Experience

Mortgage Assets Management, LLC

• United States
• Financial Services
• 1 - 100 Employee

• SENIOR MORTGAGE LOAN ACCOUNTING MANAGER (2020 to June 2023) / Consultant (June 2023 to Present)

  • Apr 2020 - Present

  • Manage accounting functions and controls for loan advances, accounts payable, max claim and debenture interest reporting, monthly reconciliations and annual audit, and daily cash clearing activity. o Manage 1 full time employee + 4 offshore contractors. Perform annual reviews, training, and lead monthly team meetings. • Oversee monthly reporting for loan advance portfolios and book reserves to account for risk due to servicing and claim filing errors - $100M advance… Show more • Manage accounting functions and controls for loan advances, accounts payable, max claim and debenture interest reporting, monthly reconciliations and annual audit, and daily cash clearing activity. o Manage 1 full time employee + 4 offshore contractors. Perform annual reviews, training, and lead monthly team meetings. • Oversee monthly reporting for loan advance portfolios and book reserves to account for risk due to servicing and claim filing errors - $100M advance portfolio. • Oversee daily cash entries for advance disbursement activity – approximately 20 entries. • Oversee monthly reconciliations for approximately 40 accounts. • Organized bi-weekly lunch and learns for team. o Review daily invoices for accounts payable and process settlements in Workday – approximately 100 invoices monthly. o Provide Workday system maintenance and run month end processes. • Run monthly system close file to auto book REO reclasses, Mortgage Insurance Premium payable, and interest income and expense. • Load new loans and investor pools into Workday, open tickets with CrossVue to implement critical changes to Workday and test via sandbox, manage recon assignments, and provide support for other ad-hoc system request. • Create posting rules in system to book to cash account based on bank statement addenda. o Provide reporting for max claim and debenture interest milestones to CFO. o Provide support to Deloitte for annual audit. • Led automation initiative for daily cash process via database. Automated all journal entries for daily RFF wires for 3 portfolios and automated daily reporting of wire activity used to reconcile cash clearing at month end. Show less • Manage accounting functions and controls for loan advances, accounts payable, max claim and debenture interest reporting, monthly reconciliations and annual audit, and daily cash clearing activity. o Manage 1 full time employee + 4 offshore contractors. Perform annual reviews, training, and lead monthly team meetings. • Oversee monthly reporting for loan advance portfolios and book reserves to account for risk due to servicing and claim filing errors - $100M advance… Show more • Manage accounting functions and controls for loan advances, accounts payable, max claim and debenture interest reporting, monthly reconciliations and annual audit, and daily cash clearing activity. o Manage 1 full time employee + 4 offshore contractors. Perform annual reviews, training, and lead monthly team meetings. • Oversee monthly reporting for loan advance portfolios and book reserves to account for risk due to servicing and claim filing errors - $100M advance portfolio. • Oversee daily cash entries for advance disbursement activity – approximately 20 entries. • Oversee monthly reconciliations for approximately 40 accounts. • Organized bi-weekly lunch and learns for team. o Review daily invoices for accounts payable and process settlements in Workday – approximately 100 invoices monthly. o Provide Workday system maintenance and run month end processes. • Run monthly system close file to auto book REO reclasses, Mortgage Insurance Premium payable, and interest income and expense. • Load new loans and investor pools into Workday, open tickets with CrossVue to implement critical changes to Workday and test via sandbox, manage recon assignments, and provide support for other ad-hoc system request. • Create posting rules in system to book to cash account based on bank statement addenda. o Provide reporting for max claim and debenture interest milestones to CFO. o Provide support to Deloitte for annual audit. • Led automation initiative for daily cash process via database. Automated all journal entries for daily RFF wires for 3 portfolios and automated daily reporting of wire activity used to reconcile cash clearing at month end. Show less



