Mary Welch
Finance & Loan Analyst
Portland,OR
Summary
Offering a solid understanding of principles of equity along with a dedication to public service through the development of affordable housing. Brings a strong analytical mindset and attention to detail, coupled with an extensive background in lending and an in-depth understanding of financial assessment, risk management, and regulatory compliance. Known for collaborative teamwork and adaptability to ensure effective borrower relationships to deliver precise and timely outcomes.
Overview
18
18
years of professional experience
6013
6013
years of post-secondary education
Work History
MFH Finance & Loan Analyst
USDA Rural Development
Portland, OR (National Office, Remote)
04.2023 - Current
- Maintain application tracking for assigned production and preservation programs
- Intake applications and determines completeness before moving the application to underwriting
- Coordinate with the closing branch to receive closed loans that require continued monitoring until construction completion
- Enter preliminary numbers into the Preliminary Assessment Tool (PAT), or a similar underwriting tool, for assigned production and preservation programs
- Process Section 538 applications, review for completion, and determine if full or partial re-underwriting is required
- Intake and processing of Section 514/516 loan and grant applications and assesses submissions for completeness
- Intake of Section 515 new construction and rehab/repair applications and assesses the submissions for completeness
- Process Housing Preservation Grant (HPG) applications and ensures the submissions are in compliance with the HPG Notice of Solicitation of Applications (NOSA) requirements
- Works with senior analysts and underwriters to provide all information necessary to move forward with the underwriting and eventual closing of the transaction
- Process customer requests for appraisal guidance, as-built and final inspection reviews, CNA contracts, tax credit support letters and Section 515 eligibility letters
- Attends internal meetings to coordinate work and resolve issues across MFH divisions
- Manages construction monitoring meetings with stakeholders, conducts preconstruction monitoring conferences, reviews and processes partial payment applications, loan draws and project change orders and performs closeout duties at the end of the construction period
- Uses knowledge of loan and grant applications, pre-underwriting, third-party and construction requirements, regulations, policies, procedures, practices, and operational guidelines in order to consult both within and outside Rural Development;
- Review and analyze financial statements that will be presented in various ways based on applicable accounting requirements
- Uses knowledge of LIHTC and mortgage banking industry lending trends and best practices, including knowledge of Federal and private sector mortgage lending programs, practices and governing laws and principles, and multi-family mortgage loan servicing
MFH Finance & Loan Technician
USDA, Rural Development
Portland, OR (National Office, Remote)
11.2022 - 04.2023
- Maintain application tracking for assigned production and preservation programs
- Process applications and determines completeness before moving the application to underwriting
- Process Section 514/516 loan and grant applications and assesses submissions for completeness
- Intake Section 515 new construction and rehab/repair applications and assesses the submissions for completeness
- Process Housing Preservation Grant (HPG) applications and ensures the submissions are in compliance with the HPG Notice of Solicitation of Applications (NOSA) requirements
- Records preliminary numbers into the Preliminary Assessment Tool (PAT), or a similar underwriting tool, for assigned production and preservation programs
- Works with senior analysts and/or assigned underwriters to provide all information necessary to move forward with the underwriting and eventual closing of the transaction
- Process customer requests for appraisal guidance, as-built and final inspection reviews, CNA contracts, tax credit support letters and Section 515 eligibility letters
- Attends internal meetings to coordinate work and resolve issues across MFH divisions
- Manages construction monitoring meetings with stakeholders, conducts preconstruction monitoring conferences, reviews and processes partial payment applications and project change orders and performs closeout duties at the end of the construction period
MFH Finance & Loan Technician -Limited Dur. Detail
USDA Rural Development
Portland, OR (National Office Remote)
08.2022 - 11.2022
- Reviews MFH loan or grant applications and documents with the assistance of a senior analyst
- Works to process, analyze, and verify that applications and documents comply with statutes, regulations, and policies
- Processes appraisal guidance requests and produces tax credit letters requests from stakeholders
- Review incoming request for tax credit support letter and provide tax credit letters requests for stakeholders
- Attends internal meetings to coordinate work and resolve issues across MFH divisions
- Respond to external stakeholders regarding their applications and transactions
- Work one on one with developers/borrowers on pay draws and change orders
Community Facilities Program Loan Technician
USDA - Rural Development
Portland, OR
07.2021 - 11.2022
- Serves as a primary representative providing technical information, assistance and guidance to applicants, borrowers, lenders, and others concerning eligibility and other requirements for loans, grants, and/or loan guarantee programs
- Reviews and analyzes various loan/grant-servicing and related documents, forms and materials submitted for adequacy, completeness, accuracy of information
- Prepares and reviews closing related documents, including reconveyances and lien releases, to ensure adequacy, completeness, accuracy of information, and assurance that conditions are met in advance of time-sensitive closings
- Ensures data integrity for assigned programs at all stages of the loan/grant making and servicing process
- Assembles, compiles and initiates a variety of information, statistical data, and reports relating to program activities
