Senior Underwriter

Shannon Stover

**** ***** ***** ***********@*****.***

Mesquite, TX 75150 214-***-****

SUMMARY

● Senior Front-line Conventional Underwriter with over ten years experience

● High volume professional with extensive FNMA/ FHLMC expertise, strong work ethic and competency skills

● Adept in utilizing multiple Underwriting Systems and extensive experience with all MS Office Software

● Proficient in the following processing programs: Point, Datatrac, Encompass, Virpack, Nitro, Share Point,

CRT, QAS, and CLM

WORK EXPERIENCE

CHASE MORTGAGE COMPANY (MORTGAGE DIVISION CLOSED) 2013 - Present

SENIOR MORTGAGE UNDERWRITER

Currently in training for all system types, product guidelines and company policies in order to obtain lending authority to

perform responsibilities as stated below

● Front-line underwriting of Conventional loans with full reviews

● Analyze loans and appraisals for Mortgage Insurance, business and investor risks

● Implement changing overlays to ensure quality files meet investor, FNMA and FHLMC guidelines

● Review and analyze complex personal and corporate tax returns and complete the FNMA 1084 form

● Make credit decisions utilizing problem solving skills

● Request additional information to make final underwriting decisions when required

● Work in a high volume and fast-paced environment without discounting quality

● Assist co-workers with any work related issues as needed or requested

● Review, clear and send out conditions and/or loan decision updates within 24 hours

FANNIE MAE 2012 - 2013

CRT UNDERWRITER LEVEL III

● Conducted credit analyses using advanced methods and tools of aggregated data provided by lenders, clients

of the organization, or other sources of data

● Examined risk elements of proposed deals, purchases, or existing relationship with a client and made

recommendations to management regarding repurchase issues or additional credit enhancements needed

to make deals more acceptable or to minimize fraud and control other risks more effectively

● Researched value frauds and patterns, initiated and contributed to new tools for other employees for detecting value-related fraud

● Developed solutions and resolved the most complex issues

● Used knowledge of specialty areas and full knowledge of related disciplines. Work was typically performed without direction

EVERBANK 2012 - 2012

SENIOR UNDERWRITER

● Front-line underwrote a minimum of 5 new loans per day

● Reviewed and analyzed complex personal and corporate tax returns and completed the FNMA 1084 form

● Worked in a high volume and fast-paced environment without discounting quality

● Reviewed, cleared and sent out conditions and/or updates within 24 hours of receipt of documents

RADIAN MORTGAGE INSURANCEI GUARANTY (TEMPORARY ASSIGNMENT) 2005 - 2012

SENIOR RISK UNDERWRITER

● Reviewed Risk-Based loans or front-line underwrote 5 new loans per day which included Retail Wholesale loans

● Analyzed loans and appraisals for Mortgage Insurance and Investor Risks

● Reviewed and analyzed complex personal and corporate tax returns and completed the FNMA 1084 form

● Requested additional documentation to assist in making complete underwriting decisions if needed

● Worked in a high volume and fast-paced environment

● Requested exceptions when needed due to excessive DTI, appraisal issues, and various escalated rare scenarios

● Implemented changing overlays to ensure quality files meet investor, FNMA, FHLMC, and Radian Risk guidelines

● Requested additional documentation to make complete underwriting decisions as needed

● Worked under high volume and fast-paced environment without discounting quality

● Sent loans for exceptions when required due to excessive DTI, appraisal issues, and various escalated rare scenarios

● Trained employees on new guidelines, underwriting and processing techniques to help submit stronger loan packages for underwriting

● Assisted brokers, Account Executives, and all employees with any loan scenarios or work related issues

● Reviewed, cleared and sent out conditions within 24 hours of receipt

MISSION HILLS MORTAGE (BRANCH CLOSED) 2004 - 2005

SENIOR BRANCH UNDERWRITER

● Front-line underwrote 5 new loans per day

● Reviewed loans for eligibility in regards to FNMA and FHLMC policies

● Identified questionable information and documentation to resolve any issues that were identified in all active files

● Recorded data and reviewed conclusions in proprietary systems

● Notified verbally and in writing the results of file reviews to internal and external customers

● Assisted the closing department in any overflow by ordering wires and authorized loan fundings

● Trained employees when needed regarding new guidelines and processing techniques to help submit stronger loan packages for

underwriting

● Maintained weekly reports on status of active loans to provide to Branch Manager for his review

● Reviewed, cleared and sent out conditions within 24 hours of receipt of all required documents

NORTH AMERICAN MORTGAGE CO. (PURCHASED BY WAMU) 2000 - 2003

SENIOR UNDERWRITER

● Front-line underwrote 5 new loans per day

● Reviewed loans for eligibility in regards to FNMA and FHLMC policies

● Manually reviewed loans and documents to determine eligibility of borrowers

● Interacted with all involved parties to ensure that customers were receiving superior service and the best product available

● Maintain a firm knowledge of all automated underwriting systems

● Respond to customer inquiries relative to declination reasons according to federal regulatory guidelines

● Reviewed manual credit packages to ensure they met all investor parameters

● Reviewed, cleared and sent out conditions within 24 hours

MORTGAGE EDGE 1999 - 2000

SENIOR MORTGAGE LOAN PROCESSOR

● Processed VA, FHA, and Conventional mortgage loans

MALONE MORTGAGE (RETAIL MORTGAGE DIVISION CLOSED) 1998 - 1999

SENIOR MORTGAGE LOAN PROCESSOR

● Processed VA, FHA, and Conventional Mortgage loans

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