Ditech Financial LLC

• United States
• Financial Services
• 300 - 400 Employee

• Accounting Manager

  • Apr 2016 - Mar 2020

  • Managed accounting functions and controls for loan repurchase risk, prior servicer receivables, FNMA/FHLMC/GNMA T&I reconciliations and audits, and daily cash clearing activity. o Managed 5 full time employees. Performed annual reviews and led monthly team meetings. o Managed monthly accrual and reporting for loan repurchase risk due to servicing errors - $30M reserve portfolio. o Managed reconciliations for FNMA/FHLMC/GNMA T&I custodial accounts, corporate advances and negative… Show more • Managed accounting functions and controls for loan repurchase risk, prior servicer receivables, FNMA/FHLMC/GNMA T&I reconciliations and audits, and daily cash clearing activity. o Managed 5 full time employees. Performed annual reviews and led monthly team meetings. o Managed monthly accrual and reporting for loan repurchase risk due to servicing errors - $30M reserve portfolio. o Managed reconciliations for FNMA/FHLMC/GNMA T&I custodial accounts, corporate advances and negative escrow receivable accounts – team reconciles approximately 350 accounts monthly. Provide audit support for reconciliations and cash movement through MSP system. o Accrual of interest expense on escrow balances - $3.4M annual expense. o Accounting for prior servicer receivable and collections – approximately $7M balance. o Daily payment clearing and disbursement activity to ensure cash transactions are being applied properly and timely to loans - approximately $70M balance and 3,000 average daily transactions. • Nominated 2 times for leader of the quarter. • Led automation initiative for reconciliation processes. Automated data pulls of bank statements and MSP system data pulls and calculations via SQL and batching functionality - yielding approximately 40% efficiency on reconciliations. • Recorded fair value of bonds, loans and line of credit on VIE portfolio – portfolio UPB balance of approximately $300M. • Reviewed escrow and advance balances on de-board remits. Correspond with new servicer to collect on funds due to Ditech. Show less • Managed accounting functions and controls for loan repurchase risk, prior servicer receivables, FNMA/FHLMC/GNMA T&I reconciliations and audits, and daily cash clearing activity. o Managed 5 full time employees. Performed annual reviews and led monthly team meetings. o Managed monthly accrual and reporting for loan repurchase risk due to servicing errors - $30M reserve portfolio. o Managed reconciliations for FNMA/FHLMC/GNMA T&I custodial accounts, corporate advances and negative… Show more • Managed accounting functions and controls for loan repurchase risk, prior servicer receivables, FNMA/FHLMC/GNMA T&I reconciliations and audits, and daily cash clearing activity. o Managed 5 full time employees. Performed annual reviews and led monthly team meetings. o Managed monthly accrual and reporting for loan repurchase risk due to servicing errors - $30M reserve portfolio. o Managed reconciliations for FNMA/FHLMC/GNMA T&I custodial accounts, corporate advances and negative escrow receivable accounts – team reconciles approximately 350 accounts monthly. Provide audit support for reconciliations and cash movement through MSP system. o Accrual of interest expense on escrow balances - $3.4M annual expense. o Accounting for prior servicer receivable and collections – approximately $7M balance. o Daily payment clearing and disbursement activity to ensure cash transactions are being applied properly and timely to loans - approximately $70M balance and 3,000 average daily transactions. • Nominated 2 times for leader of the quarter. • Led automation initiative for reconciliation processes. Automated data pulls of bank statements and MSP system data pulls and calculations via SQL and batching functionality - yielding approximately 40% efficiency on reconciliations. • Recorded fair value of bonds, loans and line of credit on VIE portfolio – portfolio UPB balance of approximately $300M. • Reviewed escrow and advance balances on de-board remits. Correspond with new servicer to collect on funds due to Ditech. Show less



