Single Family Residential Mortgage Expert resume in Seattle/bellevue, WA, 98015

RAYMOND BRAMZEL
PO Box *****
Bellevue, WA *****
Telephone 206-***-****

OBJECTIVE:
To apply my experience and skills for a long-term career in an organization to significantly contribute towards the progress of achieving growth, optimum revenue, profits and efficiency

OVERVIEW OF EXPERIENCE:
• Over 20 years in commercial and residential mortgage finance lending in retail and wholesale
• Over 15 years total, underwriting business loans, commercial and residential mortgages including conventional DU LP, Alt-A, FHA, Non-conforming and sub-prime, due diligence and bulk purchase underwriting for investors
• Over 10 years operations management experience

JOB HISTORY:
Underwriter for retail, wholesale and mortgage insurance companies
2002 to Date – Full time permanent, temporary short term and contract underwriting assignments:
WELLS FARGO HOME MORTGAGE
Senior Underwriter Level 3 – Government FHA, Conforming & Non-Conforming – Retail Fulfillment Center
• Underwriting a variety of mortgage products at different levels that are submitted from branches
• Manual and AUS underwriting processes including refers with exceptions using compensating factors -
• Complete loan application analysis, producing loan dispositions, validation of all documentation, clearing conditions prior to producing documentation and funding
MORTGAGE ADVISORY GROUP
Government Underwriter – Retail mortgage bankers – Prime (Upfront). FHA, FNMA & FHMLC
• Employed to underwrite Test Cases to obtain ‘Full Eagle’ approval by HUD SAHOC for FHA lending
• In-house mortgage lending; FHA, FNMA, FHMLC, conforming, prime and specialty products
• Manual and AUS underwriting processes including refers with exceptions using compensating factors -
• Credit/income/asset/property/disclosures analysis, producing loan dispositions, validation of all documentation, clearing conditions prior to producing documentation and funding
PREMIER LENDING
Senior Underwriter Correspondent Lending – Retail mortgage bankers – Prime (Upfront). Delegated $1,000,000
• In-house mortgage lending; conventional DU/LP, non-conforming, ALT-A, specialty and prime products
• Manual and AUS underwriting processes including refers with exceptions using compensating factors -
• Credit/income/asset/property/disclosures analysis, producing loan dispositions, validation of all documentation, clearing conditions prior to producing documentation and funding, compliance and quality assurance
CLAYTON, HANOVER, AMC, MDMC & NMS AGENCIES
Contract Underwriter – Wholesale (Bulk Purchase and Due Diligence). Delegated $1,000,000
• Short term traveling assignments sent by agencies for investors at wholesale lender’s offices
• Credit grading and analysis of documentation; notes, trust deeds, riders, disclosures, Section 32 calculation, TIL review, 1008, 1003, credit reports, income, asset, collateral appraisals to meet guidelines.
• Compliance reviews under Regulations A to Z, TIL, RESPA, FACT, FCRA, ECOA, HMDA, GFE, ROR
• Underwriting giving decisions to approve, review exceptions with compensating factors or decline loans
• Worked from home with a dual screen and fast internet connection underwriting files imaged on remote servers
UNITED FINANCIAL MORTGAGE CORPORATION
Senior Underwriter – Wholesale – Prime (Upfront), FHA & ALT-A. Delegated $650,000
• Underwriting Conventional DU/LP, FHA, Prime, ALT-A, mortgages in 48 states
• Manual underwriting full and pre-qualifying up to $650,000 loan amounts
• Credit/income/asset/property/disclosures analysis, producing loan dispositions, validation of all documentation, clearing conditions prior to producing documentation and funding
MILLENNIUM FUNDING GROUP
Regional Operations Manager Underwriter level III – Sub Prime – Wholesale. Delegated $650,000
• Underwriting mortgages in California region and also in WA, OR, CO, UT, AZ, ID, HI and NV
• Manual underwriting full and pre-qualifying up to $650,000 loan amounts
• Second signing for underwriters, exceptions, submissions to secondary and capital markets
• Liaising between AEs, processors and loan officers being in charge of a team of 12 staff
ACTION MORTGAGE
Underwriter II – Retail for 4 branches – Prime, FHA & Construction. Delegated $500,000
• Underwriting using DU & LP as well as manual reference for decision-making mortgage applications for 4 retail branches in Oregon and Washington
• Saleable, portfolio & retained prime mortgages, HELOCs, Jumbos, Combos & Construction – Permanent
• Using DE CHUMS ID number for manually approval FHA DU/LP Refers
• Producing underwriting notices with conditions prior to documents and closing
MORTGAGE GUARANTY INSURANCE CORPORATION (MGIC)
Contract Underwriter – Retail – Prime Contract Underwriter
• Underwriting loan applications requiring mortgage insurance for brokers and investors
• Providing mortgage insurance for loans over 80% loan to value and fully underwriting non-MI loans
• Manual underwriting for non conforming Alt A, A minus and using DU for FNMA/LP for FHMLC
• Validating guidelines for non-conforming products on behalf of investors
EXPRESS EQUITIES
Certified Direct Endorsement FHA Underwriter (AU44) - wholesale
• Obtained DE Certification to underwrite and endorse FHA mortgages
• Manually underwriting FHA government GNMA residential mortgages using HUD 4155.1 guidelines
• DU & LP underwriting for conventional FNMA/FHLMC, non-conventional & sub-prime loans
• Purchases, refinance, streamline and debt consolidation
• Making decisions that include applying discretion using compensating factors
• Administering stacking order and signing off conditions prior to documentation and funding
BUSINESS MANAGEMENT SERVICES – 1999 to 2002
Independent Contractor – Business Consultant – Turnaround and Work outs
• Instructed by banks, mortgage companies, accountants, receivers, lawyers, companies and individuals
• Preliminary insolvency assessment, appraising for business purchase, recovery and turnaround
• Marketing, promoting, business improvement, work outs, refinance and acquisition
GRAMPIAN CORPORATION – 1988 to 1999
Senior Corporate Executive and Operations Manager resulting from being a
Commercial Loan Officer, Executive and Underwriter
• Credit screening, qualifying, approving applications and property appraising
• Submission to credit committees for approval
• Dealing with closing procedures and funding transactions, foreclosed, repossessed and realized assets
• Responsible for a capital budget of $75,000,000 and established annual revenue of $45,000,000
• Arranged land purchase acquisition, construction loans, asset finance, long-term mortgages, sale & leaseback funding; largest loan arranged $30,000,000
Prior Commercial RE Mortgage Loan Specialist, Underwriter, Credit and Portfolio Manager

EDUCATION:
MBA in business management and finance: correspondence course study on line and graded
Real Estate Property Appraising, Auctioneering & Management – Hammersmith West London, UK
Science Degree – JFS Comprehensive, London, UK

CERTIFICATES AND AWARDS:
Freedom “keys” City of London by nomination for achievement of improving communities for better quality of living
Direct Endorsement for underwriting government FHA loans with a CHUMS ID since October 2002
Certified Public Notary for the State of Washington
On line certificates of courses in credit legislation, regulations, code of conduct and practices
Been a member and an associate of professional organizations and have held a Loan Originator’s license

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