Consumer Loan Underwriter Resume Example
Personal Profile Highly articulate driven, experience in balancing priorities for short-term and long -range goals highly astute, energetic, and team spirited with a strong work ethic able to fill numerous financial, banking, and mortgage roles. Accurate, and precise and highly ethical in all work related assignments, able to immediately contribute to corporate financial goals and objectives. Skilled ability with over 12 years of experience in financial and banking institution, with Federal Regulatory reviews. Extensive experience with FHLMC, Fannie Mae and Freddie Mac, with McCall case study significant level of success in finance, and banking in areas of private investment. Outstanding comprehension of financial elements including assets, liabilities, cash flow, risk analysis, fraud investigation, credit review, and financial statements. Performed all legal reviews for securitization assets during the resale to Fannie Mae, Freddie Mac financial institutions and private investors. Qualification History Fraud Detection Investigation Loan Analysis Reconciliation Risk Analysis Claims Asset Liquidations Collateral Review Scratch & Dent Investors Sale FDIC Deposits Audit Quality Assurance Appraisal Reviews Underwriting Foreclosures Credit and Compliance Bankruptcy Foreclosure Credit Review Loss Mitigation and Hamp Modification
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- Fraud Detection Investigation Loan Analysis Reconciliation
- Risk Analysis Claims Asset Liquidations Collateral Review Scratch & Dent
- Investors Sale FDIC Deposits Audit Quality Assurance
- Appraisal Reviews, Front line and Back end Underwriting with DU/LP, AUS Findings, Auto & Manual. FDIC Security Clearance.
- Responsible for reviewing, analyzing, approving and underwriting large, unusual or complex individual consumer requests and products within company and industry guidelines.
- Dependent on division and complexity of underwriting, functions may include: Reviewing financial statements, Evaluating; examining transactions to ensure accuracy and completeness. Ensuring that documents are consistent and uphold to company and industry guidelines.
- Responsibility included evaluating default mortgage servicing loans and files during the Claim Review process, to determine if all required mitigation activities were handled and documented in accordance with BAC requirements.
- Review proprietary modification or other programs' requirements.
- Ensure that all required processes and procedures were followed; system of record notated, documentation available/imaged and appropriate borrower communication (verbal and written) was performed accordance to SD Directives/Internal Operating Procedures.
- Review files in their entirety, and provide a recommendation whether or not any errors, misrepresentations or other deficiencies that may be identified in the review resulted in financial injury to the borrower or the mortgagee.
- Review Foreclosure loans, evaluate whether or not they were processed in accordance with HAMP, Proprietary Modification or other applicable program guidelines and requirements.
- Review and compiles fully documented loan histories, imaged documents.
- Residential and Commercial Due Diligence Analysis
- Acquisitions of master loan files with related loans associated, for retail commercial loans.
- Review Environmental due diligence during commercial real estate and transactions that included Phase I and Phase II Environmental site assessments.
- Reviewed Building Drawings - CAD drawings relating to the construction of the buildings, and the current occupancy, layouts, etc.
- Reviewed Standard Form Agreements, Confidentiality Agreement, Purchase and Sale Agreement, Participation review, collateral pledge agreement reviews, cross collateralizations, partial releases, interest reserves, UCC verification, articles of incorporations, property tax review, guarantee and guarantors approvals, construction to perm, construction permits and bonds approval, land, lot, parcels, and block review for purchases, refinances, and modification agreements, loan summary and appraisal review.
- Perform the review and approval for consumer loan requests, fina.
- Perform the review and approval for consumer loan requests, financial statement review, analyze credit reports and related ratios (Debt ratios, loan-to-value) * Ensure compliance, accuracy and completeness with loan * Evaluate the loan file documentation to determine if a loan should be approved or denied and upholds to guidelines and industry standards. And risk assessment for both lender and investor with final loan decision approval. AUS finding, DU/LP, FHA/VA and ensures accurate pricing has been established with guidelines. Ensures the appraisal and title insurance meet required guidelines per Fannie/Freddie Mae
- Responsible for loan reviewing, analyzing, approving and underwriting between 5 - 10 loans.
- And moderate individual consumer request and products within company and industry guidelines.
- Evaluate and ensure overall loan documents are accurate, complete, and compliant; reviewing of financial statements, credit reports, applicable ratios (Debt ratios, loan to value) and other supporting documentation; using an automated scoring system and or traditional underwriting to determine acceptability of moderate request; contacting customers and partners to gather information to make appropriate decisions, explain rational behind credit decisions; staying abreast of any chances underwriting provisions; working with production to resolve questions when possible.
- Perform an effective synthesis of the identified risks factors, workout review and make arrangements for repayment plan of the loan.
- Inbound and outbound collections calls, mitigate any losses, defer payment if necessary, and calculate for possible losses.
- Skip traces all potential family members for customer contact using skip trace tools.
- Gather evidence to substantiate whether fraud has occurred.
- Check for warning signs and researched all fraud risk factors.
- Discuss with FBI agent any information to concur proper findings, make any additional inquiries in order to gather or corroborate a wide variety of information to help identify fraud.
- And make a report of conclusive evidences of a risk fraud factor.
- Underwriting/ Due Diligence Auditor/ Quality Assurance.
- Underwrite manual and auto computer systems for purchase and refinance loans.
- Audit, arms and fix rate loans, decision and credit risk review, determine borrower's ability, mortgage insurance review, risk base pricing, relationship base pricing, loan amortization, fees and points review, truth in lending disclosure (Reg Z), review mortgage notes, review and interpret the appraiser's estimate of market value for purchases and or refinance loans.
- Calculate LTV ratio and insure debt to ratio is in compliance with Fannie Mae and Freddie Mac, FHA and VA, DU and LP, guidelines, income review, review assets and seasoning for purchase loans, review title policy and insure all title issues are resolved. Review bankruptcies, foreclosure, repossessions, and judgments to ensure loan meets conditional approvals.
- Review appraisal and classification of assets, comprehensive analysis of liabilities; accurate determination and analysis of capital
Windows, excel/macros, word perfect, Microsoft word, Clues, and other MS application, File Imaging System for loan documents, MSP fidelity, Lexis Nexis, AVM, and AUS, Sitex Data System for Appraisal Reviews. AS400, Iportal, Accer, Homer Saver, Home Base, and Lending Process System
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Resume Overview
School Attended
- University of North Texas /Paralegal (PDI)
Job Titles Held:
- Consumer Loan Underwriter
- Senior Claim Reviewer
- Commercial & Residential Due Diligence
- Sr Loan Underwriter
- Fraud/Skip Tracer Specialist
- Loan Due Diligence
Degrees
- High School Diploma : Bus/Law
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