Tanesha Clark

• Responsible for the review of Foreclosure, Post Sale FHA, REO and Deed In Lieu title reports for clouds on title and possible claims issues
• Communicating with clients, borrowers, internal staff, and outside agencies to resolve title clearance issues in a timely manner, consistent with company-defined standards
• Reviewing and manage daily pipeline reports
• Reviewing work in progress reports to ensure completion
• Take necessary steps to cure title clearance items per clearance guidelines
• Maintain open communication with team and managers
• Update processes and stay abreast of changes to mortgage laws and regulations affecting the operation.
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• Obtains clear title by ordering title reports; resolving title defects; satisfying existing liens and encumbrances against property or principals.
• Request and review title work to ensure the property is free and clear of all liens and judgments prior to conveyance. If applicable provide documentation to the firm to begin the manufactured home de-title process.
• Request property preservation maintenance and inspections per investor guidelines.
• Review repair bids and approve any work needed for conveyance.
• Review all inspection and preservation work orders to confirm the property is ready to convey.
• Serve as a Subject Matter Expert for policy procedure or regulatory changes.
• Contact code enforcement to resolve and clear code violations.
• Request hazard claims for properties that have incurred damages.
• Activate utilities as needed to preserve the property.
• Review HUD demand letters and attempt to remedy any loss for the company.
• Receive and credit claim funds to appropriate loans and provide cash posting instructions.
• Reconcile funds received from FHA, VA, USDA, MI and private investors.
• Review and research data relating to post-foreclosure audits from investors and insurers.
• Reconcile and review for approval the billing for title, claims, and property preservation departments.

Monitor property preservation inspections and reports pertaining to securing and property repairs. Review, reconcile, and monitor reports for vacancy, disaster areas, code violations, high risk areas etc. Ensure all properties meet the investor and/or HUD guidelines prior to claim filing. Provide a hands-on approach as it relates to internal processes and vendor management. Stay abreast of changes to federal/state/local mortgage laws and regulations that effect current policies. Stay current on market conditions and advise management of trends, etc. Ensure that internal reporting is accurate and received timely for team distribution. Provide recommendations for procedural changes and improvements as they pertain to the department

• Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
• Approved or denied loans based on established criteria and underwriting guidelines.
• Analyzed and verified applicant income, assets and credit history to support compliance with underwriting guidelines.
• Maintained mortgage program compliance with federal agencies for conventional loans.
• Balanced risk against profitability to make optimal business decisions and guided junior team members in making similar critical decisions.
• Evaluated performance of less experienced underwriters and helped improve overall work quality by implementing improvement plans.
• Developed and maintained relationships with investors to drive compliance with guidelines.
• Negotiated and communicated with loan officers, processors and loan applicants to reach satisfactory loan terms.

• Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
• Approved or denied loans based on established criteria and underwriting guidelines.
• Analyzed and verified applicant income, assets and credit history to support compliance with underwriting guidelines.
• Maintained mortgage program compliance with federal agencies for conventional loans.
• Balanced risk against profitability to make optimal business decisions and guided junior team members in making similar critical decisions.
• Negotiated and communicated with loan officers, processors and loan applicants to reach satisfactory loan terms.

Served as Senior Auditor from 2003-2006 while employed at Flagstar Bank. My primary responsibilities were to remedy investor repurchase requests pertaining to income, asset, collateral, and credit discrepancies. I also performed due diligence audits on denied and approved loans prior to loan funding or being sold to an investor. Reviewed non-compliant issues and provided training to the underwriting team as needed.

As a front-line underwriter from 1995-2003 my responsibilities included reviewing and analyzing income, asset, credit, title, and legal documents and making a final determination on loan approvals/denials while ensuring compliance with lender and investor requirements. I worked with team members to identify potential solutions or alternatives for complex and denied loan applications. Reviewed appraisals and if needed discussed with the appraiser their work to ensure the collateral value is reasonable. Determined maximum financing limits when evaluating existing or new home equity loan requests. Proficiently used the automated underwriting systems to augment the risk analysis process. Also reviewed loans that did not fit within the guidelines of automated underwriting and needed to be manually underwritten. Analyzed condo and PUD eligibility requirements to ensure projects were compliant with lender and investor warranties. Authorized underwriting signing authority of $550,000.00.