Tolu Adebanjo
Little Elm,TX
Summary
Multi-talented loan processing professional versed in customer service and bank standards. Excellent communicator and decision-maker with a strong eye for detail and a proactive nature.
Overview
8
8
years of professional experience
Work History
Loan Processor
Creosus Inc
Dallas, TX
12.2022 - Current
- Created and completed loan submission packages.
- Reviewed and verified borrowers' income, credit reports and property appraisals to prepare documents for underwriting.
- Communicated with customers in person and via telephone to answer questions, process transactions and resolve issues.
- Filed completed packages quickly and efficiently.
- Reviewed initial client documentation to structure and submit loan package.
- Supported loan officiant and underwriter teams by ensuring timely, judicious and accurate loan processing.
- Managed conditions sent from underwriting departments.
- Calculated income, assets and liabilities to meet lender requirements.
- Organized loan files, updated databases, prepared general correspondence and communicated with stakeholders.
- Maintained complete confidentiality of submitted information according to release guidelines.
- Maintained fast-paced schedule by consistently providing satisfactory application approval turnaround times.
- Completed closing process by collaborating with attorneys, title companies and government clerks.
- Discussed loan needs and financial histories with clients and conveyed information regarding application processes.
- Interfaced with borrowers to obtain needed items and prepare applications for underwriting review.
- Evaluated financial statements and contacted institutions and customers to clarify details.
- Developed relationships with clients, real estate agents, lenders, title companies and attorneys throughout closing process.
- Updated customers regularly on status of their loans throughout the processing period.
- Communicated with customers via telephone or email to obtain additional documentation required for loan processing.
Loan Processor/Underwriter
Promontory MortgagePath
Sainsbury, CT
02.2019 - 11.2022
- Reviewed and verified borrowers' income, credit reports and property appraisals to prepare documents for underwriting.
- Created and completed loan submission packages.
- Communicated with customers in person and via telephone to answer questions, process transactions and resolve issues.
- Filed completed packages quickly and efficiently.
- Reviewed initial client documentation to structure and submit loan package.
- Supported loan officiant and underwriter teams by ensuring timely, judicious and accurate loan processing.
- Prepared memos and other correspondence to communicate changes in rates or benefits.
- Negotiated coverage, policy pricing and service delivery during meetings with customers, agents or brokers.
- Followed underwriting guidelines in developing rates for new and renewal groups.
- Utilized diverse data tools and processes to analyze, interpret and manage data.
- Inspected financial statements, credit information and title data to complete underwriting process.
- Underwrote renewals by reviewing premium history, claims history and company financial condition to determine action.
- Utilized underwriter authority to correspond with corporate risk appetite and strategy.
- Collaborated with underwriters to develop customized loan solutions.
- Conducted ongoing market research to identify new lending opportunities.
- Trained junior staff members on company policies and procedures.
- Set up debt payment plans based on client credit, income and assets.
- Assessed client creditworthiness and recommended loan options.
- Reviewed and updated credit files in accordance with lender guidelines.
- Developed marketing strategies to attract qualified borrowers consistently.
- Monitored economic trends impacting the mortgage industry regularly.
- Reviewed loan agreements to verify completeness and accuracy according to applicable policies.
- Ensured compliance with all federal, state, and industry regulations.
- Reviewed client documentation and contracts for discrepancies and mistakes.
- Conducted comprehensive financial analysis for loan underwriting process.
Loan Processor
Amerisave Mortgage
Plano, TX
02.2016 - 12.2018
- Communicated with customers in person and via telephone to answer questions, process transactions and resolve issues.
- Filed completed packages quickly and efficiently.
- Organized loan files, updated databases, prepared general correspondence and communicated with stakeholders.
- Developed relationships with clients, real estate agents, lenders, title companies and attorneys throughout closing process.
- Updated customers regularly on status of their loans throughout the processing period.
- Maintained fast-paced schedule by consistently providing satisfactory application approval turnaround times.
- Completed closing process by collaborating with attorneys, title companies and government clerks.
- Discussed loan needs and financial histories with clients and conveyed information regarding application processes.
- Evaluated financial statements and contacted institutions and customers to clarify details.
- Interviewed applicants to identify needs and evaluate eligibility for loans or mortgages.
- Compiled closing packages containing all necessary documents required for funding.
- Researched escalated problems related to loan processing activities.
- Provided excellent customer service while responding promptly to inquiries from applicants, lenders and brokers.
- Monitored progress of each loan application from start to finish ensuring timely completion.
- Verified accuracy of closing figures prior to disbursement of funds.
- Adhered strictly to company policies when completing tasks associated with loan processing duties.
- Reviewed appraisals to ensure accuracy of value estimates.
- Analyzed loan applications and supporting documents to determine eligibility for approval.
- Submitted loan applications to underwriting department for review and approval process.
- Performed detailed calculations to verify income, assets, liabilities and other data provided by applicants.
- Prepared loan documents including promissory notes, deeds of trust, mortgage insurance policies and truth-in-lending statements.
- Assisted borrowers with questions regarding their loans after closing.
- Trained junior staff members on company policies and procedures.
- Maintained knowledge of various loan products offered by lenders.
Education
Bachelor of Arts - Law
Lagos State University
11-2000
GED -
Saint Louis Grammar School
11-1994
Skills
- Regulatory Compliance
- Property Inspection Requirements
- Teamwork and Collaboration
- Title Research
- Document Management
- Employment Verification
- Loan Servicing
- Loan Closing
- Mortgage Loan Software
- Customer Service
- Credit Reports
- Dedicated Work Ethic
- Gathering appraisals
- Loan Underwriting
- Loan Submissions
- Data Entry
- Credit and collections
Timeline
Loan Processor
Creosus Inc
12.2022 - Current
Loan Processor/Underwriter
Promontory MortgagePath
02.2019 - 11.2022
Loan Processor
Amerisave Mortgage
02.2016 - 12.2018
Bachelor of Arts - Law
Lagos State University
GED -
Saint Louis Grammar School