Elvira Nosworthy
Decatur,Ga
Summary
Seasoned Loan Specialist and Auditor with a strong track record at District Partners, specializing in the management of cross-functional teams and the negotiation of complex loan agreements. Consistently ensures compliance and operational efficiency while leveraging expertise in Microsoft Office and PPP Tool Kit Publication. Recognized for exceptional organizational and communication skills that drive project success. Aiming to further enhance strategic financial processes in a dynamic organization.
Overview
22
22
years of professional experience
1
1
Certification
Work History
Loan Specialist Commercial - OCA
District Partners
06.2020 - Current
- Company Overview: Contracted through District Partners to SBA for PPP Program
- Affiliation Review/Post Payment Affiliation Reviews
- Determine loans researched by the CAFS team are within the family based on ownership, by owner name, relative of owner or borrower has multiple companies
- Review of organizational charts, Management/Operation agreements
- Analyzing financial statements, tax returns of their business enterprises
- Communicating orally and in writing with the lender regarding issues with the loan and documents required to advance or deny the loan forgiveness
- Review NAICS codes to determine if a waiver is available
- Determine if the Family of loans meets the eligibility criteria, Employee Size Standard, Industry Size Standard or Alternative Size Standard
- Review Employee Size Standard, Industry Size standard or Alternative Size Standard
- Determine if the family has separate corporate groups
- Review for Corporate Max limits of $20 million for First Draw Loans or $4 million for Second Draw loans) was met/unmet
- Reviewing Payment Confirmed loans for potential Claw-back
- Making recommendations relating to processing any additional hold codes or removing existing hold codes requests
- (54, 91, 33, 36)
- Updating the family worksheet, Masterfile for Affiliation
- Review of all claw-back loans to determine if there was an alternative option to approve based on new documentation received
- Any trailer loans received attached to a completed family
- Making recommendations for approval or denial and/or corrections within narratives if the loans went through appeals or HAR/OHA
- Analyzing financial statements, tax returns of businesses to determine if there is a difference from the prior decision
- Communicated orally or in writing with the lender regarding documentation requirements or any issues with the loan
- R3 Loan Specialist Commercial – OCA – worked loans from $1 million to $10 million
- Determine eligibility under PPP SBA guidelines for 1st & 2nd draw loans
- Determine if the business was active as of 2/15/2020
- Reviewed secretary of state information
- Verified the loan calculations based on their entity type
- Reviewed of payroll (Cares Report/PEO payroll/employers payroll documentation)
- Determine capping of employees/owners over $100K
- Analyzing financial statements, tax returns of their business enterprises
- 2019 941 Medicare Wages and average number of employees to be within guidelines of size standard
- Review (SUTA reports) unemployment filings for the amount paid towards
- Review of employer paid health and retirement benefits using either the tax return or invoices supplied
- Communicated in writing with the lender regarding documentation requirements or any issues with the loan documents
- Forgiveness portion:
- Review of payroll documentation from Cares Report, PEO provider, or company managed payroll for earnings, health & retirement benefits paid by employer during their covered period based on the covered period (8 10 or 24 weeks) capping income per individual based on the number of weeks during the covered period
- Review of owner’s salary to determine the correct capping based on the covered period
- Review amounts entered on Form 3508 and Schedule A
- To verify borrowers’ attestation that 60% of the loan amount was allocated towards payroll
- If the business qualified for Safe Harbor based on their ability to fully operate during COVID
- Determine if the number of employees or pay decreased, based on the quarter prior to disbursement and quarter after forgiveness
- Making recommendations related to the processing, servicing, and/or liquidation/default of business loans
- Mentor - Assisted SLS and Supervisor with new loan specialists with their questions regarding their complex loans regarding borrower’s tax returns and payroll documents
- Contracted through District Partners to SBA for PPP Program
Auditor
08.2023 - 10.2023
- 380/382 Audit
- 2024 OIG March 2024 – November 2024
- Review of Non-Profit Organization with greater than 500 (five hundred) employees based on guidance issued 3/11/2021
- 2023 PIIA Audit September 2023 – pending
- 2024 PIIA Audit March 2024 – September 2024
- Determination of loan amount received, and amount forgiven was correct
Due Diligence Underwriter Servicing/Compliance/Modification
JCIII & Associates/AMC First/SitusAMC
02.2013 - 02.2023
- Review of commentary to enter synopsis of communication with borrower
- Review of pay histories to determine cash velocity
- Reviewing loan files for completeness and accuracy
- Analyzing financial statements, tax returns, credit reports, individuals and/or business enterprises, mortgage applications, title documents, appraisals, and all applicable compliance documents
- Evaluate debt ratio, loan-to-value ratios, credit score, property valuation and various other factors
- Manual Frontline Underwriting Conventional/Conforming loan products
- Determining and documenting loan conditions and communicating requirements and/or decisions
- Identifies portfolio risks resulting from the client's underlying business practices, underwriting, and/or fraud exposure
- Maintains knowledge of all applicable underwriting guidelines by completing all underwriter training programs, learning any business unit policy and/or guidelines
- Reviewing of modification documents to ensure the maturity date and in compliance
Compliance Quality Assurance Analyst OCC Project
Randstad
05.2012 - 01.2013
- Review to evaluate the adequacy of controls and governance over foreclosure processes and assess the servicers’ authority to foreclose
- Reviewed of servicers’ oversight of key third parties used throughout the foreclosure process, with a focus on foreclosure attorneys, MERS, and default-service providers such as LPS
