Funding Staff Accountant | Domenic DiCato

●Controlled well over a 150 Million dollars in warehouse funds and hedge accounts to fund loans. Successfully funded millions of dollars worth of loans.
●Used Excel spreadsheets to itemize fees and calculate funds to be wired from warehouse banks and released into different accounts. Worked with multiple warehouse banks very closely to ensure the funds were wired on day of closing and worked under time sensitive situations. Used different methods of forwarding account information and borrower information to the warehouse banks such as online platforms, programs, and spreadsheets and ensuring the funds were successfully transitioned by monitoring the warehouse banks progress and double checking all information.
● Re-disclosed changes made to loans through an online compliance website and also recording those modifications made to reflect the most current rate, term, program or other information. Prepared Good Faith Estimates, Federal Truth and Lending, Itemization and other compliance documents to be sent out to mortgagors to be signed and returned.
● Set up many different programs of loans such as Federal Housing Administration, Third Party Originated Loans, Conforming, MHFA and Brokered Loans. Itemize the closing costs for each different loan program and other specifics such as mortgage insurance, discount points and credits given by the lender. Reviewing loans to make sure they had the correct fees/insurances based on property type and LTV.