Stacey Stephens
Chino,CA
Summary
Attentive Loan Specialist/Reviewer with background in assessing credit history data and finding appropriate solutions perfect for customer needs. Ready for new position where loan evaluation background can be best utilized. Highly knowledgeable and personable Reviewer who has excellent interpersonal skills and the ability to effectively communicate with clients for mortgage, commercial, consumer, C & I and SBA loan origination. Excellent customer-service approach and good attention to detail. Excellent analytical and problem-solving abilities. Good interpersonal and oral communication skills. Solid understanding of Home Preservation. Provides answers and follow-up. Strong issues identification and the ability to arrive at and provide solution strategies. Experienced and hardworking, attentive nature. Competent in digging into large amounts of data to assess structures and practices. Attentive Loan Specialist with background in assessing credit history data and finding appropriate solutions perfect for customer needs. Ready for new position where loan evaluation background can be best utilized.
Overview
19
19
years of professional experience
1
1
Certification
Work History
Remote Loan Specialist/Document Reviewer
Knight Capital Funding/lBusiness-Contract
Fort Lauderdale , FL
2023.01 - 2023.12
- Experience in drawing loan documents for Commercial Real Estate, SBA 7 A, disaster, 504, extensions, and renewals
- Conduct loan file transaction testing to determine regulatory credit risk grades
- Evaluate loan grading
- Assess loan grading accuracy
- Lines of Credit, and Commercial Industrial Loans
- Background in a Doc System, Ex: laser pro, Medici, CLSA, Salesforce, Nortridge, and DocuSign
- Follow approvals, and prepare checklists
- Obtain and review all necessary loan information to prepare appropriate loan documents, including credit approvals, borrowing authority documentation, collateral information, request for demand and any additional information as needed to perfect the banks position and reflect the terms of the credit approval
- Take appropriate action on any issues that arise to meet the requested document due date
- Prepare loan documents based on knowledge of loan type and of bank and department policies and procedures
- Ensure compliance with all federal and state laws and regulations
- Determine whether standard language can be used or if assistance from the Legal department is required for the preparation of Supplemental Term Letters and Credit agreements
- Audit loan documents (prior to execution by borrower) for adequacy and determine missing, incomplete, or incorrect information required by the bank
- Follow federal and State regulations to maintain quality controls
- Identify, follow up, and/or escalate exceptions, conditionals to loan administration manager, Credit manager, and or Credit team leader, underwriter, or administrative manager, as appropriate
- Verify that the documents have been returned, signed, dated, and initiated properly
- Ensure that any missing or altered documents are listed on the waiver report, and that proper approval for boarding with deficiencies has been obtained
- Follow up on missing documents
- Obtain necessary waivers before boarding a loan with exceptions
- Obtain insurance documentation for new loans when required
- Ensure that insurance coverage complies with established Bank standards
- Set up and ensure that all shadow legal files are kept current and in accordance with filing standards and naming convention
- Ensure all files are tracked and recorded/maintained in the tracking system
- Ensure requests for loan servicing/maintenance are processed in a timely manner (e.g., pay downs, advances)
- Provide on-going support for compliance with all applicable laws, regulations, and administrative duties
- Perform loan closure process, follow up on monthly documentation and servicing reports in a timely manner.
Senior Processor/Audit Reviewer
Luther Burbank Savings
Irvine , CA
2022.07 - 2022.12
- Audit loan documents (prior to execution by borrower) for adequacy and determine missing, incomplete, or incorrect information required by the bank
- Conduct loan file transaction testing to determine regulatory credit risk grades
- Evaluate loan grading
- Assess loan grading accuracy
- Follow federal and State regulations to maintain quality controls
- Obtain and review all necessary loan information to prepare appropriate loan documents, including credit approvals, UCC-1 , borrowing authority documentation, collateral information, request for demand and any additional information as needed to perfect the banks position and reflect the terms of the credit approval
- Take appropriate action on any issues that arise to meet the requested document due date
- Prepare loan documents based on knowledge of loan type and of bank and department policies and procedures
- Ensure compliance with all federal and state laws and regulations
- Determine whether standard language can be used or if assistance from the Legal department is required for the preparation of Supplemental Term Letters and Credit agreements
- Audit loan documents (prior to execution by borrower) for adequacy and determine missing, incomplete, or incorrect information required by the bank, Federal and State
- Follow regulations to maintain quality controls
- Prepare loan write ups( Credit Memos)
- Review files to determine credit worthiness, analyzing repayment ability
- Identify, follow up, and/or escalate exceptions, and conditionals to Loan Administration manager, Credit manager, Credit team leader, underwriter, and or administrative manager, as appropriate
- Verify that the documents have been returned, signed, dated, and initiated properly
- Ensure that any missing or altered documents are listed on the waiver report, and that proper approval for boarding with deficiencies has been obtained
- Follow up on missing documents
- Obtain necessary waivers before boarding a loan with exceptions
- Obtain insurance documentation for new loans when required
- Ensure that insurance coverage complies with established Bank standards
- Set up and ensure that all shadow legal files are kept current and in accordance with filing standards and naming convention
- Ensure all files are tracked and recorded/maintained in the tracking system
- Ensure requests for loan servicing/maintenance are processed in a timely manner (e.g., pay downs, advances)
- Provides on-going support for compliance with all applicable laws, regulations, and administrative duties
- Perform loan closure process, follow up on monthly documentation and servicing reports in a timely manner.
