Malaya Allen

Senior Underwriter, AVP at Morgan Stanley

New York, New York, United States

About

Experience

  • Senior Underwriter, AVP at Morgan Stanley
    Aug 2012 - Present · 13 yrs 11 mos

    • Completes final analysis of the financial and collateral eligibility to approve escalated transactions from junior underwriters, prior to releasing credit approval. • Structured and approved financing for complex self-employed borrowers in tailored financing transactions, while maintaining a below average rate in quality control. • Identified 10 improvement strategies for underwriting procedures through monthly quality assurance reviews. • Created a pre-closing procedures process which resulted in a substantial reductions in the risk associated with the origination of mortgage loan. • Collaborates with Private Bankers, Underwriters, and Morgan Stanley Legal on trust and LLC vesting approvals. • Created procedural practices to ensure accuracy, resulting in 50% reduction to department’s quality assurance error rate. • Provides training and mentoring to new hires as well as junior underwriters on guideline enhancements and compliance updates. • Independently manages and prioritizes daily pipeline request with finite lock periods, to avoid delays and or/extensions. • Consistently handles confidential information in a professional manner.