Bonnie Principio
Geneva,New York
Summary
A determined, knowledgeable and results-driven Loan Professional proudly offering several years (34) of experience in the banking industry who possess deep understanding of loan servicing, underwriting and policy & procedures. Who is known for high productivity and efficient task completion. Excel in risk assessment, financial analysis, and regulatory compliance to ensure smooth loan processing. Strong communication, problem-solving, and negotiation skills enable successful interactions with internal & external clients and financial institutions. Committed to maintaining confidentiality and integrity in all dealings, along with the company goals.
Overview
34
34
years of professional experience
Work History
Loan Specialist – GS 12 -1165-(Permanent)
SBA – US Small Business Administration
Little Rock
03.2024 - Current
- Reviewed documentation within the Universal Purchase Package; CPC Expense Requests & are reasonable and necessary for reimbursement to the Lender; Litigation Plans for compliance and verified that the lender adhered to SBA Standard Operating Procedure (SOP).
- Performed due diligence in the liquidation and honoring of SBA guaranty on SBA 7(a), Express, Community Advantage, SLA, ARC, and IDAP loans.
- Provided recommendation to purchase, deny, or withdraw the request of the Lender to honor the SBA Guaranty. Reimbursement of CPC Expenses and Litigation Plan Review.
- Concur to the recommendation to purchase, deny, or withdraw the request of the lender for guaranty purchase, and move the file to charge-off or expedited status.
- Approve or deny the repurchase of SBA loans from the Secondary Market.
- Review and complete due diligence of documentation, and analyze financial information provided by the Obligor to determine if an Offer in Compromise (Pre and/or Post Charge Off) bears a reasonable relationship to the amount that could be recovered in a reasonable amount of time through enforced collection, and is sufficient to protect the integrity of the SBA.
- Complete any item through Quality Control findings by preparing SBA Form 327 and assisting the Denver Finance Center (DFC) in correcting and updating or showing that the item is correct by providing documentation and reasons to QC for the removal from the spreadsheet.
- 1st Level Charge Off Review (504 -RE loans)- Able to understand the 504-loan process from loan closing, debenture repurchase, liquidation and Repayment/workout plans for repayment of defaulted debt.
- Charge Off Review -Verifying loan is ready for charge off, Obligors properly identified, LANA updated, Bankruptcy discharged (if applicable) and there are no open actions pending. Recommend that loan is ready or is not ready for charge off transactions. Concurring the recommendation to complete Charge Off by verifying that the file is/is not ready for charge off.
- Expedite status- To ensure that all litigations and/or liquidation efforts are completed, and any open bankruptcy is discharged. There are no open actions pending. Recommend that loan is ready to move charge off. Update CHRON with recommendation. Verified and concurred with recommendation that the file is ready for charge off and move to charge off action. Update CHRON for concurrence of recommendation.
Loan Specialist – GS 13 -1165-(Term)
SBA – US Small Business Administration
Little Rock
12.2021 - 03.2024
Loan Specialist (Commercial) -GS 13 -1165 – (Temp)
SBA – US Small Business Administration
Little Rock
10.2020 - 12.2021
SURGE Loan Specialist (Contractor)
K-Force Consulting (SBA – US Small Business Administration)
05.2020 - 10.2020
- Obtained a Public Trust clearance
Data Reporting Analyst
Robert Half Technology (Zoto’s International/ HENKEL)
02.2020 - 05.2020
- Responsible for data processing, entry and mining of company information to prepare for the integration to SAP system.
- Strong Excel experience (Macros, VLOOKUP up, etc.)
- Knowledge of Quality Management Systems (QMS)
- Knowledge of Ingenuity (Custom manufacturing program service)
Credit Analyst
USNY Bank (Bank of the Finger Lakes)
05.2018 - 05.2019
- Responsible for providing credit analysis for the lending activities of the bank.
- Provides analytical services in the administration of the loan account.
- Meets with current customers, potential customers, and loan officers to obtain information needed for loan requests by performing the following:
- Underwrites, analyzes, and prepares presentations for loans and assists in the negotiation of the loans and structuring presentations.
- Analyzes the credit and collateral aspects of business and individual loans both secured and unsecured.
- Monitors loans to ensure proper documentation with respect to items such as periodic calculation of ratios to determine financial covenants and ensure complete loan files are maintain.
- Various assigned projects.
AVP, Loan Processing and Servicing Manager
Generations Bank
03.2016 - 10.2017
- Supervise all aspects of the processing and servicing for all loans (portfolio and sold).
- Supervision of 6 Loan Specialist which included posting of payments, the payment of hazard, mortgage, flood, life & A&H insurance and the payment of taxes for all escrow accounts, the tracking system for insurance and taxes, escrow analysis, the collection of information and reporting to HMDA, and other similar agencies.
- Supervise the processing of loans in non-accrual, charge-off, or OREO status.
- Supervision of loan (commercial, consumer and mortgage) document preparation to ensure all loans are being processed in a timely and proper manner and verify that all loans are processed in accordance with established regulations, Bank policies, and secondary market processing guidelines.
