Melanie Arata
Senior loan processor
Willow Springs,NC
Summary
Results-oriented Loan Processor highly effective at coordinating documents and processes between departments, individuals and government offices. Expert negotiator, problem solver and organizer. Over 20 years of experience in loan processing and mortgages. Focused loan processor familiar with mortgage guidelines. Possessing top strengths in conventional, FHA, reverse non QM and condo/ coop guidelines. Desiring to advance professionally with growing organization. Knowledgeable Loan Processor offering expertise in legal statutes and established lending guidelines. Excellent communication and negotiation skills. Offering 24-year history of successful loan and mortgage processing. Manages high-volume loan paperwork in dynamic environments with high production, approval and customer relations targets. Expertise includes reviewing and validating personal, employment and financial histories for each applicant. Self-motivated and reliable with excellent teamwork, problem-solving and organizational skills.
Overview
20
20
years of professional experience
Work History
Senior Loan Processor
Gold Coast Funding
Jericho , NY
04.2020 - Current
- Evaluated approvals against established bank and government lending standards.
- Reviewed financial statements and contacted institutions and customers to clarify details.
- Handled any conditions sent from underwriting departments.
- Set up and completed loan submission packages.
- Coordinated closing process with attorneys, title companies and government clerks.
- Maintained compliance with privacy and security requirements, as well as federal statutes covering conventional, FHA, reverse and non QM loans.
- Reviewed loan files for completeness, identified missing documentation and generated condition lists for applicants.
- Prepared documents for underwriting by verifying client income, credit reports and other information.
- Processed loans within various departments to achieve timely, accurate and fair proceedings.
Senior Loan Processor
Advisors Mortgage Group
Wall, NJ
02.2012 - 03.2020
- Worked with customers in person and via telephone to answer questions, process transactions and resolve issues.
- Upheld complete confidentiality of all submitted information according to release guidelines.
- Processed loans within various departments to achieve timely, accurate and fair proceedings.
- Looked over and approved various types of loans.
- Prepared file for final clear-to-close by branch management.
- Collaborated with Loan Officers to provide timely, accurate service for clients throughout entire mortgage process.
- Reviewed financial statements and contacted institutions and customers to clarify details.
- Communicated with originator and applicant concerning progress of loan file.
Senior Loan Processor
RG Mortgage
Lynbrook , NY
02.2002 - 03.2012
- Evaluated approvals against established bank and government lending standards.
- Reviewed financial statements and contacted institutions and customers to clarify details.
- Handled any conditions sent from underwriting departments.
- Set up and completed loan submission packages.
- Coordinated closing process with attorneys, title companies and government clerks.
- Maintained long-term relationships with customers to provide best-in-class customer service.
Education
High School Diploma -
Lawrence High School
Lawrence 06.1996
Skills
- Regulatory Compliance
- Application Process Management
- Collateral Value Checks
- Customer Communication
- Employment Verification
- Application Reviews
- Insurance Forms
- Dedicated Work Ethic
- Tax Receipts
- Loan Processing Coordination
- Credit Verification
- Loan Application Preparation
- Calyx Point
- Data Entry
- Loan Closing
- Mortgage Loan Software
- Loan Information Recording
- Terms Definition
- Credit File Updating
- Borrower Correspondence
- Title Abstracts
- File Management
- Risk Management
- Teamwork and Collaboration
- Digital Applications
- Customer Relations
- Appraisal Verification
- Financial Data Analysis
- Loan Records Filing and Maintenance
- Customer Proposals
- Reverse Mortgages
- Tax Liability Calculation
- Payment Schedule Computation
- Funds Disbursement Application
- Government Standards
- Desktop Underwriter
- Escrow Account Management
- Closing Documentation
- Error Research
- Status Updates
- Title Research
- Property Inspection Requirements
- Loan Feasibility Assessment
- Legal Documentation
- Contacting Borrowers
- Completing Interviews
- Lending Software Systems
- Product Education
- Customer Service
- Credit Bureau Contact
- Complex Mathematics
- Income Evaluation
- Credit Reporting Software
- Creditworthiness Determination
- Automated Underwriting Systems
- Credit Applications
- LexisNexis Software
- Home Mortgage Disclosure Act
- Bank Secrecy Act
- Credit Limit Establishment
- Commercial Real Estate
- Deposit and Payment Collection
- Closing Costs Calculation
- Mortgage Closing Scheduling
Additional Information
Nominated for MGIC contract underwriting
Handles a pipeline of 40 plus loans consistently
Timeline
Senior Loan Processor
Gold Coast Funding
04.2020 - Current
Senior Loan Processor
Advisors Mortgage Group
02.2012 - 03.2020
Senior Loan Processor
RG Mortgage
02.2002 - 03.2012
High School Diploma -
Lawrence High School
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