Marie Ayala

● Started the QC department from scratch and set expectations.

● Responsible for auditing 50 % of each Underwriter’s pre-fund loans

Responsible for auditing every approved non-QM loan, as well as any loan over 1.5 million dollars and any 2nd closed-end loans.

● Make sure the loan is within our guidelines as well as FNMA, Freddie Mac, and state guidelines before the loan funds.

● Make sure the loan is within compliance guidelines before the loan is allowed to move to funding.

Reported any errors found to operations, and made sure those errors were corrected before the loan moved to funding.

● Keep track and investigate any patterns of mistakes for potential fraud.

● Responsible for Auditing the post-fund files.

● Validate any investor findings as well as any repurchase file

● Assign daily work to the team.

● Review and rebuttal all escalations.

● Audit all department Requests.

● Responsible for auditing 10 % of each Underwriter’s pre-fund loans on the credit side as well as the compliance side.

● Made sure the loan is within our guidelines as well as FNMA, Freddie Mac, Jumbo, FHA, VA, Ginnie Mae, and state guidelines before the loan funds.

● Made sure the loan is within compliance guides before the loan is allowed to fund.

● Reported to operations any errors found and make sure those errors are corrected before the loan is funded.

● Kept track and investigated any patterns of mistakes for potential fraud.

● Responsible for Auditing the post-fund files from retail as well as the loans from CLG.

● Responsible for validating and handling all the audits for non-funded files specifically the HMDA side of the loan.

● Verified that the information entered in the system is accurate.

● Submitted the LAR Report quarterly.

● Made sure all the errors are corrected in the report if any are found.

● Audited the Approved and Final HUDs to make sure is within compliance.

● Responsible for Supervising 24 HMDA Associates reviewing all the HMDA information for 2010.

● Responsible for validating and handling all the escalations daily for each HMDA Associate.

● Verified that the information entered in the system is accurate by performing spot audits for each of the associates.

● Reported the project progress as well as any inconsistencies every day to upper management and Compliance.

● Identified the errors in each file audited and provided feedback to management and compliance.

● Responsible for reviewing FHA Files daily and get it insured same day if possible.

● Responsible for reviewing the loan docs required by FHA connection to make sure it meets FHA requirements.

● Verified that no fraudulent activity has occurred during each transaction.

● Requested any corrections for any incorrect document or request any missing documents.

● Identified and corrected any errors in FHA Connection when not matching the docs in each file.

● Got the files insured within 48 hours of reviewing.

● Responsible for reviewing each document request from each attorney assigned to me for every state.

● Responsible for making sure the document is in the imaged file and if not request it from storage.

● Communicated with the attorneys and find out the status of the foreclosure.

● Requested documents from the county for each document that required recording.

● Responsible for researching post-closing deficiencies related to Master File Audits (MFA), and Automated Underwriting (AUS) from both internal and external clients. Maintained a detailed spreadsheet of all deficiencies in my pipeline daily.

● Responsible for researching post-closing deficiencies related to Master File Audits (MFA), and Automated Underwriting (AUS) from both internal and external clients.

● Maintained a detailed spreadsheet of all deficiencies in my pipeline daily.

● Responsible for resolving each deficiency within departmental guidelines by contacting the clients and requesting the corrections needed to provide FNMA with salable loans.

● Monitored and run FNMA/ FHLMC reports once a week for the team to make sure all the employees are within time to resolve the deficiency to avoid any repurchase.

● Responsible for making sure the document is in the imaged file and if not request it from storage.

● Communicated with the attorneys and find out the status of the foreclosure.

● Conducted root-caused analysis report to prevent/reduce deficiency, and make sure the report is up to date and correctly completed.

● Verified and validated each deficiency to ensure it is valid and if so if is a collateral deficiency or Master File Deficiency. When is a collateral review of the Note, Deed, Addendums, Riders, etc., and if is a Compliance related review HUD-1, Truth in Lending Disclosure, First Payment Letter, etc. finally if is a Master File Deficiency review of the Note, AUS Certificates (DU, LP, and CLOUT), Income Asset documentation, Secondary Financing documents, and any Subordinations agreements.

● Responsible for reviewing each loan assigned to me to ensure the loan did not have any fraud.

● Responsible for reporting any fraud; whether it was the borrower, an employee or a vendor.

● Focused on income, assets, and property value fraud incidents.

● Traveled to other states to do in-person inspections on properties when the value or occupancy was in question.

● Responsible for processing all transactions for all the business accounts.

● Responsible for the piece count of each cash deposit brought in by the customers.

● Responsible for ordering cash for the entire branch as well as buying and selling cash to the tellers as needed.

● Responsible for balancing the vault as well as my personal cash drawer each night in the morning and at night.

● Responsible for surprise cash count for each teller as well as the team leads and manager.