LELA DEROUEN

17110 WILLOW RANCH DRIVE

HOUSTON, TX 77095
281.256.7104
ldd867d0@westpost.net
HTTP://WWW.LINKEDIN.COM/IN/LELADEROUEN
SUMMARY
Highly-experienced mortgage industry professional with comprehensive background
in primary and second mortgages and capital markets. Expertise includes underwr
iting, auditing and due diligence. Analytical, thorough and methodical; recogni
zed for performing high-quality work in a timely manner in fast-paced environmen
ts. A self-starter who works well both independently and in a team environment;
functions effectively in direct and remote situations.
Skills include
- Loan documentation expertise
- Credit and collateral analysis
- Manual and automated underwriting
- Pay history analysis
- Quality control and assurance
- Process improvements
PROFESSIONAL EXPERIENCE
PNC MORTGAGE SERVICES, a division of PNC Bank N.A., Houston, TX 2009 - 2010
VICE PRESIDENT, QC Risk Management, Auditor III
Evaluated loans to avoid loss exposure by ensuring that risk requirements were m
et and proper controls were functioning.
- Underwrote funded loans for compliance with corporate, government and agency g
uidelines. Consistently exceeded weekly quota for loan reviews, which enabled r
equired monthly reports to be formulated and distributed in a timely manner.
- Identified non-complying loans that posed risk of fraud and referred to specia
l investigations unit for further research.
ROUND POINT MORTGAGE, a division of Round Point Capital Group, Charlotte, NC
2008
EXECUTIVE CONSULTANT
Directed inventory control for companyas private equity portfolios.
- Strengthened financial position by reviewing and recapping collateral of $300M
non-performing legacy loan portfolio.
- Piloted and managed numeric filing system for integrating and categorizing cre
dit and administrative files in unified repository.
- Defined collateral deficiencies and implemented procedures that enabled compan
y to obtain missing documentation necessary for loan sales.
C-BASS LOAN ASSET MANAGEMENT, Houston, TX 1997 - 2007
A subsidiary of Credit Based Asset Servicing and Securitization LLC
VICE PRESIDENT
Managed receipt, tracking and disposition of trailing collateral documents on wh
ole loans and servicing-only portfolio loans. Oversaw collateral reviews for fu
nding and clearance of deficiencies required for financing and auditing of pool
certifications. Supervised and mentored a staff of 2 supervisors and 25 associa
tes.
- Managed team supporting 3500 - 4000 monthly foreclosure referrals that provide
d collateral documentation support to national loan servicing agency with 400K-+
loan portfolio worth $600B.
- Provided attorneys handling foreclosures and bankruptcy with necessary collate
ral documentation required for the servicing portfolio. Consistently met state-
mandated turnaround times, avoiding costly attorney fees and court costs for non
-compliance.
- Created comprehensive procedures to identify and cure collateral deficiencies,
which restored bank line borrowing base and enabled company to receive full val
ue for purchased loans, leading to profit increase of $100M.
- Served on team that innovated and implemented Disaster Recovery Plan to enable
company to continue operations without loss of operating income. As a result o
f Plan, company lost no operating time during occurrence of natural disaster.
- Teamed with IT associates to streamline manual processing procedure into autom
ated database support system, which reduced completion time of trailing document
ation by 50%.
INDEPENDENT CONTRACTOR UNDERWRITING SERVICES, Houston, TX 1992 - 1997
EXECUTIVE UNDERWRITER
Provided underwriting services to companies in Houston and nationwide.
- Managed full asset and credit underwriting, performing due diligence and ensur
ing quality control of secondary market loans for sale and purchase to private s
ector.
- Consulted with client firms by reviewing and analyzing payment histories, mana
ging loan packaging and delivery, and providing agency-specific securitization e
valuation.
ADDITIONAL RELATED EXPERIENCE
RESOLUTION TRUST CORPORATION as Receiver for Louisiana Savings Association FA, L
ake Charles, LA
ASSISTANT VICE PRESIDENT, Loan Servicing Department
MANAGER, Teller Operations and Vault Cash Control
PROFESSIONAL DEVELOPMENT
- FNMA: Desktop Underwriter Authorized User; Basics of Underwriting; Analyzing
Income; Assets and Liabilities; Analyzing Traditional Credit; Appraising Rural
Property; Unacceptable Appraisal Practices; Overview of Appraisal Guidelines; 10
04MC Training; DU Refi Plus; Red Flags and Fraud Market Update
- FHLMC: Loan Prospector; HVE Loan Prospector; Underwriting and Collateral Asse
ssment; Relief Refinance; Underwriting Income and Employment
- Loansafe: Loansafe; Loansafe Workflow and Policy
- Other: Corelogic; Allregs Online User; Lexis Nexis; MBA Essentials of Residen
tial Underwriting; Tax Return Basics
AFFILIATIONS / CERTIFICATIONS
- Texas Mortgage Bankers Association
- Notary Public Commission, State of Texas