Tonya V. Terrell-Westray
Department of Housing and Urban Development
40
years of professional experience
Accomplished Account Executive with over 25 years of experience in Multifamily Housing Asset Management.
Thorough team contributor with strong organizational capabilities. Experienced in handling numerous projects at once while ensuring accuracy. Effective at prioritizing tasks and meeting deadlines.
Work History
Account Executive, Multifamily Asset Management
26 Years 8 Months- Responsible for the oversight of approximately $350,000,000 worth of federal insured multifamily loans.
- Coordinate with appraisers, underwriters, and legal counsel to assure that all documents have been properly executed and ready for closing within the timeframe.
- Review mortgage documents, Deed of Trust Notes, Regulatory Agreements, Use Agreements, Riders, and Addendums to determine eligibility for prepayment mortgage.
- Review closing documentation for Transfer of Physical Assets ad Refinances for completeness and accuracy before submission to legal counsel for final approval.
- Conduct concept meetings to discuss owners' plans for purchasing or refinancing multifamily properties and the types of financing available.
- Conduct pre-closing meetings with stakeholders to discuss the Department's expectations of the owners and Management Agents.
- Review Firm Commitment Applications before submission to Production.
- Review Capital need assessments, financial documents for budget base rent increases from Owners of Multifamily properties.
- Knowledge of Section 8 assistance, Section 202 and Section 236 loans.
- Process Section 8 contract renewals
- Work close with Public Housing to request Housing Choice Vouchers (HCV)
- Review Owner's Certification of Compliance (FORM HUD 50059) for completeness
- Evaluate capabilities of prospective Management Agents and Owners.
- Analyze financial statements and project operations to determine current financial strengths and weaknesses, and to identify adequacy of reserves.
- Review and evaluate multi-family property owners to determine and ensure compliance with Department and other federal, state and local regulations, requirements, status and polices.
- Monitor and review physical inspection of properties and request corrective action where necessary.
- Analyze current operating expenses and financial data to form the basis of approval or denial of rent increases, refinancing and loan mortgage modifications.
- Negotiate with owners in agreements and arrangements for maintaining viability of troubled properties.
- Review and analyze monthly financial data for troubled projects to ensure compliance with agreements.
- Work with management agent and owner in resolving tenants' concerns.
Housing Program Specialist, Single Family Asset Management
7 Years- Conduct meetings with homeowners through the Assignment Program that faced foreclosure.
- Trained industry in homeownership and foreclosure prevention.
- Monitored Housing Counseling Agencies as the Government Technical Representative.
- Review grants and implemented funding through the Notice of Funding Availability.
- Assisted with bid opening, reviewed contracts and performed housing inspections.
- Assigned appraisals to contractors, released payment to the contractors through the LOCCS system.
- Established Forbearance Agreements.
- Serviced loans in the Secretary-Held Mortgagor Portfolio
Clerk Typist/Receptionist/Secretary
6 Years- Responsible for typing letters, answering phone, taking messages, filing, data entry and office mail.
- Responsible for receiving all visitors
- Timekeeper
- Maintained conference and interview rooms
- Mailed apartment listings
Education
Vocational High School
- Clerical
- Certified Addictions Counselor
- Biblical Studies
Skills
Windows
Analyzing data
Customer Service
Teamwork and collaboration
Multitasking
Time management
Related Training
- Financial Assessment Sub-System (FASS)
- Integrated Real Estate Management System (iREMS)
Timeline
Account Executive, Multifamily Asset Management
Department of Housing and Urban Development
01.1999 - 09.2025Read More
Housing Program Specialist, Single Family Asset Management
Department of Housing and Urban Development
01.1992 - 01.1999Read More
Clerk Typist/Receptionist/Secretary
Department of Housing and Urban Development
01.1986 - 01.1992Read More
Maple Springs Baptist Bible College
Read More
Calvary Bible Institute
from Biblical Studies
Read More
Training and Consulting Services
from Certified Addictions Counselor
Read More
The Smith Business School
from Clerical
Read More
Burdick
Vocational High School
Read More