- Along with direct loan input to Core system and verification procedures for all loans, processing of secondary market loans and monthly remittances. (FHLB, Fannie Mae and USDA), FHLB Collateral Reporting, manage disbursement applications and controls for construction and development loans, Rate changes and accrual adjustments, and balancing of general ledger accounts used in loan servicing.
- Head periodic loan operations meetings to discuss improvements and resolve issues.
- Act as liaison to the Internal Auditor & Compliance Officer for audit and compliance issues and Assists with assigning and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
CRA Officer
Generations Bank
02.2015 - 10.2017
- Assist in overseeing and updating policy and procedures for compliance with the Community Reinvestment Act, Home Mortgage Disclosure Act, and Fair Lending Act.
- Research, analyze and interpret all applicable CRA regulations and implement changes to and/or enhance existing policies and procedures.
- Perform an annual Fair Lending Risk Assessment.
- Responsible for assisting with the collection of all CRA data, including but not limited to all HMDA loan data, all CRA qualified community support donations and all employee hours donated in support of our community.
- Prepare, analyze, and monitor the Bank’s statistics to determine adequate loan penetration of low- and moderate-income households and small businesses.
- Analyzes and documents components of the lending test utilizing CRA software (HMDA Wiz) as well as other technical resources to track CRA performance and present reports to Management.
AVP, Credit Administrator
Generations Bank
02.2015 - 03.2016
- Work closely with the VP Commercial Lending to assist in all risk areas of the department to achieve strategic and tactical goals.
- In conjunction with the BDO’s and Loan Officers, may interview prospective small, midlevel, and large business loan customers in an effort to make a preliminary determination as to the nature and feasibility of the credit request.
- Perform due diligence on borrower/guarantor.
- Analyze and spread financial statements for existing and potential new clients.
- Provide preliminary recommendation as to the feasibility of the credit request.
- Underwrite, re-underwrite, review and / or approve commercial real estate loans, residential investor mortgage loans and business loans (commercial & industrial) per product and investor guidelines.
- Prepare loan committee presentations and annual credit reviews along with supporting documentation for new and existing customers.
- Include in this review, assignment of appropriate risk ratings as well as compliance with loan covenants and loan policy.
- Provide constructive recommendations when reviewing decisions on newly underwritten loan requests and annual reviews of existing loans.
- Ensure loan presentations include all pertinent information and are free from material errors.
- Ensure loans are structured consistent with the risk profile of the borrower and the risk appetite of the Board.
- Prudent lending requires the bank to identify risks, assess their nature and magnitude, and structure the loan in a way that sufficiently mitigates them.
- Perform and monitor required annual reviews of all commercial loans for sufficiency and quality.
Credit Analyst
Generations Bank
01.2009 - 02.2015
- Substantial experience and outstanding skills in Commercial Loan/Credit Administration and in Commercial Loan Operations/ Loan Servicing.
- Accustomed to working in fast paced environment with ability to think quickly and successfully handle difficult situations, a broad range of customer inquiries and swiftly resolved problems.
- Excellent interpersonal skills, ability to work with others, in both supervisory and support staff roles.
- Strong written and verbal communication skills and attention to detail and accuracy.
- Outstanding organizational skills with the ability to set priorities and meet deadlines.
- Prepare and interpret spreads of financial statements with the ability to understand and use computer programs and analyze spreadsheets.
- Prepare loan presentations suitable for the Board of Directors.
- Evaluate credit quality, documentation, loan policy compliance, including the maintaining current financial statements for each credit file.
- Maintain ongoing tracking of commercial loan information including receipt of necessary financial statements from borrowers/guarantors and the annual review of each account.
- Prepare commercial loan closing documents and coordinate closing with attorney and borrower, book loans into the bank’s operating system, create credit and electronic files and follow procedures to secure necessary documentation.
- Order necessary supporting documentation from outside affiliates such as credit bureaus, flood determinations, environmental work, appraisals, etc.
- Review and process any and all loan payments, line advances, loan closings, wires, billings, past due notifications, etc.
- Become fluent in the bank’s core systems for operating and reporting duties.
- Responsible for compliance with regulations including but not limited to Anti-Money Laundering, US Patriot Act, Bank Secrecy Act, OFAC, Fraud Protection, Security Procedures and Privacy and Confidentiality requirements.
- Notarizing Documents.
