Margarita Hernandez

**** ******* **** *****

Antioch, CA 94531

***/***-****

Objective

To obtain a stable position in a friendly environment with the opportunity for advancement

Employment

Land Home Financial

July 2013 - Dec 2013 DE Underwriter

Underwrote conventional, jumbo and FHA/VA loans to FreddieMac and FannieMae guidelines. Examined loan documents thoroughly such as credit reports, paystubs, title reports, W2’s, 1040’s/business tax returns, appraisals and AVM’s. Worked with loan officers, jr. underwriters and sales managers for production staff to secure all required documents. Familiar with Bond loans, FHA, VA and CHDAP. Determined appropriate recommendations subject to management and underwriting guidelines. My pipeline consists of 85% FHA purchases, some VA loans and back up for conventional loan underwriting.

Bay Equity

Oct 2012 to June 2013 DE Underwriter II

Underwrote conventional, jumbo and FHA loans to FreddieMac and FannieMae guidelines. Examined loan documents thoroughly such as credit reports, paystubs, title reports, W2’s, 1040’s/business tax returns, appraisals and AVM’s . Pulled and reviewed guidelines for several different investors such as Citibank, Suntrust, GMAC, Wells Fargo. Worked with loan officers and sales managers for production staff to secure all required documents. Familiar with Bond loans, FHA, VA and CHDAP. Determined appropriate recommendations subject to management and underwriting guidelines.

JP Morgan Chase

Nov 2011 –Sept 2012 Underwriter II

Work directly with Platinum loan officers to assemble files for potential clients. Underwrote conventional and jumbo loan products up to $750,000 lending authority at Chase to Fannie Mae and Freddie Mac guidelines. Examine loan documentation that include reviewing appraisals, credit reports, title reports, & income documentation for accuracy and completeness. Work with loan officers, sales managers, or production staff to secure all required documents. Examine loan documentation that include reviewing appraisals, credit reports, title reports, & income documentation for accuracy and completeness, Determined appropriate recommendations subject to management and underwriting guidelines. Communicated with Brokers, Funders, Doc Drawers, and Account Executives in an effort to coordinate a smooth loan transaction.

Bank Of America Aug 2010- Nov 2011Home Service Specialist/Underwriter

Underwrote Conventional purchase and refinance loans to Fannie and Freddie Mac guidelines in Retail Lending Division. Analyzed employment history and calculated income based upon paystubs, W2’s, tax returns, commission/bonus statements, rental/lease agreements and interest/dividend statements to ensure soundness, business value and compliance with company and investor standards. Analyzed credit reports, including Hawk/Fraud alerts and addressed any credit issues that may produce a loan denial. Reviewed appraisals and determined if appraised value was supported and all appraisal requirements were met. Approved residential mortgages and home equity lines of credit. Determined appropriate recommendations subject to management and underwriting guidelines. Audited loans to meet compliance and guidelines.

CashFlux/Keystone State Capital Corp, Pleasanton, CA

Feb 2010 – Sept 2010Underwriter

Analyzed employment history and calculated income based upon paystubs, W2’s, tax returns, commission/bonus statements, rental/lease agreements and interest/dividend statements to ensure soundness, business value and compliance with company and investor standards. Analyzed credit reports, including Hawk/Fraud alerts and addressed any credit issues that may produce a loan denial. Reviewed appraisals and determined if appraised value was supported and all appraisal requirements were met. Approved residential 2nd mortgages and home equity lines of credit. Underwrote Conventional purchase and refinance loans with signing authority up to $1,000,000. Determined appropriate recommendations subject to management and underwriting guidelines.

La Salle Financial, Oakland, CA

June 2008 – Feb 2010 Underwriter II

Reviewed credit report/, underwrote conforming, non-conforming, expanded criteria and HELOC loans using DU/LP and other investor-specific automated findings before submitting to lender, Clear lender conditions, kept up with new guidelines and regulations, Reviewed purchase contracts, identifying non-arms length transactions and seller concessions. Reviewed appraisals and determined if appraised value was supported and all appraisal requirements were met. Examined loan documentation that include title reports, & income documentation for accuracy and completeness. Work with loan officers, sales managers, or production staff to secure all required documents.

Nationwide Processing, Concord, CA

March 2003 – May 2008 Underwriter, Residential/ Conventional/VA/FHA Loans

Analyzed credit reports, including HAWK alerts and addressed any credit issues that may produce a loan denial, Calculated income ratios through analysis of paystubs, W2’s, individual and business tax returns and rental/lease agreements, Underwrote conventional and jumbo loan products up to $750,000 lending authority to Prime, Subprime, Alt A, and Option Arms guidelines.

Mirmax Executive, Fremont, CA

July 2004 – May 2007 Underwriter

Examined loan documentation that include reviewing appraisals, credit reports, title reports, & income documentation for accuracy and completeness, Determined appropriate recommendations subject to management and underwriting guidelines. Communicated with Brokers, Funders, Doc Drawers, and Account Executives in an effort to coordinate a smooth loan transaction.

Executive Mortgage/San Ramon Valley Investments, San Ramon, CA

March 2002 – May 2007 Underwriter

Examined loan documentation that include reviewing appraisals, credit reports, title reports, & income documentation for accuracy and completeness, Determined appropriate recommendations subject to management and underwriting guidelines. Communicated with Brokers, Funders, Doc Drawers, and Account Executives in an effort to coordinate a smooth loan transaction. Work with loan officers, sales managers, or production staff to secure all required documents. Underwrote conventional and jumbo loan products up to $750,000 lending authority to Prime, Subprime, Alt A, and Option Arms guidelines.

E-Loan, Inc. Dublin, CA

Apr 2001 – Feb 2004Sr. Loan Processor/ Jr. Underwriter

I advised mortgage brokers and account executives on loan alternatives, scenario questions and program guidelines. Analyzed credit, income, title and appraisal documents to insure loan quality. Used 3rd party tools to evaluate validity of documents provided by Broker to ensure no misrepresentation found. Cleared underwriting conditions and issued clear-to-close. Submitted loans through Desktop Underwriter (DU) and Loan Prospector (LP), Underwrote Conventional purchase and refinance loans with signing authority up to $500,000. Work with loan officers, sales managers, or production staff to secure all required documents.

Great Western Funding

Jan 1999 - Mar 2001 Loan Processor

Responsible for opening title, ordering appraisals, following up on status and when received, I was responsible for reviewing all documentation. Responsible for submitting files, contacting borrowers with pending conditions, Responsible that all documentation meets guidelines and regulations, phases of administrative/secretarial duties of a confidential nature.

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