Underwriter Resume Mansfield, Texas - Hire IT People

Work Experience:

Confidential, April 2011 – Present
Forensic and Quality Control Underwriter

Review existing real estate loan portfolios to capture the data required to determine loan quality. Assessment of loan documents and collateral evaluations. Excellent underwriting skills with in depth knowledge of Freddie Mac LP and Fannie Mae DU for conventional underwrites and DU Scorecard for FHA underwriters. Performed quality control reviews based on HAMP, MHA, FHA, Fannie Mae, Freddie Mac and Investor guidelines. Due diligence reviews of mortgage loans in accordance with Investor and internal guidelines.

Confidential, August 2010 – March 2011
Wholesale DE and Conventional Underwriter

Determine credit worthiness, and risk assessment based on FHA (DE Certification), Fannie Mae, USDA, Guidelines. Maintain solid understanding of current changes in underwriting guidelines for all investors. Provide support to CRM’s (Caliber processor’s, BP (business partner) and closing department when needed. Respond to investor suspense notices.

Confidential, June 2009 – August 2010
Bank Officer/Sr. DE Underwriter

Determine credit worthiness, and risk assessment based on FHA (DE Certification), Fannie Mae, USDA, ITIN, and Bank Portfolio Guidelines. Maintain solid understanding of current changes in underwriting guidelines for all investors. Provide support to staff of nine (9) loan officer and six (6) mortgage loan processors and closing department when needed.
One million dollar lending authority.

Confidential, Nov. 2008 – May 2009
Underwriting Consultant (Contractor)

Review closed loans in accordance with Fannie Mae guidelines, negotiated variance and commitments. Perform risk analysis and decision deficiencies identified during the review process. Identify transactions that have a potential for misrepresentation. Complete level of research required to determine the validity of the possible misrepresentation and or issues identified. Submit all validated finding to central repurchase team for issuance of repurchase letter. Report findings to Management and Vendor Leads for deficiency reporting and Vendor training opportunities. Record all findings in the Quality Assurance System.

Confidential, Nov. 2007 - March 2008
Quality Control (Contractor)

Review all loan documentation for accuracy and integrity. Reverify and validate employment, Income, assets, credit reports, occupancy, current and prior landlord rental information as stated on origination loan application via telephone, public records, fraud guard, internet, Lexis Nexus, etc. Provide Sr. Management reporting and supporting documentation to validate findings for repurchase.

Confidential, Feb. 2002 - Sept. 2007
Sr. Team Lead Underwriter

Ensure loan quality and salability according to FHA, Fannie Mae, FHLMC and investor guide-lines. Maintain 24 hour turn time on all purchases. Maintain minimum monthly pipeline of 125 to 150 loans. In put all loans through FNMA DU and FHLMC LP as required by loan program. Manual underwrite of all Interest Only, Alt-t A, Jumbo, Construction and Construction to Perm loan products. Provide guidance, direction, and support to staff of 20 - 25 Loan Officer’s and 5 processors. Provide training for DU, LP, validating loan documents; analyze personal and business tax returns. Semi annual performance evaluations based on loan officer’s knowledge, performance and loan quality. Assured high level of service and loan quality. Lending authority $650,000.00

Confidential, July 1999 - July 2001
Sr. Underwriter/Sr. Lending Officer (Retail and Wholesale Divisions)

Determine loan quality, risk and salability based on the evaluation of income, assets, credit, and, collateral according to investor guidelines for FNMA, FHLMC, and Alt-A, Jumbo, Super Jumbo, and portfolio programs. Determined loan eligibility for CRA loan programs, Bond money, Bank Partnership, SHIPP Funds, Surtax and MMAPP. Maintain open communications; provide guidance and assistance with loan placement, to staff of 20 loan officers and 5 processors. Review mortgage applications for Wealth Management clients to determine eligibility, prepare letters of recommendations based on findings for submission and final approval to loan Committee for loan amounts greater than $650,000.00. Perform monthly quality control review based on 10% of branch closed loans. Lending authority to $650,000. Approximate monthly volume $30MM.

Fluent in English, Spanish and Yugoslavian

References provided upon request

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Underwriter Resume

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