Patricia Colvard
Omaha,NE
Summary
Senior Mortgage Processor with over 10 years of experience, skilled in handling detailed financial information and ensuring compliance with industry guidelines. Expertise in conventional, VA, FHA, and other loan types for various investors. Strong track record in streamlining processes and enhancing client satisfaction.
Overview
8
8
years of professional experience
Work History
Senior Mortgage Processor
Sandy Spring Bank
Olney, MD
10.2020 - Current
- Review investor and/or DPA guidelines to confirm borrower eligibility.
- Complete a thorough review of the application to identify any missing or incomplete information.
- Assess all income documentation, including pay stubs, W-2s, and tax returns, and complete preliminary income calculations. Request any missing documentation needed to accurately calculate. Cross-check income with program guidelines.
- Review the credit report, liabilities, and credit scores to ensure compliance with program guidelines.
- Evaluate asset documents for adequate funds, and large deposits.
- Run AUS, and review for any potential issues.
- Submit loans for underwriting review either through the LOS or the investor website.
- Gather the required documents for the DPA program, as needed, and submit them through the DPA website.
- Send out the Conditional Approval needs list to the borrower and MB, and communicate needs on a regular and consistent basis. Provide timely updates.
- Order services, including appraisal, title, condo, and verifications, as needed.
- Prepare a complete and compliant file for Underwriting's final review and approval.
- Coordinate with closing department, title, MB, and the borrower for a smooth closing.
Senior Mortgage Processor
Bank of the West, BNP Paribas
Omaha, NE
10.2016 - 10.2020
- Managed mortgage loan processing for high-net-worth clients within the Wealth Department. Primarily portfolio, but also conventional, VA, and FHA.
- Reviewed complex financial profiles, including multiple income sources, tax returns, and extensive asset portfolios, to verify borrower eligibility.
- Worked closely with loan officers, underwriters, and closing teams to facilitate smooth transactions while adhering to guidelines.
- Maintained proactive communication with clients and relationship managers, providing white-glove service, and personalized solutions.
- Ensured all documentation met program and compliance requirements, minimizing delays, and enhancing the overall customer experience.
Education
Some College (No Degree) - Medical Secretary
Metropolitan Community College
Omaha, NESkills
- Strong written and verbal communication
- Attention to detail and accuracy
- Adaptable to learning new systems
- Proficient in learning new investor programs
- Time management and multitasking
- Skilled at adapting to industry changes
- Well-versed in Down Payment Assistance Programs
- Experienced in handling non-delegated investor loans
References
- Luiz Gonzaga, Senior Mortgage Banker, 240-205-0511
- Kari Sansom, Mortgage Loan Officer/Sales Manager, 301-767-6354
- Roy Manuel, Mortgage Banker, 301-617-4254
Timeline
Senior Mortgage Processor
Sandy Spring Bank
10.2020 - Current
Senior Mortgage Processor
Bank of the West, BNP Paribas
10.2016 - 10.2020
Some College (No Degree) - Medical Secretary
Metropolitan Community College
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