Remove or demote the friends and family members who are using their relationship to the founders for their own gain. Promote based on ability and results. Pay more attention to the practices of those down the management chain. Show appreciation to the staff, these are the best people in the business and they are all working extremely hard for little to no appreciation.
I have worked with virtualization in the past, however at PennyMac, the technology was new and there was a lot of bugs that still needed to be worked out. There was little leadership for the IT infrastructure department and as a result the environment was plagued with repeating service outages from routine maintenance and updates of the virtual environment. There was also no follow through from the lessons learned and root cause analysis that were performed during each of the outages.
compliance function as well as broad experience in evaluating, structuring and underwriting all aspects of credit transactions Consumer Mortgage & commercial banking professional with broad experience in the loan review, underwriting and. Well developed expertise and formal training related to FHA, FNMA and FMLMC, VA Mortgage Underwriting and Examinations, as follows:
? Residential mortgage underwriting policies and procedures, investor guidelines and regulatory frameworks.
? Complex credit analyses relating to underwriting processes and compliance reviews that ensure the accuracy and completeness of transactions performed under tight timelines and in conformance with bank procedures.
? Direct experience developing and reviewing Appraisals, and an understanding of complex tax documentation.
? Relationship management with customers and business partners on loan decisions and underwriting guidelines.
? Familiar with LP and DU underwriting processes.