Lily Sung

Regulatory compliance professional with 10+ years of experience serving banks, credit unions, and mortgage institutions, specializing in HMDA data integrity, consumer lending and deposit compliance testing, and risk-based compliance reviews. Led HMDA program reviews and a LAR resubmission that received a “Pass,” validated 100,000+ loan and transactional records, and supported OCC Consent Order look-back reviews conducted under direct federal regulatory oversight. Skilled at evaluating the adequacy of internal controls, documenting and tracking exceptions, researching and interpreting regulatory requirements, and translating findings into clear, decision-ready reports for management.

Has passed the ABA CRCM exam and brings additional expertise in forensic accounting and tax.

Sr. Consultant, Fraud & Compliance - JW Infinity Consulting LLC - Remote

(2025-11)

Financial fraud investigations, fund tracing, AML red-flag analysis, and litigation and bankruptcy support.

• Led an end-to-end financial fraud investigation of a Chapter 11 bankruptcy estate, reconstructing years of bank records and uncovering $6M+ in fraudulent transfers and corporate fund misuse; authored the court-submitted examiner’s report that led to the appointment of a Chapter 11 trustee.
• Traced funding sources and fund flows across multiple bank accounts to identify AML red flags, suspicious activity patterns, and fraudulent transactions.
• Supported the Chapter 11 trustee with asset recovery, creditor distribution, and liquidation analyses, including valuing a $48M distressed auto loan portfolio at $17M net equity; built valuation, damages, and solvency models for expert witness reports.

Tax Consultant - Independent Practice - Land O’ Lakes, FL

(2024 - 2025)

Provided tax preparation and consulting services for individual and small-business clients, researching and applying IRS and state tax guidance.

• Ensured client compliance with IRS and state filing requirements by reviewing source documentation, identifying discrepancies before filing, and monitoring tax law changes affecting client returns.

Senior Consultant / QC Specialist / Team Lead - Treliant Risk Advisors - Remote

(2016-02 - 2024-11)

Regulatory compliance testing, HMDA program reviews, deposit operations compliance, and QC leadership for national and regional banks and credit unions.

• Completed 30+ regulatory compliance engagements across consumer, mortgage, and deposit products, from origination through servicing and foreclosure, for national and regional banks and credit unions.
• Led multiple concurrent HMDA projects analyzing 10,000+ HMDA records reportable to the CFPB; executed LAR audits and risk-based data validations, identified exceptions, and prepared stakeholder reports communicating key risks and inefficiencies.
• Collaborated with business and compliance stakeholders to align compliance risk solutions with business needs, playing a pivotal role in the successful resubmission of a client’s HMDA Loan Application Register (LAR), which received a “Pass.”
• Conducted an end-to-end review of a client’s HMDA program for Reg C compliance; recommended procedure enhancements and process updates to ensure timely, accurate annual LAR filing.
• Oversaw User Acceptance Testing (UAT) for an operational risk technology initiative implementing cloud-based HMDA automation software, reducing reliance on manual processes and minimizing reporting errors.
• Executed compliance testing and second-level QC reviews of 100,000+ loan and transactional records, documenting exceptions, prioritizing the highest-risk areas, and completing all testing accurately and on time.
• Performed TRID fee tolerance reviews for credit unions and tested mortgage and consumer loan files for RESPA (Reg X) and TILA (Reg Z) compliance, including HUD-1/GFE settlement cost analysis, interest and fee calculations, credit reviews, and SCRA protections.
• Updated compliance policies and procedures for a regional bank merger, aligning the combined institution’s practices with applicable regulatory requirements.
• Reviewed deposit practices, stop payment processes, and Reg E error resolution procedures; managed fee refunds and customer disclosure letters; and approved bank card cancellations and reissuances, ensuring accurate account status updates.
• Performed control environment assessments to identify coverage gaps and verify control design and implementation; assessed UDAAP risk and remediated EFTA violations under Consent Order requirements.
• Served as subject matter expert and Test Lead: planned and assigned work for multi-member reviewer teams and trained new and established team members on deposit operations and Reg E compliance.

Consultant - Navigant Consulting - Washington, DC

(2012-09 - 2016-02)

Regulatory compliance consulting for mortgage servicers and banks, including OCC Consent Order foreclosure look-back reviews.

• Built a complete set of flood insurance compliance policies and procedures for a mortgage servicing company; identified areas of noncompliance and established remediation plans for affected loans.
• Managed client and third-party vendor workstreams to resolve all flood compliance issues by established deadlines; extended the policy framework to hazard insurance, lender-placed insurance, and loss draft processes.
• Performed mortgage origination compliance reviews for a commercial bank under ECOA (Reg B), FCRA, HMDA, QM/ATR, RESPA, SAFE Act, and TILA; developed and executed test plans, verified loan data accuracy, and tracked regulatory changes.
• Analyzed 6,000+ HMDA LAR transactions for data integrity and supported findings analysis for client final reports.
• As a member of the Valuation and Financial Risk Management team, reviewed loss mitigation and foreclosure files for a nationwide mortgage servicer under an OCC Consent Order look-back; verified servicer NPV, DTI, and other key financial calculations.
• Tested SCRA compliance for an OCC Consent Order foreclosure look-back, reviewing servicer interest rate and fee calculations and calculating remediation for harmed borrowers.
• Coordinated intake and review of 20,000+ borrower complaints, evaluating allegations to identify potential borrower harm during the foreclosure process.

Tax Consultant & Bookkeeper / Owner - ML Services - Multiple Locations

(2010-12 - 2013-09)

• Founded a tax consulting and bookkeeping firm; prepared individual and small-business returns; researched IRS, state, and GAAP guidance; and built a 400+ client base in the first year.

Audit Associate - Merkle Inc. - Hagerstown, MD

(2011-05 - 2012-01)

• Reconciled and processed client bank deposits and payments and produced audit report summaries under tight deadlines while safeguarding confidential client information.

Master of Liberal Arts - Business Management - Harvard University Extension School, Cambridge, MA

Bachelor of Arts - Economics - Berea College, Berea, KY