Loan Documentation/Senior Servicing Specialist
Lendistry
Los Angeles , CA
2020.02 - 2021.06
- Obtain and review all necessary loan information to prepare appropriate loan documents, including credit approvals, UCC-1 , borrowing authority documentation, collateral information, request for demand and any additional information as needed to perfect the bank's position and reflect the terms of the credit approval
- Take appropriate action on any issues that arise to meet the requested document due date
- Prepare loan documents based on knowledge of loan type and of bank and department policies and procedures
- Ensure compliance with all federal and state laws and regulations
- Determine whether standard language can be used or if assistance from the Legal department is required for the preparation of Supplemental Term Letters and Credit agreements
- Audit loan documents (prior to execution by borrower) for adequacy and determine missing, incomplete, or incorrect information required by the bank, Federal and State
- Follow regulations to maintain quality controls
- Identify, follow up, and/or escalate exceptions, and conditionals to Loan Administration manager, Credit manager, Credit team leader, underwriter, and or administrative manager, as appropriate
- Verify that the documents have been returned, signed, dated, and initiated properly
- Ensure that any missing or altered documents are listed on the waiver report, and that proper approval for boarding with deficiencies has been obtained
- Follow up on missing documents
- Obtain necessary waivers before boarding a loan with exceptions
- Obtain insurance documentation for new loans when required
- Ensure that insurance coverage complies with established Bank standards
- Set up and ensure that all shadow legal files are kept current and in accordance with filing standards and naming convention
- Ensure all files are tracked and recorded/maintained in the tracking system
- Ensure requests for loan servicing/maintenance are processed in a timely manner (e.g., pay downs, advances)
- Provides on-going support for compliance with all applicable laws, regulations, and administrative duties
- Perform loan closure process, follow up on monthly documentation and servicing reports in a timely manner.
GS-11/12 Loan Specialist
Small Business Administration
Santa Ana , CA
2005.06 - 2017.05
- Negotiated, facilitated, and managed Commercial loan processing, (504, Disaster, 7 A, single family resident, Machinery and Equipment, and Personal Property lending
- Worked directly with the appropriate party/parties to receive all client checklist items in a timely manner
- Conduct loan file transaction testing to determine regulatory credit risk grades
- Evaluate loan grading
- Assess loan grading accuracy
- Utilize staff assistants for credit searches ( ex: Experian, Trans union, CAIVRS)
- Maintain accurate and complete loan files throughout loan process
- Proactively work on loan files to ensure that all applicable escrow deadlines are met, and that loan file is funded quickly post SBA approval
- Input required data into a database for all loan files
- Generate SBA forms/327 actions as applicable to loan file and loan program
- Update database with any changes as they occur throughout the loan process
- Communicate both verbally and via email with borrowers, lenders, brokers, attorneys, and internal staff as necessary to move loan file through process in a timely manner
- Submit completed loan file to SBA supervisory loan specialist and or legal for approval
- Coordinate necessary responses to SBA screen outs and declines
- Ensure receipt of signed authorization from SBA
- Provide copy of SBA signed authorization to appropriate party/parties.
- Reported issues in a timely manner with accurate descriptions and steps to reproduce them.
- Reviewed, verified, and processed loan documents to ensure accuracy and compliance with company policy.
- Maintained accurate records of loans processed including tracking data entry errors.
- Provided customer service and support to borrowers throughout the loan process from application to closing.
- Analyzed capacity, credit, cash and collateral to determine loan approval, counteroffer or denial.
- Identified potential fraud by analyzing data for any irregularities or discrepancies.
- Prepared detailed reports outlining all pertinent case information used in making decisions regarding payment of benefits.
Education
High School Graduate -
Walnut High School
06.1999
Accounting and International Business -
Citrus Community College
Skills
- Interacted with customers
- Performed extensive research
- Acquired required documents
- Coordinated with buyers
- Obtained personal and financial data
- Managed and tracked status
- Verified loan applications
- Collected closing figures
- Established strong relationships
- Prepared final loan documents
- Scheduled, facilitated
- Checked for liens against property
- Notified applicants of loan decisions
- Scanned loan documents
- Ordered insurance policies
- Reviewed loan files
- Checked credit history
- Balance sheets
- Report Writing
- Risk mitigation strategies
- SOP Adherence
- Deficiency documentation
- Compliance standards
References
References Available Upon Request
Certification
- BSA/Anti-Money Laundering (AML) Examinations.…
- BSA & Related Regulations. The Bank Secrecy Act (BSA)
- BSA Law Enforcement Tools and Resources. In addition to utilizing information filed by …
- BSA/AML Bulletins, Financial Crimes Enforcement Network (FinCEN) Advisories, & Related
Timeline
Remote Loan Specialist/Document Reviewer
Knight Capital Funding/lBusiness-Contract
2023.01 - 2023.12
Senior Processor/Audit Reviewer
Luther Burbank Savings
2022.07 - 2022.12
Loan Documentation/Senior Servicing Specialist
Lendistry
2020.02 - 2021.06
GS-11/12 Loan Specialist
Small Business Administration
2005.06 - 2017.05
High School Graduate -
Walnut High School
Accounting and International Business -
Citrus Community College
- BSA/Anti-Money Laundering (AML) Examinations.…
- BSA & Related Regulations. The Bank Secrecy Act (BSA)
- BSA Law Enforcement Tools and Resources. In addition to utilizing information filed by …
- BSA/AML Bulletins, Financial Crimes Enforcement Network (FinCEN) Advisories, & Related
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