Ms. Ty Nelson

*** **** ****** ******** **. *****

Phone: 510-***-****

k4nvfs@r.postjobfree.com

________________________________________________________________________

OBJECTIVE: To obtain a secure, challenging position which utilizes my Underwriting, and Processing experiences in the Mortgage Industry field.

WORK EXPERIENCE:

Contemporary Staffing (E-Loan) (1st National Bank)

February 2007 to August 2009

Contract Underwriter/Conventional Underwriter (Wholesale)

• Underwrote Conventional purchase and refinance loans with signing authority up to $650,000. Underwrote minimum of 5 files daily, using automated and manual underwriting. Demonstrated thorough understanding of Fannie Mae and Freddie Mac guidelines.

• Cleared underwriting conditions and issued clear-to-close. Submitted loans through Desktop Underwriter (DU) and Loan Prospector (LP).

• 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.

• Advised mortgage brokers and account executives on loan alternatives, scenario questions and program guidelines.

Gap of Employment

June 2004 to February 2007

Maternity Leave- At Home new mother

New Century Mortgage

February 2003 to June 2004

Mortgage Underwriter/ Conventional Underwriter (Wholesale)

• Sub-prime lender/Alt-A, Review and analyze real estate loan applications on residential, multi-residential, mixed- use and construction and made necessary decisions based on risk factors involved.

• Underwrote submitted loan files (approved, counter or declined). Proficient in analyzing personal and business tax returns, legal documentation, appraisals, title reports, and analyzing credit reports to determine credit eligibility and signoff on all conditions.

• I am able to underwrite 8-10 full package loans per day and hold a pipeline with over 200 loans.

• Experiences with underwriting manually or being Internet savvy and transmit from other investor sources. Signing Authority 600k

Republic Mortgage Insurance Company (RMIC) Florida & California

& Triad Guaranty Insurance Corporation

November 2002 to November 2003

Mortgage Underwriter (Wholesale)

• Completed contract underwriting for RMIC at off-site client location. One of 4 underwriters assigned to elite underwriting team for Beazer Mortgage, a nationwide lender for Beazer Homes. Contract underwriting for Triad Guaranty through Wells Fargo Home Mortgage.

• Underwrote conforming, non-conforming, expanded criteria and HELOC loans using DU/LP and other investor-specific automated findings. Major investors included National City Mortgage, GMAC, Flagstar Bank, Countrywide Home Loans, American Home Loans, Impac Bank and Chase Manhattan.

• Completed new underwriting and clearing of conditions for mortgage loans with underwriting authority up to $500,000. Consistently averaged 10-15 files per day, with minimal errors. New files included automated and manual underwriting.

• Issued mortgage insurance certificates for files requiring MI. Verified correct MI coverage as per FNMA/FHLMC guidelines.

Independent Contractor for Various US Locations

Wells Fargo Home Mortgage / Washington Mutual

March 2001 to November 2002

Underwriter/Closer/Processor (Retail)

• Underwrote purchase and refinance loans, with signing authority up to $400,000. Underwrote 8-10 files per day.

• Analyzed employment history and calculated income based upon paystubs, W2’s, tax returns, commission/bonus statements, rental/lease agreements and interest/dividend statements.

• Calculated assets and determined documentation necessary for approval.

• Analyzed credit reports, including HAWK alerts and addressed any credit issues that may produce a loan denial.

• 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.

• Confirmed closing dates with outside contacts and verified file complete with titles, appraisals, subordinations and any other compliance documents.

• Scheduled nationwide closings, prepared and reviewed loan closing documents, shipped closing packages to closing agents and followed through with HUD1 review.

• Successfully managed a pipeline of over 130 files, with 5-10 closings per day.

DNL Group Mortgage

May 1997 to February 2001

Underwriter

• Approved sub-prime Residential 1st and 2nd mortgages, home equity lines of credit and consumer loans, with signing authority up to $500,000. Referred higher loan amounts to Regional underwriting, when necessary.

• Calculated income ratios through analysis of paystubs, W2’s, individual and business tax returns and rental/lease agreements.

• Manual underwriting of 5-10 files per day. Completed processing, closing and quality control duties for 18months prior to underwriting.

EDUCATION:

Dominican University (Present)

Bachelor of Science in Business Administration

Major: Psychology (Graduating May 2011)

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