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MORTGAGE UNDERWRITER Resume Example

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MORTGAGE UNDERWRITER
Summary

Dependable Mortgage Underwriter with 4 plus years experience in the Mortgage industry. Excellent calculation and verification of income & assets, evaluation of credit reports, purchase contracts, appraisals, title commitments, and other loan pertinent documentation. Demonstrate working knowledge of AUS analysis in order to determine applicable loan conditions as well as working knowledge of appraisal evaluation in order to identify deficiencies.

Skills
  • Ability to work in a fast paced, fluid environment and be held to minimum production standards
  • High integrity and outstanding work ethic required
  • Strong computer skills; proficient in Microsoft Word, Excel and Outlook
  • Proficient written and verbal communication skills
  • Knowledge of compliance and disclosure requirements
  • Knowledge of closing, post-closing & quality control responsibilities
Experience
MORTGAGE UNDERWRITERCompany Name | City, State | Feb 2019-Feb 2021
  • Approves or rejects residential loans within prescribed authority
  • Analyzes borrower's credit profile, collateral and capacity to repay the proposed mortgage obligation
  • Ensures loans meet company, agency and government guidelines
  • Accurately calculates borrower's income and debt-to-income ratios based on acceptable company and agency practices
  • Documents lending decisions and completes required screens in the loan origination system that include accurate completion of the 1008 as well as adding and/or creating applicable conditions on the loan approval
  • Run, reads and interprets automated underwriting decision results from both Desktop Underwriter and Loan Prospector
  • Review s conditions submitted on loans and sign off on conditions where appropriate
  • Keep s informed of current and acceptable underwriting practices
  • Communicate s loans decisions to clients/internal departments in a timely fashion and ensure s compliance deadlines are met with regards to pre-disclosures, approval letters, denial notices, and counteroffers.
  • Work s closely with processing and/or account management to answer specific loan questions, to answer specific conditions or documentation requested and to resolve problems
  • Maintain s and cultivate s an effective working relationship with internal and external customers
  • Prioritize s work queue to ensure service level agreements are met
  • Consistently meet s or exceed s established minimum productivity and quality goals
  • Provide s quality control responses in a timely manner
MORTGAGE UNDERWRITERCompany Name | City, State | Jan 2016-Jan 2018
  • Evaluates loan applications for risks and various criteria such as investor requirements, accuracy, consistency and completeness
  • Ability to calculate qualifying income including analyzing tax returns and financial statements.
  • Thorough knowledge of reviewing Residential appraisals.
  • Review and analyze borrower profiles, credit reports, title reports, income documentation and assets, including complex business returns and financials
  • Review new loan files to ensure loan meets investor and program criteria. Must meet minimum Production Requirements.
  • Review all eligible investors
  • Encompass Experience preferred
  • Manage individual pipeline on a daily basis by completing new underwriting reviews, condition reviews and other underwriting tasks within established turn times
  • Communicates effectively and engages proactively with loan originators, processors, branch managers, funders and post-closers in regards to loan decisions, assignment of loan conditions, investor guidelines/documentation requirements and possible loan scenarios
  • Consistently access third party services (valuation, fraud, compliance) to provide valuable input for loan decisions
Mortgage Loan ProcessorCompany Name | City, State | Jan 2014-Jan 2016
  • Monitor file from application to underwriting to ensure all regulatory and compliance milestones and deadlines are met throughout the life of the loan process. Primarily, communicate with loan officers to ensure that all initial disclosures, re-disclosures, commitment letters, and adverse action letters are sent within required time frames.
  • Review and process all new loan applications and file submissions for accuracy and completeness, to ensure that all required documentation is provided for successful underwriting, including verifications of employment, verifications of mortgage, appraisals, purchase and sales contracts, and initial disclosures.
  • Maintain a system to order and track all required documentation.
  • Monitor reports on a daily and weekly basis, including the “Action Needed” report and the Freddie Mac Rate Lock report, following up with loan officers to meet any pressing deadlines.
  • Compare documentation in the loan file to EasyLender, correcting any errors to loan packages and obtaining any missing information.
  • Verify that all required documents are properly located in loan files.
  • Review and analyze Loan Prospector findings and act accordingly.
  • Submit loans for approval to Loan Committee.
  • Clear all contingency requirements from underwriting after loan approval, when appropriate.
Education and Training
Bachelor of Science: Business AdministrationLagos State University | | City | 2010
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Resume Overview

School Attended

  • Lagos State University

Job Titles Held:

  • MORTGAGE UNDERWRITER
  • Mortgage Loan Processor

Degrees

  • Bachelor of Science : Business Administration

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