1. Loretta V. Cobb-Yancy
(313) 753 - 9023
lorettacobbyancy@gmail.com
CANDIDATE REVIEW
Conventional Underwriter - Compliance Analyst - Secondary/Lock Specialist with vast knowledge of
lending policies and procedures, and Federal Bank Regulations (CFPBs and MBAs). Monitoring and
resolving concerns involving compliance with regulatory and corporate policy and procedures.
Knowledgeable and experienced with many State and Federal policies including: the S.A.F.E. Act, The
PATRIOT Act, Fair Lending, Fair Credit Reporting Act (FCRA), Fair Debt Collection Practice Act, Bank
Secrecy Act (BSA), and Bank Bribery Act.
EMPLOYMENT HISTORY
Homesite Mortgage, Clinton Township, MI 11/2015 – Present
Compliance Specialist
• Responsible for reviewing and monitoring all (FNMA/FHLMC/FHA/VA/ RD USDA and
Lombardo Construction) loans for Compliance within TRID guidelines, company and investor
policies. Disclosed/Redisclosed LE and Initial/Redisclosed CD. Reviewing all (COC) change of
circumstance for compliance.
• Completing finalization of the GFE/TIL disclosures within Company pipeline.
• Review of (APOR tolerance) QM test. Research and/or resolve compliance and audit issues by
reviewing changes to the loan program, loan amount, rate, fees and/or pricing. QC new loan
submissions while also cross checking files in closing.
Lock Department – Stand-In
 Lock in rates with investors
 Entering rate & price information in Calyx program:
 Researching investors for best pricing
 Calculating company percentage points and loan officer’s personal price banks
Conventional Underwriter – Stand-In
 Review Application and Disclosures
 Review Purchase Agreement
 Review Credit Report
 Review DU findings
 Verifying Income & Assets
 Review and monitored collateral
 Review and clear conditions

2. Responsibilities include: formulating clear, concise and actionable conditions, Appling sound
judgment and decision making. Review and clear conditions based on the company’s and investor
guidelines within designated time frame. Providing professional and knowledgeable assistance and
communication to all team member while also enabling a type of leason for company through
analytical support and counseling in various areas. Properly apply and ensure company’s operating
standards are met for underwriting and compliance by utilizing internal and external policies and
procedures.
University Bank, Farmington Hills, MI 10/2012 – 09/2015
Compliance Analyst 07/2013 – 09/2015
HMDA Specialist 10/2012 – 07/2013
• Responsible for reviewing and monitoring all loans for adherence to company policies and
procedures. While monitoring and review of (APOR tolerance) Section 32, Section 35 and QM
test.
• Research, development, and implementation of company policies to match those of State and
Federal Laws.
• Developed a monthly and quarterly Task Management report for the Compliance Team.
• Researched compliance issues and developed resolutions.
• Maintained/reviewed/trained on S.A.F.E. ACT Security and Fair Enforcement for Licensing Act.
• Monitored loans according FCRA (fair credit reporting act)
• Monitored loans according to USA Patriot act.
• Reported and monitored Information, Securities, and Red Flags.
• Monitored REGB under the equal credit opportunities act.
• Assisted in reporting STR (suspicious transaction reporting).
• Assisted and maintained BSA (bank secrecy act) policies.
• Created and maintained SAR suspicious activity report.
• Researched and/or resolved compliance and audit issues by reviewing changes to the loan
program, loan amount, rate and/or pricing.
• Re-disclosed (COC) Change of Circumstance for fees and updates.
• Performed (PCR) Pre-close reviews through verifying accuracy of all fees last disclosed to the
borrower/customer with an accurate closing date to be within compliance.
• Monitored last disclosed TIL with adjustments to 1st signing dates. Clarification of corrective
procedures for all originated, closed, withdrawn and/or decline (Adverse Actions) loans for
HMDA and AUDIT purposes through a report called LAR.
• Monitored HMDA corrections and maintain Error Reports for assigned branches.
• Assisted to create procedures to effectively and efficiently complete task within the Compliance
& Quality Control Department.
• Created and update Compliance Policies & Procedures for re-disclosure of the GFE/TIL.

3. J.P. Morgan Chase Bank, Belleville, MI 01/2007 – 11/2010
Supervisor (Government Department)
• Trained and supervised thirty team members in processing incoming government documents for
tax purposes.
• Worked closely with Department Director in implementing policies and procedures.
• Provided timely and accurate reports, coaching and counseling to staff to improve performance.
• Addressed issues, career and developmental plan discussions, communication of individual and
team goals and measurements as they pertained to departmental objectives.
Charter West Bank, Garden City, MI 01/2003 - 01/2007
Branch Manager
• Underwriting conventional loans through DU and LP (Fannie Mae and Freddie Mac guidelines)
within company overlay policies and investor guidelines.
• Provided leadership and managing performance of mortgage loan officers to achieve a range of
sales, service and operational business goals.
• Ensured work flow and functions in meeting service level agreements and performance
measurements.
• Oversaw staff and flow of work to ensure the work is processed accurately, efficiently and
meeting all deadlines including advances and pay downs within complex loan structures.
• Oversaw training of staff, resolve issues with escalated client, customer, and LO issues.
• Implemented a two day call center for outgoing (Cold) calls.
• Implemented marketing strategies, compensation packages to fit within budget, strategic planning
and forecast reporting, key productivity metrics associated with service level achievements.
Washington Mutual Bank, Livonia, MI 01/2000 - 01/2003
Loan/Validating Underwriter
• Underwriting conventional loans and validate systems information against file documentation.
• Used the residential mortgage systems and loan packages to confirm that all information and
figures were correct, identify any discrepancies.
• Underwriting/validated (DTI) debt to income ratios, income and asset calculations, collateral
review and monitoring while conditioning the documentation that support it.

4. • Underwriting DU and AUS findings supporting information stated on application against
program guidelines.
• Used Optis/DU/Loanworks systems.
EDUCATION
Associates Degree - General Business and Associates Degree -Liberal Arts
Schoolcraft College
LICENSE
Realtors License #6501357892 State of Michigan, MI
Notary Public State of Michigan, MI