Wells Fargo

• United States
• Financial Services
• 700 & Above Employee

• Accountant 5

  • Nov 2014 - Apr 2016

  •Data Owner for MAPS - Mortgage Accounting System that pulls data from MSP and performs FFIEC, Non-Accrual, TDR & Service Fee accounting functions. •Primary responsibilities include ensuring accounting controls are implemented and maintained around MAPS processing and ensuring that all closing processes are both accurate and timely. Also responsible for coordinating with Technology (TOG) to implement BRD changes to MAPS as needed. •Perform monthly provision (loss) analysis and… Show more •Data Owner for MAPS - Mortgage Accounting System that pulls data from MSP and performs FFIEC, Non-Accrual, TDR & Service Fee accounting functions. •Primary responsibilities include ensuring accounting controls are implemented and maintained around MAPS processing and ensuring that all closing processes are both accurate and timely. Also responsible for coordinating with Technology (TOG) to implement BRD changes to MAPS as needed. •Perform monthly provision (loss) analysis and reporting •Perform monthly non-accrual analysis and reporting •Responsible for implementation and testing of system 512 (pick a pay) portfolio conversion to MSP - which will process through MAPS by Q3 2015. •Manage 1 direct report.

• Accountant Level 4

  • Jun 2012 - Oct 2014

  •RCC/RCN Regulatory Reporting - Completed and consolidated RCN & RCC reports for Home Equity loans. $95b portfolio. •Non-Accrual Accounting - Flagged and recorded non-accruing loans on MSP system. Tracked and analyzed non-accrual trending on all Mortgage portfolios - including monthly roll-forwards and other reporting functions. $9b portfolio. •Implemented total CAR database loan level to systems tie out for $95b Home Equity portfolio. •Led implementation of 2012 non-accrual policy… Show more •RCC/RCN Regulatory Reporting - Completed and consolidated RCN & RCC reports for Home Equity loans. $95b portfolio. •Non-Accrual Accounting - Flagged and recorded non-accruing loans on MSP system. Tracked and analyzed non-accrual trending on all Mortgage portfolios - including monthly roll-forwards and other reporting functions. $9b portfolio. •Implemented total CAR database loan level to systems tie out for $95b Home Equity portfolio. •Led implementation of 2012 non-accrual policy change for junior loans - $1.7b impact •Assisted in implementation of 2012 non-accrual bankruptcy discharge policy change - $600mm impact.

• Accountant Level 4

  • Dec 2008 - Jun 2012

  •Purchase Credit Impaired Accounting - Recorded and tracked monthly losses, yield and cash flow analysis, and roll-forwards. Prepared quarterly SEC 2.32 reports. $500mm portfolio on MSP & Shaw system. •TDR Accounting - Recorded net TDR values on a monthly basis and reported associated impairment which was booked quarterly. Prepared quarterly SEC 2.45 reports. $300mm portfolio on MSP system. •Led transition of all Home Equity reporting functions (TDR, PCI & PAA) out of Mortgage when Wells… Show more •Purchase Credit Impaired Accounting - Recorded and tracked monthly losses, yield and cash flow analysis, and roll-forwards. Prepared quarterly SEC 2.32 reports. $500mm portfolio on MSP & Shaw system. •TDR Accounting - Recorded net TDR values on a monthly basis and reported associated impairment which was booked quarterly. Prepared quarterly SEC 2.45 reports. $300mm portfolio on MSP system. •Led transition of all Home Equity reporting functions (TDR, PCI & PAA) out of Mortgage when Wells Fargo purchased Wachovia

• Senior Financial Analyst

  • Nov 2006 - Dec 2008

  •Analyzed and tracked mortgage REO & charge-off portfolios during 2008. •Organized and coordinated yearly audit of Wachovia Mortgage. •Fas 157 Accounting - Recorded fair value for loans, locks and trades - $800mm Held For Sale Portfolio. •Performed monthly warehouse yield analysis. •Filed quarterly financials with Mortgage Bankers Financial Reporting for South Trust, Vertice & Meridian companies.



Potter & Company CPA

• United States
• Accounting

• Staff Accountant

  • Jan 2006 - Oct 2006

  •Completed individual tax returns •Audited cash, accounts receivable, accounts payable and fixed assets using Pro Systems software •Handled various computer issues and problems •Completed individual tax returns •Audited cash, accounts receivable, accounts payable and fixed assets using Pro Systems software •Handled various computer issues and problems