Patricia D. Alexander

As sole Underwriter, I am responsible for mitigating risk to the bank by reviewing and analyzing both the applicant’s financial ability to repay a mortgage loan, the collateral property to confirm market value, and assure all legal requirements of property ownership are secured on behalf of the bank and prevent an overall burden on the loan portfolio.

• Obtained status of Nationally Certified Residential Underwriter (CRU – See Education Section)
• Collect, review, and analyze an applicant’s relevant financial history and pertinent records.
• Obtain additional information about an applicant to determine the ability to repay the mortgage loan.
• Analyze the collateral property for adequate value as reported by a licensed appraiser.
• Analyze the legal status of collateral property for clear title and sufficient title insurance.
• Review and analyze property insurance coverages to meet bank guidelines and regulatory practices.
• Analyze construction documents including plans, specs, and draw schedules.
• Prepare Loan Presentations for Loan Committee review and approval.
• Review pricing of each loan, confirm rate locks, and process rate lock extensions.
• Review Title work, initial Closing Disclosures, surveys, structural engineer’s reports, and prepare loans for Closing.
• Perform Loan Processor tasks as needed.
• Proficient in the use of Mortgagebot LOS
• Continuing Education – 1-3 classes per month as required by First State Bank

As a licensed Realtor in the state of Maryland, I was responsible for:

• Honest and fair dealings with all parties and in all matters of real property transfers.
• Preparing and explaining financial requirements and analytical data for potential buyers and sellers.
• Collaborating with loan officers, attorneys, and other agencies to complete property sale or purchase.
• Researching and appraise properties utilizing local comparisons.
• Advising clients on market conditions, pricing, mortgages, and legal requirements for purchase or sale.
• Advising clients on market conditions, pricing, and regulatory issues involved with rental property.
• Showing residential and commercial properties, explained the features, value and benefits of listed properties.
• Developed close relationships with area attorneys, Chamber of Commerce members, realtors, and builders to boost referral network.
• Assisted clients with corporate relocation services.
• Wrote contract documents, purchase agreements, and closing statements.

As with most County Planning and Zoning Commissions, the department was tasked with:

• Daily zoning management concerning public use.
• Drafting the Comprehensive Plan as required by the State of Maryland.
• Providing administrative support to the Commission members, monthly meeting preparation, recordation, and transcription for publication
• Responding to public inquiry, research topics of interest for the Commission and other County Departments
• Developing grant programs encouraging private forestry preservation and recreational use of undeveloped land
• Code enforcement
• Housing and non-housing related plan development review
• Set up, and tear down, of all equipment and supplies needed for daily concession stand operations.
• Repair and regular maintenance of mechanical equipment.
• Develop recipes and menus by understanding market demand and culinary trends.
• Used knowledge of market trends to create value-added solutions resulting in 25% increase in revenues.

• Post foreclosure monitoring and processing services provided to FHLMC, FNMA, and private lenders throughout the United States.
• Managed a caseload of 225+/- files, in 35 states remotely, utilizing proprietary software.
• Access land records to verify foreclosure completion by way of internet portals.
• Monitor Redemption Periods for proper certification or waiver documents.
• Negotiate evictions in accordance with program parameters.
• Contract REO Inspections for repairs required by FHLMC, FNMA, FHA, and VA guidelines.
• Extensive contact with Foreclosure Trustees and staff, Government and utility offices, Land Records offices, and
• Reorganized caseloads to make best use of time differences, and State processing (DOT vs. Judicial Foreclosure)

My career in mortgage banking began with First Mortgage Services, who then merged with Norwest Mortgage, who was purchased by Prudential Mortgage, who was purchased by Wells Fargo Home Mortgage.

• I held different positions within the overall framework of each entity, and as each company’s organizational chart changed with company mergers. Those positions included:
• Customer Service
• Default Servicing Department - Foreclosure and Bankruptcy Specialist
• Special Operations Support – Legal support protecting equity ownership rights of the mortgagee.
• Underwriting
• Closing Specialist
• Due Diligence auditing, analysis, and reporting
• Obtained the honor of Masters in Mortgage Servicing (see below)