Edward Hudak

Experienced professional with proven multi-tasking abilities in a high volume, fast paced environment

Maxwell.                                                                    03/03/2023 – 6/7/2023

Contract Due Diligence Underwriter

• Review loan files for accuracy prior to delivery to client.
• Responsible for daily reports to management to ensure production staff is on target for deadlines and client requirements.
• Initiated standardized exception comment protocols to ensure the production team is consistent and precise with exception comments allowing clients to provide required trailing documents in a more efficient manner.  
• Work closely with executive management team to ensure team and client needs are met daily.

SitusAMC.                                                                 08/01/2019 – 01/11/2023

Sr Vice President, Client Services

• Managed non-dedicated transactions and teams including, QM, Non-QM, DSCR, as well as all NPL/RPL nonrated securitizations on New Origination loans.
• Managed a pipeline of 5000+ loans per month 
• Managed 16 direct and indirect employee’s at the VP and AVP level
• Direct oversight of multiple rated and non-rated Securitizations 
• Managed total operations for all non-dedicated/transactional teams, bulk deals and RPL/NPL loans.
• Escalation point of contact for multiple clients on loan level issues and questions
• Mentored and directed new CSM’s and AVP’s under the transactional diligence umbrella.
• Worked directly with UW staff to ensure client satisfaction and quality requirements were met at all times.

American Mortgage Consultants.                                                               08/21/2017 – 08/01/2019

Associate Vice President, Client Services

• Team Lead for Various Client engagements on both the Securitization and non-Securitization scopes.
• Responsible for day to day process flow across multiple deals ensuring timely delivery of diligence results to Clients.
• Responsible for the creation of deal notes and deal instructions prior to new deals kicking off.
• Conducted kick off calls prior to the start of new projects to provide relevant details and client specifics for a review.
• Responsible for reviewing trailing docs and conditions within a 24 hour timeframe or as required per the SOW.
• Act as the Liaison between the Clients and the review team, ensuring that the client guidelines and specific deal requirements are met and addressed during the reviews.
• Work with head of production daily to identify staffing requirements to ensure SLA is met. 
• Communicate with the clients to discuss results of the loan review and answer any loan specific questions that may arise as a result of the review.
• Assist QC with any deal specific questions as well as assist the UWQ staff for any underwriter questions and concerns as they relate to the guidelines and client specifications.
• Provide reports to client of the results of the initial review as well as any updates that result from the review of trailing docs and conditions.

American Mortgage Consultants                                                                12/19/2016 – 08/21/2017

Quality Control Underwriter

• Conduct a complete QC review of all underwritten files in the post-secondary market to ensure all that the underwriter followed proper protocol and guidelines at Origination.
• QC loans across multiple projects and Lenders daily allowing proper SLA requirements to be met per deal 
• Advance Cash flow analysis of Individuals, S-Corps, C-Corps, Partnerships, rental income and Trusts
• Review Appraisals for accuracy and ensure the proper guidelines were followed while utilizing the appraisal to determine value and calculation of Loan to Value.
• Independently Calculate income and debts to make sure the DTI is aligned with the client guidelines.
• Complete Quality review of the entire loan file for accuracy, guaranteeing that all regulations were followed and met. TRID, HMDA, RESPA, State and Government, and make certain that proper documentation is in the file for sale and securitization in the post-secondary market.

Clayton Holdings, Inc.                                                                                 4/1/2013 – 12/19/2016

Contract Quality Control Underwriter

• Clear Conditions over multiple projects ensuring that the documents provided are what is required to cure or clear the Exceptions
• Ran and Analyzed reports to determine accuracy of the information that was provided from the UW and QC team
• Communicated with the Clients as required to explain the exceptions and issues on files as well as to inform them of the status of the deals.
• Assist with any deal related projects to ensure SLA is met and conditions are cleared within the timeline per the SLA.
• Conduct a complete QC review of all underwritten files in the post-secondary market to ensure all that the underwriter followed proper protocol and guidelines at Origination.
• QC loans across multiple projects and Lenders daily allowing proper SLA requirements to be met per deal 
• Clear conditions across multiple deals daily reviewing documentation and/or information provided to eliminate or satisfy exceptions on loans.
• Advance Cash flow analysis of Individuals, S-Corps, C-Corps, Partnerships, rental income and Trusts
• Review Appraisals for accuracy and ensure the proper guidelines were followed while utilizing the appraisal to determine value and calculation of Loan to Value.
• Independently Calculate income and debts to make sure the DTI is aligned with the client guidelines.
• Complete Quality review of the entire loan file for accuracy, guaranteeing that all regulations were followed and met. TRID, HMDA, RESPA, State and Government, and make certain that proper documentation is in the file for sale and securitization in the post-secondary market.

Clayton Holdings, Inc                                                                      07/01/2012- 4/1/2013

Contract Loan Audit/Underwriter  

• Conduct a complete QC review of the underwritten file to ensure all that the underwriter followed proper protocol in determining borrower eligibility for Modification programs ensuring that guidelines were followed according to the investor, state and federal guidelines. 

1. FNMA
2. HAMP
3. MOD24
4. APOLLO
5. CAP ONLY
6. ALT MOD
7. TRAD
8. FHLMC
9. FHA
10. VA
11. Private Lenders
12. Calculated income, determined DTI’s and eligibility.  Reviewed BPO’s and borrower documentation to determine if they qualify for various programs offered by the lender.

