Xiong Vang (TOM)
Charlotte,NC
Overview
15
15
years of professional experience
Work History
Home Mortgage Wealth Senior Credit Underwriter
Wells Fargo
01.2017 - 09.2023
- Reduced risk exposure through diligent evaluation of applicants'' creditworthiness and negotiating appropriate credit limits.
- Utilized analytical and problem-solving skills to make sound credit decisions to meet the business’s risk appetite and tolerances while adhering to compliance and quality controls.
- Collaborated and established strong relationships with internal partners to provide a smooth and transparent customer experience.
- Identified, documented, and provided feedback on policy exceptions and or improvement opportunities within process, policy, and procedures.
- Utilized BSA/Bank Secrecy Act, AML/Anti Money Laundering, KYC/Know Your Customer, and CCD/Customer Due Diligence to evaluate and prevent fraud.
- Spread personal and business financial statements using IAT (Income Analysis Tool) to evaluate, calculate, forecast, and verify cash flow.
- Developed strategies to manage risks associated with specific industries or geographic locations, ensuring balanced portfolios across various segments.
- Played a key role in maintaining a high-quality loan portfolio, minimizing defaults, and maximizing returns for the organization.
Wealth Management Senior Business Underwriter
Wells Fargo
05.2013 - 01.2017
- Reviewed and assessed marketable securities and real estate properties to ensure proper collateralization, accuracy, and valuation.
- Ensured criteria for a clear and precise risk analysis were met through a review of credit reports, background investigation, liquid assets, covenants, and personal and business/commercial financial Statements.
- Spread personal and business/commercial financial statements using MRA (Moody's Risk Analysis tool) to evaluate, calculate, forecast, and verify cash flow.
- Performed research, evaluation, and analysis of business entities and industry and market trends.
- Effectively managed a large pipeline/portfolio through work prioritization and time management while meeting deadlines in a fast-paced and highly pressured environment.
- Reduced company losses by identifying potential fraud risks and taking appropriate actions using AML/Anti-money Laundering, BSA/Bank Secrecy Act, KYC/Know Your Customer, and CCD/Customer Due Diligence policies and procedures.
- Provided excellent customer service by addressing inquiries promptly, providing customer resolution and or de-escalation, and offering comprehensive explanations of underwriting decisions.
- Collaborated with sales teams to develop competitive pricing strategies and higher approval rates, increasing market share.
Home Equity Senior Credit Underwriter
Wells Fargo
04.2008 - 05.2013
- Evaluated and underwrote home mortgage loans and line of credit facilities while also serving as backup Work Director.
- Coordinated daily workloads with management and Underwriters to ensure efficient and productive production numbers were being met and or addressed.
- Analyzed daily reports to determine root cause issues, trends analysis, and problem areas requiring focus, resolution, and opportunities for improvement.
- Promoted cross-functional collaboration between departments for better risk management practices, streamlined workflows, and to meet service level agreements.
- Acted as a resource for compliance and regulatory requirements for fraud prevention using BSA/Bank Secrecy Act, AML/Anti Money Laundering, KYC/Know Your Customer, and CDD/Customer Due Diligence.
- Guided, mentored, and coached underwriters in both technical and professional skills, instilling best practices and company standards.
Education
Associate of Science - Accounting
Heald College
Rancho Cordova, CA07.1998
Skills
- Analytical
- Critical Thinking
- Work Prioritization
- Attention to Detail
- Time Management
- Independent and Team Collaboration
- Technical Documentation
- Problem-solving
Accomplishments
- WF Top Underwriting Producer Award.
- WF Diversity Champion and Community Volunteer Award.
- WF Trained, coached, and mentored new Credit Facility site in Colorado Springs, CO - 6 months.
- WF 1 year project work for Home Lending in LAS, Lending Authority Services - 6 months and PQA, Post Quality Auditing - 6 months.
Timeline
Home Mortgage Wealth Senior Credit Underwriter
Wells Fargo
01.2017 - 09.2023
Wealth Management Senior Business Underwriter
Wells Fargo
05.2013 - 01.2017
Home Equity Senior Credit Underwriter
Wells Fargo
04.2008 - 05.2013
Associate of Science - Accounting
Heald College
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