DAVID K CHUNG
Toronto,ON
Summary
Accomplished Mortgage Professional with 16 years of solid experiences in commercial and multi-residential real estate financing origination, loan administration and mortgage portfolio management. Enjoys exceptional engagement with stakeholders and provide expert advice to clients and partners consistently achieving and surpassing financial goals by leveraging long held relationships with various lenders.
Overview
34
34
years of professional experience
Work History
Mortgage Broker
Mortgage Architects
11.2018 - Current
- Collaborated with and facilitated communications between borrowers and lenders to obtain ideal loans for Real Estate property purchases.
- Assessed clients' financial data to determine loan suitability.
- Established strong relationships with borrowers, which helped to forge new business opportunities.
- Originated both Commercial and Multi-Residential Mortgage Loans
- Performed financial and non-financial analysis for mortgage financing and refinance.
Real Estate Broker
Re/Max Hallmark Realty Ltd.
10.2014 - Current
- Arranged for inspections and surveys of sold properties.
- Worked closely with clients to facilitate appropriate loans, inspections, and credit reports.
- Compared properties possessing similar features to determine competitive market prices.
- Liaised between property owners and prospective buyers to facilitate purchase and transfer of ownership.
- Cultivated strong relationships with agents, lenders and title companies.
- Developed successful marketing strategies to promote properties and maximize exposure.
- Negotiated purchase contracts and lease agreements to establish maximum value for clients.
- Analyzed local real estate market conditions and trends to identify profitable investment opportunities.
- Engaged property management of multi-residential buildings.
Principle Mortgage Broker
Premier Mortgage Bank Inc.
11.2008 - 10.2018
- Collaborated with and facilitated communications between borrowers and lenders to obtain ideal loans for home purchases.
- Assessed clients' financial data to determine loan suitability.
- Advised clients on loan process and specialized topics in home purchasing such as [Topic] and [Topic].
- Established strong relationships with borrowers, which helped to forge new business opportunities.
- Mentored other mortgage brokers in methods to help each land new clientele.
- Collaborated with different lenders to find best possible deal for clients.
- Worked closely with clients to facilitate appropriate loans, inspections, and credit reports.
- Commercial Mortgage Loan Origination with primary, second and tertiary Lender.
Partner
Premier Financial Group Inc.
05.1994 - 11.2008
- Chaired partner meetings to drive discussion of matters important to firm operations, keeping discourse on-topic and moving at efficient pace.
- Spoke with peers to verify task completion, meeting tight deadlines, and schedules.
- Oversaw firm's day-to-day administrative operations, provided guidance to support staff and enforced compliance with state, federal, and local regulations across organization.
- Provided outstanding service to all in house agents and financial advisors, promoting effective, and lasting business relationships.
- Implemented processes to enforce compliance with regulatory standards.
- Networked with other professionals and organizations to expand contacts and opportunities.
- Evaluated productivity and quality of service and made recommendations for improvement to reach firm's short-term and long-term goals.
- Established firm's financial strategy by adequately distributing funds across company, monitoring monthly budget and evaluating results.
- Minimized risk exposure through careful analysis on business operations and strategic plans.
- Managed high net worth clients investment portfolios.
- Provide annual financial review of client's investments and assisted with tax solutions.
Investment Advisor
Nesbitt Thomson Deacon (BMO Nesbitt Burns)
01.1992 - 01.1994
- Met and collaborated with existing and prospective clients to ascertain financial goals and provide recommendations on investment solutions.
- Established key procedures for teams preparing documentation, models, and presentations.
- Generated status reports, brief books and IPO pitches.
- Contacted potential clients to pursue sales and gather funds.
- Met with clients to generate new business and negotiate contracts.
- Collaborated with clients to develop customized investment portfolios.
- Recommended specific investments to help clients meet financial goals.
- Researched current economic trends and investment opportunities to stay abreast of financial markets.
- Presented financial plans and investment recommendations to clients.
- Monitored and updated financial plans to comply with client goals.
- Implemented exit strategies for clients to transition out of investments.
- Analyzed financial needs of clients and developed tailored strategies to meet goals.
- Provided specialized financial planning support for clients with diverse portfolios and individual needs.
- Updated clients on changes in tax laws and other regulations affecting investments.
- Devised comprehensive financial plans for clients to achieve short and long-term financial goals.
- Developed and maintained strong relationships with clients to maximize satisfaction.
- Advised clients on investments, retirement and estate planning.
Investment Advisor
Dominion Securities (RBC Dominion Securities)
05.1990 - 01.1992
- Contacted potential clients to pursue sales and gather funds.
- Met with clients to generate new business and negotiate contracts.
- Collaborated with clients to develop customized investment portfolios.
- Recommended specific investments to help clients meet financial goals.
- Researched current economic trends and investment opportunities to stay abreast of financial markets.
- Presented financial plans and investment recommendations to clients.
- Advised clients on investments, retirement and estate planning.
Education
Real Estate Broker Certificate - The Broker Registration Education Program
03.2019
- Real Estate Broker Course
- Principles of Mortgage Financing
- Real Property Law
- The Residential Real Estate Transaction (Articling)
- General and Commercial Real Estate Transaction
- Land Structures and Real Estate Trading
- Real Estate as a Professional Career
- Private Mortgage Financing
- Real Estate Fraud Prevention
- Real Estate Ethics
Graduate Program - Financial Services Underwriting
04.2007
- Completed Courseworks:
- Mortgage Brokering 101
- Mortgage Software 124
- Mortgage Financing (1) 103
- Introduction to Real Estate Law 105
- Real Property Assessment (1) 106
- Mortgage Law 112
- Introduction to Business 116
- Real Property Assessment (2) 206
- Ethics 212
- Mortgage Financing (2) 224
- Operating a Business 205
- Commercial Mortgages 211
- Mortgage Administration 201
- Debtor and Creditor 203
Certificate - Canadian Securities Courses (CSC®) & (CPH®)
05.1990
Bachelor of Arts - Economics And Finance
04.1990
Skills
- Commercial and Multi-Residential Mortgage Financing
- CMHC insured Term Loans
- Client and Stakeholder engagement
- Processing Mortgage loan applications
- Conducting financial assessments
- Loan application processing & due diligent documentation
- Skilled in Filogix Expert
- Commercial mortgage lending regulations
Languages
English
Full Professional
Affiliations
- Board Member of Living Fountain Orphanage (NGO)
- Youngnak Korean Presbyterian Church of Toronto
Personal Reference
Mr. Matthew Fiacco, Business Advisor, Scotiabank
Tel: 416-590-7844 (x 3000)
Email: matthew.fiacco@scotiabank.com
Mr. Young Min Jin, President, Pleasant Valley Rest Home Inc.
Tel: 416-727-5393
Email: youngminjin57@hotmail.com
Timeline
Mortgage Broker - Mortgage Architects
11.2018 - Current
Real Estate Broker - Re/Max Hallmark Realty Ltd.
10.2014 - Current
Principle Mortgage Broker - Premier Mortgage Bank Inc.
11.2008 - 10.2018
Partner - Premier Financial Group Inc.
05.1994 - 11.2008
Investment Advisor - Nesbitt Thomson Deacon (BMO Nesbitt Burns)
01.1992 - 01.1994
Investment Advisor - Dominion Securities (RBC Dominion Securities)
05.1990 - 01.1992
OREA Real Estate College - Real Estate Broker Certificate, The Broker Registration Education Program
Seneca College - Graduate Program, Financial Services Underwriting
Canadian Securities Institute - Certificate, Canadian Securities Courses (CSC®) & (CPH®)
University of Toronto - Bachelor of Arts, Economics And Finance
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