SEASON SMITH-WESLEY
Fredericksburg
Summary
Results-driven Commercial Mortgage Credit Analyst at Wells Fargo Multifamily Capital, skilled in strategic planning and compliance management. Enhanced loan processing efficiency through rigorous audits and training, leveraging expertise in World-Check and Cornerstone. Proven ability to improve accuracy and reduce approval timelines, fostering a culture of excellence and accountability.
Overview
18
18
years of professional experience
Work History
Commercial Mortgage Credit Analyst
Wells Fargo Multifamily Capital
Mclean
04.2017 - Current
- Governs WF Business Groups & Enterprise Policies (Compliance Risk, Credit Risk, Operational Risk)
- Oversee compliance of all Government-Sponsored Enterprise (GSE) loans prior to closing/settlement; resulted in increased transparency and accuracy of documents for submission.
- Support Operations & Compliance Director in performing audits, reviewing loans, processing Reg O and W approvals and developing Compliance section of the MFC site; resulted in improved understanding of regulations by viewers.
- Support Operations & Compliance Director by performing review and approving Borrower Onboarding in Cornerstone reporting system, risk rating and BSA Report; led to decreased risk and time required to approve loans.
- Work alongside Operations & Compliance Director in enforcing, approving, and training Underwriters and Underwriting Analysts on internal Compliance Checklist Review process.
- Assist Operations & Compliance Director in walkthrough of third-party audit team of WFMC/CRE internal and regulatory process to successfully conduct audits.
- Oversee completeness of underwriting process up to final approval (compliance, WLFO approvals, closing, etc.) enforcing all regulatory procedures, Risk Management, Underwriting, Closing, Insurance Review and Financial Crimes groups.
- Maintained Wholesale Lending Flood Operations (WLFO) Approval Statues Tracker for all MFC loans on pipeline scheduled to close by coordinating with the Closing Department; led to a timely submission to WLFO for loan approval.
- Supervised day-to-day WLFO process by assuring the order of the Standard Flood Hazard Determination (SFHD) documents are in accordance with FDPA guidelines; resulted in decreased timeline to submission.
- Organized WLFO submission process by ensuring document accuracy, reviewing FEMA Flood Determination Zone and coordinating with insurance group for proper flood coverage; led to decreased approval time required for loans.
- Worked on WLFO process by ensuring accuracy of the obtained FEMA supporting documents such as, Letter of Map Amendments and Revisions (LOMA/LOMR) and reviewing of property site maps, appraisals, and other source documents; resulted in improved accuracy of information for submission.
- Managed completion of Compliance Administration by auditing required documents and ensuring submission deadlines for WFI, SFHDs, (Community Reinvestment Act (CRA) and Home Mortgage Disclosure Act (HMDA) documents are met.
- Developed MFC internal Job Aid process for REVS Contingency
- Review and resolve monthly REVS Contingency Reconciliation report (Environmental & Construction).
- Reviewed underwriting narrative by WFMC, FHLMC and FNMA by auditing borrower and property information; resulted in improved accuracy and decreased time to completion.
- Drafted monthly HMDA report by performing quality control on each HMDA folder to ensure each required source document is accounted for; led to increased efficiency of reporting process
Insurance Analyst, Servicing Department
Wells Fargo Multifamily Capital
Mclean
10.2014 - 04.2017
- Responsible for setting up insurance requirements for originated and acquired loans and implementing QC process for commercial loans; ensured loan completion within 20 days of boarding.
- Managed off-shore India team by conducting quality control of Marshall & Swift analysis, new loan setup and annual renewal audits; resulted in improved quality of work and efficiency across business lines.
- Coordinated with the India team by managing overall new loan setup and process guidelines; resulted in improved workflow efficiency across multiple time zones.
- Oversaw the training of new Analysts and Team Leads by mentoring groups on the new loan setup process; led to decreased time required as part of learning process.
- Audited all loans by reviewing insurance certificates and insurance requirements based upon investor guidelines; resulted in improved accuracy of information, which was input into CMG compliance system.
- Obtained proof of coverage from Insurance Agency for the required loan type and audited policies and insurance certificates; ensured proper coverage and coverage limits are in place for borrowers.
- Responsible for organizing all inquiries for FHA & GSE loans by coordinating with borrowers, insurance agents and internal personnel; led to improved understanding of policies for each file.
- Reviewed all Flood Determination documents for each loan during the setup process; enforced accuracy of property location and flood coverage for loan insurance.
