Mortgage Underwriter Resume Baltimore- MD - Hire IT People

SUMMARY

Mortgage underwriter with over 4years of underwriting experience analyzing and approving conventional loans, and over a year of loan processor experience.
I am prompt, efficient and motivated, and I am comfortable working in a high - volume paperless environment.
I have outstanding understanding of the real estate market, loan processing, and financial and analytical skills.
I can analyze loan risks, measure assets, as well as scrutinize the numbers of mortgage rate, credit reporting, and other loan numbers to determine the right movement forward for loan eligibility.
Ability to structure loans by being open minded and creative, while balancing the risk/reward
Ability to work proactively in a constructive, diplomatic manner with both internal and external contacts.
Strong analytical thinking and problem-solving skills with ability to adapt to constant industry changes.
Strong PC skill with experience in MS Office
Experience in Encompass software
Ability to work independently and handle multiple priorities under stringent timelines.
Ability to proactively manage assigned pipeline.
Thorough understanding of LTV and DTI ratios
Strong understanding of self-employment and student loan requirements
Deep knowledge in FNMA and FHLMC guidelines
Knowledge of fair housing regulations

PROFESSIONAL EXPERIENCE

Mortgage Underwriter

Confidential, Baltimore- MD

Responsibilities:

Examined loan file documentation to determine the acceptability of the applicant’s credit history.
Used DU/LP to facilitate the risk analysis evaluation process.
Conducted in-depth review of borrower assets, credit appraisal reviews, income calculations and ensured all loans were properly documented and met company and investor lending guidelines.
Analyzed and approved unusual complex consumer loans following industry guidelines.
Monitored and tracked performance trends utilizing excel and created monthly, quarterly, and annual quality reports which increased efficiency by 20%
Reviewed all documentation submitted as part of the mortgage application process to validate completeness and accuracy.
Communicated extensively with Home Mortgage Consultants and home loan processors.
Effectively communicated orally and/or electronically all loan decisions rendered on files in a professional and positive manner to maintain strong working relationships with co-workers, clients and vendors.

Junior Mortgage Underwriter

Confidential, Washington, DC

Responsibilities:

Analyzed all aspects of Purchase and Refinance mortgages including income verification, (self-employed, tax returns, rental income, wage earner), asset review, collateral assessment, and liabilities to determine proper debt to income ratios and sufficient cash to close/reserve requirements.
Processed a sense of urgency with large file workload while maintaining attention to detail and to file integrity.
Incorporated the use of industry leading software such as Encompass, improving turn times by 15%
Ensured appropriate information is obtained on each file to complete the loan package; work with loan production personnel to resolve questions or problems with loan package.
Calculated funding amount for each loan package, balanced figures with closing agent, released wired and funded loan.

Loan Processor

Confidential, Washington, DC

Responsibilities:

Created initial loan documents for supervisor’s review using knowledge of loan regulations, policies, and procedures.
Created final loan documents for loan officers using knowledge of loan regulations, policies and procedures.
Reviewed and followed up on all outstanding orders/requests to third parties and borrowers within established company deadlines. Contacted employers for verification of employment (VOE) and any third parties necessary to verify accuracy of information.
Reviewed loan files for completeness and accuracy. Gathered necessary documentation, such as: initial disclosures, income and asset documentation, credit report, verifications, appraisal report, preliminary title report, etc.
Effectively managed loan pipeline and identified required conditions/exceptions in order to close loans on time.
Exported loans to IDS to produce final documents, for funding, and to investors for loan purchase.