Summary
Overview
Work History
Education
Skills
Educational Accomplishments
References
References
Timeline
Generic

KARIE DAVIS

Denver,CO

Summary

Quality business professional with 20+ years of residential mortgage experience. Positive, effective and efficient leadership approach to deadlines. Superior customer service skills in meeting needs of internal staff and external high profile clients. Mentoring seasoned staff members. Extensive track record of escalated problem solving skills in high production environments. High level of quality, efficiency and consistency. Detail oriented, dependable and excellent in relationship team-building between layered levels of staff. Offering exceptional leadership and staff development skills proven to build trust and communicate effectively across all organizational levels. Coordinated with boards of directors and C-suite executives to initiate and execute strategic business plans that achieve key objectives.

Overview

25
25
years of professional experience

Work History

AVP-Credit & Compliance Quality Management

SitusAMC Mortgage
10.2016 - 07.2023
  • Full underwrite (assessment of income, asset, credit and collateral package) and final management review for FNMA, Freddie, FHA, VA, including client overlays
  • Ensure credibility of lending practices/brrw’s ability to re-pay loan, fraud assessment, ultimate salability of loans
  • Layered risk evaluation of Conventional DU, LP, and manual underwrites
  • Adherence to strict, revolving policy and procedure updates
  • Perform all aspects necessary for the operational production work streams; assisting Operation Managers with daily activity demands to ensure client expectations are consistently met
  • Ensuring deadlines are met
  • Monitor quality and/or production for the assigned team of 30 and aid in the process to remediate quality and production not meeting established or required standards
  • Interface with the Compliance Team when necessary to clear exceptions and manage deal flow; follow-up on status to ensure timely deliveries
  • Ensure the correct decision has been made by the auditor
  • Identify any additional red flags and discrepancies before reporting to the client
  • Analyze and implement best approach practices and strategies for streamline efficiency
  • Conduct weekly team calibration meetings/ Bi-weekly client update meetings/ Monthly Client Meetings
  • Provide specific and direct feedback/learning opportunities to auditors & QC’ers from either SitusAMC’s new origination clients or at the request of SitusAMC’s CSM/SVP’s of such clients (United Shore, ONB, MSHDA, NRL, A&D, Homebank, FHLBI & FHLBC) since December, 2017.

Sr. Assistant Escrow Officer

Legend Title
03.2015 - 10.2016
  • Maintaining superior customer service & unparalleled professional support to all clientele involved (sales associates, lenders, loan processors, team members and customers)
  • Scheduling/Re-scheduling of all loan closings
  • Ordering & updating ALL payoffs (over 150 per month)
  • Pulling tax info, HOA stats, water transfers
  • Keeping current with new Lender procedures
  • Handling all funding conditions, deficiency loans, HUD figures, clean outs, any and all projects to help maintain High Production efficiency and flow (including training the newest members of this growing company).

Disclosure Processing/Compliance Desk

People’s National Bank
04.2013 - 03.2015
  • Extensive training in Compliance procedure including but not limited to the following: New changes effective 1/10/14 (ATR/QM guidelines, ECOA, HPML, new appraisal delivery effective 1/18/14, Appendix Q, RESPA, REG Z, REG B, REG X, HMDA
  • RESPA/ REG B monitoring on every loan originated through People’s
  • Pull and analyze daily reports each morning for ALL loans to secure RESPA/REG B/ HMDA compliance and to ensure that ALL loans have been disclosed/re-disclosed and cancelled properly, protecting People’s from high-cost fines (up to 15k per loan) associated with RESPA/ REG B Compliance regulations
  • Resource Center for all LO’s and upper management to resolve any RESPA/ REG B Compliance issues and/or Encompass issues including eDisclosures
  • Daily research of FHA/VA & Investor guideline changes that would affect the accuracy of disclosing/re-disclosing loans
  • Forensic research and response to LO’s regarding compliance related questions, disclosure questions, and disclosing correctly in Encompass
  • Pulling PMI quotes for Conv loans and double-checking all FHA M.I
  • Fees (UFMIP & monthly) and V.A
  • Funding fees/current guidelines for complete accuracy! Precise RESPA compliant/state specific adherence, execution and delivery of initial disclosures/re-disclosures, COC for all loan types including down payment assistance programs
  • For entire 17 branches in Colorado (1 branch in Utah), including, but not limited to: FHA – Purch/Refi/Streamline
  • V.A – Purch/ Refi/ IRRRL
  • Conv – Purch/Refi with or without P.M.I (including all choices of PMI types)
  • El Paso County Turnkey Bond Program
  • Denver MMA Program
  • FHA & CONV CHFA loans (including creating the GFE & TIL using Calyx Point)
  • Utah Housing DPA Program
  • USDA
  • HELOCS (concurrent, closed-end, stand-alone).

