Hin-Kar Sonny Lau

Experience

• 

  PHH Mortgage

  Jan 2003 - Sept 2017

  Analyst - Capital Markets

  Delivered files to investor upon settlement for due diligence audit, verified the validity of audit conditions, and clarified for resolution. Identified and communicated due diligence findings to business leaders to raise awareness of underwriting fails and to corrected issues at root.• Cultivated, built, and maintained strong relationships with current investors and due diligence firms, enabling advantageous flow of information.• Drove revenue growth of over $350M in each of the past 4 years in Non-Conforming loans by establishing and sustained strong relationships with investors.• Created various reports to senior managements: analytical, statistical, progress.• Accurately authenticated loan level data for investors.• Review, addressed, and repealed due diligence findings in compliance with regulatory and company guidelines.• Formulated cures for loan defects and implemented enhancements preventing future defects.• Organized cross functional meetings to address compliance, credit, TRID defects with business leaders, increasing awareness.• Provided data, analytics and documentations to support defects during meetings with business experts.• Maintained and updated database, notifying traders when loans approved for purchase. Show less

• 

  Republic Bank - PA, NJ, & NY

  Nov 2017 - Apr 2024

  • Responsible for the gathering of all proper due diligence for new loans and/or loan modifications which includes but not limited to: appraisals, credit reports, title insurance, various searches• The accurate preparation of closing documentation for all retail loan products• Must ensure the timely delivery of regulatory compliant early disclosures and notices of declination• Coordinate loan closings• Responsible for pipeline tracking and the coordination of the disbursement of loan proceeds• Must work with the Consumer Lender and Stores in the clearing of underwriting stipulations• Responsible for the review of all originated new loans and declinations for HMDA compliance and subsequent reporting• Will follow up and monitor any and all retail post-closing exceptions to ensure timely and accurate resolution to the reported issues• Comply with Truth in Lending and Safe Acts and NMLS standards regarding any lending activity falling with these regulations and guidelines, including properly applying for and renewing the MLO number, complying with any background checks associated with obtaining an MLO number, completing all required training as offered through Republic Bank University; as well as using the number properly in communications and documentation as noted in the Bank's policy.• Compliance with all regulatory requirements such as, but not limited to, BSA/ AML, GLB/Privacy, Ethics for Bankers, and Pretext Calling and Identity Theft. Show less

  • Consumer Closing Officer

    May 2021 - Apr 2024

  • Post Closing Coordinator

    Nov 2017 - May 2021
• 

  Fulton Bank

  Apr 2024 - Nov 2024

  Consumer Loan Closing Officer

  Responsible for the gathering of all proper due diligence for new loans and/or loan modifications which includes but not limited to: appraisals, credit reports, title insurance, various searches• The accurate preparation of closing documentation for all retail loan products• Must ensure the timely delivery of regulatory compliant early disclosures and notices of declination• Coordinate loan closings• Responsible for pipeline tracking and the coordination of the disbursement of loan proceeds• Must work with the Consumer Lender and Stores in the clearing of underwriting stipulations• Responsible for the review of all originated new loans and declinations for HMDA compliance and subsequent reporting• Will follow up and monitor any and all retail post-closing exceptions to ensure timely and accurate resolution to the reported issues• Comply with Truth in Lending and Safe Acts and NMLS standards regarding any lending activity falling with these regulations and guidelines, including properly applying for and renewing the MLO number, complying with any background checks associated with obtaining an MLO number, completing all required training as offered through Republic Bank University; as well as using the number properly in communications and documentation as noted in the Bank's policy.• Compliance with all regulatory requirements such as, but not limited to, BSA/ AML, GLB/Privacy, Ethics for Bankers, and Pretext Calling and Identity Theft. Show less