Christine Lynn Iandolo
Rockaway Park,NY
Summary
To obtain a position as a Senior Loan Processor or a place in the mortgage industry where my twenty five years of experience and perseverance in every aspect of the business will enhance clients' experience, provide fast and assiduous results for both the company and the clients, and open up opportunities for career advancement. 2
Overview
24
24
years of professional experience
Work History
Senior Loan Processor
All Service Mortgage bought out Prospect Mortgage Group
01.2018 - 01.2023
- Managed multiple projects simultaneously while meeting tight deadlines.
- Researched relevant laws and regulations related to lending practices in order to remain compliant with industry standards.
- Monitored progress of loans throughout the entire origination process from pre-qualification through post-closing activities.
- Reviewed and verified borrowers' income, credit reports and property appraisals to prepare documents for underwriting.
- Interfaced with borrowers to obtain needed items and prepare applications for underwriting review.
- Structured loan packages by properly analyzing credit reports, income and asset documents.
- Assisting Loan Officer with requests and tasks needed to prequalify, complete, place and process applications while holding a closing ratio of 90%
- Helping loan officer choose the most appropriate program for loan placement
- Verify information and references by contacting the right sources
- Reviewed initial client documentation to structure and submit loan package.
- Reviewed appraisals for accuracy before underwriting loans for approval or denial.
- Submit completed proper loan file to underwriting
- Collaborated closely with underwriters when reviewing files for final approval.
- Checked approvals against established bank and government lending standards.
- Act as point of contact between loan officers, underwriters and clients
- Upheld compliance with privacy and security requirements, as well as federal statutes covering VA loans.
- Managed conditions sent from underwriting departments.
- Worked with third-party vendors to address and clear loan closing requirements.
- Coordinated document preparation with attorneys, title companies, lenders, and other third parties as needed.
- Handling signing up with lenders and day to day of operations manager
- Handled review of file for compliance
- Reviewed old files for compliance issues from old processor.
Senior Loan Processor/Ops. Manager
RBI & Associates LTD/ Prospect Mortgage Group
01.2006 - 01.2018
- Evaluating credit histories for applications
- Assisting Loan Officer with requests and tasks needed to prequalify, complete, place and process applications while holding a closing ratio of 90%
- Helping loan officer choose the most appropriate program for loan placement
- Collecting data from clients such as their assets, salaries, debts and employment status to fill in information for the loan application execution by borrower
- Verify information and references by contacting the right sources
- Correct mistakes and investigate inconsistencies
- Ordering appraisals
- Submit completed proper loan file to underwriting
- Act as point of contact between loan officers, underwriters and clients
- Conduct a final review of the file before closing
- Coordinating all parties for closing
- Prepared Prelim HUDS and Final HUDS for closing
- Prepared closing packages for closing
- Reviewed packages post closing for compliance to be sent back to lender
- Attended closings with Attorney, title and escrow officers
- Handled check dispersant sheet for closings and check dispersant at or after closing
- Handled the review of Alta Policy and corrections if needed
- Negotiated contracts with real estate agents, buyers, sellers and title agents
- Reviewed and adjusted if needed amendments, leases, title, purchase and sales contracts
- Handled the review of closed files for mortgage broker file to comply with bank department regulations
- Handled the review of post closing attorney files for compliance before storing
- Reviewed old files for compliance issues from previous processors.
Senior Loan Processor/Ops. Manager/Para-Legal
Blue Key Financial Mortgage Broker/Law office of Caridi PC
01.2004 - 01.2018
- Handled all operational manager and senior loan processor responsibilities
- Assisted junior staff members with any questions they may have had about the loan process or procedures.
- Interfaced with borrowers to obtain needed items and prepare applications for underwriting review.
- Analyzed income documentation including pay stubs, W2s, tax returns, bank statements. to determine borrower's ability to repay the loan.
- Calculated income, assets and liabilities to meet lender requirements.
- Helping loan officer choose the most appropriate program for loan placement
- Verify information and references by contacting the right sources
- Reviewed and verified borrowers' income, credit reports and property appraisals to prepare documents for underwriting.
- Collaborated closely with underwriters when reviewing files for final approval.
