Secretarial Compliance and Precautions for Statutory Auditor
Compliance Auditor 2016
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Transcript of Compliance Auditor 2016
Derick Thomas1130 Bear Creek Pkwy # 1212Euless, TX 76039(682)802-2840(972)[email protected]
EDUCATION North Lake College, Irving, TXPursued Associates in Business
COMPUTER SKILLS Works well in groups as well as alone to successfully problem solve. Detail oriented calm under pressure; ability to work within deadlines, proficient in Word, Excel, Office, spreadsheet. 8 plus years in Regulatory and Corporate Compliance IE: FINRA, AML, KYC, RESPA, CFPB, FCRA, HMDA, Privacy Act, TILA, ETC
EXPERIENCE
April 2015 to Present VendorPass/Nationstar MortgageHUD Final Review Analyst
Audit of Reverse Mortgage files @ 97.5% MCA or higher Review MCA, NPL, UPB balances, reverse mortgage documents, payment
plans, verify balances. Responsible for creating exceptions to cure any document issues or errors
with balances. Research and review Taxes to verify they are current Review Homeowners Insurance Policy to verify they are effective Request HUD Assignment and submit packages to HUD for
Reimbursement.
April 2014 to Feb 2015 Adecco/CorelogicCompliance Auditor
Monitor for and review changes in law and regulation affecting the various business areas;
Review outstanding policies and procedures to ensure compliance with various state and federal laws, regulations, and directives and recommend changes for improvements ;
Ongoing review/audit of all documents, letters, loss mitigation paperwork, foreclosure documents and servicing file document components to ensure accuracy and compliance with required statutes;
Provide guidance to operations in interpreting new or updated laws and regulations; work directly with audits/QC to ensure compliance related updates are incorporated into business unit's P&P and that the changes are implemented;
Tracking and logging audit/QC escalations to identify potential compliance risks and to identify if issues are systematic or isolated problems.
September 2013 to Money Gram International (contract)April/2014 Compliance Auditor II
Assist in providing work direction and prioritizing tasks/functions according to deadlines and department need
Review and escalate significant Compliance issues and activities to senior management and serve as escalation point for Compliance Analyst I matters
Review and assess new products and services for Compliance risk Filing of SAR reports Participate as Compliance delegate in Business and Compliance committees
or work groups as appropriate Determine Compliance training needs, participate in design and delivery of
training Coordinate weekly and monthly reports Research to provide thorough and accurate information Make sure that Compliance databases are kept current Provide guidance to operations in interpreting new or updated laws and
regulations; work directly with audits/QC to ensure compliance related updates are incorporated into business unit's P&P and that the changes are implemented;
Tracking and logging audit/QC escalations to identify potential compliance risks and to identify if issues are systematic or isolated problems.
April 2013 to Lenox Financial (lay off)September 2013 Loan Processor.Account Manager Work directly with Mortgage Broker’s, Account Executives, and Loan
Originators in order to gather all outstanding loan disclosures. Processed 10 to 30 loans monthly from submission to funding Work with Title Companies and Insurance agencies to correct any
discrepancies with Title Work or Home Owner’s Policies. Reviewed all loan disclosures for compliance with state and federal
regulations. Processed Change of Circumstances. Experience calculating DTI, and LTV, reviewed and uploaded Loan
Conditions. Review Credit Reports, Income and Asset documents.
October 2012 to North American Lending (contract)April 2013 Compliance Auditor
Audit FHA, VA, Conventional, and USDA Loans for compliance per TILA Generate monthly Audit Reports for shipped, declined, and purchased loans Monitor for and review changes in law and regulation affecting the various
business areas; Review outstanding policies and procedures to ensure compliance with
various state and federal laws, regulations, and directives and recommend changes for improvements ;
Ongoing review/audit of all documents, letters, loss mitigation paperwork, foreclosure documents and servicing file document components to ensure accuracy and compliance with required statutes;
Provide guidance to operations in interpreting new or updated laws and
regulations; work directly with audits/QC to ensure compliance related updates are incorporated into business unit's P&P and that the changes are implemented;
Tracking and logging audit/QC escalations to identify potential compliance risks and to identify if issues are systematic or isolated problems.
May 2012 to Robertson Anchutz Law Firm/Nationstar(contract)October 2012 Compliance Auditor
Audit FHA, VA, Conventional, and USDA Loans for compliance through use of LOS system
Generate monthly Audit Reports for shipped, declined, and purchased loans Audit GFE, TIL, 1003, prior to disclosure to borrower and after any
Changed Circumstance Work closely with Loan Originator's and Loan Officer's to clarify any
Regulatory Compliance Issues at hand Maintain, monitor, and assist with the implementation of new regulatory
and compliance requirements Develop regulatory compliance materials, compliance testing, documenting
audit results, management reporting, and working as a liaison with regulatory agencies for compliance
October 2010 to Caliber FundingMay 2012 Compliance Auditor
Audit FHA, VA, Conventional, and USDA Loans Audit GFE, TIL, 1003, prior to disclosure to borrower and after any
Changed Circumstance Work closely with Loan Originator's and Loan Officer's to clarify any
Regulatory Compliance Issues at hand Filing of SAR reports Maintain, monitor, and assist with the implementation of new regulatory
and compliance requirements Develop regulatory compliance materials, compliance testing, documenting
audit results, management reporting, and working as a liaison with regulatory agencies
May 2007 to Adecco/Bank of America(contract)October 2010 Short Sale Negotiator (Team Lead)
Processed mortgage and credit card payments, set up payment arrangements, escrow analysis
Negotiated short sales with customers in danger of foreclosure/in the process of foreclosure
Reviewed all short sale documentation, negotiated with broker and borrower on the terms of the short sale
Assisted customers with general account questions and concerns
February 2004 to Marcone Supply
May 2007 Account Manager Face to face and phone interaction with customers handling their accounts. Processed orders, Payments, Credits and Returns Sold $120,000 plus in supplies and equipment monthly Reconciled invoices.