SOMMAY SAYSAVANG
Palmetto,FL
Summary
Talented loan processing with proven track record of providing financial services to clients while managing complex loan transactions. Possesses deep understanding of credit analysis, loan origination and closing. Offers great time management and task prioritization skills.
Overview
22
22
years of professional experience
Work History
Loan Processing Manager
The Mortgage Firm
St. Petersburg , FL
2012.03 - 2023.01
- Provide support to, underwriter and closer by ensuring timely, judicious and accurate processing of mortgages from pre-approval to closing
- Review and verify borrowers' income, credit reports, bank statements, employment histories, property appraisals and title insurance information to prepare loan applications for underwriting submittal along with clearing conditions
- Ensure compliance with company policies, underwriting guidelines and lending-program requirements
- Processed challenging loan applications (e.g., first-time borrowers, self- employed applicants and borrowers with problematic credit histories)
- Proactively identified solutions for customers experiencing credit issues.
- Mortgage industry professional with loan-processing experience and comprehensive knowledge of conventional and government loan programs
- Diligent and detail-oriented thorough in gathering borrower information, verifying loan documents and reviewing file documentation to guide each loan from preapproval to closing
- Evaluated loan requests and documents to verify accuracy and completeness.
- Developed and maintained relationships with customers, lenders and other third parties.
- Analyzed potential risks and evaluated loan products to identify suitable options for customers.
- Conducted industry research to understand economic conditions impacting borrower ability to repay loans.
- Reviewed and approved or denied credit applications to keep organization profitable by making informed lending decisions.
Senior Loan Processor
Bay Lending Corp.
St. Petersburg , FL
2001.01 - 2012.01
- Liaised with credit bureaus, employers and other sources to check applicants' credit and personal references.
- Reviewed and validated details of loan applications and closing documentation.
- Collected and compiled paperwork such as title abstracts, insurance paperwork, loan files and tax histories.
- Facilitated communication with loan applicants, underwriters and loan officers to optimize process and maintain updated information.
- Analyzed creditworthiness of loan applicants and determined credit risk of loan requests.
- Created credit policies, processes and procedures to maintain compliance with banking regulations.
- Reviewed credit reports to comprehensively view borrowers' credit history and identify potential red flags.
- Assessed credit risk and analyzed financial statements.
- Analyzed customer data such as financial statements to determine level of risk involved for extending credit.
- Analyzed credit reports to determine eligibility of applicants and capacity for loan products
- Tracked loan status and updated applicant information to inform lenders of changes to applicants' financial situation
Education
No Degree - Finance
St. Petersburg College
St. Petersburg, FLHigh School Diploma -
DIXIE HOLLINS HIGH SCHOOL
St. Petersburg06.1992
Skills
- Lending Regulations
- Information Verification
- Banking Regulations
- Mortgage Banking and Analysis
- Process Optimization
- Legal Compliance
- Loan Application Processing
- Appraisal Reports
- Property Appraisals
- Mortgage Loan Processing
- Debt Ratios
- Payment Processing
- Loan Approval
- Government Lending
- Microsoft Office
- Credit Application Review
- Analytical and Critical Thinking
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Loan Processing Manager
The Mortgage Firm
2012.03 - 2023.01
Senior Loan Processor
Bay Lending Corp.
2001.01 - 2012.01
No Degree - Finance
St. Petersburg College
High School Diploma -
DIXIE HOLLINS HIGH SCHOOL
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