Mortgage Underwriter Resume New York, NY - Hire IT People

SUMMARY

Results - driven and motivated seasoned mortgage underwriter with over 2-3 years of experience working across different Mortgage loan programs.
Reviewed regulatory compliance with disclosures, validate data used by AUS to decide loans and familiar with LP and DU.
Working knowledge of Encompass and Empower LOS.
Analyzed and conditioned Conventional Loans, working knowledge on FHA, VA, and USDA mortgage loans.
Ability to evaluate and determine if loan meets underwriting guidelines, product guidelines, company’s requirements, and eligibility requirements.
Detailed analysis of personal assets, income, liabilities, and title report for clients to secure an accurate decision to complete teh loan process.
Used Comp Factors in some cases to leverage a borrower’s ability to be approved. Review and clear conditions prior to closing.

PROFESSIONAL EXPERIENCE

Confidential, New York, NY

Mortgage Underwriter

Responsibilities:

Underwriting experience spanning Conventional products but has working knowledge on FHA, VA, and USDA guidelines.
Organize, compile, and analyze financial data and input into LOS.
Provide Managers with loan feedback to assist in teh placement of loans.
Review teh borrower’s credit report and credit rating to determine teh ability of teh borrower to repay teh loan after analyzing teh borrower’s prior payment history.
Evaluation of credit and property documents in loan files, identify potential risks and advise as to teh appropriate decision of teh file as it relates to approving, declining or suspending teh loan based upon FNMA/FHLMC and investor underwriting guidelines.
Analyze income and employment detail of teh borrower to determine teh ability of teh borrower to repay teh mortgage loan.
Evaluate asset documentation from which teh applicant’s funds seem to be originating and Validate teh existence of sufficient assets required to close teh loan.
Communicate with processors, closers, loan officers, branch managers, funders, post-closers, and other areas regarding teh loan decisioning process and requirements.
Analyze loan-to-value ratio, debt-to-income ratio, credit report, application, income and asset documentation, appraisal, etc., to ensure that each loan meets secondary market, investor, and company standards.
Review title and appraisal to ensure both teh property value is supported and teh title meets agency requirements.
Recalculate a borrower’s income and expenses based on teh documentation provided, information contained in a credit report, and through various verification tools.
Analyze employment profile, credit strength, property characteristics, and all other information pertinent to teh credit decision process on each mortgage application, as presented by teh broker.
Review title and appraisal to ensure both teh property value is supported and teh title meets agency requirements.
Update information regarding teh loan transaction in teh loan origination system (LOS) with teh appropriate status and loan conditions.
Uses background experience and knowledge of guidelines and personal judgment to make loan decisions which exceed guidelines when warranted.

Confidential

Mortgage Underwriter

Responsibilities:

Establish strong relationships with business partners (ie. Sales force, Risk Management, Contact Centers and Fulfillment teams etc.)
Manages assigned pipeline; Disposition loans within 24-48 hours of receipt and timely resolves conditions.
Informs processors, mortgage loan officers, closers and management of changes, status updates, findings and credit decisions.
Work in collaboration with teh team to ensure SLA targets are met
Participates in special projects and assignments and performs other duties as assigned.
Orients, trains, assists and mentor more junior level Underwriters.
Manage pricing exceptions on complex transaction.

TECHNICAL SKILLS

Experience in Wholesale and Retail Lending
Able to assess risk appropriately while working diligently to meet branch goals.
Team player that works well with management and processors
Excellent analytical, organizational, verbal/written communication skills
Superiors follow up and customer service skills.
Able to use Encompass and empower.
Adaptability and ease in learning new systems of teh client
Ability to work well independently, in a fast-paced environment and meeting datelines.
Strong desire to learn and begin a long-term career with teh right company.
Manual mortgage underwriting experience.
Strong Microsoft Office skills, including Excel.
Fair Housing Regulations
Portfolio Management
Tax Experience
Financial Analysis

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Mortgage Underwriter Resume

New York, NY

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