Matthew Murphy, AMP, CRU
Chief Operating Officer at The Commonwealth Group Companies- Claim this Profile
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English Native or bilingual proficiency
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Spanish Limited working proficiency
Topline Score
Bio
Credentials
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Residential Future Leader
Mortgage Bankers AssociationNov, 2022- Nov, 2024 -
Mortgage Compliance Professional: Level I Certificate
Mortgage Bankers AssociationAug, 2019- Nov, 2024 -
Certified Residential Underwriter (CRU)
Mortgage Bankers AssociationJan, 2019- Nov, 2024 -
Accredited Mortgage Professional (AMP)
Mortgage Bankers AssociationAug, 2017- Nov, 2024 -
Mortgage Action Alliance Member
Mortgage Bankers AssociationOct, 2016- Nov, 2024
Experience
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The Commonwealth Group Companies
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United States
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Business Consulting and Services
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1 - 100 Employee
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Chief Operating Officer
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Apr 2016 - Present
The Commonwealth Group Companies was founded in Memphis, TN and is the parent company for: The Commonwealth Services Group Inc. and CondoAnalytics Inc. We serve the residential mortgage industry for our clients, including banks; credit unions; and independent, correspondent, and wholesale lenders. Our services include, but are not limited to: -Contract Processing; -Contract Underwriting; -Forensic Underwriting/Expert Witness Services; -Compliance; -Pre & Post-Funding Quality Control; -Encompass 360 LOS evaluation, modification, improvements, and business rule customization; -Loan Process Evaluation; -Pipeline Management; -Audit Services; -Lock Desk & Secondary Markets; -Condo Review; -Consulting (FNMA/FHLMC/FHA Approval, Policy & Procedural Write-Ups, Mortgage Call Reports, HMDA Reporting & Regression Analysis, Reg. Z/TRID Disposition Implementation, and more) -Company Training/Webinars Show less
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Mortgage Bankers Association
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United States
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Banking
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200 - 300 Employee
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Residential Steering Committee
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Apr 2021 - Present
MBA’s mPact program is a network for young, rising mortgage professionals in the real estate finance industry. As a member of the Steering Committee, I am responsible for helping assist in the planning process and execution of various mPact events at MBA conferences, as well as promoting the mPact program to other rising mortgage professionals within the industry. MBA’s mPact program is a network for young, rising mortgage professionals in the real estate finance industry. As a member of the Steering Committee, I am responsible for helping assist in the planning process and execution of various mPact events at MBA conferences, as well as promoting the mPact program to other rising mortgage professionals within the industry.
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Googain, Inc.
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United States
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Financial Services
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1 - 100 Employee
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Residential Mortgage Opperations Officer - Quality Control Division
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Nov 2015 - Apr 2016
-Implemented a daily disposition reporting system to align the company's compliance with Regulations B, C, and Z, as well as for HMDA and CFPB purposes -Performed reviews on loan estimates for RESPA/TRID to verify compliance -Audited non-delegated files, prior to delivery for underwriting, for compliance with investor guidelines -Reviewed secondary delivery procedures for non-delegated mortgages to investors -Assisted in FNMA/FHLMC Seller/Servicer approval for the company in the areas of regulatory compliance, quality control analytics, and internal audit -Assisted in conducting training sessions for loan officers and processors, and underwriters Show less
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Evolve Bank & Trust
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United States
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Financial Services
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400 - 500 Employee
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Residential Mortgage Quality Control Analyst
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Dec 2014 - Nov 2015
-Started work in December of 2014 of my senior year in college to carry out the below functions, as well as training in the underwriting process -Reviewed various documentation, prior to underwriting, ordered by the production area for compliance and accuracy, including verification of employment, deposit, and residency, as well as flood certifications and insurance -Performed audits on tax transcripts, as well as review of documents against fraud/audit service documentation -Worked with the Compliance Department in audit capacity checking for compliance with various Federal Regulations, including Regulations B, C, and Z, ECOA, and FCRA -Redeveloped the pre-funding quality control loan level and trend reporting, as well as assisted on an as-needed basis in pre-funding quality control review Show less
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Evolve Bank & Trust
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United States
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Financial Services
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400 - 500 Employee
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Retail Banking & Residential Mortgage Intern
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May 2014 - Aug 2014
-Worked through all departments including: bank branch, loan administration, mortgage operations, underwriting, credit, Memphis loan production office, accounting, trust, and SBA lending. -Updated collateral, asset, and income files for a new software conversion. -Assisted loan operation officers with collateral titles and UCC's for paid-off loans. -Assisted underwriters and upper-level mortgage operation managers with FHA, VA, FNMA, FHLMC, and USDA loans, as well as funding for whole loan purchases. -Monitored quality control for FNMA and FHLMC mortgages. -Gained knowledge of the credit analysis process for residential, commercial, agriculture, and a specific program of physician's capital loans. -Reviewed ESOP plans, as well as litigation and wealth trusts. -Worked through the SBA loan process for Evolve's Small Business Lending department, including deal check in, accounting, audit, and compliance. Show less
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Education
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2010 - 2015
University of Mississippi
Bachelor's Degree | Holman Business School, Majors: 1. Banking 2. Managerial Finance Minor: Real Estate -
2021 -
The American College of Financial Services
Certified Financial Planner Candidate, Finance, General -
2021 -
The American College of Financial Services
Chartered Financial Consultant Candidate, Finance, General -
2006 - 2010
Memphis University School
High School Diploma, College Preparatory & Advanced High School/Secondary Diploma Program
Community