Commercial Loan Administrative Assistant & Credit Analyst
Ontario National Bank/Community Bank NA
01.2003 - 01.2009
Commercial Loan Administrative
Savings Bank of the Finger Lakes
07.1996 - 01.2003
Loan Servicing Clerk
Savings Bank of the Finger Lakes
12.1991 - 06.1996
Education
Paralegal Practice - Para Legal practice, Business Structures, Real Property Law Practice, Business Law, Business Organization, Basic Accounting, Accounting I, Accounting II
Finger Lakes Community College
Canandaigua, NY450 Hour Office Administration Course - Excel, Word, Access
Finger Lakes Community College
Essential of Commercial Lending - Making the Commercial Decision, Evaluating and Structuring Commercial Loans-A Decision Tree Approach
New York Business Association
Microsoft Office - Management Skills for New Managers & Supervisors
Fred Pryor Seminar
Commercial Loan Documentation - Analyzing Business Tax Returns
Robert Morris Associates Seminar
The Indispensable Assistant -
Skill Path Seminar
Excel 2000-Level 2 -
New Horizons Computer Learning Center
How to Review Appraisals - Self-Employed Borrowers-Personal Tax Return Analysis
Mortgage Guaranty Insurance Company (MGIC) Webinars
Skills
- Ability to assess loan applications and manage loan portfolios and developing effective loan strategies
- Deep knowledge of loan closing procedures and relevant federal/state regulations to determine loan eligibility in terms of the lender’s policy and guidelines
- Extensive SBA Standard Operating Procedure (SOP) loan documentation experience in all levels of closing to structure transactions to the appropriate SBA loan program and Lender's policy Perform Small Business Administration (SBA) audit quality review and approval of loan application and submission documentation (912, citizenship, ownership, and other eligibility) at time of underwriting for full compliance with SBA, 7a, SLA, Express and 504 loans, lender credit standards, and feasibility of the proposed transaction
- Experience preparing detailed loan credit approval write up and financial analyses of borrowing entity, guarantors and affiliates by obtaining, reviewing and approving third party reports including all credit reports, UCC searches, CAIVRS, OFAC, commercial and residential appraisals, environment reports, business valuations, site visits, and equipment appraisals in accordance with lender’s/SBA standards for compliance, using lender forms when applicable
- Have working knowledge of government guaranty loan programs including changes to the programs implemented by the governing agency as well as SBA Standard Operating Procedures
- Experience preparing and forwarding all letters of approval or declination in accordance with internal process
References
- Joel Tittle, 479-270-2180
- Tammy Braun, 315-730-3984
- Mark Johnson, 501-351-4299
- Izora Harris, 501-240-6893
- James King, 315-730-0238
- LeeAnn Patterson, 315-945-4960
Timeline
Loan Specialist – GS 12 -1165-(Permanent)
SBA – US Small Business Administration
03.2024 - Current
Loan Specialist – GS 13 -1165-(Term)
SBA – US Small Business Administration
12.2021 - 03.2024
Loan Specialist (Commercial) -GS 13 -1165 – (Temp)
SBA – US Small Business Administration
10.2020 - 12.2021
SURGE Loan Specialist (Contractor)
K-Force Consulting (SBA – US Small Business Administration)
05.2020 - 10.2020
Data Reporting Analyst
Robert Half Technology (Zoto’s International/ HENKEL)
02.2020 - 05.2020
Credit Analyst
USNY Bank (Bank of the Finger Lakes)
05.2018 - 05.2019
AVP, Loan Processing and Servicing Manager
Generations Bank
03.2016 - 10.2017
CRA Officer
Generations Bank
02.2015 - 10.2017
AVP, Credit Administrator
Generations Bank
02.2015 - 03.2016
Credit Analyst
Generations Bank
01.2009 - 02.2015
Commercial Loan Administrative Assistant & Credit Analyst
Ontario National Bank/Community Bank NA
01.2003 - 01.2009
Commercial Loan Administrative
Savings Bank of the Finger Lakes
07.1996 - 01.2003
Loan Servicing Clerk
Savings Bank of the Finger Lakes
12.1991 - 06.1996
Paralegal Practice - Para Legal practice, Business Structures, Real Property Law Practice, Business Law, Business Organization, Basic Accounting, Accounting I, Accounting II
Finger Lakes Community College
450 Hour Office Administration Course - Excel, Word, Access
Finger Lakes Community College
Essential of Commercial Lending - Making the Commercial Decision, Evaluating and Structuring Commercial Loans-A Decision Tree Approach
New York Business Association
Microsoft Office - Management Skills for New Managers & Supervisors
Fred Pryor Seminar
Commercial Loan Documentation - Analyzing Business Tax Returns
Robert Morris Associates Seminar
The Indispensable Assistant -
Skill Path Seminar
Excel 2000-Level 2 -
New Horizons Computer Learning Center
How to Review Appraisals - Self-Employed Borrowers-Personal Tax Return Analysis
Mortgage Guaranty Insurance Company (MGIC) Webinars
Similar Profiles
Andrea GyurisinAndrea Gyurisin
Commercial Loan Specialist at U.S Small Business Administration (SBA)Commercial Loan Specialist at U.S Small Business Administration (SBA)
JESSY EUGENEJESSY EUGENE
Administrative Support Specialist at Small Business Administration, SBAAdministrative Support Specialist at Small Business Administration, SBA
Damingo McNackDamingo McNack
Commercial Loan Specialist (Full-Time) 40hrs Wkly at Small Business Administration, SBACommercial Loan Specialist (Full-Time) 40hrs Wkly at Small Business Administration, SBA
Tiffany BlackmanTiffany Blackman
Server at Brewery ArdennesServer at Brewery Ardennes
Ramel BowenRamel Bowen
Cleaning Contractor at Temp AgencyCleaning Contractor at Temp Agency