Paul A Tessier
Credit & Mortgage Analyst
Rockville
Summary
Meticulous Credit & Underwriting Analyst with 20+ years of experience making loan application decisions by evaluating financial strength of borrowers. Strong risk assessment and decision-making skills paired with detailed approach in examining documents. Friendly and analytical professional proficient MS Office, SharePoint, Database Usage.
Methodical QC analysis committed to meeting strict deadlines and personally guiding clients through underwriting process. Expertise in credit and income analysis, loan closing and risk assessment. Innovative and diligent individual commended for working collaboratively with team members and accurately completing loan packages.
Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Dedicate banking professional with history of meeting company goals utilizing consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand.
Overview
27
27
years of professional experience
Work History
Mortgage QC Underwriting Analyst
Pentagon Federal Credit Union
Tysons Corner, VA
09.2021 - 11.2022
- Reviewed credit reports, financial statements and transactions to verify accuracy and completeness.
- Calculated loan applicant debt ratios, income and terms and payments to determine financial stability of applicants to repay loan.
- Utilized Fannie Mae and Freddie Mac guidelines to confirm regulatory compliance was followed and documented appropriately
- Reached out to Employment and Depository Institutions to confirm guidelines were adhered to and documented
- Communicated with all levels of management to achieve department and company goals
- Reviewed sales contracts, appraisals, titles and deeds to effectively confirm adherence to real estate loan samples each month
- Prepared detailed reports for defect managements and follow-up
- Improved department efficiency by developing file management spreadsheets to manage loan review
Senior Consumer Loan Analyst
Pentagon Federal Credit Union
Tysons Corner, VA
11.2018 - 09.2021
- Responsible for underwriting, due diligence, and sale acquisitions of bi-weekly purchases of third-party student refinance loan portfolios with over $6mm in purchases monthly
- Responsible for responding to CFPB complaints and tracking third party Debt Buyers correspondence and resolution regarding PenFeds reputational and compliance risks
- Creates and administers weekly and monthly reports to management on the progress of outstanding loan purchases, compliance, and complaint tracking and reviews
- Liaison for Vendor Management processes and communication with third parties and PenFed management via conference calls, on-site visits, and email communications
- Performs underwriting due diligence on HELOC acquisitions for accuracy and compliance
- Responds to third party inquiries on loan remittance and auditing of sales of charged off loans.
Business Analyst
Freddie Mac
Tysons Corner, VA
12.2016 - 10.2018
- Leveraged mortgage experience to ensure that requirements and use cases including Non-functional (performance, operational and transitional) are fully developed, communicated and understood
- Worked with different teams to identify opportunities for efficiency in project planning and execution to provide the business with solutions while balancing risk appropriately
- Coordinated with business partners to document and understand requirement needs and challenge the team to create inspiring solutions
- Utilized project teams and stakeholders to ensure that business requirements gaps or issues are resolved in a transparent and timely manner
- Effectively managed and assigned efforts with the use of standard project management tools, including project work plans, issue logs, status reporting and the facilitation and documentation of effective meetings
- Worked independently while driving and managing assignments from concept through deployment/launch
- Leveraged mortgage experience to categorize project risks and identify and mitigate new risks
- Experience in primary/secondary mortgage market with underwriting and credit analytics
- Analyzed, documented, developed, and managed complex business processes, thinking analytically and solved problems and worked collaboratively with key internal stakeholders, external customers, external stakeholders and matrixed teams
- Project management experience using standard project management tools; collecting, writing and maintaining business requirements; maintaining action item trackers, issue and risks logs; ability to work as an influencer
- Strong verbal and written communication skills including the ability to develop and deliver presentations to multiple types of audiences and ability to interact cross-functionally and drive both business and technical discussions
- Reached out to Project Leads for project risks for discussion and coordinated meetings monthly with the management team to decide which risks were high/medium to input them in to the ERM database Bwise
- Responsible for the Single-Family Data Governance & Management Deliverables for each project regarding data movement which I coordinated weekly and bi-weekly meetings with Stakeholders to update progress and set deadlines for Data Governance on project release approvals and Director sign-offs for Deployments
- Coordinated and led risk meeting between departments regarding data movements and controls.
Senior Mortgage Underwriter
Bank of America
Hunt Valley, MD
01.2006 - 06.2016
- Underwrote mortgage application in accordance to HARP Agency guidelines (Fannie Mae/Freddie Mac)
- Ensure fraud tools are utilized on all mortgage applications during the underwriting process
- Review underwriting escalation issues, such as appraisal values, etc., and provide decision back to underwriters
- Perform quality assurance review on loan mortgages that where denied, and or approved by other underwriters
- E underwriting feedback to Review an applicant's credit and financial reports, and meet with applicants to obtain more information about their loans and credit worthiness.
Credit/Risk Manager
MBNA AMERICA
Wilmington, DE
01.1995 - 01.2006
- Judgmental Consumer Lending
- Responsible for monitoring budgeted and actual expense related to the consumer lending area specifically for credit card application
- Responsible for meeting both quantity and quality standards established by management regarding credit card issuance
- Responsible for updating procedures to adhere/meet regulatory requirements related to credit card lending
- Responsible for modifying existing processes by analyzing and resolving non-routine and/or moderately complex problems related to compliance with credit card lending
- Analyzed credit reports for risk trends to reduce company charge-off and delinquency losses while maximizing profitability and safeguarding company assets.
Education
Bachelor of Science - Management & Marketing
University of Maryland - Baltimore
Baltimore, MD12.1992
Skills
- SKILLS/COMPETENCIES:
- Origination Database (Edge and LIS), Fannie Mae Desktop Underwriter, Freddie Mac LAS, Lexis Nexis, Microsoft Office/Business, Certified in Federal Lending Regulations, SQL, Access
- Property Evaluation
- Client Relationships
- Demographics Information
- Underwriting Proficiency
- Mortgage Lending
- Business Operations
- Government Regulations
- Customer Proposals
- Underwriting Regulations
- Credit Risk Evaluation
- Government Lending
- Business Writing
- Standard Operating Procedure
- Credit Application Review
- Accounts Payable and Accounts Receivable
- Client Retention
- Pricing Policies
- Mission Critical Applications
- Recordkeeping Requirements
- Internal Controls
- Client Analysis
- Industry Trends
- Production Goals
- Operational Efficiency
- Software Applications
- Customer Needs Assessments
- Book of Business Management
- Vendor Contracts
- Customer Satisfaction
Timeline
Mortgage QC Underwriting Analyst
Pentagon Federal Credit Union
09.2021 - 11.2022
Senior Consumer Loan Analyst
Pentagon Federal Credit Union
11.2018 - 09.2021
Business Analyst
Freddie Mac
12.2016 - 10.2018
Senior Mortgage Underwriter
Bank of America
01.2006 - 06.2016
Credit/Risk Manager
MBNA AMERICA
01.1995 - 01.2006
Bachelor of Science - Management & Marketing
University of Maryland - Baltimore
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