Kamala Felder
San Francisco,CA
Summary
Mortgage and affordable housing LIHTC underwriting for over 15 years with a strong background in mortgage lending. Mortgage underwriter with strength in risk assessment, income/credit analysis, and documentation review. Comprehensive knowledge of underwriting guidelines for conventional and government guaranteed loan programs for both conforming and non-conforming mortgages with HUD and Tax Credit programs Obtained VA LAPP/SAR certification in 2014. Analytical professional with strong background in financial modeling and risk management. Skilled in providing financial consultations and solutions for businesses of all sizes. Astute candidate develops new strategies and processes to optimize financial operations.
Overview
19
19
years of professional experience
Work History
LIHTC Underwriter/ Property Manager
John Stewart Corporation
08.2021 - Current
- Underwrite tax credit investments as assigned by the Originator including completion of the following underwriting tasks: sponsorship analysis, market analysis, sources and uses and capital structure analysis, income and expense underwriting, and tax credit documentation analysis
- Provide regular communication to originator regarding deal underwriting progress including process checklist review, due diligence review, transaction timing, and issue identification timely preparation and regular updates to the Transaction Summary format as required by the originator and the process checklist
- Responsible for maintaining desired financial benchmarks, and monitors and analyzing monthly financials for each property in portfolio
- Review reconciliations, discrepancies, and financial statements
- Multi-site property management experience and knowledge of HUD, TCAC, DFEH, LIHTC and ADA Guidelines
- Conducts site visits 2x monthly to each site, responsible for maintaining physical assets
- Supervises Assistants, Resident Managers, Floating Managers and all other site staff
- Collects rents, makes bank deposits, prepares, and submits an accurate rent roll in a timely manner
- Uses site computer software to accurately enter all relevant transactions as described in the REM
- Verifies incomes and complies with HUD, Tax Credit or other regulations regarding income certifications and other documentation/correspondence
- Completes annual and interim re-certifications in a timely manner
- Conducts annual unit inspections at the time of resident re-certification
- Maintains a waiting list, markets units, and screens applicants for vacancies according to appropriate guidelines
- Prepares and processes leases, security deposit agreements, inspections, and other forms for incoming residents
- Conducts inspections for outgoing residents and prepares final closing statements
- Processes evictions with assistance from Supervisor
- Review financial statements, balance statements, ledger, and journal entries for account schedules
- Microsoft Office, Outlook, Excel, PowerPoint, and Word.
Sr. Commercial Credit Underwriter
Lendsure Mortgage
06.2018 - 08.2022
Commercial Credit Underwriter
- Evaluate and determine the acceptability of new and existing Commercial lines of business
- Asset Based Lending (ABL), commercial credit, leveraged finance, and relationship management
- Maintains project records & reports
- Review literature relating to the research project
- Frontline underwriting of private lending loan products, residential fix, and flip, foreign national, bank statement, and DSCR
- Review and analyze credit, appraisal, title reports, and complex income documentation
- Confirm files to meet all agency guideline requirements to produce an acceptable audit review
- Responsible for accurate and timely audit of all residential loan files for discretionary, target, and random audits
- The audit is conducted prior to closing, ensuring the loan meets FNMA, FHLMC, Investor, and Industry guideline requirements
- Examination and interpretation of property titles, easements, land rights for fee title, review of title
- Audit consists of re-underwrite of mortgage loan files for consistency and compliance to ensure loans are within agency, investor, and internal guidelines
- Ensure data integrity, fraud prevention and/or misrepresentation issues are properly addressed, cleared, and/or escalated
- Perform written communication to responsible parties to include finding analysis, conclusion, and recommended actions
- Demonstrate knowledge of and adhere to monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to Quality Control Underwriting
- Review financial statements, balance statements, ledger, and journal entries for account schedules.