- Reserves funds for approved loan and grant applicants, orders funds for disbursement and provides payoff demands for refinance and payoff requests
- Provides loan information for CPA audit requests, files UCC’s, sets up banking information on USDA’s internal financial systems and provides a variety technical assistance to internal and external stakeholders
- Reviews and evaluates applications for a wide array of highly competitive federal grant funds
Commercial Escrow Assistant
Fidelity National Financial
Portland, OR
12.2020 - 05.2021
- Opened escrow orders for multi-million-dollar real estate transactions including predevelopment, new construction loans, restructures, refinances, and interim financing
- Assisted with clearing title liens, ordering loan payoffs and property inspections
- Conducted buyer/borrower and seller communications and collected due diligence
- Prepared loan closing documentation and funding conditions, recording packages and disbursements
- Maintained a project pipeline for the entire commercial team to track loan closings in order to ensure accuracy and manage competing priorities
MFH Senior Loan Coordinator
City of Portland, Portland Housing Bureau
Portland, OR
07.2014 - 12.2020
- Led complex commercial real estate loan closings from approval through funding and recording by preparing, processing and verifying the completeness of loan closing packages
- Collaborated with developers, underwriters, construction staff and attorneys to produce legal documentation for complex, publicly funded, multifamily, LIHTC, state, local and federally funded housing projects (HUD funds, including HOME and CDBG)
- Collected due diligence, reviewed title reports and legal descriptions, cleared title exceptions and assisted borrowers throughout the loan closing process
- Worked with internal and external stakeholders, including borrowers and lenders, on requests for modifications to a wide variety of regulatory, lien and mortgage instruments
- Managed a wide variety of standardized loan documentation, including subordination and intercreditor agreements required for the approval, underwriting, closing and release of public funds
- Worked collaboratively with an internal team consisting of financial underwriters, attorneys and construction coordinators to ensure clear communications and transparency between both the internal team and external stakeholders
- Identified program, state, and local closing requirements and insured that they were incorporated into the closing documents for each loan program and that all underwriting issues were addressed and resolved prior to closing
- Performed quality control/assurance to meet legal requirements to release public funds to borrowers and interfaced directly with escrow and title officers to ensure on time loan closings
- Managed multiple, complex MFH projects with competing priorities and tight deadlines on a consistent basis
MFH Sr. Administrative Specialist & Development Assistant
Portland Housing Bureau
Portland, OR
07.2010 - 06.2014
- Coordinated internal loan approval committee process
- Developed quarterly reports and audits detailing the city’s housing real estate investments
- Coordinated across multiple departments to carry out functions including scheduling, file management, phone coverage, mail and timekeeping
MFH Loan Processor/Closer
Prosper Portland
Portland, OR
07.2008 - 06.2010
- Drafted loan documents, notarizations and recordings, UCC filings, including amendments, subordinations and releases
- Managed multiple projects with competing priorities and deadlines on time, on budget
- Reviewed customer’s request for amending regulatory agreements and made recommendations for amendments to move forward
- Engaged with borrowers, other stakeholders to ensure loan documents were collected and to ensure that the public tax dollars were being allocated efficiently and for the public good
MFH Program Specialist/Sr. Administrative Specialist
Prosper Portland
Portland, OR
02.2007 - 07.2008
- Managed confidential and/or sensitive information
- Produced agendas, meeting minutes and reports
- Reconciled expense cards – accounts payable and accounts receivable, in compliance with public sector travel and finance requirements
- Arranged travel, planned and scheduled events and provided general administrative support
- Conducted research; developed quarterly housing production reports and conducted program audits and was responsible for record management
Education
Technical or occupational certificate - Paralegal Certificate
University of Oregon
Eugene, OR04-2014
Master's degree - Communictions
University of Illinois Springfield
Springfield, IL07-2003
Bachelor of Arts - Fine Arts
Northern Arizona University
Flagstaff, AZ 05.2001 - 01.1999
Some college (no degree) - Fine Art
Illinois Wesleyan University
Bloomington, ILSkills
Trained to lead with equity through diversity, equity, inclusion and racial justice
Critical systems thinking
Regulatory and compliance
Quality Control
Problem solving
Conflict management
Change management
Process efficiency
Strategic plan implementation
Teamwork
Staff Training
Professional development
Public sector MFH lending
Public sector MFH closing
Management of multiple tasks
Project management
Stakeholder engagement
Emotional intelligence
Written communication skills
Verbal communication skills
Analytical skills
Detail oriented
Timeline
MFH Finance & Loan Analyst
USDA Rural Development
04.2023 - Current
MFH Finance & Loan Technician
USDA, Rural Development
11.2022 - 04.2023
MFH Finance & Loan Technician -Limited Dur. Detail
USDA Rural Development
08.2022 - 11.2022
Community Facilities Program Loan Technician
USDA - Rural Development
07.2021 - 11.2022
Commercial Escrow Assistant
Fidelity National Financial
12.2020 - 05.2021
MFH Senior Loan Coordinator
City of Portland, Portland Housing Bureau
07.2014 - 12.2020
MFH Sr. Administrative Specialist & Development Assistant
Portland Housing Bureau
07.2010 - 06.2014
MFH Loan Processor/Closer
Prosper Portland
07.2008 - 06.2010
MFH Program Specialist/Sr. Administrative Specialist
Prosper Portland
02.2007 - 07.2008
Bachelor of Arts - Fine Arts
Northern Arizona University
05.2001 - 01.1999
Technical or occupational certificate - Paralegal Certificate
University of Oregon
Master's degree - Communictions
University of Illinois Springfield
Some college (no degree) - Fine Art
Illinois Wesleyan University