Contract Mortgage Loan Processor

Self-Employed
07.2007 - 03.2013
  • Worked as a professional coordinator/liason between several broker companies and lenders including but not limited to Countrywide (retail division), WAMU, Loan Star Financial, Pinnfund, Novastar Financial, etc
  • Thoroughly review customer’s current financial ability and condition of the asset
  • Calculate Income, Debt & Review credit bureau reports and specific financial documentation ensuring customer ability to perform without default
  • Adhere to a predefined timeline within the system of record
  • Identify and resolve loan level exceptions
  • Communicate with counsel to place foreclosure actions on hold
  • Execute policies and make recommendations for change
  • Provide support for Brokers/Account Executives and work directly with Sales and Underwriting Departments
  • Participate in all facets of loan application process from submission to funding
  • Review and compare files against systems for accuracy and eligibility, ensure all conditions included with submission are cleared and rate and terms are correct before sending to broker
  • Follow up with brokers regarding underwriting decisions
  • Underwriting files submitted through automated engine
  • Work with Sales and Underwriting to ensure conditions are cleared and final decisions issued in timely manner
  • Coordinate loan closing with title agents, brokers, real estate agents, underwriters and in house funders.

National Underwriter-Conventional

First Magnus Financial
09.2005 - 07.2007
  • Significant experience with Fannie Mae, Freddie Mac, Alt A loan programs and underwriting guidelines
  • Significant experience in re-structuring loans and loan scenarios and “exceptions”
  • Analyzed, and interpreted credit worthiness of loan requests from mortgage originators nationally
  • Assessed debt to income, collection notes, financial statements, employment history, etc
  • Reviewed and screened loan application package for discrepancies, completeness, and accuracy
  • Communicated compliance violations, loan program guidelines, loan pricing, and approval status to Processors, HMCs, and real estate agents
  • Researched and determined credit risk by analyzing credit history, sources of income, bank deposits, tax forms, appraisal information, and calculating various mortgage ratios
  • Examined and reported on the quality and accuracy of credit reports, income documents, mortgage applications, appraisals, escrow instructions, HUD 1, closing documents, Notice of Right to Cancel, Final Truth in Lending, Note and Security Instrument.

National Underwriter- Conventional DU, LP

Taylor- Bean & Whitaker
08.1998 - 09.2005
  • Ensured compliance with all investor, insurer, federal and state regulations, company policies, procedures, and guidelines
  • Handled high-risk delinquent accounts in various stages of foreclosure
  • Conducted complex interviews and reviewed customer’s financial information in order to set up Repayment Plans, Forbearance Plans, and postpone or hold foreclosure
  • Thoroughly and accurately documented all contacts, action taken and resolution steps
  • Ensured Broker compliance with all investor, insurer, federal and state regulations, company policies, procedures, and guidelines
  • Handled high-risk, Alt A and Subprime pre-approvals
  • Reviewed and screened loan application package for discrepancies, completeness, and accuracy
  • Communicated compliance violations, loan program guidelines, loan pricing, and approval status to processors, HMCs, and real estate agents.

Education

High School Diploma -

Montbello High
Denver, CO
06-1990

Skills

  • Microsoft Office Suite, Microsoft Teams, Outlook, Excel, MIQ, DDS, Clarity, Encompass, Epic, Sharepoint, Doc Magic, Doc Hub, JoinMe, GoTo, JIRA, Insight (Tableau), Zoom
  • Procedure Implementation
  • Operations Oversight
  • Program Management
  • Corporate Communications
  • Operations Management
  • Performance Improvement
  • Administrative Support

Educational Accomplishments

Montbello Senior High Graduate of 1990. Alpha Award Winner. 3.8 GPA - Honor Roll. Graduated 9th in class of 200 graduates. "Who's Who Among American High School Students". Founder/President of Poetry Club. French Club. Speech Competition.

References

References will be furnished upon request.

References

References available upon request.

Timeline

AVP-Credit & Compliance Quality Management

SitusAMC Mortgage
10.2016 - 07.2023

Sr. Assistant Escrow Officer

Legend Title
03.2015 - 10.2016

Disclosure Processing/Compliance Desk

People’s National Bank
04.2013 - 03.2015

Contract Mortgage Loan Processor

Self-Employed
07.2007 - 03.2013

National Underwriter-Conventional

First Magnus Financial
09.2005 - 07.2007

National Underwriter- Conventional DU, LP

Taylor- Bean & Whitaker
08.1998 - 09.2005

High School Diploma -

Montbello High

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