Rhea VEGA
Plainfield,IL
Summary
Exceptionally organized, procedural and characterized as being versatile, dependable, and driven by a willingness to learn and tackle new assignments; highly motivated individual that can work alone or thrive in team settings. Open to learn new things and experience new challenges.
Overview
19
19
years of professional experience
Work History
Loan Processor
Moder Solutions LLC
03.2024 - Current
- Ensured accuracy of borrower information, verifying data collected during the application process and updating records as needed.
- Assisted borrower in understanding complex financial documents required for completing their loan applications successfully and providing thorough explanations of loan processes.
- Reviewed loan files for completeness, identified missing documentation, and generated condition lists for applicants.
- Handled any conditions sent from underwriting departments.
- Prepared documents for underwriting by verifying client income, credit reports, and other information.
- Collaborated with other departments including sales, underwriting, legal teams for seamless coordination during the entire loan cycle process.
- Utilized loan origination software to process and track loan applications.
- Researched and updated industry knowledge on changing legislation and regulations.
- Prepared comprehensive reports to management detailing key performance indicators related to loans processed, approved, denied, or withdrawn.
- Monitor daily workflow to ensure all loans are being worked on within the company’s timeline expectation.
Loan Processor II
Movement Mortgage
05.2016 - 11.2023
- Managed large loan pipeline with duties to include communication from borrower/sales team to underwriters, ordering and reviewing title work, mortgage insurance, IRS transcript, credit supplement, flood certificate, data verify, verification of employment and borrower income
- Responsible for reviewing underwriting conditions, ensuring that all documents is completely verified and complies with company policy such as credit, income, assets, title, and collateral and obtain final approval signed off by underwriting team
- Processing purchase/refinance loans such as CONV, FHA, VA, USDA, and FL Bond loans (Hometown Heroes)
- Resolve all loan level file submissions and keeping management informed of activities and significant problems.
Home Preservation Specialist
Wells Fargo Mortgage
05.2015 - 05.2016
- Responsible for analyzing borrower’s financial situation and making recommendations on loan modifications/workout options to resolve delinquency
- Communicate with borrowers and/or agencies of loan modification decision, current status, options, timelines, coordination touch points, and borrower obligations through process
- Identify, maintain, track and log requested documentation for loan modification review
- Handles VA, FHA, Bank and Private, FHLMC and FNMA and Wells Owned Investor, SCRA and Oregon Specialty Loans.
Mortgage Loan Originator
PNC Mortgage
12.2014 - 03.2015
- Analyzed applicant financial data to determine eligibility for various loan products, tailoring recommendations based on individual needs.
- Handles existing and new PNC Mortgage customer to offer home financing solutions for their purchase and refinance (Conventional, FHA, VA, FNMA & FHLMC)
- Obtain information for loan applications and to answer questions about process
- Analyze applicants’ financial status, credit and property evaluations to determine feasibility of granting loans
- Obtain and compile copies of loan applicants’ credit histories and financial information and submit to credit analysts for verification and recommendation.
Home Preservation Specialist
Wells Fargo Mortgage
01.2010 - 05.2013
- Responsible (FHLMC) for reviewing, analyzing, approving, and underwriting unusual or complex individual consumer mortgage request and products within company and industry guidelines
- Responsible for reviewing hardship packages, determining length and impact of financial hardship, conducting loan level cash flows for borrower to determine affordability, including self-employed and wage earner borrowers
- Participate in a Home Preservation Event, which face to face borrowers and conduct a resolution.
Senior Servicing Specialist
Bank of America Home Loans
01.2006 - 12.2009
- Handling escalation issues from management needs immediate resolution
- Answering mortgagors and third-party telephone inquiries regarding real estate loans in inbound/outbound high volume call center
- Collecting mortgage payments, outstanding fees and corporate advances
- Assisting homeowners in maintaining their home by arranging alternative solution including repayment plan or long-term modification.
Education
Associate of Science - Computer And Information Sciences
System Technology Institute College
Timeline
Loan Processor
Moder Solutions LLC
03.2024 - Current
Loan Processor II
Movement Mortgage
05.2016 - 11.2023
Home Preservation Specialist
Wells Fargo Mortgage
05.2015 - 05.2016
Mortgage Loan Originator
PNC Mortgage
12.2014 - 03.2015
Home Preservation Specialist
Wells Fargo Mortgage
01.2010 - 05.2013
Senior Servicing Specialist
Bank of America Home Loans
01.2006 - 12.2009
Associate of Science - Computer And Information Sciences
System Technology Institute College
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