LORI L.

ROBERTS
Albany, NY
I am a Manager in the Securitization Services Advisory group, specializing in lo
an servicing functions with Deloitte & Touche, LLP. I have worked in the bankin
g industry for 20 years, managing and performing all aspects of servicing functi
ons for residential, multifamily and commercial mortgages, as well as consumer l
oans, auto loans and commercial loans.
I have extensive hands on experience and knowledge in Investor Reporting, Primar
y and Master Servicing, as well as servicer oversight. My knowledge has been co
ntinuously developed and expanded through my diverse banking industry experience
with the Troy Savings Bank, Freddie Mac Multifamily Division, IndyMac Bank, Nor
th Fork Bank, and currently with Deloitte.
Work History:
* Deloitte & Touche, LLP (2005 - Present): Securitization Services Manager
* North Fork Bank (2003 - 2005): Vice President Mortgage Administration
* IndyMac Bank (2002 - 2003): Assistant Vice President, Master Servicing - Inve
stor Services
* Freddie Mac - Multifamily Division (2000 -2002): Servicer Accounting Supervis
or
* Troy Savings Bank (1989 - 1999): Loan Operations Manager
Selected Clients Served:
* Countrywide
* Deutsche Bank
* Freddie Mac
* TIAA-CREF
* Radian Insurance
* Redwood Trust
* Southwest Business Corporation
* LNR Partners, Inc.
* First Marblehead Corporation
* Option One Mortgage Corporation
* Department of Education - Federal Student Aid
* FDIC - RAC Contractor in the role of Asset Manager
* Bank of New York Mellon
Selected Consulting Engagements:
* Preparation of test plans, perform walkthroughs and create gap analysis matric
es related to Sarbanes-Oxley compliance.
* Perform regulatory audits for compliance with Reg AB and USAP criteria.
* Reg AB servicer assessment review and recommendations for revisions on policie
s & procedures related to overall servicing functions and specific securitizatio
n functions.
* Identification and research of regulatory compliance related to commercial mor
tgage practices to assistance in development of new loan products.
* Conversion of commercial mortgage servicing and accounting functions to an out
sourced servicing vendor. Developed and managed issues list, oversight procedure
s and all daily processes related to the conversion.
* Assist in determining loan performance indicators and ratios.
* Review of PSA's to identify key roles and responsibilities.
* Perform Consulting and Agreed-Upon Procedures engagements as it relates to var
ious client servicing roles.
* Assist in the identification, development and implementation of newly regulate
d student loan purchasing programs.
* Managed $300M Commercial Loan Assets at a failed Bank for over a year. Strateg
ized liquidation of assets at the highest rate of return for depositors while ma
intaining compliance with FDIC Guidelines.
Functional and Operational Management:
* New Loan review, set-up & maintenance - Documentation review to ensure complia
nce with all applicable loan documents. System set-up and maintenance of all new
mortgages and modifications to existing mortgages.
* Escrow Administration (Taxes and Insurance) - Tax and insurance records set-up
and maintained on each mortgage. Managing disbursements of required vendor paym
ents and escrow analysis preparation.
* Cashiering Process - Cash processing and daily balancing of all payments recei
ved. Suspense monitoring and research to clear all unposted items.
* Payoff Processing - Processing of payoff quote calculations, cash receipts and
preparation of mortgage release documentation, including commercial and multifa
mily loans.
* ARM Loan Processing - Document review and set-up of ARM criteria. Monitoring a
nd managing loan calculations and payment change processes (rate & payment reset
s).
* Customer Service - Managed customer calling queue and all customer inquiries,
requests and research items.
* Document Tracking - Managed the tracking of outstanding legal documents includ
ing researching online county clerk offices and contacting legal counsel.
* Acquisition Coordination - Integral member of a Due Diligence team to research
and report on bank servicing policies related to pending acquisitions. Reconcil
ed and managed conduit bulk loan acquisition activities.
* Loan portfolio conversions - Prepare, reconcile and coordinate loan servicing
transfer files.
* Mortgage Documents - Managed mortgage assignment requests and mortgage satisfa
ction preparation.
* Loan Modifications - Reviewed all mortgage security modification agreements an
d performed system data maintenance in accordance with the modifications. Monito
red servicers to ensure all modified terms were adhered to.
* Custodial Bank Account Reconciliations - Reviewed monthly custodial account re
conciliations. Researched and tracked aged unidentified items until cleared from
account.
* Compliance - Work very closely with compliance officers to assist with interna
l & external regulatory audits related to servicing processes and procedures. Pe
rformed on-site servicer audits and due diligence projects on an annual basis to
identify servicers who are not in compliance with servicing guide regulations.
Served as subject matter expert for all internal & external regulatory audits re
lated to servicing processes and procedures.
* Reconciliation of Servicer Reports (as Master Servicer) - Daily review and rec
onciliation of servicer reporting and remittances. Research and resolution of al
l loan discrepancies. Upload and reconcile monthly remittance reports to identif
y and clear discrepancies.
* Development of Systems - Key person in the development of servicing systems as
the business unit owner. Performed UAT testing for all system enhancements and
fixes. Trained staff and external servicers on how to incorporate changes. Admin
istered training for upgrades with Alltel (CPI), SBO2000 & identified necessary
corrections.
* Investor Reporting - Performed and managed all investor reporting processes fo
r loans sold to various investors including, Freddie Mac, Fannie Mae & Private B
anks. Sold loan products include Participations, ARM's, Construction loans, revo
lving LOC's, RMBS & CMBS. Reconciling of loan sale proceeds against system entri
es. Maintained compliance with all governing documents, agreements and servicing
guidelines. Prepared and reconciled system reports and remittances accordingly.
* Managerial Reporting - Prepared and monitored various managerial reports, rese
arched and resolved discrepancies with accounting department and all other depar
tments requesting assistance.
* Asset Manager - Stratification of failed bank assets, implemented liquidation
resolution strategies while servicing the assets in accordance with FDIC guideli
nes.
Education:
Russell Sage College - Junior College of Albany - Albany, NY