• Reviewed FNMA default loans and evaluate whether or not they were processed in accordance with HAMP, Proprietary Modification or other applicable program guidelines and requirements
• Review fully documented loan histories, imaged documents and information available from all sources to collectively determine if it validates the information used to make the home retention / loss mitigation decision.
• Complete File Review according to clearly defined requirements; make a recommendation as to whether the loan servicing company caused borrower harm. 
• Determine if ownership of the note and mortgage was properly documented when foreclosure proceedings were initiated and document any exceptions.
• Determine if the foreclosure proceeding was processed in accordance with applicable state and federal laws, to include SCRA and US Bankruptcy Codes, and document any exceptions.
• Received “Employee of the month” recognition for December 2012.

JP Morgan Chase / Aerotek                                                                        02/2012-06/2012

Rural Housing Conditions Specialist (contract)

• Underwriter and Auditor - 
• Underwriter for the secondary and post secondary markets
• Reviewed Mortgage documents for Accuracy

1. Origination Note
2. Origination Mortgage
3. 1003
4. 1008 
5. Hud Review (Points and Fees per state Regulations)
6. TIL Review
7. LTV Calculation
8. Borrower’s Ability to Repay 

• Assured files fell within the required guidelines of the servicer and the purchasing companies. 
• QC verification of all income and employment
• Reviewed all files for accuracy and completeness including credit reports, servicing notes, borrower correspondence, TIL, HUD1, Closing documents and funding verifications.
• Confirmed that all title and insurance qualifications fell within the lender guidelines.
• Performed a QC audit of all files prior to funding
• Reviewed appraisals and BPO’s for accuracy while validating the value, the comps and the GLA variances.
• Reserve Calculation
• LTV Calculation
• Evaluate Lien Position and Title correctness. 
• Maintained 100% accuracy on Auditing FHA/VA and A paper loans, having zero returns for an 9 month period
• Received and reviewed outstanding conditions on RD loans making sure that the conditions meet the specified requirements prior to funding
• Understand and review all USDA Rural Development conditions making sure that all RESPA and state regulations are met
• Ensure that all files are compliant with RESPA guidelines as well as lender requirements.

Bank of America / Pioneer                                                                           08/2010 – 12/2011

HSS II Process Support (contract)

Process loan applications for HAMP and Traditional modifications 

·    Reviewed residential loan application files to verify that application data is complete and meets establishment standards

1. Determined DTI ratio’s, current values and eligibility
2. Calculated income/expense ratio’s to ensure clients qualified for various programs
3. Reviewed credit report for back debt and collection activity to determine eligibility and ability for repayment to minimize re-default.
4. Reserve Calculation
5. LTV Calculation
6. Evaluate Lien Position and Title correctness. 
7. Determined borrower eligibility through review of income, credit, title reports, insurance declarations, county records and borrower assets.  Also reviewed borrowers past history to validate harship and determined reason for default.
8. Underwriter for the secondary and post secondary markets.
9. Assured files fell within the required guidelines of the servicer and the purchasing companies. 
10. QC verification of all income and employment
11. Reviewed all files for accuracy and completeness including credit reports, servicing notes, borrower correspondence, TIL, HUD1, Closing documents and funding verifications.
12. Confirmed that all title and insurance qualifications fell within the lender guidelines.
13. Performed a QC audit of all files prior to funding.
14. Reviewed appraisals and BPO’s for accuracy while validating the value, the comps and the GLA variances.
15. Maintained 100% accuracy on Auditing FHA/VA and A paper loans, having zero returns for a 9-month period
16. Origination Note
17. Origination Mortgage
18. 1003
19. 1008 
20. Hud Review (Points and Fees per state Regulations)
21. TIL Review
22. LTV Calculation
23. Borrower’s Ability to Repay 

·    Completed non-customer facing tasks such as ordering title, appraisal value, and escrows.

·    Requested, received, reviewed investor approvals

·    Ordered appropriate correspondence based on the status of the modification (denial, approval and doc request letters).

·    Assisted in creating training material for new associates and existing associates with product updates

·    Assisted in training new associates and existing associates

·    Employee of the month for March 2011 

JP Morgan Chase / Aerotek                                                                        07/2009-05/2010

Rural Housing Conditions Specialist (contract)

• Backend Underwriter and Auditor - 
• Reviewed Mortgage documents for Accuracy.

·    Received and reviewed outstanding conditions on RD loans

·    Reviewed and knowledgeable of all USDA Rural Development conditions

·    Registered and logged all incoming files that were to be reviewed and purchased.

·    Organized and packaged all closed loans to be shipped to the servicing center

·    Organized, labeled and shipped all trailing documents to the servicing center

Genesis Electric Motors / Client Services                                                  11/2007-03/2009

District Sales Representative (contract)

·    Expanded and controlled both fresh and existing accounts

·    Handled face-to-face contacts with new and established clients

·    Sold products to distributors and group of merchandisers

·    Scheduled and coordinated product information and distribution for all clients

·    Kept accurate, current computer records of inventory, suppliers, shippers, etc.

Pope John Paul II High School

Diploma 1987