Open To Work
Steve E. Umbricht
Fox Lake
Work Preference
Summary
Accomplished and Successful Financial Industry Professional with broad-based experience in a variety of environments including; compliance, underwriting, account management, inside sales, and customer service. Track Record of excellence in troubleshooting, risk deployment and problem solving. Reputation for being detailed and results-orientated while being focused on deadlines in addition to exhibiting leadership in a team environment.
Overview
28
28
years of professional experience
1
1
Certification
Work History
Senior ECOA / Compliance Specialist
BMO Harris Bank
Naperville, Illinois
06.2012 - Current
- Provide a secondary review of all underwritten files to ensure bank compliance with external regulations, and Bank policies, to protect the Bank’s assets.
- Work closely with compliance to develop and implement processes to ensure regulations are met.
- Provide training, guidance, and perform audits for ECOA team members.
- Primary liaison to compliance for providing solutions to CFPB inquiries in addition to regular involvement with BMO Harris’ CFPB project and regulation team.
Quality Control Specialist for Centralized Dispositions
Bank of America
Rolling Meadows, Illinois
03.2010 - 06.2012
- ECOA and HMDA specialist for secondary review.
- Able to use underwriting skill set for Dispositions and Secondary review.
- Work closely with Compliance group to develop, audit, and enhance disposition processes.
- Responsible for training of all new associates to abide by disposition guidelines and continued quality control.
Mortgage Processor
Prospect Mortgage
Schaumburg, Illinois
01.2010 - 03.2010
- Ensure timely and accurate packaging of all loans originated by loan officers.
- Gather information and take each file from pre-approval to closing.
- Responsible for ensuring that all loan documentation is; complete, accurate, verified, and complies with company policy.
- Order and coordinate loan documents to meet crucial deadlines requested.
Account Executive
American General Finance
Schaumburg, Illinois
08.2008 - 07.2009
- Responsible for qualifying and servicing clients for a variety of insurance products through an extensive knowledge of underwriting and product guidelines.
Senior Inside Account Executive and Senior Underwriter
Merrill Lynch
Schaumburg, Illinois
06.2006 - 06.2008
- Funded an average $4 million mortgage loans per month.
- Managed over 100 business accounts while continuing with critical underwriting situations.
- Serviced business accounts with the products that benefited them through excellent customer service and unmatched knowledge of product and pricing.
- Expanded account base through effective prospecting and referrals.
Senior Underwriter
Merrill Lynch
01.2000 - 01.2006
- Underwrote an average 150+ mortgage loans per month.
- Served as advisor and answered underwriting questions for management, outside and inside account executives, other underwriters, and processors.
- Evaluated subject property and credit worthiness and financial strength of prospective borrowers.
- Authorized to approve loans up to $1 million dollars based on documentation and secondary market.
Manager of Secondary Marketing
Merrill Lynch
01.1998 - 01.2000
- Ensured every loan was priced and locked correctly. Managed and trained the group.
Education
Pre-Med - Biology, Chemistry
University of Illinois
Champaign, Illinois01-1984
Skills
- Microsoft Office
- Edge
- SharePoint
- Lotus Notes
- DU / LP
- Turquoise
Certification
- Additional Training
- Anti-Money Laundering
- Economic Sanctions
- Fair Lending
- Information Protection & Privacy
- Code of Ethics
- Examining Courses
- FHA/VA
- RESPA
- Diversity & Inclusion
- Fair Credit Reporting
- HMDA Regulations
Timeline
Senior ECOA / Compliance Specialist
BMO Harris Bank
06.2012 - Current
Quality Control Specialist for Centralized Dispositions
Bank of America
03.2010 - 06.2012
Mortgage Processor
Prospect Mortgage
01.2010 - 03.2010
Account Executive
American General Finance
08.2008 - 07.2009
Senior Inside Account Executive and Senior Underwriter
Merrill Lynch
06.2006 - 06.2008
Senior Underwriter
Merrill Lynch
01.2000 - 01.2006
Manager of Secondary Marketing
Merrill Lynch
01.1998 - 01.2000
Pre-Med - Biology, Chemistry
University of Illinois
AWARDS
Honored as 2001 Most Valuable Employee of the Company, Regional Top Achiever Award Winner numerous times