-minded
- Excellent time management skills
- Skilled negotiator
- Reviewing policies
- Organized
- Complex problem-solver
- Finance background
- Thrives under pressure
Certification
- Property Claim Adjuster license
- Licensed Loan Officer
- Notary
Timeline
Commercial Loan Specialist (Full-Time) 40hrs Wkly
Small Business Administration, SBA
05.2020 - Current
Property Claims Adjuster (Unlimited Hours)
Independent Contractor
08.2019 - 06.2021
Underwriter (Full-Time) 40hrs Wkly
Gold Financial
03.2019 - 09.2019
Loan Officer (Full-Time) 40hrs Wkly
Aspire Financial LLC
12.2018 - 02.2019
Mortgage Underwriter (Full-Time) 40hrs Wkly
Aspire Financial LLC
02.2017 - 12.2018
Loan Officer (Full-Time) 40hrs Wkly
Homeward Residential/Ocwen
08.2016 - 02.2017
Mortgage Underwriter (Full-Time) 40hrs Wkly)
Homeward Residential/Ocwen
02.2012 - 08.2016
Executive Liaison (Full-Time) 40 Wkly
Ocwen/Formerly American Home Mortgage
03.2009 - 02.2012
High School Diploma -
McClain High School
Western University
- Property Claim Adjuster license
- Licensed Loan Officer
- Notary
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