Nicole Kormanik
Certified Risk Analyst
Eden Prairie,MN
Summary
Details-Focused Leader Dedicated to Optimizing Lending, Regulatory, Banking Operations & Services Practices
Overview
24
24
years of professional experience
4
4
Certifications
Work History
Business Risk Analyst
U.S. Bank Home Mortgage
01.2017 - Current
- Complete full file underwriting, from a random sampling of loans that have been conditionally approved, by internal, U.S. Bank Home Mortgage internal underwriting staff. Ensure that all sampled loan underwrites are in compliance with Agency and Government guidelines, in addition to U.S. Bank's guideline overlays. Issue any negative findings to the location Underwriting management, for remediation.
- Collaborate with assigned Lines of Business (LOB), Risk Compliance / Audit (RCA) professionals, and RCA Managers to create, implement, maintain, review, and / or oversee a risk management framework. Provide regulatory support to Third-Party Originated Mortgage Loan Business Lines, TPLO Support Shared Mailbox.
- Gather, analyze, and present loans to senior management that do not meet standard regulatory parameters. Review loan scenarios for further escalation. Track exceptions approved or declined by senior management. Review submission for compliance per USBHM guidelines, agency guidelines, and regulatory and government requirements.
- Continually ensure all applicable investigations are conducted to attain a complete picture of any issues and compensating factors to assist management in taking on risk caused by non-compliance. Provide ongoing general regulatory support to Correspondent Lending and Home Finance Association (HFA) business lines.
- Complete comprehensive review of issues that have been submitted and any documentation within the loan files that apply to the issue presented to TPLO Support. Advise business lines on how to cure non-compliant issues and proceed with the processing of loans for purchase by U.S. Bank Home Mortgage.
- Successfully identify, respond to, and / or escalate risks as appropriate.
- Participate in key projects to ensure compliance with federal, state, and local laws and regulations.
- Efficiently run reporting and send email reminders to Retail Sales and Service Group for any Learning Center courses that are Past Due or Coming Due; additionally, provide quarterly reporting to executive management of percentage of completion of courses due on last day of the quarter.
- Create and maintain a Third-Party Lending Operations training manual for use by new and / or existing staff as a resource tool for escalated compliance reviews; the manual covers processes for Correspondent and Housing Finance Agency loan business lines.
- Minimize losses by identifying gaps and providing solutions from issues with inadequate internal processes and systems and / or human error.
- Mortgage Loan Specialist II (Contract) (2016 – 2017)
- Leveraged broad scope of industry knowledge toward comprehensively reviewing loans to ensure compliance with bank, regulatory, and investor guidelines and customer service standards and determine acceptability. Efficiently prepared required disclosure information in designated timeframes to ensure regulatory compliance.
- Liaised among lenders, staff, and title companies to obtain essential documentation and resolve issues.
Quality Control Analyst | Correspondent Relationship Subject Matter Expert (FNMA & FHA)
TCF Bank Consumer Lending
01.2014 - 01.2015
- Expertly examined loan documentation for strict adherence to Fannie Mae and FHA guidelines within this nationwide multi-branch banking lending institution. Reviewed manually underwritten loans and online transactions to determine optimal compliance. Effectively analyzed loans individually and in aggregate.
- Proactively followed up with internal sales teams and brokers to provide loan status.
- Ensured all loans met insurer guidelines, investor requirements, and government regulations.
- Continually liaised among staff to communicate issues with submitted conditions and resolve issues.
Assistant Vice President | Mortgage Underwriter
Bank of America
01.2013 - 01.2013
- Led initial underwriting of FHA Streamline Refinance transactions for this nationwide banking and lending institution with extensive corporate and retail branches. Exhibited skill in receiving conditions from processing or sales for review, handling clearing of loans, performing final review, and clearing conditions for final funding.
- Reviewed credit, income, asset, and collateral to determine risk and provide an initial decision of approval or denial per corporate and government guidelines. Reviewed and cleared or rejected documentation submitted as condition of initial loan approval. Provided completed approved loan packages to the Closing Department.
- Achieved authority for FHA Delegated Endorsement and possessed an active CHUMS ID.