- Reviewed appraisals for accuracy before underwriting loans for approval or denial.
- Ordered property insurance or mortgage insurance policies to protect against loss on mortgaged property.
- Act as point of contact between loan officers, underwriters and clients
- Point person for all other branches processors
- Conduct a final review of the file before closing
- Coordinating all parties for closing
- Prepared Prelim HUDS and Final HUDS for closing
- Prepared closing packages for closing
- Reviewed packages post closing for compliance to be sent back to lender
- Attended closings with Attorney, title and escrow officers
- Handled check dispersant sheet for closings and check dispersant at or after closing
- Handled the review of Alta Policy and corrections if needed
- Negotiated contracts with real estate agents, buyers, sellers and title agents
- Reviewed and adjusted if needed amendments, leases, title, purchase and sales contracts
- Handled the review of closed files for mortgage broker file to comply with bank department regulations
- Handled the review of post closing attorney files for compliance before storing
- Reviewed old files for compliance issues from previous processors.
Senior Loan Processor/Ops.Manager
Global Home Loans and Finance Bank
01.2000 - 01.2004
- Gathering information for the loan application
- Evaluating credit histories for applications
- Collecting data from clients such as their assets, salaries, debts and employment status to fill in information for the loan application execution by borrower
- Researching and correcting mistakes in applications for borrower's credit approval
- Meeting loan application deadlines
- Assisting Loan Officer with requests and tasks needed to prequalify, complete, place and process applications
- Held a 100 loan pipeline with a 90% closing ratio
- Managed three loan processors under myself.
Loan Processor
Berkshire Mortgage Finance/Wall Street Mortgage
01.1999 - 01.2001
- Opening up new files and creating disclosure packages in accordance banking regulations for those loans specific state
- Shipped Disclosure packages to borrowers or the loan officer
- Collected and reviewed returned disclosures for compliance
- Ordered Appraisals, Refinance Title Binders, Insurance Binders
- Followed up with borrowers on document request sheet
- Ordered initial payoffs and follow up payoffs prior to funding
- Assessing the financial history of loan applicants and assessing whether applicants are eligible to obtain loans
- Worked on credit repairs
- Worked side by side with our in house underwriting team.
Education
GED -
Brooklyn College Academy
Brooklyn, NYSkills
- Operational Management
- Application Process Management
- Pipeline Management Know-How
- Document Management
- Client Data Gathering
- Credit analysis
- Deadline Management
- Loan Disclosures
- Loan placement
- Conventional
- Non-QM
- Reverse Mortgage lending
- Commercial Lending
- FHA
- VA
- HUD
- Construction lending
- 203k loans
- Restoring of fico score and credit repair
- Proficient in all Loan Origination Software (LOS) including, Genesis, Calyx Point, Encompass and Paper Point
- All Automated Underwriting System (AUS)
- Risk Assessment Acumen
- Mortgage Underwriting Expertise
- Analyzing Appraisals
- Appraisal Rebuttals
- Regulatory Compliance Knowledge
- Quality control regulations for state banking department
- Highly experienced in banking departments audit requirements
- Interpersonal relationship building
- Fraud Detection Awareness
- Full knowledge of all aspects of title and legal depart including preparation of HUD’s and closing document preparation
- Contract finalization
- Escrow Coordination Experience
- Title Review Understanding
- Short Sales/Note Sales
- Loan Modification
- Loan Disbursement
- Effective Time Management
Accomplishments
Awards received from various lenders for most loans closed in a month as a loan processor
Timeline
Senior Loan Processor
All Service Mortgage bought out Prospect Mortgage Group
01.2018 - 01.2023
Senior Loan Processor/Ops. Manager
RBI & Associates LTD/ Prospect Mortgage Group
01.2006 - 01.2018
Senior Loan Processor/Ops. Manager/Para-Legal
Blue Key Financial Mortgage Broker/Law office of Caridi PC
01.2004 - 01.2018
Senior Loan Processor/Ops.Manager
Global Home Loans and Finance Bank
01.2000 - 01.2004
Loan Processor
Berkshire Mortgage Finance/Wall Street Mortgage
01.1999 - 01.2001
GED -
Brooklyn College Academy
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