Heather Scruton

Evaluated loans against portfolio and investor guidelines to ensure compliance.

• Executed underwriting decisions on loans up to $2,000,000 across multiple departments.
• Analyzed applicant assets, income, and credit history to assess repayment capacity.
• Prepared detailed reports on underwriting findings and recommendations for stakeholders.
• Maintained current knowledge of evolving lending regulations and guidelines.
• Ensured loans adhered to underwriting guidelines for government-sponsored entities (GSEs).
• Communicated loan decisions clearly, including approvals and denials, to relevant parties.
• Reviewed appraisals, title commitments, and sales contracts for mortgage loan compliance.

• Established and executed client onboarding processes in alignment with AML policies.
• Coordinated Wholesale Client Onboarding, engaging stakeholders across business units and compliance.
• Guided Relationship Managers on client outreach and key policy requirements.
• Conducted analyses including screenings and assessments for PEP, sanctions, and organizational structure.
• Completed Professional Judgement assessments identifying high-risk factors and mitigation strategies.

• Maintained high quality standards for KYC, reviewing investigative files to develop clear conclusions.
• Evaluated KYC records to ensure regulatory compliance and accurate risk assessment.
• Reviewed AML analysts' work for quality control prior to submission to assurance teams.
• Conducted assessments of bank and brokerage accounts to meet regulatory expectations.
• Applied sound judgment to mitigate risks during analysis at each decision point.
• Identified gaps in customer data by reviewing KYC documentation and requesting additional information as needed.
• Collaborated across business lines to resolve issues and enhance communication efficiency.
• Demonstrated strong understanding of AML, BSA, USA PATRIOT Act, and OFAC requirements.

• Launched ROL and assumption department to streamline loan processing.
• Executed manual underwriting for ROL and assumption loans, ensuring compliance with standards.
• Approved mortgage loans and authorized disbursements after thorough documentation analysis.
• Trained underwriters, processors, and managers on specialized programs enhancing customer offerings.
• Conducted independent credit analysis beyond FICO for accurate loan eligibility assessments.
• Evaluated exceptions and rejections; recommended alternative mortgage products for applicants.
• Exercised underwriting authority for assumptions and ROL loans up to $750K and up to $500K for Home Equity loans.
• Possessed extensive knowledge of credit rating factors impacting FICO scores.

• Underwrote home equity loans as a temporary contractor, ensuring accuracy and compliance.
• Collaborated with 9 processors to expedite loan closings efficiently.