Mortgage Underwriter resume example with 8+ years of experience
JessicaClaire
Montgomery Street, San Francisco, CA94105609 Johnson Ave., 49204, Tulsa, OK
H: (555) 432-1000
C:
resumesample@example.com
Date of Birth:
India:
:
single:
Summary
Detail-oriented Mortgage Underwriter with expertise in reviewing and analyzing Income, Assets, Credit, Appraisals and other documents to determine the borrower's ability to repay. Responsible for preparing a careful, detailed analysis of the loan package to determine if a potential borrower presents an appropriate level of risk.
Skills
Current knowledge of Fannie Mae, Freddie Mac guidelines
Proficient in Mortgage Operating System and have knowledge of automated underwriting systems including DU, and LP
Calculate debt-to-income ratios, LTV and income
Excellent written and verbal communication skills
Excellent analytical skills
Excellent credit risk and self-employed analysis skills
Strong mathematical and computer skills
Superior internal/external customer service skills
Ability to multi-task and work in a fast pace environment
Ability to work independently, as well as part of a team
As part of a Team, ability and attitude to work closely with Loan Originators, when necessary.
Experience
Mortgage Underwriter, 11/2018 - 12/2020 City National Bank Of West Virginia – Lexington, VA,
Determined level of acceptable risk by reviewing applications for coverage and loss control reports.
Responsible for examining loan documentations for accuracy and completeness while working with loan originator and processor to secure all required documents.
Review credit packages for credit quality, property eligibility, properly executed documentation, and compliance. Approve, suspend, or deny credit requests based on established industry standards. Communicate credit decisions to the mortgage loan officer and processor, and clarify any necessary requirements to resolve outstanding credit issues.
Monitor and update manuals and software for regulatory, industry, and product changes as required.
Review and clear conditions based on company and investor guidelines within a designated timeframe.
Provide professional and knowledgeable assistance and communication to customers and internal groups
Adhere to compliance procedures and participate in required compliance training.
Reviews all loan documentation to ensure accuracy and completeness and compliance with internal, regulatory, mortgage insurance and investor guidelines.
Approves loan or submits proposed denial to management within established timeframes.
Mortgage Underwriter, 10/2015 - 11/2018 City National Bank Of West Virginia – Milton, WV,
Using any and all automated or manual underwriting engines review, analyse and underwrite files on first and second mortgage loans for various lenders according to their prescribed guideline.
Review and verify all financial documents to assess economic health of loan applicant including verifying income and employment as well as applicant’s credit history.
Source additional information as needed when inconsistencies are found.
Scrutinize accounts from which the applicant’s funds are originating to determine the credit worthiness of the applicant.
Assess the property appraisal to ensure accuracy and appropriateness relative to loan being requested.
Ensure conditions have been reviewed and approved for compliance and completion of loan.
Maintains current knowledge of lender and investor requirements.
Assists processors and other underwriters in understanding underwriting decisions and conditions.
Make recommendations for credit and final approval to gain lending authority.
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