CORINNE SCHAFFER
Nashville,Tennessee
Summary
Dynamic professional with 20+ years of experience in commercial banking with a concentration in commercial real estate loan portfolio management. Possesses vast knowledge of commercial and corporate banking laws and regulations. Adept at working both individually and as a team member to achieve or surpass organizational goals and expectations. Skilled at effectively liaising with clients, colleagues, managers and stakeholders at all levels to deliver quality results.
Overview
25
25
years of professional experience
Work History
Sr. Commercial Portfolio Manager II
First Farmers and Merchants Bank
Nashville, TN
10.2018 - Current
- Serve as primary relationship manager for diverse commercial and business banking loan portfolio made up of real estate construction and term loans, C&I loans, municipal loans, borrowing bases and lines of credit.
- Develop strategic relationships with clients to drive business growth and enhance customer satisfaction in a volatile interest rate environment with retention success rate of 90%.
- Analyze financial statements to assess creditworthiness of customers to help guide lending decisions.
- Price and structure new loans and renewals, issue term sheets and write recommendations for Credit approval.
- Engage with commercial loan officers and Credit to develop lending solutions that enhance customer satisfaction and support bank objectives while adhering to bank policy and regulatory guidelines.
- Prepare monthly and quarterly reports analyzing commercial portfolio performance against benchmarks for senior management.
- Maximize loan portfolio growth by identifying and pursuing new business opportunities.
- Maintain positive internal and external client relationships by providing exceptional service and addressing concerns promptly.
- Proficiency in Costar, S&P Capital IQ Pro and Abrigo (Sageworks)
Commercial Loan Administrator III
Simmons Bank
Nashville, TN
10.2017 - Current
- Oversee $140 million CRE and C&I loan portfolio for top performing Lenders in the Tennessee region
- Manage client relationship through the full life-cycle of the loan (inception to payoff)
- Assist Lenders with cross-selling efforts to achieve annual sales and deposit growth
- Coordinate with borrowers and legal counsel to insure that all conditions to close have been satisfied and that legal documents accurately depict approved credit terms
- Manage commercial construction draw process for loans in designated portfolio; open and administer Tennessee Retainage and other reserve/escrow accounts, engage third party vendors to provide ongoing construction monitoring, review construction budget, third party reports, draw requests, pay apps and change orders to confirm that project is on track, budget is balanced and monthly draw requests are funded expeditiously
- Review annual financial statements, tax returns and rent rolls to determine financial strength of borrowers and guarantors
- Write memorandum for loan renewals, modifications and annual reviews
- Track loan covenants and collect necessary information to prevent internal and external audit exceptions
Senior Commercial Associate
Synovus Bank
Nashville, TN
10.2016 - 04.2017
- Reviewed financial statements and tax returns, and run cash flow analysis to determine credit worthiness of principals
- Wrote commitments and credit memorandums for new loan closings, renewals and waivers
- Represented Bank at closing of construction and permanent loans
- Performed ongoing maintenance for commercial loan portfolio that includes office, industrial, multifamily, warehouse and mixed use land, construction loans, permanent loans and lines of credit
- Reviewed and fund commercial and residential construction draw requests
- Visited project sites to check on progress of construction
- Met with clients and inspectors to discuss progress of development
- Developed tracking system to manage aged financial and collateral exceptions
- Monitor loan covenants and verify ongoing compliance with loan covenants
- Opened checking accounts, facilitate wires and fund transfers on customers behalf
- Performed general maintenance on deposit and loan accounts using internal bank systems
- Prepared detailed credit proposals for presentation to senior management, highlighting key factors influencing lending decisions.
Transaction Coordinator, AVP
Citi Global Markets nka Greenwich Street Community Capital
Brentwood, TN
03.2005 - 09.2016
- Coordinate, close and convert commercial multifamily affordable housing balance sheet loans, mortgage backed securities, private placement and publicly traded municipal bond transactions credit enhanced by GSEs (Fannie Mae and Freddie Mac)
- Assess legal documents and due diligence to ensure amenability with regulatory lending guidelines
- Lead conference calls and delegate duties to stakeholders including borrowers, external legal counsel providers, local government agency representatives, trustees, and both rating and title agencies
- Review internal and external credit approvals to insure that terms coincide with the terms identified in loan documents and internal systems
- Book loans in Citi and Agency systems and deliver loans to servicer for maintenance during the permanent loan phase
- Deliver quality products and solutions to clients & outside investors (Fannie Mae & Freddie Mac)
- Design and implement new and improved document templates and related procedures based on business and operational changes; train all Associates on aforementioned forms and duties
Real Estate & Corporate Paralegal
Hollins & Associates
Nashville, TN
11.2004 - 02.2005
- Drafted legal documents for real estate transactions on behalf of borrowers
- Aided in the formation of newly-created business entities and crafted related organizational documents
- Reviewed title and surveys as needed to ensure accuracy
Portfolio Manager / Associate
Penrose Group
Vienna, VA
01.2001 - 12.2004
- Oversaw a multi-million-dollar commercial loan portfolio of retail, office, industrial and multi-family properties consisting of 75 Loans for major life insurance companies
- Completed yearly property inspections and market analyses
- Evaluated leases and lease amendments that had been negotiated; also authored lease analysis reports
- Collected and paid debt service constants and escrow payments each month on time and with accuracy
- Disbursed funds to multiple bank accounts based on escrow amounts, transferred monies to and from accounts and reconciled monthly bank statements.
- Reviewed commercial property insurance policies to guarantee that all locations received adequate coverage in compliance with applicable laws and policies
- Analyzed financial statements and devised reports for major life insurance firms
- Calculated projected annual budgets and performed escrow analyses
Education
Culture & Language
University of Toulon
Toulon, France01-1998
General Studies
Northern Virginia Community College
Manassas, Virginia01-2002
Skills
- Commercial Lending
- Corporate Banking
- Customer Relations
- Portfolio Management
- Cross-Selling
- Legal Review
- Transaction Execution
- Risk Assessment & Mitigation
- Regulatory Compliance
- Collaborative Problem Solving
- Solutions Advice
- Time Management & Organization
- Cross-Function Teamwork
- Interpersonal Communication
Other Pursuits
- Own, lease and manage six income producing residential investment properties in the Metro Nashville area
- Tennessee Real Estate Affiliate Broker Pre-Licensing course online
- Continuing Education at University of Maryland University College online
Timeline
Sr. Commercial Portfolio Manager II
First Farmers and Merchants Bank
10.2018 - Current
Commercial Loan Administrator III
Simmons Bank
10.2017 - Current
Senior Commercial Associate
Synovus Bank
10.2016 - 04.2017
Transaction Coordinator, AVP
Citi Global Markets nka Greenwich Street Community Capital
03.2005 - 09.2016
Real Estate & Corporate Paralegal
Hollins & Associates
11.2004 - 02.2005
Portfolio Manager / Associate
Penrose Group
01.2001 - 12.2004
General Studies
Northern Virginia Community College
Culture & Language
University of Toulon