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MORTGAGE UNDERWRITER Resume Example

Resume Score: 80%

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MORTGAGE UNDERWRITER
Summary

Astute Mortgage Underwriter with over 4+ years of industry experience underwriting mortgage loan applications and evaluating loans in order to maximize organizational profit and minimize risk or loss. Responsible for collateral evaluation for lower risk property. Proficient in standard concepts, practices, and procedures of residential underwriting and able to ensure that loan meets agency salability or insurability. Comfortable using data integrity and automated underwriting to make a sound credit decision. Analyzing credit, income and assets on a loan-by-loan basis to properly assess individual risk, and promptly provide underwriting decisions to Mortgage Originators

Skills
  • Experience with (AUS) automated underwriting systems
  • Extensive knowledge of FNMA and FHLMC guidelines
  • Analysis of Borrower's Credit Profile, Income, Assets, and Collateral Value
  • Experience analyzing all types of Tax Returns
  • Good oral, written, and interpersonal communication skills to communicate with internal staff and external clients as needed
  • Strong analytical and mathematical skills
  • Ability to maintain a customer focus and efficiently and consistently produce accurate work in both individual and team settings
  • Strong attention to detail and the ability to multi-task and meet deadlines in a fast-paced environment
  • Solid knowledge of computer systems including MS Office (Word, Excel, and Outlook)
Experience
MORTGAGE UNDERWRITERJan 2019 to Feb 2021
Company Name - City, State
  • Review loan applications and identify missing or incorrect information
  • Calculate consumers' income and examine credit histories, assets, and collateral
  • Assess credit worthiness to determine if borrowers meet Ability to Repay (ATR) and Qualified Mortgage (QM) requirements
  • Determine final credit decisions based on company policies and investor guidelines
  • Complete a thorough analysis of loan files to determine accuracy against supporting documents in file and compliance with Company, Investor and Government guidelines
  • Answers inquiries, provides support to Closer, Processors, and Mortgage Loan Officers, and Management
  • Prioritizes the underwriting caseload to meet various deadlines for lock expirations or investors guideline changes
  • Check accuracy of all calculations related to the file
  • Read credit reports and establish credit worthiness
  • Review appraisals and determine property worthiness
  • Transmit data to automated and underwriting engines as applicable
  • Issue approval, suspense and/or decline letters
  • Work closely with Secondary Marketing on interest rate changes
  • Respond to post closing reviews and audits in a timely fashion
  • Maintain productivity level of 4-5 files per day at turn times established by Underwriting Manager
MORTGAGE UNDERWRITERDec 2016 to Dec 2018
Company Name - City, State
  • Perform income analysis, including complex self-employment, assets, credit and property, on conventional loan files submitted within the time frame established by departmental management
  • Perform timely reviews of conditions submitted as well as loan re-submissions
  • Analyze challenging loan packages to render sound credit solutions
  • Responsible for analyzing and rendering credit decisions on mortgage loan applications consistent with internal policies and investor guidelines as established by Fannie and Freddie
  • Reviews and analyzes all required documentation and determines whether additional verification or analysis is needed in cases where information may be questionable
  • Makes decisions to accept, suspend, or decline loans or MI coverage. May submit loans for second review before notifying appropriate parties of resulting loan decisions
  • May make joint calls with sales staff to develop new business, and maintain existing customer relationships as identified by an account manager
  • Process and approve mortgage and consumer loan applications, answer questions, verify applications for completeness, conduct credit investigation, determine value and status of collateral (if any), establish a signature limit (if applicable), approve advances for preapproved signature loans, determine debt ratio, and document loan decision in writing.
MORTGAGE LOAN PROCESSORNov 2014 to Nov 2016
Company Name - City, State
  • Work closely with Loan Officers, Managers and staff to promote open and effective communication and to ensure quality service delivery to customers.
  • Manage the loan pipeline report to ensure loans are processed on time and meet guidelines.
  • Develop and maintain workflows for all stages of document preparation,closing, file documentation, and collateral management.
  • Monitor loan turnaround time.
  • Design and implement operating procedures and benchmarks that promote efficient processing of loan requests.
  • Organize and direct document preparation, loan file content, and loan approval reviews prior to loan closing; make corrections as necessary.
  • Verify that all loans are processed in compliance with established federal and state regulations, company policies, and secondary market processing guidelines.
  • Resolve customer service issues in a timely and accurate manner.
  • Daily interaction with vendor relationships such as credit bureaus,appraisers, etc.
  • Responsible for reviewing and addressing items involving loan product, credit, occupancy and employment verifications and order verbal verification of employment (VVOE) for pay-off accounts.
Education and Training
Bachelor of Arts, Economics2013University Of Buea - City
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Resume Overview

School Attended

  • University Of Buea

Job Titles Held:

  • MORTGAGE UNDERWRITER
  • MORTGAGE LOAN PROCESSOR

Degrees

  • Bachelor of Arts , Economics 2013

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