Milan Lee
Lafayette,LA
Summary
Performance-driven Loan Processor with extensive experience and knowledge in mortgage lending guidelines, policies and procedures. Skillful in analyzing, researching and investigating documentation. Results-oriented Loan Processor highly effective at coordinating documents and processes between departments, individuals and government offices. Proficient in analyzing credit, income and debt to income ratios. Highly organized in monitoring pipelines to ensure loans close on time, while simultaneously reviewing, verifying and analyzing loans for completeness. Over 8 years of experience in loan processing and passionate in company satisfaction and building a credible environment.
Overview
14
14
years of professional experience
Work History
Loan Processor
Mortgage Solutions Financial
11.2020 - 08.2022
- Reviewed loan files for completeness, identified missing documentation and generated condition lists for applicants
- Contacted Loan Originators and Borrowers to obtain documentation needed to complete files prior to underwriting
- Ordered title, appraisals, credit reports, verifications of employments, deposits, mortgage and rental history and other needed items specific to each loan program
- Provided quick turnaround times while maintaining pipelines of 30+ loans
- Reviewed financial statements and debts to ensure calculated DTI did not exceed loan program guidelines
- Performed compliance review and audits on canceled and denied loans to meet HMDA reporting requirements
- Ensured all disclosures met lender, state and federal requirements relative to TRID guidelines
- Set up and organized files for submission to Underwriting and handled any conditions sent from underwriting departments before resubmission
- Coordinated the closing process with title, borrowers and loan officers
Compliance Analyst
Bank Of America
03.2018 - 06.2020
- Reviewed audit and monitoring reports related to consumer and client activities.
- Evaluated claim letters received from FNMA, Freddie Mac and FHA sponsored agencies
- Performed analysis on closing documents, Deed of Trust, Promissory Note and loan disclosures
- Assisted investigation and risk management teams with fraud investigations and risk identification.
- Developed improvement and corrective action plans to bring operations in line with requirements.
- Prepared documentation and records for upcoming audits and inspections.
- Stayed current with latest changes to applicable regulatory standards and company procedures.
- Performed quality reviews to uncover workflow and communication issues.
- Monitored closing disclosures to verify documents contained required signatures.
- Exceeded daily production and quality goals to ensure service level agreements were met
Loan Processor
New American Funding
12.2015 - 01.2018
- Collected necessary documentation such as income documents, asset statements, and initial disclosures
- Communicated with borrowers, real estate agents, title and escrow companies throughout the entire loan process
- Prepared and evaluated loans for submission to underwriting
- Communicated with underwriters about conditions and reached out to borrowers and third parties for needed items
- Ordered appraisals, title and escrow settlement documents
- Verified applicant’s residency, mortgage history, employment and assets to ensure loan qualification
- Calculated income and analyzed tax returns accurately
- Performed compliance reviews and audits on canceled and denied loans to meet HMDA reporting requirements
Loan Officer Assistant
Community Mortgage Funding
09.2015 - 11.2015
- Analyzed applicant’s financial status, credit, and property evaluations to determine feasibility of granting a loan request
- Met with applicants to obtain information for loan applications and answer questions about the loan process
- Explained to customers different type of loans and credit options
- Ensured all disclosures met lender, state, and federal requirements relative to new TRID rules
- Performed compliance reviews and audits on canceled and denied loans to meet HMDA reporting requirements
Loan Processor
United Providence Funding Corporation
04.2013 - 03.2015
- Examined and collected borrower's financial documents and prepared loan packages for submission
- Performed data entry by entering borrower's information for loan approval
- Ordered third-party verifications: employment, deposits and rental/mortgage history
- Reviewed all initial changes and final loan disclosures to meet lender and regulatory requirements
- Researched and evaluated lender guidelines
- Constantly communicated with borrowers, sale agents, and closing agents
Assistant Office Manager
The Safe Cig
08.2011 - 08.2012
- Organized and structured meetings and appointments for Sr. Management and staff
- Worked on special projects to launch products and services
- Implemented procedures and filing systems for processing orders
- Recorded expenses and maintained accounting records.
- Oversaw office inventory activities by ordering and requisitions and stocking and shipment receiving.
Junior Loan Processor
Direct Processing Services
05.2008 - 09.2009
- Performed data entry by entering borrower's information for loan approval
- Ordered third party verifications: employment, deposits and rental history
- Scheduled meetings for Sr. Processors and Loan officers
- Researched and evaluated lender guidelines
- Prepared loan packages for submission
Education
Finance Certification -
IAP Career College
Los Angeles, CA08.2023
Business
Citrus College
Glendora, CA11.2020
Mortgage Processor Certification -
National Association of Mortgage Professionals
Los Angeles, CA01.2015
Skills
- FHA, Conventional, VA, USDA and 203k loans
- Automated Underwriting Systems: DU and LP
- TRID & HMDA
- Encompass & Byte
- Microsoft Excel, Word, PowerPoint & Windows XP
- Loan Evaluations
- Legal Compliance
- Professional written and verbal communication skills
- Government Lending
- Bank Secrecy Act
- Risk Mitigation
- Equifax Application Engine
- Analytical and Critical Thinking
- Appraisals
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
Every problem is a gift—without problems we would not grow.
Tony Robbins
Timeline
Loan Processor
Mortgage Solutions Financial
11.2020 - 08.2022
Compliance Analyst
Bank Of America
03.2018 - 06.2020
Loan Processor
New American Funding
12.2015 - 01.2018
Loan Officer Assistant
Community Mortgage Funding
09.2015 - 11.2015
Loan Processor
United Providence Funding Corporation
04.2013 - 03.2015
Assistant Office Manager
The Safe Cig
08.2011 - 08.2012
Junior Loan Processor
Direct Processing Services
05.2008 - 09.2009
Finance Certification -
IAP Career College
Business
Citrus College
Mortgage Processor Certification -
National Association of Mortgage Professionals
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