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Mortgage Underwriter Resume Example

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MORTGAGE UNDERWRITER
Summary

4+ years of experienced mortgage underwriter responsible for evaluating and approving or denying loan applications in a timely manner according to investor and Regions guidelines. Problem-solver who's very detail-oriented and effectively communicates heavily with internal team members and third-party originators. Perform a thorough analysis to ensure the quality of each loan and to determine compliance with Company and Investor guidelines.

Skills
  • Strong verbal and written communication skills
  • Familiar with DU/LP
  • Understanding of mortgage auditing and quality control process
  • Strong credit, risk analysis and analytical skills
  • Ability to multi-task and must be detail oriented
  • Team player with excellent customer service skills
  • Knowledge of agency and investor guidelines and regulations
  • Knowledge of sales contracts, applications and loan appraisals
  • Detail oriented
  • Good problem-solving skills
  • Good organization and communication skills
  • Ability to meet timelines
Experience
January 2019 to January 2021
Northpointe BankJacksonville, FLMortgage Underwriter
  • Reviewed loan application and supporting documentation according to company and specific investor guidelines.
  • Reviewed files based on the traditional guidelines or AUS findings as appropriate and verify initial file documentation supports findings.
  • Issues credit decision based on underwriting review in combination with eligibility elements in the file.
  • Resubmits loan files as needed through automated system for updated or final submission.
  • Reviewed updated documentation and issues final loan decision.
  • Reviewed and clears conditions as needed to complete loan file.
  • Is available to Loan processors, Closer and Loan Consultant for questions on specific loan files and interpretation of feedback reports from automated systems. Provides feedback on quality of loan submissions by completing underwriting feedback form.
  • Maintains acceptable quality control finding percentage and responds timely to audits.
  • Participates in Underwriting Meetings and on project teams as needed.
  • Reviews loans which receive an automated underwriting finding of refer or caution to determine if there is an ability to issue an approval based on the credit risk of the loan. Suggests alternative loan programs by restructuring the loan.
  • Receive mortgage applications and underwrite applications as per designated limits;
  • Must analyze income and employment detail of the borrower to determine the ability of the borrower to repay the mortgage loan.
  • Review the borrower's credit report and credit rating to determine the ability of the borrower to repay; the loan after analyzing the borrower's prior payment history;
  • Review the appraisal and check if it has been values properly to warrant the loan requested from the bank;
  • Underwrite Loan files that meet investor, Agency and government loan guidelines.
  • Review Loan files for potential mortgage fraud.
  • Proficient knowledge of complex tax returns/financial statements
  • Thorough understanding of mortgage documents along with a complete understanding of how to close and fund a loan.
  • Manage a working pipeline to meet department production goals.
November 2016 to December 2018
Interfirst Mortgage CompanyRosemont, ILMORTGAGE UNDERWRITER
  • Perform mortgage credit analysis to determine borrower's ability to pay
  • Apply knowledge of secondary market guidelines, including FNMA/FHLMC to underwrite loan; verify data against documentation for income, assets, credit, property
  • Review fraud reports and title document system as required, complete checklists and summaries
  • Maintain service level objectives ensuring all deadlines are met and loans are accurately reviewed and documented.
  • Respond to underwriting questions from internal and external customers, providing clarity and direction as appropriate.
  • Review and analyze appraisal, credit, income and purchase contracts
  • Secure MI when required
  • Issue loan approval, counter offer, or denial
  • Serve as a subject matter expert to processors and originators
  • Keep current with changes in underwriting standards and maintain up to date information
  • Review and analyze appraisal, credit, income and purchase contracts
  • Secure MI when required
  • Issue loan approval, counter offer, or denial
  • Serve as a subject matter expert to processors and originators
  • Keep current with changes in underwriting standards and maintain up to date information
  • Keep current with changes in underwriting standards and maintain up to date information
  • Reviews and analyzes all information on the loan application matching it to the documentation in the loan file and data in the Loan Origination System (LOS).
  • Reviewing initial submission of loan files and determining eligibility with FNMA, FHLMC and/or Investor loan guidelines.
  • Authorizing and underwriting mortgage loans.
  • Review income, assets, appraisals, and other conditions on files and make sure they meet appropriate guidelines.
  • Work with Underwriters and Underwriting Supervisors to complete underwriting process within required turn times.
  • Stay current on agency and investor guidelines as well as internal processes.
  • Effectively communicate with Loan Officers and Processors.
  • Knowledge of basic lending and underwriting policies and procedures, including guidelines issued by FNMA and FHLMC.
  • Proficiency with automated underwriting systems.
  • Analyzed loan-to-value ratios, debt to income ratios and credit scores to make underwriting decisions.
October 2013 to October 2016
Universal Mortgage and Finance IncEdgewater, MDLoan Processor
  • Collect and prepare all necessary documentation for the loan package.
  • Research applicant credit status and current financial position.
  • Prepare and maintain all paperwork for new loans including loan disclosures.
  • Complete loan contract and ensure clients are kept informed of the rules and requirements.
  • Work with clients to establish their needs and recommend suitable types of loans.
  • Submit files to the designated Underwriter.
  • Conduct interviews to assess client eligibility for loans or mortgages.
  • Ensure you comply with the established regulations and law requirements.
  • Follow-up with clients to verify important information.
Education and Training
2010
University Of BUEA
CameroonEconomics
Bachelor of Arts
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Resume Overview

Companies Worked For:

  • Northpointe Bank
  • Interfirst Mortgage Company
  • Universal Mortgage and Finance Inc

School Attended

  • University Of BUEA

Job Titles Held:

  • Mortgage Underwriter
  • MORTGAGE UNDERWRITER
  • Loan Processor

Degrees

  • Economics Bachelor of Arts

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