Faith Weathersby
Bellwood,IL
Summary
Detail-oriented Compliance Analyst familiar with conducting research and compliance investigations. Productive, responsible and insightful professional with an organized approach. Ready to leverage 20+ years of experience to take on new position.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Compliance Analyst
Credit Union 1
Lombard, IL
02.2023 - 10.2023
- Stayed current with regulatory requirements regarding MRB and BSA/AML/OFAC compliance to determine the effect on CU1 policies, procedures, and practices, and makes recommendations and implements changes.
- Prepared all required regulatory reporting, ensuring that it is conducted in a timely, accurate, and compliant manner, including the filing of Currency Transaction Reports (“CTRs”), Suspicious Activity Reports (“SARs”), FinCEN 314(a) and 314(b) procedures and reporting
- Reviewed, edited, and analyzed daily reportable cash transaction activity and complete CTRs, ensuring timely and accurate information is reported
- Assisted in the enhancement, development, implementation, and administration of the BSA/AML/OFAC monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity
- Maintained an effective Customer Due Diligence (“CDD”)/Enhanced Due Diligence (“EDD”) risk rating and monitoring program on all CRB accounts to include initial and ongoing risk assessments, and review and analysis of unusual/suspicious account activity.
Quality Control Specialist
Credit Union 1
Lombard, IL
11.2020 - 10.2023
- Review and evaluate current procedures and trends to increase efficiency and ensure policies are within compliance
- Track quality control errors made by credit union, title company or investor personnel
- Decipher exceptions produced by systems and perform necessary tasks to clear exceptions in a timely manner
- Monitor Investor correspondence and address all post-closing issues
- Identify problems and communicate review findings to management or appropriate personnel.
Quality Control Auditor
Dovenmuehle Mortgage
Lake Zurich, IL
04.2018 - 11.2020
- Evaluate the financial position of the mortgagor to determine appropriate workout plan to assist the borrower with becoming current with mortgage payment was obtained
- Review the borrower’s income and expenses, calculate debt to income ratio
- Evaluate appraisals to assure adequate collateral of security instrument is maintained
- Provide documentation to appropriate departments regarding errors
- Prepare root cause analysis reports for client audits.
Disclosure Specialist (First Midwest Bank)
K-Force - Employment Agency
Chicago, IL
08.2017 - 12.2017
- Entering data, ensuring that automated checks and compliance tests are performed for each application received, and that files are updated and corrected as needed to ensure compliance
- Maintain accurate record of communications and/or actions related to disclosing process in the borrower’s disclosure tracking portion of the LOS
- Prepare and review daily reports to confirm all disclosures have been processed in a timely manner
- Communicate with production and operations teams, including Loan Officers, Processors and other departments as necessary to confirm that disclosures are appropriate and give feedback when modifications are required
- Maintain current knowledge of all new and updated RESPA requirements.
Compliance Specialist (Team Lead)
Fairway Wholesale Mortgage
Lisle, IL
10.2016 - 06.2017
- Responsible to review and analyze the accuracy of new wholesale loan submissions
- Confirm satisfaction of compliance of initial application and respective TRID and regulatory disclosures
- Verify the accuracy of disclosed fees, and communicate with wholesale brokers for possible issues/concerns
- Ensures compliance with established policies and procedures
- Responsible to train and develop new hires.
Quality Control Analyst/ Sr. Loan Processor
PNC Bank
Downers Grove, IL
04.2016 - 10.2016
- Ensures compliance with established policies and procedures
- Partners with internal and/or external partners to route communications, documents or other action items to complete transactions
- Identifies and may resolve exceptions; escalates appropriately
- Verifies all required borrower documents are collected and acceptable under the company’s policies and procedures
- Assesses and effectively manages all of the risks associated with each business objectives and activities to ensure activities are in alignment with the bank’s and unit’s risk appetite and risk management framework.
Quality Assurance Analyst II
BMO Harris Bank
Naperville, IL
07.2012 - 04.2016
- Test all first mortgage residential loan applications prior to closing in order to assess compliance with BMO Harris or third party lending partner policy and procedures as well as all applicable regulatory requirements
- Complete test that include an assessment as to the adequacy of required documentation including approval documentation, appraisals, insurance coverage, disclosure requirements, as well as OFAC/BSA requirements
- Escalates areas of concern to manager for further review and possible further escalation
- Supplies test data to Risk Quality Assurance to facilitate production of monthly final Quality Assurance reports, in order to review procedures used in underwriting loans
- Assisted in the creation of the Quality Assurance Database with the Corporate Analytics team as well as the How to Test procedures manual for Quality Assurance and Operations teams
- Consistently exceeded monthly Quality Assurance file test goals.
