Xavier Richardson
Virginia Beach,VA
Summary
Creative, versatile, and multi-talented Project Manager with a solid track record of boosting client satisfaction by developing contemporary and state-of-the-art mortgage solutions for over 10 years of experience providing mortgage services and ensuring deadlines are met via efficient and accurate processes to ensure maximum levels of productivity. In my drive to tackle complex management jobs effectively with a specific focus on quality, I offer a proven ability to pinpoint the most appropriate management supplies and tools required for each project with a solid track record of performing audits and processing to ensure premium results.
Overview
8
8
years of professional experience
Work History
Project Manager Loan Servicing
Small Business Association
08.2022 - Current
- Review/audit loan amounts for the Paycheck Protection Program
- Calculated borrower's 1st draw loan amount to determine if full loan can be forgiven fully, partially, or denied
- Collected and applied loan payments, applying interest if needed
- Documented all loan modifications, including changes of ownership
- Submitted separate monthly SBA Form 1502 reports that include loan status information for their PPP loans, regardless of whether the borrower made a payment in the current month or whether the loan is in deferment, until the loan is paid in full, fully forgiven, or, if applicable, until SBA purchases the guaranty on the loan
- Issued a decision to SBA in accordance with PPP Loan Program Requirements when the borrower submits a forgiveness application.
Government Insuring Specialist
DAS Acquisitions
08.2020 - 03.2024
- Reviewed/audited FHA/VA/USDA loans to ensure that they meet guidelines for inseparability
- Utilized the FHA and VA portals to track and record loan insurance in accordance with company policies and procedures
- Researched loan issues preventing insuring documents/ borrower assistance on suspended items
- Analyzed and resolve problem loans and documentation for insuring to prevent loan aging (24-48-hour process time)
- Worked closely with the underwriting department to obtain and resolve any missing items/issues on files
- Assembled and shipped case binders selected for review and or mortgage credit reject files
- Developed and implemented fitness programs tailored to individual needs for a membership base of over 500.
Commercial Loan Document Specialist
Caliber Home Loans
10.2019 - 03.2020
- Prepared loan documentation for new loans, renewals, and modifications ensuring compliance and safe and sound practices for various loan types including Commercial Real Estate Mortgages, Line of Credits, Term Loans, Construction Loans, and SBA Loans.
- Organized loan files, prepare and maintain needs list, and follow-up as required to ensure receipt of all necessary documents.
- Requested and track orders for third party due diligence such as title reports and insurance to ensure timely receipt.
- Managed due diligence needs for loans including the ordering of surveys and title insurance demonstrating knowledge, discretion, and independent judgment in dealings with Credit Unions and Loan Officers evidenced by recommendations of proper levels of due diligence based on deal factors.
- Coordinated final preparation of loan documents and closing procedures with applicable parties
- Worked with Underwriting and Portfolio Management departments to transition deals as quickly and seamlessly as possible between groups.
- Proficient in identifying and resolving kiln performance issues to ensure production schedules are met.
Loan Servicer Analyst
HomePoint Financial
06.2017 - 09.2019
- Responsible for loan boarding, maintaining loan database, and updating our system of record for loan modifications and assumptions
- Support customers with transactions and fund inquiries Process payments, advances, and pay-off balances upon request
- Identified, researched and resolved complex issues that do not have established guidelines. Worked with core vendor to determine solutions. Shared knowledge of resolution with the staff to further their loan servicing knowledge.
- Processed advanced system transaction including non-accrual loans, charge-off loans, OREO, repossessed collateral and complex account corrections. To ensure proper approval has been obtained for these transactions.
Mortgage Analyst
Bank of America
10.2016 - 05.2017
- Provided reports of errors to loan QC team for immediate correction with performance monitoring
- Ensured bank collateral is secured by making sure certain insurance, flood and hazard inspections are performed and under guidelines to cover policies
- Reviewed and approved transactions in the operational system for the securitization business needs
- Marked recommendations regarding the automation of servicing procedures using available technology, system application or 3rd party vendors.
- Monitored news databases for changes in the news story coverage and assessed the impact of such changes
- Reconciled consumer credit bureau disputes within required time frames and reviewing monthly credit bureau exception reports.
Liquidation Analyst
Newbold Advisors
11.2015 - 09.2016
- Calculated the first legal deadline and ensure it's entered into the foreclosure workstation and reviewing loan for extension
- Reviewed accounts with supervisory staff and recommended charge off, accounts for repossession and foreclosure of collateral securing delinquent accounts, and for the maintenance of that collateral while in the credit union's possession and for its appropriate and legal disposition.
- Validated foreclosure timelines when private investors or MI companies demand re-purchase, make whole curtailments
- Reviewed loans approaching days 210 of delinquency to determine if extension should be requested
- Calculated the FLD which is used by FCL firms to effectively manage the foreclosure action & complete the 1st legal milestone event within the allowable timeframe.
- Transfered foreclosed properties to OREO, process the sale proceeds of OREO properties, and maintains the OREO Analysis spread sheet on each OREO account.
Education
Business Administration -
Mountain View College
05.2019
Diploma -
Richwood High
01.2012
Skills
- Banking Industry
- Documentation
- Insurance
- Quality Assurance
- Underwriting
- Audit
- Customer Service
- Government
- Policies and Procedures
Timeline
Project Manager Loan Servicing
Small Business Association
08.2022 - Current
Government Insuring Specialist
DAS Acquisitions
08.2020 - 03.2024
Commercial Loan Document Specialist
Caliber Home Loans
10.2019 - 03.2020
Loan Servicer Analyst
HomePoint Financial
06.2017 - 09.2019
Mortgage Analyst
Bank of America
10.2016 - 05.2017
Liquidation Analyst
Newbold Advisors
11.2015 - 09.2016
Business Administration -
Mountain View College
Diploma -
Richwood High
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