Ericia Cato

• Drafts and reviews loan documentation for high complexity commercial loans in a multi-state environment
• Engages with the deal team on forecasting loan pipeline activity and provides due diligence requirements as loans are assigned
• Reviews attorney prepared loan packages for syndicated loans, often with Regions serving as the agent bank
• Loan Funding / Booking in Loan IQ
• Obtains the necessary documents to evidence the debt and secure the loan
• Ensures the loan is closed per loan approval and that supporting documentation conforms to loan approval and policy
• Identifies potential issues related to documentation, policy or regulatory requirement and remediates prior to closing
• Execute Deal Amendments

• Coordination of loan doc preparation/ Insurance verification.
• Review Credit Packages
• Boarding loans and data entry into loan system/ Treasury Rate Pull
• Assist in executing closing and funding of the loans/updating Risk Ratings / FBR flags in the loan system
• Review work conducted by third-party for Construction /Real estate /Working Capital / RLC loans.
• Assist with reporting service level and executing balancing/draw/disbursement process.
• Remediation Projects

• Movement of cash on day of closing

• Reconciliation of outstanding cash related to closing

• Participation in post-closing call handoff with client, deal team, PM and servicing contact.

• Holds post-close meeting with servicing team for operational hand-off

• Provides ongoing closing support after loan is booked

• Provide back up support to servicing team when needed.

• Review of attorney prepared loan documents ensuring the bank can meet all operating requirements prior to closing

• Attending deal closing calls and ability to speak to any operational issues within documentation

• Request for CUSIP

• Input new or amended deal information into Loan IQ

• Responsible for managing a high volume of commercial loans ensuring loans are accurately disbursed, analyzing complex client concerns, and following up with Lenders for outstanding exceptions and/or discrepancies. Assist Underwriters in identifying and analyzing information from clients for accuracy.
• Work closely with senior underwriters.
• Resolve escalations in a prompt manner enduring client satisfaction.

• Maintained up-to-date and comprehensive knowledge of SCP’s various Lending Program Guidelines.
• Assisted Underwriters in reviewing documents and analyzing information.
• Work closely with senior underwriters.
• Utilized relevant information regarding outstanding items and made independent judgments to determine if the process complies with guidelines and policies.
• Performed ongoing monitoring of flood insurance requirements.
• Communicated discrepancies related to Flood/Title/Fraud requirements with the appropriate business unit.
• Followed up with internal team and clients to obtain information regarding delinquent payments and financial information.
• Completed post-closing funding and delivered closed transactions to the loan servicing department.
• Actively interacted with and supported originators, brokers, sponsors, third-party report providers, counsel, and credit officers.

• Tracks and follows up on lists of missing or delinquent documentation.
• Process approved commercial disbursement requests, modifications, and forbearance agreements.
• Works with Business Banking to ensure the proper insurance and tax policies are applied and follows up with customers or agencies.
• Collaborates with business banking, credit, and loan servicing team members to ensure all commercial loans are documented, boarded, and funded accurately.
• Managed and audited a multi-state pipeline of loans ensuring compliance with policies and Procedures.
• Managed dates including lock expiration, contingency date, contract date, credit doc Expiration.
• Explains the differences between the approval requirements of various types of mortgages and made sure all loan applications met standards.
• Processed and verified loan applications and reviewed documents for completeness and Accuracy.
• Gathers credit histories, reports, and assesses applicant’s capacity to repay and default risk.
• Viewed or visited the property for real estate purchase or refinance using best practices of various mortgages.
• Reviewed title reports, payoffs, appraisals, income documents, hazard/ flood insurance, and supporting conditions required for standard compliance before underwriter submission.
• Monitored fraud risks regarding account information. Closed and funded by Bank approval.

• Reviewed and managed Daily Progress Reports, Closing, Disbursement, Rejects, and Title Clearance.
• Prepared Closing Documentation following Federal, State, and Client Requirements.
• Worked with Title Commitment Coordinators to Review Title Commitment for Clearance.
• Secured Lender Approval for Loan Closing Documents.
• Determines whether clients are eligible for mortgage loans.
• Reviewed clients’ financial information to determine the amount clients could borrow.
• Files mortgage loan applications and keeps detailed client records.
• Managed contract and closing process and advised clients on mortgage loan options and Refinancing.
• Updated spreadsheets and entered information into the mortgage loan software system.
• Acted as a Liaison for borrowers and assisting with questions and issues.
• Communicate with Realtors, Attorneys, and Lenders to Confirm Closing Instructions and Needed Items.

• Confirmed necessary Closing Details, Closing Dates, Location, Documentation, and Funds Due.
• Responsible for all aspects of the closing process including the updated closing checklist, prepared closing documentation, and secured Lender Approval for Loan closing documents.
• Review/approve closing disclosure, and proof Pre-Close Worksheet.
• Guided clients through commercial and residential loan options.
• Prepared and submitted loan applications.
• Ensured data are in line with national and local financial policies.
• Monitored and reported on application processes.
• Informed clients regarding loan approval or rejection process.
• Ensured compliance with privacy laws and confidentiality policies throughout the process.
• Analyzed, researched, and resolution of incoming customer inquiries.
• Managed loan exception reports to validate and clear exceptions promptly.
• License Notary/ Notarize all company documents.
• Created and executed Lien Releases.
• Performed timely and accurate payment research to prepare affidavits.

• QC Affidavits, Declarations, and Hearing packages for an attorney.
• Investigated and reconciled fraud account activity.
• Fostered open communication between attorneys, mortgage clients, debtor’s attorneys, and investors.
• Reviewed and completed all exception reports.
• Approved and executed payoff and fee approval for any additional processing fees for Completing.
• Bankruptcy/ foreclosure packages.
• Performed special projects and auditing.
• Motivated, coached, and developed associates to achieve optimal performance results.