Loan Processor
Enova Financial
Chicago, IL
07.2010 - 06.2012
- Verify and validate supporting income, asset and liability documentation
- Answer inbound calls, chats and resolve customer issues
- Convert loan inquiries into completed loan applications according to company guidelines.
Sr. Quality Control Analyst
Wintrust Mortgage
Oak Brook, IL
09.2006 - 05.2010
- Responsible for focusing on internal/external risk and development of audit procedures in accordance with the FHA, VA, FNMA, and FHLMC and AML guidelines
- Assures that Wintrust Mortgage is in compliance with the provisions of the Real Estate Settlement Procedures Act (RESPA), USA Patriot ACT, Anti Money Laundering Act (AML), and Office of Foreign Assets & Control (OFAC)
- Create monthly reports for the executive committee of FHA Neighborhood Watch, FBI Terrorist list (FINCEN), Post funding Reviews and Investor Delinquent Report
- Create and provide suspicious activity reports (SARS) in accordance with the Bank Secrecy Act
- Provide support and guidance to all Wintrust Mortgage staff in accordance to the quality control plan
- Re-verified all income, employment, and security documentation to determine underwriting, processing, and closing procedures were followed
- Evaluate the investment quality of loans originated to ensure corporate, investor and mortgage insurer guidelines are met.
Education
Paralegal -
College Of DuPage
01.2020
Business Management -
DeVry University
01.2012
Skills
- In depth knowledge of AML legal and regulatory laws, OFAC requirements, Suspicious Activity Reporting (SARs) KYC, Bank Secrecy Act and the USA Patriot Act
- Proficient in the ability to interpret and apply compliance regulations and monitoring techniques for assigned areas
- Expert in creating, managing, and analyzing regulatory reports, as well as gather pertinent information from internet-based sources as require
- Investigations Expertise
- Due Diligence
- Documentation Skills
- Regulatory Understanding
- Research Proficiency
- Reporting Skills
- Compliance Monitoring
- Data Verification
- Risk Assessment
- Payment Processing
State
IL
Zip
60104
City
Bellwood
Street
99 Bellwood Avenue
Affiliations
- A member of BMO Harris AALPS, WISE and Diversity Counsel
- American Heart Association heart race team lead. 2020-
Certification
- Bank Secrecy Act Certification(In Process)
References
References available upon request.
Timeline
Compliance Analyst
Credit Union 1
02.2023 - 10.2023
Quality Control Specialist
Credit Union 1
11.2020 - 10.2023
Quality Control Auditor
Dovenmuehle Mortgage
04.2018 - 11.2020
Disclosure Specialist (First Midwest Bank)
K-Force - Employment Agency
08.2017 - 12.2017
Compliance Specialist (Team Lead)
Fairway Wholesale Mortgage
10.2016 - 06.2017
Quality Control Analyst/ Sr. Loan Processor
PNC Bank
04.2016 - 10.2016
Quality Assurance Analyst II
BMO Harris Bank
07.2012 - 04.2016
Loan Processor
Enova Financial
07.2010 - 06.2012
Sr. Quality Control Analyst
Wintrust Mortgage
09.2006 - 05.2010
Paralegal -
College Of DuPage
Business Management -
DeVry University
Similar Profiles
Lindsey RhodesLindsey Rhodes
Member Service Representative at Credit Union 1Member Service Representative at Credit Union 1
Destanee LeasureDestanee Leasure
Credit Union Teller at Credit Union 1Credit Union Teller at Credit Union 1
Jennifer CabasagJennifer Cabasag
AVP of Strategic Initiatives at Credit Union 1 AlaskaAVP of Strategic Initiatives at Credit Union 1 Alaska
Fua Naoafioga UeselaniFua Naoafioga Ueselani
Member Service Officer at Credit Union 1Member Service Officer at Credit Union 1
Donald MiltonDonald Milton
1st Assistant Department Manager at Jimmy Johns1st Assistant Department Manager at Jimmy Johns