Schmicullar Rasco
Dallas,TX
Summary
Proactive and goal-oriented professional with excellent time management and problem-solving skills. Solid background in general ledger accounting, bank account reconciliation, cash application, and mortgage post closing resolution. Proven track record in maintaining accurate financial records and supporting month-end closing processes. Demonstrated proficiency with accounting and banking software. Known for reliability and adaptability, with swift capacity to learn and apply new skills. Committed to leveraging these qualities to drive team success and contribute to organizational growth.
Overview
24
24
years of professional experience
Work History
Banking Officer, Mortgage Operations Analyst
Texas Capital Bank
12.2022 - 10.2024
- Provide operational and administrative services for all Mortgage Finance accounting functions, including daily wire execution for loan fundings, payoff posting, general ledger reconciliations, and compliance with the bank's policies and procedures
- Process daily Warehouse Lending activity in WarehouseNow
- Provide support for Relationship Specialists, Risk Management and external customers related to daily processing of loan payoffs, participations, return wires, curtailments, and investor wire transfers to client DDA in compliance with the bank's policies and procedures, in addition to research for special exceptions and miscellaneous requests or projects
- Assist with monthly reporting of interest and servicing fee due for the bank's Warehouse Lending Participation Program
- Assist with the preparation and delivery of Internal Audit, SOX, and Outside Audit, loan, and system documentation requests
- Assist with monitoring incoming wire transmittals and incoming wire activity report to identify funds that have credited to the WL Accounting GL for return and/or need further research
- Prepare GL reconciliation and research GL outages and system outages
Loan Administration Supervisor- Special Loans
Click n' Close, Inc.
12.2021 - 12.2022
- Responsible for overseeing the daily functions of the Special Loans Products Portfolio including but not limited to Adjustable-Rate Mortgages (ARM), Service Member of Civil Relief Act (SCRA), Buy-down Mortgages, Balloon Loans, Assumptions, Easements, Partial Claims/Partial Releases, Successors in Interest
- Portfolio Loans such as Rosebud DPA, Smartbuy Rosebud Loans, and 184 Tribal Loans
- Lead projects as it relates to process improvements for the Special Loans Department
- Recommend updates to servicing policies and procedures by following various investor and regulatory requirements
- Identify and implement improvements to existing processes
Loan Administration Supervisor- Cash
Click n' Close, Inc.
06.2021 - 12.2021
- Responsible for overseeing accurate and timely required functions within the Cash department including but not limited to the following: posting payments and payoffs to mortgage loan accounts, management of rejected payments, management of return items, management of disbursements, research and resolve complex payment inquiries
- Recommend updates to servicing policies and procedures by following various investor and regulatory requirements
- Identify and implement improvements to existing processes
Senior Servicing Research Analyst Team Lead
Texas Capital Bank
02.2017 - 06.2021
- Provide Correspondent Lending Post Closing Seller Support by resolving and delivering accurate resolve in a timely, positive manner to internal and external clients
- Prioritize and resolve incoming escrow, servicing, and post-purchase payment inquiries requested by lenders and borrowers
- Act as a main point of contact and liaison for customers, clients and TCB sub servicers
- Escalate appropriate inquiries as needed and collaborate internally to resolve inquiries quickly and accurately
- Research loan data, escrow, and closing documents to resolve client inquiries
- Assist with escalated post purchase loan servicing issues and work with internal team members/external clients to identify, track, report and accurately resolve servicing issues
- Notify sub servicer of loan corrections and provide all necessary documentation
- Process incoming borrower payments and funds due TCB post purchase to be sent to subservicer
- Reconcile Service Clearing bank account on a daily and monthly basis
- Review and sign off on reconciliations completed by the mortgage subservicer
- Review and approve Batch Transaction Entries and wires through Fiserv and BankNow
- Provide guidance to other team members
- Assisted with loan service transfers
- Perform other related duties as requested
Escrow Analyst Supervisor
CountryPlace Mortgage
07.2000 - 02.2017
- Responsible for analyzing mortgage escrow accounts monthly/annually over a large portfolio of serviced loans and processing refunds due to the results of the analysis
- Processing of mortgage insurance (MIP) and private mortgage insurance (PMI) premiums for FHA and conventional loans
- Processing of property tax, hazard, wind, hail, and flood insurance premiums
- Reconciling general ledger accounts
- Processing of insurance and property tax refunds
- Assist customers with tax and insurance escrow questions
- Supervise one escrow analyst in training
- Process wire transfers (book, intercompany, & domestic) when needed
- Mortgage payment posting and daily bank deposit when needed
Education
No Degree - Business Management
Southern University At Shreveport
Shreveport, LANo Degree - Office Information Systems Management
University of Louisiana At Monroe
Monroe, LAHigh School Diploma -
Huntington High School
Shreveport05-1992
Skills
- General Ledger Accounting
- Bank Account Reconciliation
- Cash Application
- Mortgage Escrow Analysis
- Banking Software Proficiency
- Verbal and written communication
- Problem-solving skills
- Creative Thinking
- Self-motivated nature
Work Preference
Work Type
Full TimePart TimeWork Location
RemoteHybridOn-SiteImportant To Me
Flexible work hoursCompany CultureWork-life balancePersonal development programsHealthcare benefitsWork from home optionPaid time offPaid sick leave401k matchStock Options / Equity / Profit Sharing4-day work weekTimeline
Banking Officer, Mortgage Operations Analyst
Texas Capital Bank
12.2022 - 10.2024
Loan Administration Supervisor- Special Loans
Click n' Close, Inc.
12.2021 - 12.2022
Loan Administration Supervisor- Cash
Click n' Close, Inc.
06.2021 - 12.2021
Senior Servicing Research Analyst Team Lead
Texas Capital Bank
02.2017 - 06.2021
Escrow Analyst Supervisor
CountryPlace Mortgage
07.2000 - 02.2017
No Degree - Business Management
Southern University At Shreveport
No Degree - Office Information Systems Management
University of Louisiana At Monroe
High School Diploma -
Huntington High School
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