Cedric Tate

Conducted compliance, underwriting and appraisal desk reviews

Examined transaction components for underwriting deficiencies, misrepresentation, or fraud. Ensured all loan applications adhered to stringent state and federal regulations, and were structured to meet all agency guidelines and corporate standards.

Key Achievements:

• Established strong leadership within the claims department, overseeing the verification and calculation of income and asset management. Utilized Lender Processing Services (LPS) to review loan information and ensure comprehensive accuracy for the client and company documentation. Analyzed pay stubs, credit reports, tax returns, and financial statements to establish optimal workout options and gauge a borrower's capacity to repay mortgage loans. Underwrote company loss mitigation files and established extensive workout solutions, according to investor guidelines. Employed Credit Approval Sheets (CAS) to provide customers with time-sensitive workout options and to clarify any discrepancies found.

Key Achievement:

• Streamlined processes by liaising effectively with Fannie Mae, Freddie Mac, The Federal Housing Administration, and the United States Department of Veteran Affairs in order to meet underwriting standards and application requirements.

Evaluated aggregated data to prevent fraud, identify common trends, and ensure adherence to regulatory guidelines in risk analysis of securities.

Conducted thorough assessment of both overall and system documentation pertaining to complex, exceptional, or high-risk transactions. Developed strategic solutions to address identified risks and successfully resolved any related challenges.

Implemented successful strategies that improved transactions by ensuring their accuracy and completeness.

• Performed credit risk analysis and evaluated financial status of customers which led to a reduction in defaulted loans and securities.
• Analyzed and mitigated risks by delivering creative solutions through thoughtful analysis
• Maintained a high degree of precision during the review of conventional loan files for income, credit and property in accordance with designated deadlines set by management.
• Facilitated clear communication of both internal and external audit requests, safeguarding clients from avoidable loan repurchases.
• Evaluated risks, addressing process deficiencies. Took decisive actions.

• Compiled and shared comprehensive documentation on the outcomes of Foreclosure Case Review
• Ensured adherence to compliance standards by implementing an appropriate infrastructure for supporting Loss Mitigation and foreclosure activities.
• Implemented effective tactics to improve overall testing and reviewing processes
• Conducted testing procedures on Foreclosure Review's case management system, adhering to the guidelines outlined in Article VII of The Consent Order and OCC.
• Examined borrower data to verify the authenticity of foreclosing party's ownership assertions and determine potential financial harm.

Ensured compliance with state and federal laws regarding foreclosure, validating proper documentation of note and mortgage ownership.

• Leveraged aggregated problem trends analysis to pinpoint common failure characteristics, facilitating the development of actionable recommendations to enhance both quality and quantity.
• Effectively mitigated process-related risks through decisive actions.
• Developed efficient streamlining techniques for analyzing conventional loan files comprising of income, credit and property attributes
• Demonstrated proficiency in resolving intricate problems.
• Ensured adherence to defined production and quality standards
• Managed loan authorization process for $417,000 following secondary market certification requirements and submission protocols.
• Offered professional knowledge to assist loan processors and fellow underwriters with basic underwriting inquiries.