- Worked directly with Asset Managers to resolve missing items and pending issues with loans in order to meet all guidelines; resolved all outstanding issued and improved correspondence with stakeholders.
- Supported the Compliance Team in correcting insurance deficiencies by coordinating with borrowers and agents and by reviewing closing documents; led to resolution of outstanding issues.
Counterparty Approval, Compliance and Risk Management (Temporary)
Live Well Financial - Accounts Temps
Richmond
08.2014 - 10.2014
- Managed counterparty application process by reviewing documentation requirements and stakeholder requirements submitted by settlement companies, escrow agents, brokers and lenders for Forward and Reverse Mortgages.
- Analyzed accuracy and completeness of counterparty requirements based on identification of outstanding information; resulted in decreased time required for mortgage approvals.
- Conducted background checks based on filing histories, affiliates, bankruptcy histories, DBA’s, criminal and civil records, financial statements, licensing status, judgments/liens as well as mortgage and financial sanctions.
- Drafted status update reports based on monitoring of daily alerts for court filings for all LWF-approved partners; results were used as part of due diligence process.
- Performed research and quality control analysis on TENA’s pre-funding audits for Forward and Reverse Mortgages; improved accuracy of information as part of approval process.
- Responsible for generating monthly compliance report by aggregating and evaluating data regarding counterparty risk to support decision-making process; reports were submitted to senior team members for review.
- Ensured approved partners remained in good standing by analyzing existing counterparties (performance, regulatory and legal requirements, etc.)
Compliance, Purchase Review Analyst and Junior Underwriter
SunTrust Mortgage
Glen Allen
05.2011 - 10.2013
- Supported compliance by reviewing and analyzing REG C, HOEPA and HMDA documents; ensured accuracy of borrower and property information and overall completeness.
- Examined closed loan files (Conventional, FHA, VA, Approved & Delegated) which were prepared for purchase by SunTrust Bank; enforced compliance based on observing firm standards and guidelines.
- Responsible for performing analysis of all loans by guaranteeing all loans are in compliance with SunTrust Mortgage standards and government regulations.
- Conducted hazard and flood audits by reviewing evidence of coverage on HUD-1 and insurance policies to ensure compliance with guidelines and ensuring dwelling coverage is sufficient with accurate replacement cost.
- Trained entry-level team members on expectations, duties and responsibilities of Compliance and Purchase Review Analysts; resulted in decreased time required to learn guidelines.
Covenants Director and events Coordinator
Armstrong Property Management
Lorton
07.2007 - 05.2009
- Managed 900+ single-family townhomes (each with value of +$800,000) across Fairfax County area by enforcing association bylaws to maintain quality of physical appearance and property value.
- Validated management report data by performing information audit; materials were used as part of company database for regular report compilation.
- Oversaw correspondence with regard to bylaws violations, community events and amenities regulations homeowners by drafting quarterly newsletters, emails and other documents.
Education
Bachelor of Science - Criminal Justice Administration
Park University
Quantico, VAAssociates of Arts - Business Administration
American InterContinental University
Schaumburg, ILSkills
- World-Check and Cornerstone
- Rock Port and Compliance Ease
- Strategic planning
- CMG and CATS
- UCC filing
- Microsoft Office Suite
Skills Activities Interests
World-Check, Cornerstone, Rock Port, Compliance Ease, Strategy, CMG, CATS, UCC Filing, Microsoft Office (Word, Excel, Outlook, PowerPoint), English, Senior Lottery Processor (Seneca One Finance, 2006-2007), Assistant Manager, Loan Closing (George Mason Mortgage, LLC, 2002-2006), Volunteering with leadership involvement in nonprofit organization, Autism Awareness, Save Education (International), Domestic & International Travel
Timeline
Commercial Mortgage Credit Analyst
Wells Fargo Multifamily Capital
04.2017 - Current
Insurance Analyst, Servicing Department
Wells Fargo Multifamily Capital
10.2014 - 04.2017
Counterparty Approval, Compliance and Risk Management (Temporary)
Live Well Financial - Accounts Temps
08.2014 - 10.2014
Compliance, Purchase Review Analyst and Junior Underwriter
SunTrust Mortgage
05.2011 - 10.2013
Covenants Director and events Coordinator
Armstrong Property Management
07.2007 - 05.2009
Bachelor of Science - Criminal Justice Administration
Park University
Associates of Arts - Business Administration
American InterContinental University