Julia O’Brien
Irving,TX
Summary
Meticulous analyst who undertakes complex assignments, meets tight deadlines, and delivers superior performance. Possesses practical knowledge in mortgage compliance, underwriting and due diligence. Applies strong analytic skills and critical thinking ability to effectively manage high-priority projects. Operates with a strong sense of urgency and is goal oriented.
Overview
15
15
years of professional experience
Work History
Mortgage Compliance Analyst
Covius Mortgage Solutions
Denver, CO
03.2014 - Current
- Review loan files for completeness and accuracy, while applying all client and lender guidelines, in addition to Federal and State regulations
- Compile appropriate information for reporting purposes and provide direction to others to ensure compliance with regulations
- Perform TRID-focused review of all applicable documentation including required initial disclosures, Loan Estimates, Closing Disclosures, and Changed Circumstances for timing and tolerance variances
- Address compliance exceptions and failures identified from third party compliance systems and determine validity of results by comparing analyst input errors versus documentation error
- Evaluates servicing practices for loans in foreclosure, bankruptcy, or loss mitigation status to validate compliance.
Consent Order Bankruptcy Quality Assurance Analyst
09.2011 - 08.2013
- Worked with the OCC as an Independent Consultant on a Consent Order audit to identify borrower harm
- Attained an in-depth understanding of the bankruptcy processes for Chapter 7 and 13 filings
- Reviewed Chapter 13 plans for feasibility and noted if plan objections should have been filed
- Reconciled Proof of Claim figures and reviewed loans for proper and timely Motion for Relief filings and Agreed Order violations
- Performed payment reconciliations for Pre- and Post-Petition payments
- Tested each sampled loan for bankruptcy compliance according to industry standards
- Escalated adverse findings of borrower financial harm.
FDIC Loss Share Analyst
08.2010 - 08.2011
- Performed FDIC loss share reviews on-site at the acquiring financial institution to test for compliance
- Provided thorough analysis addressing all risk characteristics for reviewed loans
- Evaluated overall compliance with the loss share agreement and standard servicing guidelines
- Reviewed losses for foreclosures, charge-offs, short sales, and loan modifications
- Worked closely with Clayton’s consulting department to make servicing recommendations to the acquiring bank.
Senior Credit Risk Analyst
03.2008 - 08.2010
- Identified, researched, and resolved loan-level and security-level issues in several pools of mortgage-backed securities consisting of first and second liens
- Communicated daily with servicers, master servicers, and trustees to provide oversight and transparency
- Ensured that each party adhered to policy and procedures as set forth by the security origination documents
- Reconciled and validated losses, prepayment premiums, mortgage insurance claims and settlements for over a million dollars of collateral
- Prepared a detailed monthly investor report identifying risk and delinquency exposure
- Saved investors over $7,000,000 by identifying and resolving over 100 issues
- In charge of improving loan performance and cash flow
- Exceeded production and quality control goals monthly.
REO Asset Valuation Specialist
- Selected by supervisor to assist with performing REO asset analysis on prime mortgage assets
- Reduced portfolio age for each investor and minimized the overall loss rate by over $700,000
- Reviewed and approved initial REO list price strategy as well as approved/rejected list price reductions by reviewing appraisals, BPOs and current sales records
- Evaluated initial offers and counteroffers
- Obtained and assessed repair bids on damages.
Education
Bachelor of Arts - International Studies
Loyola Marymount University
Skills
- Data Analysis
- Risk Mitigation
- Compliance Reporting
- Document Review
- Critical Thinking
- Data Verification
- Quality Control
Languages
German
Native/ Bilingual
Timeline
Mortgage Compliance Analyst
Covius Mortgage Solutions
03.2014 - Current
Consent Order Bankruptcy Quality Assurance Analyst
09.2011 - 08.2013
FDIC Loss Share Analyst
08.2010 - 08.2011
Senior Credit Risk Analyst
03.2008 - 08.2010
REO Asset Valuation Specialist
Bachelor of Arts - International Studies
Loyola Marymount University
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