Paul Porto is an Award-winning Senior Leader with a successful operational track record as Regulatory Champion, Audit Expert, Solution Advocate and Change Agent and is highly skilled in managing large-scale audit engagements, full-scale compliance reviews and creating comprehensive processes and controls in commercial and government environments.
For over 15 years Paul has held responsible positions in the mortgage servicing industry while handling hundreds of audits and remediations for large numbers of diverse clients which requires a keen awareness of customer needs and strong relationship and project management skills.
Paul has led large teams of auditing professionals and been involved in developing quality control plans. He has also established solid abilities in coordinating all aspects of project planning, process development, resource allocation, team formation, requirements analysis, file updating, and problem resolution.
Most recently, Paul was a Compliance Examiner Manager at Freddie Mac. Specifically, he was responsible for monitoring the compliance of 100 plus mortgage servicers to the United States Department of Treasury’s Making Home Affordable Program (MHA). In this role, Paul was responsible for forming, training and supervising teams of compliance audit professionals through complete audit processes, including initial assignment, status updates, work scope definition and ongoing monitoring. He also performed independent compliance assessments and servicer reviews per compliance issues and MHA requirements, authored, implemented, and updated policies and procedures as needed, reviewed audit work papers for accuracy and prepared final audit reports with findings and recommendations for corrective actions. The final audit reports were delivered to the United States Department of Treasury and the mortgage servicers.
Prior to Freddie Mac, Paul was the Director of Quality Control at the largest mortgage originator in the United States. He developed and deployed a comprehensive Quality Control Plan from scratch while managing the quality control analysts. Additionally, he authored investigation reports on potential fraud for lenders and regulatory agencies, tracked industry press and updated best practices per mortgage industry requirements.
For additional information regarding Paul’s professional background, please visit: https://www.linkedin.com/in/paul-porto/.