- Received BoA’s Conventional Conforming and Non-Conforming Level 3 signing authority.
Quality Control Underwriter | Repurchase Resolution Analyst (4-Month Contract)
Summit Mortgage Corporation
01.2012 - 01.2013
- Strategically steered comprehensive examination of loans in compliance with Fannie Mae and Freddie Mac guidelines for this corporate mortgage provider, including reviewing manually underwritten loans to determine compliance. Analyzed files and / or online transactions for adherence with company requirements.
- Comprehensively analyzed loans both individually and / or in aggregate.
- Promptly followed up with internal sales and brokers to provide documentation status.
- Ensured all loans met insurer guidelines, investor requirements, and government regulations.
Quality Assurance Analyst – Level 3
Wells Fargo Home Mortgage
01.2006 - 01.2012
- Ensured loan files consistently complied with federal and insurer guidelines for this nationally recognized home mortgage provider. Liaised among top investors to guarantee loans met specific requirements. Analyzed loan documentation, including appraisal reports, credit, income, asset, and title information for accuracy.
- Analyzed risks and offsets for complex issues and developed appropriate solutions.
- Provided ongoing feedback to internal / external customers regarding material deficiencies.
- Streamlined processes by communicating deficiencies in written form for efficient reconciliation.
Mortgage Loan Underwriter – Subprime Lending
LendSource, Inc.
01.2002 - 01.2006
- Played a vital role in underwriting all loan submissions originated by an internal sales staff. Collected and reviewed loan conditions for compliance with investor guidelines. Interfaced among internal sales staff and brokers to provide process status. Collaborated with Closing Department to review final documentation.
- Served as a “go-to” mentor / coach for Junior Underwriters to promote performance excellence.
- Reviewed loans underwritten by Junior Underwriters to provide performance-boosting feedback.
- Conducted regular performance reviews of Junior Underwriters and recommended merit increases.
Education
Master of Business Administration - undefined
University of St. Thomas
Bachelor of Science - Accounting
St. Cloud State University
Skills
Microsoft Office Suite (Word, Excel, PowerPoint, Outlook) Calyx Point
Certification
Certified Fraud Examiner (CFE)
CUST
- Eden Prairie, MN 55344 | (612) 805-6745 | tnjkormanik@gmail.com
- MORTGAGE UNDERWRITING | CONSUMER LENDING | REGULATORY COMPLIANCE
- RISK COMPLIANCE / AUDITING | USBHM GUIDELINES | GOVERNMENT REQUIREMENTS
- LOAN REVIEW / ANALYSIS | LOAN AUDITING | COMPLEX ESCALATIONS | TRENDS TRACKING
- FRAUD EXAMINATION | QUALITY CONTROL | BEST PRACTICES | DOCUMENTATION | PROJECT SUPPORT
- Highly Accomplished CFE who offers 21+ years of mortgage and consumer lending experience with expertise in high-value underwriting practices, auditing, and quality control to align with a company’s vision, value, and goals, and who sees the “big picture” while thriving in rapidly evolving scenarios to champion process efficiency.
- Ambitious Six Sigma Black Belt who exhibits solutions-centric critical thinking to attain insightful compliance outcomes, and who contributes talent with conventional conforming / non-conforming, Fannie Mae, Freddie Mac, and FHA / VA loans, as well as solid market knowledge and up-to-date industry trends and regulatory awareness.
Timeline
Business Risk Analyst
U.S. Bank Home Mortgage
01.2017 - Current
Quality Control Analyst | Correspondent Relationship Subject Matter Expert (FNMA & FHA)
TCF Bank Consumer Lending
01.2014 - 01.2015
Assistant Vice President | Mortgage Underwriter
Bank of America
01.2013 - 01.2013
Quality Control Underwriter | Repurchase Resolution Analyst (4-Month Contract)
Summit Mortgage Corporation
01.2012 - 01.2013
Quality Assurance Analyst – Level 3
Wells Fargo Home Mortgage
01.2006 - 01.2012
Mortgage Loan Underwriter – Subprime Lending
LendSource, Inc.
01.2002 - 01.2006
Master of Business Administration - undefined
University of St. Thomas
Bachelor of Science - Accounting
St. Cloud State University
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