Wendy Mehl
Loan Specialist
Dover,DE
Summary
Accomplished Real Estate Mortgage Loan Specialist with 5 years of experience at the United States Department of Agriculture (USDA). Dedicated to delivering superb customer service and assistance to clients throughout the mortgage loan origination, underwriting, and escrow closing process for low-income families seeking to purchase, build, or repair single-family residences. Proficient in credit analysis, adept at underwriting, originating, and closing real estate loans. With a total of 34 years in the financial industry, including expertise in residential and commercial real estate loan operations, retail banking branch sales/service, and branch management. Known for fostering strong customer relationships through exceptional service delivery.
Overview
35
35
years of professional experience
Work History
Real Estate Loan Specialist
USDA- Rural Development
12.2023 - 04.2025
- Analyzed customers' financial data prior to granting loans based on customer credit worthiness.
- Assisted clients with improving financial health by counseling on issues such as excessive spending and borrowing.
- Streamlined documentation and verification procedures.
- Effectively managed time and resources to maintain a high level of productivity while ensuring attention to detail in every aspect of the loan process..
- Assessed loan portfolios for compliance with underwriting policies.
- Compiled closing packages for real estate closings.
- Strong knowledge of escrow procedures, title documentation, and settlement statements
- Familiarity with TRID, RESPA, and other applicable mortgage regulations
- Excellent interpersonal communication skills both inside and outside the company.
- Ability to work after hours, especially during peak periods.
- Serve as a liaison between lenders, title/escrow companies, real estate agents, and borrowers.
- Prepare closing documents for USDA. Review closing documents for errors.
- Ensure loans are fully compliant meeting state and federal guidelines.
- Prepare and send Initial Closing Disclosures and any change of circumstances if applicable.
- Obtain and calculate property tax information and verify accuracy with title company, and/or tax collector.
- Review hazard insurance policies and premiums ensuring sufficient insurance in place at closing and ample amounts collected for next due.
- Update and Balance Final Closing Disclosure, review for accuracy.
- Collect and review any “at closing conditions”, review settlement statement to ensure all fees have been collected/disbursed, request funding and disbursement of funds.
- Communicate closely with processing, sales and title companies to ensure a smooth closing process.
- Monitor closings and solve any problems that may arise.
- Assist post-closing department to obtain any outstanding documentation, as needed.
Real Estate Loan Technician
USDA-Rural Development
12.2020 - 12.2023
- Analyze credit reports, earnings, financial statements, tax returns, judgment inquiries, etc. which aide in determining maximum loan eligibility if approved.
- Prepare Letter 12 Notice of Approval and Certificate of Eligibility.
- Review single-family housing Ratified Contracts as we;; as Construction financing contracts-data entry, approval, draw check processing.
- Prepare Closing disclosures and closing documents for attorneys and Loan Approval Official on both mortgage and home repair loans.
- Schedule closings and submit closing documents to Real Estate attorney. Once closing concludes, a thorough check of required signatures before successfully routing to Customer Service Center.
- Prepare additional verifications for Section 504 Home Repair Loan/Grant program such as 1970-B Environmental forms, Lead Based Paint Compliance Key, Address verifications, Flood Certificates, property assessments. etc.
- Prepare mortgage releases and Assumption agreements.
- Responsible for contacting applicants to obtain outstanding documentation to deem the application complete and move forward to process. Issue HB-11 letters.
Education
Music Performance
Louisiana State University
Baton Rouge, LASkills
- 34 years Combined Retail and Commercial banking experience
- (1989-2012) Retail/Commercial banking experience as Teller, Personal Banker, Commercial Real Estate Loan Assistant, Assistant Manager and Branch Banking Manager
- (2012-2014) Coldwell Banker Residential Mortgage Real Estate Loan Processor
- (2014-2017) Commercial real estate loan assistant
- (2017-2020) Personal Banker/Senior Loan Specialist Special Assets & Collections
- (2020-2025) Real Estate Mortgage Loan Technician and Specialist
Awards
USDA Extra Effort Award – September 2022
<Enter your own>
Community Service
June 1, 2023: Self Help Build Day-Milford Housing Development Corporation, July 17, 2023: Mission Operational Records Project: Hagerstown, MD, July 27, 2023: 2023 Delaware State Fair Volunteer, August 25, 2023: HUD House Party at Delaware State University - Partner Information & Logistics
Timeline
Real Estate Loan Specialist
USDA- Rural Development
12.2023 - 04.2025
Real Estate Loan Technician
USDA-Rural Development
12.2020 - 12.2023
Music Performance
Louisiana State University
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