Mortgage Loan Originations Underwriter Resume Example
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MORTGAGE LOAN ORIGINATIONS UNDERWRITER
Summary
Dedicated and focused team member who excels at prioritizing, completing multiple tasks simultaneously and following through to achieve project goals. Seeking a role of increased responsibility and authority
Education
B.A, Business AdministrationTexas Southern University － City, State, US
Business Administration
Experience
Mortgage Loan Originations UnderwriterAug 2010 to Current
Fitzsimons Credit Union
Fitzsimons Credit Union
- Procure new loan applications that result in funded loans.
- Request and gather relevant information/documents from the borrower to complete the application, its structure and all loan disclosures.
- This must be done in coordination with processing as well as underwriting.
- Adhere to all BOA standards, including, but not limited to production minimums and customer service.
- Monitor the process and communicate effectively with the borrower and all other parties to the transaction on the status of the loan
- Coordinate the flow of information to all concerned parties
- Prospect for new loan applications by meeting with and presenting products to potential referral sources such as realtors, CPAs, financial planners and past clients
- Stay current with required continuing education, new products, Freddie Mac and Fannie Mae guidelines, BOA guidelines/overlays, and HUD guidelines
- Maintain contact with past clients to promote Envoy's products
- Comply with local, state and federal laws regarding loan review
- Review and qualify residential loan submissions issuing approvals in compliance with federal, state and company guidelines.
- Examines loan documentation for accuracy and completeness including credit report, property evaluation, financial statements, applicable ratios (i.e.debt to income, loan to value) in accordance with company guidelines.
- Correspond with processors to attain outstanding documentation needed to complete requirements as stipulated on the commitment
- Review and ensure data integrity to confirm the accuracy of automated underwriting findings.
- Works with senior management on loan exceptions.
- Authorized to withdraw and decline loans.
- Ensure that the loan file met all Freddie Mac credit, capacity and collateral requirements according to the Master Agreement, Seller Profile and Seller Servicer Guide.
- My responsibilities include: reviewing all AUS approvals such as DU, LP, and ECS, HUD-1s, Origination & Review Appraisals, TILs, GFEs Loan types included: FHA, conventional, Jumbo, ARM, Balloon, HELOC, negative AM loan, step rate mortgages, and non conforming 1st and 2nd mortgage loans.
- Obtained a Signing authority up to $600,000.
Consumer Loan UnderwriterJan 2007 to Aug 2010
Bank Of Ann Arbor
Bank Of Ann Arbor
- Review and qualify residential loan submissions issuing approvals in compliance with federal, state and company guidelines.
- Examines loan documentation for accuracy and completeness including credit report, property evaluation, financial statements, applicable ratios (i.e.
- debt to income, loan to value) in accordance with company guidelines.
- Loan types included: FHA, conventional, Jumbo, ARM, non-conforming 1st and 2nd mortgage loans.
- Examines loan documentation for accuracy and completeness including credit report, property valuation, financial statements, applicable ratios (i.e.
- debt to income, loan to value) in accordance with company guidelines.
- Responsible for assessing the risk of a loan and making an approval or decline decision Assisted loan originators and production staff with scenarios, questions and concerns.
- Works with senior management on loan exceptions.
- Respond to internal and external audits Prepared formal reports for review and ensuring that company and industry guidelines were upheld.
- Signing authority up to $417,000.
Mortgage Loan UnderwriterMay 2001 to Jan 2007
Wells Fargo － STATE
Wells Fargo － STATE
- Review closed conventional loans from correspondent lenders for compliance with Wells Fargo & Agency credit policy prior to purchase.
- Keep up to date on all credit policy changes that impact Correspondent Underwriting.
- Analysis includes recalculation of income and debt ratios, verification of assets, collateral review, and credit review within Identify documentation deficiencies within review and communicate findings out to Correspondent customers.
- Review cure documentation submitted by Correspondents and determine acceptability.
- Demonstrates high proficiency in the review of loan underwriting and modifications documentation to ensure compliance with investor requirements (e.g.
- loan documents, appraisals, etc) Demonstrates proficiency in analyzing extremely complex financial information including calculation of income and debt ratios, verification of assets, collateral review and credit review.
- Resolves difficult and challenging problems by identifying potential or innovative solutions, determines documentation deficiencies within review and communicates findings with clarity Keep up to date on all credit policy changes that impact underwriting.
Skills
• Underwrite large variety of mortgage Loan including conforming, non-conforming, prime, sub-prime, conventional, FHA and VA all with attention to detail
• Experienced in DU, LP,LPS, New Trak/Process Management, MSP Director approval systems, Black Knight, Encompass, Onbase
Financial experience.
• knowledge of both federal and state compliance regulations, risk assessment databases, statistical reporting,
and creating spreadsheets, and identify trends.
• Reviewed HUD 1, Title, Appraisal, Truth and Lending statement, note, deed of trust, addendums and all itemization forms for
completion and accuracy
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Resume Overview
School Attended
- Texas Southern University
Job Titles Held:
- Mortgage Loan Originations Underwriter
- Consumer Loan Underwriter
- Mortgage Loan Underwriter
Degrees
- B.A , Business Administration
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