Iveliz Figueroa
Yonkers
Summary
Detail-oriented Loan Review Officer with proven success in loan processing and compliance. Recognized for effective communication and problem-solving skills, contributing to streamlined funding processes and enhanced team collaboration.
Overview
30
30
years of professional experience
Work History
Loan Review/Funding Officer
Usalliance FCU
Rye
01.2020 - Current
- Facilitated funding approvals for member loans and financial products.
- Evaluated loan applications for compliance with credit policies.
- Collaborated with internal teams to streamline funding processes.
- Provided guidance to members on funding options and requirements.
- Reviewed financial documents such as budgets, expenditure statements, invoices. for accuracy and completeness.
- Located appropriate funding sources for individual programs.
- Collaborated with cross-functional teams to develop effective fundraising strategies.
- Provide training to Junior Loan Review Officers and Loan Review Officers.
- Assist in the department's follow-up on identified issues.
- Interact with and support other credit-related functions within the Bank.
- Facilitate and fund all loans via ACH to both members and third-party affiliates.
- Provide support to the underwriting and fraud department with investigations to minimize fraud and risk.
Loan Underwriter Manger
Dependable Credit Corp
Yonkers
08.1995 - 10.2018
- Communicated decisions clearly to clients and internal teams regarding loan status.
- Guided junior underwriters in best practices and procedural adherence.
- Utilized underwriting software to streamline application processing and documentation review.
- Calculated debt-to-income ratios to evaluate repayment capacity of applicants.
- Recommended appropriate solutions when discrepancies occurred between documents submitted by applicants and those found in the credit report.
- Evaluated borrower's credit reports from major bureaus including Equifax, Experian, TransUnion.
- Developed strong relationships with brokers and lenders to foster business growth.
- Reviewed loan applications to ensure accuracy and compliance with company standards, policies and procedures.
- Analyzed borrower's income, assets and liabilities to determine eligibility for loan approval.
- Ensured all loans met federal regulations such as the Truth in Lending Act and Equal Credit Opportunity Act.
- Verified employment history, bank statements, tax documents and other financial records for completeness and accuracy.
- Issued conditional approvals when necessary based on additional documentation requirements being met by applicants.
- Provided technical guidance to junior staff members when needed.
- Verified client financial information to determine creditworthiness and loan eligibility.
- Listened carefully to customer complaints and swiftly resolved issues by taking appropriate action.
- Reviewed loan agreements to verify completeness and accuracy according to applicable policies.
Education
Mercy College
Dobbs Ferry, NYSkills
- Loan processing
- Problem solving
- Attention to detail
- Effective communication
- Team collaboration
- Multitasking capacity
- Time management abilities
- Self motivation
- Task prioritization
- Problem-solving aptitude
- Decision-making
Languages
Spanish
Professional
Timeline
Loan Review/Funding Officer
Usalliance FCU
01.2020 - Current
Loan Underwriter Manger
Dependable Credit Corp
08.1995 - 10.2018
Mercy College