Underwriter Staff Appraiser Reviewer
VA, SAR
11.2015 - 05.2018
Staff Appraiser Reviewer
- (SAR) SAR ID #022140
- Evaluate the qualifications of applicants for real estate mortgage credit through a review of 1003 applications, loan documentation, income documentation, and credit report information
- Asset based Sr
- Commercial Credit Underwriter
- Evaluate and determine the acceptability of new and existing Commercial lines of business
- Process and review new hires, LOA’s, terminations, payroll file maintenance changes and deductions
- Review property appraisals to determine the quality of value and consistency with guidelines and building construction for VA loan guaranty purposes
- Examination and interpretation of property titles, easements, land rights for fee title, review of title
- Responsible for reviewing, analyzing, approving and underwriting large, unusual and complex individual consumer requests and products within company industry guidelines
- Analysis of applicant’s credit and financial capabilities
- Strong Customer service skills
- Preparation of instructions and documentation necessary for the purchase, transfer of title, and insuring properties, (SAR) SAR ID #022140
- Perform income, credit, and property analysis on conventional loan files submitted for review within established time frames
- Reviewing financial statements, credit reports, and applicable ratios (i.e
- Debt ratios, Loan-to-Value)
- Perform administrative appraisal reviews in conjunction with underwriting loans
- Evaluating loan submission in its entirety
- Examining transactions to ensure accuracy and completeness
- Preparing formal reports for review
- Strong Customer services skills
- Ensuring that documents are consistent and uphold to company and industry guidelines
- Implementing fraud detection techniques, performing compliance reviews
- Assisting with the renegotiation of loans based on lending guidelines
- Contacting customers and partners to gather information to make appropriate decisions, explain rationale behind a credit decision
- May provide work direction and/or training to lower-level team members
Consumer Loan Underwriter III
Wells Fargo Home Mortgage
03.2012 - 06.2015
Sr. Forensic Underwriter / Human Resources Assoc. / Customer Relationship Manager
California Trustee Services
06.2004 - 12.2011
- Supervised a team of 5-8 employees
- Reviewed QC defaulted FNMA, FHMC, FHA, VA, REMIC loans for accuracy
- Process semi-monthly payroll for exempt employees and bi-weekly payroll for non-exempt employees in multi-state environment
- Process and review new hires, LOA’s, terminations, payroll file maintenance changes and deductions
- Process pay data batches in ADP (commissions, bonus, pro-rate new hire pays, spot bonus, time batches for hourly and salaried employees, special pays and severance)
- Reviewed aged documents for missing documentation/possible fraud
- Defend lender clients against mortgage insurance rescissions and investor repurchase demands
- Conduct analysis of mortgage origination issues raised MI companies or investors preparing written rebuttals to these issues
- Reanalyze mortgage origination files for credit worthiness, appraisal valuation and calculate income
- HR resource services including headcount reporting, employee relations, performance management, employee relations, organizational performance, and compensation
- Determine job placement options in consultation with the coworker, supervisor, and HR
- Responsible for performing various administrative duties as needed
- Update extensive record/file to ensure investor requirements are met concerning the condition of the property, and measures are taken to deter foreclosure
- Facilitate contract negotiations in the sale of property in accordance with company and investor guidelines
- Determines job classifications a coworker may be capable of performing
- Adhere to the national standard of providing effective counseling solutions
- Review title reports, escrow instructions, loan documents, surveys, environmental property conditions reports, insurance and other exhibits ensuring no losses because of improper closing procedures
Education
B.A - Legal Studies/Business Administration and Management
ASU Global Campus
2012
NeighborWorks America Certifications: HECM Default and Foreclosure and Certified Housing Counselor -
Skills
- Customer Accounts Management
- Debt Ratios
- Customer Needs Assessments
- Customer Proposals
- Policy and Procedure Adherence
- Government Lending
- Accounts Payable and Accounts Receivable
- Real Estate Loans
- Strategic Financial Planning
- Credit Application Review
- Payment Plans
- Collateral Valuation
- Account Collections
Timeline
LIHTC Underwriter/ Property Manager
John Stewart Corporation
08.2021 - Current
Sr. Commercial Credit Underwriter
Lendsure Mortgage
06.2018 - 08.2022
Underwriter Staff Appraiser Reviewer
VA, SAR
11.2015 - 05.2018
Consumer Loan Underwriter III
Wells Fargo Home Mortgage
03.2012 - 06.2015
Sr. Forensic Underwriter / Human Resources Assoc. / Customer Relationship Manager
California Trustee Services
06.2004 - 12.2011
Commercial Credit Underwriter
Staff Appraiser Reviewer
B.A - Legal Studies/Business Administration and Management
ASU Global Campus
NeighborWorks America Certifications: HECM Default and Foreclosure and Certified Housing Counselor -
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