Philip Odoemena
McKinney,TX
Summary
Collectively, 20 plus years of underwriting complex financial transactions at Fannie Mae Corporation, GMAC Mortgage, and Kingsway Medical Systems.
Took charge and implemented secured online payment methods. Effectively reduced chargeback risk factors.
Reviewed and analyzed credit for loan approval and quality assurance.
Engaged in critical analysis of problem-solving teamwork. Experienced in writing appeals/reports to senior managers for loan approval/denials.
Experienced with EOBS and Mortgage underwriting guidelines.
Experience in assessing credit viability for potential borrowers.
Posse excellent organizational and critical thinking skills.
Effective at keeping customer loans in line with bank and legal guidelines through systematic assessments of property values and borrower histories.
Prudent Credit Risk Analyst Officer: Successfully implemented the framework by identifying, assessing, and managing credit and investment transactions to safeguard assets and minimize potential losses.
Possess a thorough knowledge of structured financial products, risk pricing, and equity investments.
Proven skills and experience in credit risk assessment.
Overview
23
23
years of professional experience
Work History
Credit Risk Manager
Kingsway Medical Systems
Richardson, TX
01.2015 - Current
- Evaluated clients' credit data and financial statements to determine the degree of risk involved in lending.
- Structured complex transactions and negotiated complex credit documentation to mitigate risk.
- Reviewed credit risk and reward strategy and provided recommendations to optimize risk-return characteristics.
- Took charge of implementing secured online payment methods and effectively reducing chargeback risk.
- Prepared monthly and quarterly financial reports and coordinated and conducted meetings with the firm's credit committee.
- Analyzed clients' financial status and credit and offered solutions to financially stressed firms.
- Obtained and reviewed credit reports, credit references, credit insurance, and financial statements to establish credit limits for new accounts.
- Obtained and interpreted financial statements to assist in credit limit reviews.
- Devised collection recovery strategies to resolve customer issues and delinquent cases.
- Performed semi-annual account credit limit reviews and credit increase review requests from financial service and sales teams.
- Checked appraisals, title information, and insurance documents for each property.
- Recommended approval or disapproval of commercial, real estate, or credit loans.
- Participated in strategic projects to support business goals.
- Developed and maintained a deep understanding of the industry and assigned a deep understanding of the industry and assigned a portfolio of clients to assess risk solutions.
- Adhered to banking standards and government lending guidelines for loan services
- Developed and maintained deep understanding of industry and assigned portfolio of clients to assess risk solutions
Underwriting Consultant
Fannie Mae Corporation
Dallas, TX
03.2004 - 07.2015
- Independently underwritten complex transactions, trained, mentored, and coached less experienced underwriters
- Mortgage banking activities, entries, statements, and balancing of revenues
- Underwritten loan files based on Fannie Mae's underwriting guidelines
- Approved/declined loan files based on data/information on loan files
- Verified borrower information (employment financial) for accuracy
- Reviewed and identified loans with significant derogatory findings Consultations with lenders in the areas of underwriting and quality control
- Prepared operational and repurchases reports for senior management
- Prepared and presented loan and financial statements for departmental reviews
- Monitored underwriting teams' performance and provided mentoring to achieve personal and department production goals.
- Supported review, acceptance or denial of new or renewal business after carefully reviewing all information.
Loan Originator
GMAC Mortgage
Irving, TX
01.2000 - 01.2004
- Presentation of mortgage loan programs to homebuyers
- Product presentation to builders, closing agents, and title companies
- Analyses of creditworthiness and repayment abilities
- Identifies potential clientele by way of cold calls
- Applied company guidelines to pre-qualify potential home buyers
- Collected information from banks, institutions, and employers to assess applicant eligibility.
- Resolved discrepancies between borrowers, lenders, and financial institutions with detailed orientation and efficiency.
Education
Doctor of Healthcare Administration-DHA - Healthcare Leadership
The Virginia University of Lynchburg
Lynchburg, VA08.2022
Master of Business Administration - Finance
Prairie View A & M University
Prairie View, TX1985
Bachelor's Degree - Economics
Concordia University
Montreal, Canada1982
Skills
- Acquired foundational knowledge of teaching Ability to design course syllabus and develop university-level courses that specify learning objectives, activities, assessments, and strategies for engaging and motivating students
- Strategic Risk & Financial Reporting Analytical skill
- Microsoft Excel, Word, PowerPoint, Outlook, Access, QuickBooks
- Business Analysis Knowledge: Skilled in working in a fast-paced environment with strong analytical and critical thinking skills Great leadership skills
- Customer Service: Skilled in communicating with all levels of management and internal and external customers
- Ability to work well as a member of a team or independently
- Business Communication & Customer Service Skill: Skilled in communicating with technical and business constituencies in writing functional business specifications and requirements
- Communication skills with all levels of management and internal and external customers
Timeline
Credit Risk Manager
Kingsway Medical Systems
01.2015 - Current
Underwriting Consultant
Fannie Mae Corporation
03.2004 - 07.2015
Loan Originator
GMAC Mortgage
01.2000 - 01.2004
Doctor of Healthcare Administration-DHA - Healthcare Leadership
The Virginia University of Lynchburg
Master of Business Administration - Finance
Prairie View A & M University
Bachelor's Degree - Economics
Concordia University
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