Kenneth Phillips

***** ***** ******* #***** *** Antonio Texas 78230

t22fe3@r.postjobfree.com

409-***-****

Personal Statement

Dedicated team player with the ability to succeed in any given environment. I love to

learn, and I thrive on solving challenging problems. Because I have extensive experience

in the mortgage industry I am seeking a position as a Conventional, FHA & VA Mortgage

Underwriter. My Goal is to get my DE Certification. I am looking for a Contractor’s

position and I am flexible to travel with a per diem.

Accomplishment

Front End UW with experience in reviewing and analyzing all loan credit,

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income, and asset documentation (1003, paystubs, W2’s and 1040’s), title,

appraisal contract, Flood cert, Tax Cert's, etc. for credit and final reviews

Lead a Appraisal team of incoming contractor by mentoring and releasing them

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with their appraisal authority

Was called upon to perform, train and mentor on Income Tax reviews ( Self

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Employment, Partnership, Corporations, Rental Income ) for new underwriters.

I was called upon to do Quality Control Audits on all new underwriters to

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improve on the quality of our product that we delivered to our investors making

sure we met our FNMA/ FHLMC guidelines.

Work Experience

Mortgage Contract Underwriter (Nov. 2010- Present)

USAA Federal Savings Bank - San Antonio Texas

Underwriting guidelines for Fannie Mae, Freddie Mac, and Major investor Guidelines for

GMAC (RFC), Wells Fargo Home Mortgage and PHH Quality Control and Risk

Management Underwriting.

Technical / Functional Skill

Ability to validate that all Desktop Underwriter/Loan Prospector conditions are

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met with supporting documentation in the loan file

Experience in reviewing and analyzing all loan credit, income, and asset

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documentation (1003, paystubs, W2’s and 1040’s)

Calculate and accurately determine front and back-end ratios for credit

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underwriting decisions

Full understanding of traditional mortgage origination and underwriting practices

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Knowledge and understanding of FNMA and FHLMC underwriting guidelines

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Review Conventional loans for compliance of all applicable guidelines and to

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ensure integrity of all data

Ability to validate integrity of all data via the client LOS System ( UNIFI PRO)

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and update client system with correct information

Review Full Appraisal, Sales Contract, Title, Credit Report, Flood Cert, Escrow

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Documentation

Ability to review Asset documents (Gift Letters, Bank Statements, Brokerage

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Statements, Retirement Statements, Trust Agreement, Etc.)

Ability to resolve outstanding loan stipulations

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Perform risk analysis and make decisions regarding deficiencies identified during

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the review process

Capability to review historical and projected financial analysis utilizing Tax

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Returns and Financial Statements

Provide analysis of loan files in order to render a sound decision and / or solution

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Identify transaction components that indicate a potential for fraud and perform

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sufficient investigative work to resolve issues that are identified

SKILLS / TOOLS

LOS: Calyx Point, Byte LOS, WebTrac, UNIFI (PRO)

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AUS: Loan Prospector, DU/DO/LP

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Microsoft Outlook, Microsoft Office Suite: Word, Excel, Power Point

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Broker Owner / Underwriter/ Manager (June 1998- Oct 2010)

Affordable Home Mortgage Corporation -Houston Texas

Operations: Processing, Pricing, Underwriting, Investor Relations, Compliance, Staffing,

Broker of Record NMLS #317300, FHA Correspondence #28671-0000-9

Experience in mortgage loan operations including loan processing, back office

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functions, and in depth knowledge of Real Estate lending regulations

Aligned operations with corporate policies / procedures and state and federal

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regulations

Operations Manager for Processing and Pre-Underwriting of Conventional and

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FHA /VA loan applications

Evaluated and managed all Mortgage Products from Investors

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Trained Loan Originator and Processors on FHA/VA Products and guidelines and

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Investor Overlays

Interview and Hiring of Mortgage Loan Officers and Processors

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Directly worked with Quality Control Group to make sure loan conditions for sale

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to Correspondent investors

Assisted in Wholesale Investor Approval

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Responsible for all Vendors Correspondence ( Inspectors, Appraisers, Title

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Agencies, Attorneys, Real Estate Brokers, Buyer/Seller as required

Assessed loan attributes and documentation for soundness and accuracy

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Sr. Loan Processor / Pre-Underwriter (Sep 1997 - Apr 1998)

Capital State Mortgage - Houston Texas

Verification of information of 1003

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Send out Disclosures for buyer to sign

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Verification of Employment, Rental or housing, & deposit

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Coordination of Title, Survey and Appraisal reports

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Cleared Underwriter conditions on Approved Loans

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Ordering Payoffs and Coordinating Closing Time & Date with all Parties in the

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transaction

Ability to use FHA Connection to order Case Numbers & Cavirs / Calyx LOS

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System

FHA Pre-Underwriting files ( Verify for Credit Approval – Credit, Income,

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Assets)

Evaluate Title, Survey and Tax Certificates

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Corresponded with all Vendors and buyer / seller

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Loan Officer (Jan 1996 - July 1999)

Malone Mortgage Company - Dallas Texas

Marketed FHA Mortgage Products to Real Estate Brokers

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Took Loan Application from RE Brokers and Attorney Clients

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Specialized in Providing 203K Loans to Investor Clients

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Coordination of Title, Survey and Appraisal reports

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Assisted Investors in finding qualified Contractors to repair properties

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Educated Contractor & Investor in the 203K Process

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Conducted Home Buyers Workshop for Realtors & Investors

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Education

BA Computer Science / Mathematics -

Grambling State University, Grambling La

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