Overview
Work History
Skills
Accomplishments
Languages
Timeline
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Dennis J. Godfrey, Sr.

Plainfield,IL

Overview

20
20
years of professional experience

Work History

Mortgage Closing Manager

01.1993
  • Assisted the mortgage closers with preparing loan closing packages
  • Instructed them on how to review title commitment for the subject property
  • Interacted effectively with the title company with mortgage closings
  • Managed the preparation of the closing statements as well as preparing closing instructions

Senior Commercial Asset Manager

CIC
01.2007 - 02.2008
  • Reported to both the President and Program Manager
  • Negotiated with lenders to purchase mortgages, notes, and REO
  • This job required the knowledge and understanding of working with complex loans including restructuring tax credit deals and failed condominium projects
  • I had over five years of commercial loan underwriting including tax credit projects and possessed good written and oral communication skills
  • Relied on my extensive experience and judgment to plan and accomplish these set goals
  • Performed a variety of tasks, a wide degree of creativity and latitude was utilized
  • Acquired high risk multi-family mortgages and notes from lenders at a favorable cost
  • Acquired mortgage/reo from regional and national lenders related to condominium fraud
  • Developed relationships with regional and national lenders to work on solution to condominium fraud
  • Underwrite real estate for sale through a competitive bid process
  • Prepared and presented to CIC loan committee recommendation for either the purchase or sale of real estate or mortgages
  • Partnered with government agencies to restructure mortgages and notes
  • Partnered with government agencies to consolidate debt
  • Managed the foreclosure and judicial sale process working with CII legal counsel
  • Closely monitored receiver manager
  • This period ran from six to 18 months
  • Worked closely with attorneys to expedite foreclosure sale or otherwise getting the transfer of title
  • This includes CIC purchasing the property from the owner to shorten time frames
  • Worked with manager and staff to develop a list of interested prospective investors, external and internal clients
  • Prepared and submitted reports required by the various agencies
  • Worked with dislocated tenants Advocate for effective programs to preserve buildings
  • Gained a full knowledge servicing of the mortgage loan and escrow services required

Senior Loan Originator

Inventive Mortgage Corp
01.2004 - 01.2007
  • Company Overview: Residential and Commercial Lending
  • As a licensed loan originator as required by the state of Illinois, I served as the Senior Loan Originator
  • I was responsible for all facets of quality origination and closing of residential & commercial mortgages, soliciting loan applications through proactive contacts and Realtors
  • I was responsible for maintaining and soliciting ongoing relationships with builders, realtors and existing customers
  • Solicited borrowers direct for both residential and commercial loans
  • Once the applications were received - I was responsible for reviewing and analyzing the loan transaction packages for preliminary approval or denial in accordance with the current guidelines
  • Provided credible recommendations ensuring accuracy and honesty
  • Underwrote Real Estate Loans for approval for submission to appropriate lending personnel
  • Also prepared the loan to be sold on the secondary market
  • Residential and Commercial Lending

Banking Center Manager

Bank One
01.2003 - 01.2004
  • As banking center manager my responsibilities included motivating and informing, and keeping my team abreast
  • I coached my entire team to reach production goals set for the month
  • These actions were taken to ensure that all goals were met
  • All loans were made in compliance with banks requirements
  • Responsibility included managing staff and performing yearly evaluations
  • Performed callings for clients
  • Performed analysis on bank's accounts to ensure increase potentials of more accounts
  • Responsible for having sales meeting with staff on a regular basis

