Kathy Lee Scannello
Pine Island
Summary
Dynamic mortgage professional with extensive experience at Mahopac National Bank, driving a 100% increase in loan production. Expert in compliance auditing and risk assessment, with a proven track record in team leadership and effective communication. Adept at navigating complex regulations to ensure seamless loan processing and exceptional client satisfaction.
Overview
25
25
years of professional experience
Work History
Reverse Mortgage Underwriter (Contract)
Nationwide Equities Corp
10.2025 - 02.2026
- Underwrote Reverse mortgages utilizing Quantum Reverse and Reverse Vision
- Underwrote exceptions for loans not meeting guidelines, facilitating approvals
- Redisclosed Change of Circumstance meeting Dodd Frank standards
- Maintained communication with brokers and borrowers to streamline process
- Reviewed closing packages for compliance, minimizing potential issues
- Completed monthly audits on closed loan to ensure sale ability and compliance
Commercial Loan Processing Manager (Temporary)
Empire State Bank
Newburgh
06.2025 - 09.2025
- Managed processing team to originate commercial mortgages efficiently
- Assisted in closing transactions and servicing loans effectively
- Collaborated with Commercial Sales team to align strategies
- Performed annual review of financials
- Completed annual required review of existing loans
- Assisted servicing department with collections and foreclosure processes
- Newburgh, New York
Loan Analyst Subordination (Contract)
Small Business Administration
Fort Worth
02.2023 - 09.2024
- Exceeded production goals by processing over 10 subordination requests daily
- Processed subordination requests to ensure complete application package, and compliance disclosures
- Facilitated communication between lenders, attorneys, and borrowers to secure necessary documentation
- Calculated qualified income as well as analyzed and corrected legal documentation
- Obtained and recorded legal documentation to support legal department operations
- Prepared and obtained required disclosures
- Fort Worth, Texas
Senior Auditor/Senior Underwriter/Analyst
Situs AMC
Tampa
01.2018 - 07.2022
- Audited loans in preparation to securitize, ensuring Dodd Franks regulations were met
- Conducted internal audits for mortgage servicing, verifying compliance with Non QM investor guidelines through mortgage loan underwriting
- Reviewed and implemented complex investor guidelines for each transaction to ensure compliance and accuracy
- Expertise in Commercial Non – QM DSCR loans to ensure guideline compliance – Fix and Flip, DSCR and bridge loans. As well as FHA, VA, USDA, FHLMC, and FNMA loan
- Calculated income via standard documentation as well as cash flow analysis via bank statements
- Exceeded production goals by maintaining an average of 15 loans processed daily
- Maintain high compliance and quality scores of 99%
- Tampa, Florida
Residential Mortgage Operation Manager
Weichert Financial Services
Morris Plains
09.2016 - 01.2018
- Managed mortgage processors, underwriters, and closers to ensure compliance with RESPA and investor guidelines.
- Reviewed and approved loan exceptions ensuring it meets investor guidelines
- Trained processors and underwriters to review loans effectively and gather necessary information for prompt approvals
- Trained closing staff to process closing packages accurately and promptly, ensuring attention to Closing Disclosure to prevent tolerance cures
- Worked closely with the team to ensure Loan Estimates and Closing disclosures met TRID guidelines and change in circumstances were properly triggered within compliance
- Prepared daily/weekly reports on loan status and production, confirming goals were met and exceeded
- Morris Plains, New Jersey
Assistant Vice President, Residential Lending Manager
Hometown Bank of the Hudson Valley
Walden
07.2015 - 09.2016
- Led residential mortgages, servicing, and credit loan teams to ensure compliance with RESPA and investor/bank guidelines, enhancing regulatory adherence.
- Oversaw performance and risk assessment of residential and consumer credit portfolios, ensuring optimal loan quality and risk management.
- Reviewed and approved loan designated for portfolio
- Ensured Loan Estimate and Closing Disclosures were compliant
- Worked closely with Litigation Department regarding foreclosures, bankruptcies and workouts
- Prepared weekly reports to track loan closures and monitor production goal achievement.
