This summary provides information on Lori Kaluhikalani's background and qualifications. She has over 15 years of experience in the mortgage industry, currently working as a Senior Quality Control Underwriter at Capital One Bank. Prior to that, she held underwriting roles at NJ Housing Finance Mortgage Agency and as a Quality Control Underwriter. She is knowledgeable about various aspects of the mortgage industry and skilled in tasks like loan underwriting, quality control reviews, training others, and identifying gaps in policies and procedures. She is seeking a supervisory position utilizing her expertise.
Mortgage industry professional with loan-processing experience and a comprehensive knowledge of conventional and government loan programs. Diligent, detail-oriented and thorough in gathering borrower information, verifying loan documents and reviewing file documentation to guide each loan from preapproval to closing.
Mortgage industry professional with loan-processing experience and a comprehensive knowledge of conventional and government loan programs. Diligent, detail-oriented and thorough in gathering borrower information, verifying loan documents and reviewing file documentation to guide each loan from preapproval to closing.
credit rating process in India in details .pptxSudhamathi4
Credit Rating - Meaning
A credit rating is an independent assessment of a company's or government entity's creditworthiness in general terms or with respect to a particular debt or financial obligation
Credit Rating - Meaning
Credit rating is an opinion of the relative capacity of a borrowing entity to service its debt obligations within a specified time period and with particular reference to the debt instrument being rated.
History of Credit Rating
The credit rating system originated in the United states in the 70’s.
The high level of default, which occurred after the great depression, in the U.S. Capital markets, gave the impetus for the growth of credit rating.
The default of $82 million of commercial paper by Penn central in the year 1970, and the consequent panic of investors in commercial papers, resulted in massive defaults and liquidity crisis.
This prompted the capital issuers to get their commercial paper programs rated by independent credit rating agencies.
Importance of Credit Rating
Credit rating helps in the development of financial markets.
Credit rating enables investors to draw up the credit–risk profile and assess the adequacy or otherwise of the risk–premium offered by the market.
It saves the investors, time and enables them to take a quick decision.
Issuers have a wider access to capital along with better pricing.
It acts as a marketing tool for the instrument, enhances the company’s reputation and recognition.
Credit rating is a tool in the hands of financial intermediaries.
Credit rating helps the market regulators in promoting stability and efficiency in the securities market.
Credit Rating Process
Credit Rating Process
Features of Credit Rating
Specificity
The rating is specific to the debt instrument
It is intended as a grade and an analysis of the credit risk associated with that particular instrument.
Relativity
The rating is based on the relative capability and willingness of the issuer of the instrument to service debt obligations in accordance with the terms of the contract
Guidance
The rating aims at furnishing guidance to investors/ creditors in determining a credit risk associated with a debt instrument/ credit obligation.
Not a Recommendation
The rating does not provide any sort of recommendation to buy, hold or sell an instrument since it does not take into consideration, factors such as market prices, personal risk preferences and other considerations which may influence an investment decisions.
Broad Parameters
The rating process is based on certain broad parameters of information supplied by the issuer, and also collected from various other sources, including personal interactions with various entities.
No guarantee
The rating furnished by the agency does not provide any guarantee for the completeness or accuracy of the information on which rating is based.
Quantitative and Qualitative
While determining the rating grade, both quantitative as well as qualitative factors are employed.
Advantages
Advantages
Caroline Evans Resume of Employment HistoryCaroline Evans
My resume of employment explains every professional facet I accomplished over my years, I am currently looking to expand my career within the Financial and Real Estate industry.
1. LORI KALUHIOKALANI
2126 Harbour Drive
Palmyra, NJ 08065
856-287-1481
ucanrelx18@gmail.com
https://www.linkedin.com/in/lorikalani
OBJECTIVE
I am seeking a supervisory position which is related to any of my areas of expertise. My
long term interest is in a position that involves Training others in my industry.
SUMMARY
Knowledgeable of many aspects of the mortgage industry, quality minded and motivated to
achieve and surpass goals. I am an excellent team member who can be counted on to share ideas
and be helpful to others.
Self-Starter Excellent analytical skills Goal Oriented
Detail Oriented Problem solver Self-Confident
Critical Thinker Time Management Strong Work Ethic
CAPITAL ONE BANK, N.A. December 2012 – Present
SR. Quality Control Underwriter
Summary: Perform investigations on loans for the purpose of reducing fraudulent activity.
Maintain sound knowledge of company’s assessment tools to ensure compliance for our
Investors. Evaluate 35-50 statistical, discretionary and targeted reviews per month, and review,
analyze and re-verify that all policy and procedures were followed per company guidelines and
investor guidelines.
• Facilitate the training of all new Quality Control associates and contractors, including
developing training materials to provide guidance and support for all team members.
• Develop training material for all new associates to perform the job duties within the computer
systems for input and output of information required to perform the job tasks.
• Introduced complied information and implemented a new review within the department for
Home Equity loan reviews.
• Identify gaps in the policy and procedures and underwriting guideline in order to review and
communicate the required changes within the business.
Capital One Confidential
2. Page 2
NJ HOUSING FINANCE MORTGAGE AGENCY Sept 2011 – December 2012
HHF Underwriter I:
Summary: Communicated with the loan applicants to obtain necessary mortgage documentation.
Reviewed and underwrote 5 loans a day including any clearing of conditions from Re-submitted loans. I
coordinated with closing and processing associates to ensure accurate and timely mortgage closings.
Reviewed HHF common data verification records to determine loan eligibility for the program, ensure the
applicant is qualified to participate in the program, enter the required loan information into the database
and underwrite loans according to HHF policy and procedures.
• Trained new underwriting associates in the Home Keeper program policy and procedures.
• Advised and trained the processing and servicing associates regarding income qualifications,
document control, and policy procedures of HHF program guidelines.
• Performed second level reviews of loans that were recommended for denial prior to the issuance of
the statement of denial to ensure the applicant was not able to qualify for HHF program.
MORTGAGE CONSULTANT
Quality Control Underwriter June 2004 – September 2011
Summary: I was an underwriter analyst and re-underwrote fraudulent loans to discover
deficiencies to determine or verify fraud. Reviewed closed loans for eligibility for
compliance and risk using assessment tools that provide a decision on mortgage loans. I
professionally communicated the results of my findings both verbally and in written
format to internal and external customers. Re-calculation was performed of complex tax
returns and complex financial statements.
• Promoted from an underwriter analysts to the Quality Control function reviewing the
work of fellow underwriter analysts within the team.
• Certified by the FDIC to perform reviews.
• Expertise in all types of loan reviews such as Conventional loans (conforming and
non-conforming), Arm products, Reverse mortgages and 2nd
lien products. Particular
types of reviews performed were FDIC reviews, Fraud investigation, Data Scrub,
Scratch and Dent, and non-performing reviews.
• I was hand-picked to work on large projects exclusively with firms such as JP
Morgan/Chase, GMAC, PNC/National City and certified FDIC reviews.
EDUCATION
Computer Science Major, Gloucester County College (obtained 30 credits)
SKILLS
Operating systems: Microsoft Word, Excel, Access, PowerPoint and Outlook, Calyx Point,
Cogent, Empower and Encompass.
Capital One Confidential