Mary Lou Powell
About Mary Lou Powell
Mary Lou Powell is the Director of Bulk Whole Loan Contracts at Ally, with extensive experience in credit risk management and real estate owned (REO) properties.
Current Position at Ally
Mary Lou Powell has been serving as the Director - Bulk Whole Loan Contracts at Ally since 2012. Located in the Charlotte, North Carolina area, she is responsible for overseeing and managing bulk whole loan contracts. Her extensive experience in credit risk management and regulatory compliance makes her a key asset to Ally in handling complex loan agreements.
Previous Role at First Reliance Bank
Before her current role, Mary Lou Powell worked at First Reliance Bank as the Vice President - Enterprise Risk from 2011 to 2012. During her 10-month tenure in Florence, SC, she was involved in managing enterprise-level risk, ensuring the bank’s operations met regulatory and compliance standards.
Experience at South Carolina Department of Revenue
From 2008 to 2011, Mary Lou Powell was the Property Tax Operations Manager at the South Carolina Department of Revenue. In this role, she managed property tax operations, which involved overseeing the appraisal and valuation processes across the state, adhering to state tax laws and regulations.
Bank of America Tenure
Mary Lou Powell worked as Vice President & Lender Management Executive at Bank of America from 2005 to 2008 in Florence, SC. In this capacity, she played a significant role in lender management, including risk assessment and credit administration, contributing to enhancing the bank's lending procedures and risk mitigation strategies.
Educational Background
Mary Lou Powell has a rich educational background in law and finance. She earned her J.D. from Stetson University College of Law from 1990 to 1992. She also holds a BS in Finance from the University of South Florida - College of Business Administration, completed between 1987 and 1989. Additionally, she obtained an appraisal license from SC Labor Licensing & Regulation in 2008 after completing 11 months of study.