- Determined if servicers were in direct communication with borrowers, all loss-mitigation actions considered for alternatives to foreclosure, including loan modifications
- Evaluated servicers’ control over critical documents in the foreclosure process, including the safeguarding of original loan documentation
- Decided whether critical foreclosure documents were in the foreclosure files that they reviewed, and notes endorsed, and mortgages assigned
- Reviewed SCRA procedures
Loss Mitigation Specialist
Mortgage Savers
Conyers, USA
04.2008 - 02.2011
- Company Overview: (Conyers, Georgia)
- Responsible for the setup, review, and analysis of loan workout packages
- Follow prescribed guidelines for rating/coding QA data point findings
- Analyzing financial statements, tax returns, credit reports, and/or earning potential of individuals and/or business enterprises
- Approved delegated loss mitigation referrals which meet investor/insurer guidelines
- Perform on site review and negotiation of delinquent mortgage accounts to recommend that borrowers of opportunities resolve delinquency
- Strong audit and analysis skills for detailed evaluations on performance and servicer actions on loans
- Monitor the approved repayment/forbearance plans
- Approve loan modification agreements
- Negotiate with attorney firms, third party about short sales and deed-in-lieu
- Assist the REO department after foreclosure with property preservation, evictions
- Familiar with guidelines through HAMP, HAFA
- Review loan documentation for compliance with applicable laws
- Making recommendations related to the processing, servicing, and/or liquidation/default of residential loans
- (Conyers, Georgia)
Report Analyst/Trainer/Supervisor
Litton Loan Servicing
01.2004 - 03.2007
- Reporting and analyzing delinquency for investor reporting
- Production reporting for front-end collections and customer service
- Following up on payment posting via the VRU and Western Union phone pay
- Side by review with associates on calls and of payments promised
- New-hire training instructor
- To ensure associates provide excellent customer service while obtaining the payment that is due
- Communicating orally with internal and external customers to provide counsel or advice regarding financial or loan-related matters to make recommendations related to the processing, servicing, and/or liquidation/default of residential loans
- Analyzing financial statements, tax returns, credit reports, and/or earning potential of individuals to provide a workout plan
- Making recommendations related to the processing, servicing, and/or liquidation/default of residential loans
- Management of team working portfolio of delinquent mortgage accounts to prevent foreclosure
- Review of workout programs for customers to allow customers the opportunity to bring the account current based on guidelines from investors
- (Freddie Mac, Fannie Mae)
- Review bankruptcy accounts from acquisition, setting accounts up in bankruptcy status, verify post and pre-petition due dates
- Auditing accounts after the completion of bankruptcy, to ensure payments posted properly, complete adjustments needed to show the account current, or delinquent based upon the customers’ payments and bankruptcy guidelines
- Reviewing the response of correspondence based on RESPA guidelines
- Communicating orally with a variety of contacts to provide counsel or advice regarding financial or loan-related matters
- Management of team working portfolio of delinquent mortgage accounts to prevent foreclosure
- Review of workout programs for customers to allow customers the opportunity to bring the account current based on guidelines from investors
- (Freddie Mac, Fannie Mae)
- Analyzing financial statements, tax returns, credit reports, and/or earning potential of individuals and/or business enterprises
Report Analyst/Team Leader
PCFS Mortgage Resources
09.2002 - 12.2003
- Reporting and analyzing delinquency for investor reporting
- Production reporting for front-end collections and customer service
- Following up on payment posting via the VRU and Western Union phone pay
- Side by review with associates on calls and of payments promised
- New-hire training instructor
- To ensure associates provide excellent customer service while obtaining the payment that is due
- Communicating orally with internal and external customers to provide counsel or advice regarding financial or loan-related matters to make recommendations related to the processing, servicing, and/or liquidation/default of residential loans
- Analyzing financial statements, tax returns, credit reports, and/or earning potential of individuals to provide a workout plan
- Making recommendations related to the processing, servicing, and/or liquidation/default of residential loans
Education
Some College (No Degree) - Accounting
College
Skills
- Management
- Organizational skills
- Time management
- Capacity planning
- Coordinating cross-functional teams
- Project delivery
- Communication
- Presentation skills
- Negotiation skills
- Conflict resolution
- Collaboration
- Team management
- Mentoring
- Coaching
- Empowering team members
- Microsoft Office
- PPP Tool Kit Publication
- Loan evaluations
- Debt restructuring
- Payment scheduling
- Real estate loans
- Loan processing
- Data security practices
- Credit option explanation
- Loan origination
- Collateral evaluation
- Banking
- Construction loan financing
- Financial planning
- Portfolio management
- Mortgage lending
- Loan approvals
- Loan underwriting
- Credit scoring
Certification
- NY STATE REAL ESTATE SALES AGENT
- NY STATE MORTGAGE BROKER
Affiliations
- Suffolk County Community College September 1973 - June 1975 Business Admistration/Accounting Dean's List.
- Interactive College of Technology May 2009 Accounting/Office Automation
- National Technology Honor Society
Timeline
Auditor
08.2023 - 10.2023
Loan Specialist Commercial - OCA
District Partners
06.2020 - Current
Due Diligence Underwriter Servicing/Compliance/Modification
JCIII & Associates/AMC First/SitusAMC
02.2013 - 02.2023
Compliance Quality Assurance Analyst OCC Project
Randstad
05.2012 - 01.2013
Loss Mitigation Specialist
Mortgage Savers
04.2008 - 02.2011
Report Analyst/Trainer/Supervisor
Litton Loan Servicing
01.2004 - 03.2007
Report Analyst/Team Leader
PCFS Mortgage Resources
09.2002 - 12.2003
Some College (No Degree) - Accounting
College
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