- Walden, New York
Vice President, Residential Lending Manager
Mahopac National Bank
Brewster
10.2008 - 07.2015
- Led Mortgage Loan Originations Department, driving strategic initiatives for growth
- Increased loan production by 100%, and met production goals every year
- Oversaw and optimized Residential and Home Equity portfolios, enhancing performance metrics
- Originated residential mortgages – responsible for greater than 50% of the production
- Originated residential mortgages, contributing to over 50% of total loan production
- Provided Guideline exceptions for all Residential and Home Equity loans
- Investigated and responded to all internal and external audits, receiving at least satisfactory rating
- Brewster, New York
Underwriting Manager/Team Lead
GE Money Bank
Orangeburg
02.2003 - 03.2008
- Spokesperson for 150 Underwriters/Underwriting Managers in a multifunctional Six Sigma Lean Process Action Team that streamlined existing processes and procedures, reducing approval process time from 180hours to 72 hours
- Managed team of 25 underwriters, overseeing performance and development.
- Assessed underwriter performance for bonus and promotion eligibility, contributing to team motivation and retention.
- Authorized lending decisions up to $650,000, ensuring compliance with DTI and LTV guidelines.
- Evaluated and approved exceptions to standard underwriting guidelines to accommodate unique cases.
- Formulated and refined underwriting guidelines to improve accuracy and effectiveness in risk assessment.
- Orangeburg, New York
Underwriting Manager
Homecomings Financial Network GMAC
01.2001 - 01.2003
- Achieved high production levels as team member, contributing to status as highest production Account Executive in the nation with average $51 million mortgage closings monthly
- Facilitated formation of programs to establish seamless credit grade system and enhance Automated Underwriting Approval System, decreasing denial rates
- Expert in Non-Conforming Loans which provided additional signing privileges and lending authority up to $2 million
- Conducted risk assessments and managed risks by analyzing financial worthiness and collateral strength, ensuring compliance with regulatory standards
- Evaluated mortgage applications to secure second signature approval.
- Manually underwrote loans outside of lending guidelines for exception and approval
Education
Associate Degree - Business Management
SUNY College of Agriculture and Technology at Cobleskill
Cobleskill, New YorkSkills
- Mortgage underwriting
- Loan processing expertise
- Regulatory compliance expertise
- Compliance auditing
- Risk assessment
- Documentation review
- Credit evaluation
- Financial document review
- Appraisal review
- Complex Self-employed income calculation
- Pipeline management
- Audit programs
- Report generation
- Information verification
- Issue resolution
- Process evaluations
- Process improvement
- Closing procedures
- Processing procedures
- Effective communication
- Time management
- Proficient in Encompass
- Policy adherence
- Mortgage regulations
- Jumbo and super jumbo loans
- Residual incomes
- Commercial lending
- NMLS registration
- Automated underwriting system (AUS)
- Analytical skills
- Title examination
- Verifying information
- Appraisal approval
- Financial analysis
Awards
Celebrate Leadership, awarded for highest production, highest closure rate and high Quality Control levels, only 1 of 400 employees to receive this honor. European vacation for two weeks
Timeline
Reverse Mortgage Underwriter (Contract)
Nationwide Equities Corp
10.2025 - 02.2026
Commercial Loan Processing Manager (Temporary)
Empire State Bank
06.2025 - 09.2025
Loan Analyst Subordination (Contract)
Small Business Administration
02.2023 - 09.2024
Senior Auditor/Senior Underwriter/Analyst
Situs AMC
01.2018 - 07.2022
Residential Mortgage Operation Manager
Weichert Financial Services
09.2016 - 01.2018
Assistant Vice President, Residential Lending Manager
Hometown Bank of the Hudson Valley
07.2015 - 09.2016
Vice President, Residential Lending Manager
Mahopac National Bank
10.2008 - 07.2015
Underwriting Manager/Team Lead
GE Money Bank
02.2003 - 03.2008
Underwriting Manager
Homecomings Financial Network GMAC
01.2001 - 01.2003
Associate Degree - Business Management
SUNY College of Agriculture and Technology at Cobleskill