Lori Cobb
Simonton
Summary
Accomplished financial services professional recognized for delivering high productivity and efficient task completion. Expertise in analytical problem-solving combined with exceptional attention to detail drives successful outcomes and enhances client satisfaction. Strong communication and adaptability skills facilitate effective collaboration, ensuring goals are consistently met. Committed to leveraging these competencies to foster growth and innovation within the industry.
Overview
22
22
years of professional experience
1
1
Certification
Work History
Mortgage Loan Officer
Hill Country Footprint Lending
Fredericksburg
12.2022 - Current
- Assessed customer financial status and credit worthiness to determine eligibility for mortgage loans.
- Collected and verified financial information from applicants.
- Guided applicants through the loan process, from application to closing.
- Ensured compliance with all federal, state and local regulations related to mortgage lending.
- Interacted with title companies, attorneys, surveyors and other third parties involved in the loan process.
Consultant
Resources Global Professionals
Houston
10.2011 - 07.2017
- Provided subject matter expertise on two regulatory settlements for a high-profile client that required an independent, comprehensive review and analysis of residential mortgage loss mitigation activities for various servicers.
- The process involved determining the client's eligibility for debt forgiveness based on the criteria outlined in the Settlement Agreement and Consent Order, necessary to calculate the credit amount the client would receive from the federal regulator. The primary focus was on the servicer’s loss mitigation assessment and relief efforts offered to homeowners, while comprehending various servicer systems, processes, completing validation testing, documentation, and timely reporting to the regulator.
- Successfully completed validation testing of $330 million in relief efforts. I played a key role in completing the eligibility analysis as part of an 11-person consultant team, amounting to $1.28 billion in consumer relief.
Loss Mitigation Manager
Litton Loan Servicing LP
Houston
02.2009 - 10.2011
- Managed 2 teams key to the HAMP modification process
- Oversight of an 11-member Approval operations team to guarantee adherence to regulatory and organizational policies and guidelines on all loan modifications.
- Directed a 16-member Support team overseeing documentation reviews for new modification workflows.
- Successfully managed high volume pipelines and maintained a 2-day turntime.
- Ensured compliance and consistency by updating departmental procedures in response to new directives.
- Responded to audits and high-profile escalations.
Special Loans Supervisor
Litton Loan Servicing LP
Houston
07.2005 - 02.2009
- Oversaw workflow, production, and quality of work for teams: Auditors, Coordinators, and Specialists daily.
- Ensured quality servicing of special loan types: ARM, Interest-only, Balloon, Dual Amortization, Graduated Payment Mortgages (GPM), Option ARM, and SCRA loans.
- Developed staff by providing training and coaching as necessary.
- Provided manager with monthly reports, and ensured monthly Key Performance Indicators were met consistently.
- Handled employee performance reviews, employee time, facilitated monthly and bi-weekly department meetings.
Escrow Analyst and Administrative Assistant
Litton Loan Servicing
Houston
04.2003 - 07.2005
- Scheduled preliminary reports for Mass, Initial, and Final Disclosure escrow analysis.
- Executed manual payment adjustments daily based on company needs.
- Requested mailing of escrow overage checks for manual payment adjustments.
- Handled administrative tasks such as filing, faxing, expense reports and scheduling meetings for VP.
Education
Bachelor of Science - Economics
Texas A&M University
College Station, TX12-2005
Skills
- Document and Data analysis
- Goal oriented
- Documentation and reporting
- Loan origination
- Attention to Detail
- Policy and procedure development
- Regulatory compliance
- Quality control
- Time management
- Self motivation
Certification
- Licensed Mortgage Loan Officer NMLS #762079
- Noteworthy Training in Protecting Customer Privacy Act, Anti Money Laundering, Fair Lending for Loan Servicing, Fair Debt Collections Practice Act, RESPA
Timeline
Mortgage Loan Officer
Hill Country Footprint Lending
12.2022 - Current
Consultant
Resources Global Professionals
10.2011 - 07.2017
Loss Mitigation Manager
Litton Loan Servicing LP
02.2009 - 10.2011
Special Loans Supervisor
Litton Loan Servicing LP
07.2005 - 02.2009
Escrow Analyst and Administrative Assistant
Litton Loan Servicing
04.2003 - 07.2005
Bachelor of Science - Economics
Texas A&M University
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