Relationship Manager

01.2000 - 01.2003
  • Due diligence was required for each loan
  • I met with each potential borrower and inspected the subject properties for requested financing
  • Reviewed single family and commercial real estate property proposed performance budget as needed
  • Prepared property performance income, expense analysis and lease summary/rent roll for each transaction
  • Presented all related deal points to appropriate lender as required
  • Assemble all required documentation needed for processing and underwriting on each transaction
  • Log all transactions in the Loan Tracking System in a timely manner and ensure it is up to date
  • Work closely with underwriting, loan processing and appraisal departments and assist whenever necessary
  • As a Commercial Loan underwriter of real estate, I have over ten years of experience of underwriting commercial real estate property; I understand both single family residence and multi-family units
  • I have educated and assisted individuals as well as small businesses and not-for-profits to build and maintain a healthy financial outlook
  • I have enjoyed providing vital seminar courses on eliminating unnecessary debt and procurement of investment or residential property
  • I have served several years on the board of community groups as well as church organizations; I have assisted in providing and the developing of affordable housing
  • Was responsible for, First Time Homebuyer's seminar, Understanding and Owning Investment Property and Understanding your credit and your credit report

Community Commercial Real Estate Lending Officer & Facility Manager

Bank One
01.1996 - 01.2003
  • Managed and contributed to the direct the loan centers annual goals
  • Also worked with the community to meet all Loan Center goals
  • Worked directly with the team to increase production
  • Reinforced daily work strategies to increase and retain and produce new business
  • Responsible for the Loan Center's customer service initiatives and the community bankers assigned to the facility
  • Overseen the daily operations of the Loan Center and team work schedules to ensure the necessary coverage at all times
  • Responsible for sales, service and community meeting outlook
  • Enjoyed providing vital seminar courses, such as first-time home buyers, understanding your credit and eliminating debt seminars
  • Served on multiple community groups and not for profit board; It was my responsibility to assist in bringing to fruition many affordable housing development projects
  • As Relationship Manager I worked closely with clients on construction, rehabilitation projects and multi-family acquisitions
  • Also, overseen the progress of the project and the balance of the construction budget
  • As Relationship Manager I worked closely with clients and construction managers
  • I was also responsible for managing of my personal assigned portfolio, originating, closing and servicing commercial real estate loans
  • Assisted in meeting our low to moderate and affordable housing
  • Managed a portfolio of over $25MM commercial real estate properties
  • Worked closely with not-for-profit / Community Groups
  • Possess strong analytical and operational skills
  • A sincere commitment to housing and economic development
  • I have knowledge of compliance and HMDA requirements
  • Can effectively interface with a wide range of consultants and manage task under time sensitive situations

MANAGER / TEAM LEADER

FIRST CHICAGO
01.1993 - 01.1996
  • Responsible for community lending within the bank
  • The focus of this unit was to make mortgage loans in low-to-moderate income area within the city of Chicago
  • This unit assisted the bank in its CRA efforts
  • Worked very close with various community groups and church organizations
  • Managed the day-to-day operations of a newly hired staff
  • Trained loan officers selected to work in the low-to-moderate income areas
  • Trained staff to underwrite mortgage loans according to the Fannie Mae guidelines; also prepared loans to close and be sold on the secondary market

Post-Closing Manager

First Chicago
01.1988 - 01.1990
  • Reviewed all loans closed documentations to ensure that all post-closing loan requirements were met to sale the loans on the secondary market

Skills

  • Team Leadership Expertise
  • Inventory management
  • Team Leadership
  • Effective Conflict Resolution

Accomplishments

  • Documented and resolved [Issue] which led to [Results].
  • Achieved [Result] through effectively helping with [Task].
  • Supervised team of [Number] staff members.
  • Collaborated with team of [Number] in the development of [Project name].

Languages

English
Full Professional

Timeline

Senior Commercial Asset Manager

CIC
01.2007 - 02.2008

Senior Loan Originator

Inventive Mortgage Corp
01.2004 - 01.2007

Banking Center Manager

Bank One
01.2003 - 01.2004

Relationship Manager

01.2000 - 01.2003

Community Commercial Real Estate Lending Officer & Facility Manager

Bank One
01.1996 - 01.2003

Mortgage Closing Manager

01.1993

MANAGER / TEAM LEADER

FIRST CHICAGO
01.1993 - 01.1996

Post-Closing Manager

First Chicago
01.1988 - 01.1990

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Dennis J. Godfrey, Sr.