Summary
Work History
Education
Skills
Timeline
Generic

Holly Kelly

New Jersey,USA

Summary

Dynamic AVP Senior Manager with extensive experience, excelling in program administration and regulatory compliance. Proven track record in risk management and strategic planning, leading teams to achieve high-quality standards and delivering impactful training. Skilled in data analysis, enhancing operational efficiency while maintaining compliance with evolving regulations.

Work History

AVP, Senior Manager Homeownership Programs

Federal Home Loan Bank of New York
01.2015 - 01.2024
  • Administered a diverse portfolio of homeownership programs, $40M annually, and community development advance programs $500M, aligned to meet the specific needs of the Bank's membership while managing risk and regulatory compliance
  • Lead and develop a team of analysts
  • Ensured production standards and service level agreements were maintained or exceeded
  • Responsible for forecasting program usage effectively evaluating market trends and operational data
  • Maintained department high quality standards, consistently delivering clean regulatory examinations and Internal Audit reviews
  • Prepared and presented materials for governance committees including subcommittees of the Board of Directors
  • Developed and presented programmatic training materials to prepare member institutions to participate in various programs
  • Led technical program training sessions for groups up to 400 operations and management personnel
  • System owner responsible for information technology systems for homeownership and advance programs
  • Implemented IT solutions and upgrades that allowed for diversification of homeownership programs and increased teams ability to process production by 50%
  • As Project Sponsor, oversaw deliverables of IT project, including budget, business requirements, testing, risk assessment, security plan and rollout (i.e. system updates, enhancements for new and existing programs)

Collateral Review Specialist

Federal Home Loan Bank of New York
01.2014 - 01.2015
  • Perform functions related to Member communications, Member requests, quality control, compliance, and streamlining of process flows
  • Research industry standards and associated federal regulations and develop new processes/procedures to ensure Collateral Review remain compliant
  • Lead in development, analysis, testing, and implement process enhancement projects related to Collateral Review, Community Investment and other areas of the Collateral Analytical Services Division
  • Assess business processes and provide direct guidance /leadership on process improvements and documentation of business requirements for automated solutions
  • Perform Quality Control testing for residential groups for adherence of Bank standards/guidelines
  • Evaluate standards of QC testing in changing regulatory environment, recommending changes and ensuring adherence to compliance requirements and Bank policies/procedures
  • Provide guidance/training of staff in areas requiring improvement and on complying with regulations, policies and processes
  • Lead effort to address audit and examination findings/recommendations and achieve proper, well documented solutions
  • Research pending regulatory guidance and analyze impact to Collateral Review, Community Investment and other areas of Collateral Analytical Services
  • Lead effort to redesign processes to adapt to changes required by regulation, management, and/or industry standards
  • Collaborate with Department Management in the re-development, revision and enhancement of process flows, supporting systems and testing thereof, and associated policies and procedures

Senior Residential Loan Review Analyst

Federal Home Loan Bank of New York
01.2009 - 01.2014
  • Perform audits of member depository institutions, review residential mortgage collateral for adherence to federal/state regulation and compliance standards
  • Determine proper valuation of mortgage collateral pledged for advances, to minimize risk to the Bank
  • Functioned as lead for team of examiners and/or took part in mandated on-site inspections of mortgage collateral pledged by depository institutions to assess compliance with Borrower-in-Cu
  • Supervised proper and prompt follow-up to issues identified during on-site reviews to include outstanding documentation, exception resolutions, questions, and concerns
  • Support Collateral Custody and Pledging Services, as requested, in review of physically delivered residential loan files to the Bank's vault
  • Produced and supported various reports and analyses pertaining to collateral verifications, collateral evaluations, and regulatory guidelines
  • Prepared and delivered reports that support examination findings, newly recommended assessed margin calculations, and supervisory decisions to Senior Management
  • Collaborated with internal legal partners in reviewing, evaluating, and analyzing members' purchase, servicing, and custodial agreements encumbering pledged collateral to determine impact on eligibility and perfection of interest

Supervising Team Lead, AVP

JPMorganChase
01.2005 - 01.2008
  • Supervised a team of 5-7 Senior Underwriters
  • Delegated workflow to ensure service levels were in accordance with Operation requirements
  • Interviewed and trained new employees to meet all compliance, technical and credit guidelines
  • Second level review and approval of loans with regard to product placement, credit quality and compliance regulations
  • Lending authority up to $600,000
  • Compiled and analyzed production data to identify trends and business opportunities including daily and month end reports
  • Reduced team's overall time in process for loans from 10 to 8 days
  • Analyzed departmental loan review/audit reports on credit guidelines risk and red flags
  • Improved Quality Assurance score by 30%

Senior Underwriter

JPMorganChase
01.1998 - 01.2005
  • Multifunctional underwriter trained to work in Retail, Wholesale and Correspondent Channels
  • Analyzed credit and all sources of income documentation
  • Detailed cash flow analysis of business and personal tax returns and bank statements
  • Detailed residential appraisal review to ensure data supported value
  • Ensured loans were within compliance guidelines and reported correctly to Federal Agencies, thereby reducing company risk and exposure
  • Exceeded departmental production goals while maintaining quality and turn-round time
  • Managed relationships with brokers and field account executives by communicating all aspects of the loan
  • In turn created quicker response time, and improved customer service to broker resulting in higher loan volume

Underwriting Assistant

JPMorganChase
01.1996 - 01.1998
  • Supported a group of 4-5 Account Executives
  • Processed their pipelines from initial underwriting approval to closing
  • Point of contact for the broker to answer loan questions and resolve problems quickly and efficiently
  • Re-negotiated loan terms to keep the loan moving through the process and increase customer satisfaction
  • Reviewed loans to make sure they met compliance standards, limiting the company's risk exposure

Education

B.A. - English, Economics

Rutgers University, Rutgers College

MAT - Education

Montclair State University

Skills

  • Program administration
  • Regulatory compliance
  • Data analysis
  • Risk management
  • Project management
  • Strategic planning
  • Presentation skills
  • Training
  • Operations management
  • Corporate communications
  • Innovation management
  • Business planning
  • Procedure implementation
  • Operations oversight
  • Operational leadership
  • Program management

Timeline

AVP, Senior Manager Homeownership Programs

Federal Home Loan Bank of New York
01.2015 - 01.2024

Collateral Review Specialist

Federal Home Loan Bank of New York
01.2014 - 01.2015

Senior Residential Loan Review Analyst

Federal Home Loan Bank of New York
01.2009 - 01.2014

Supervising Team Lead, AVP

JPMorganChase
01.2005 - 01.2008

Senior Underwriter

JPMorganChase
01.1998 - 01.2005

Underwriting Assistant

JPMorganChase
01.1996 - 01.1998

MAT - Education

Montclair State University

B.A. - English, Economics

Rutgers University, Rutgers College

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Holly Kelly