Objective:
Highly ethical, team player and a well organized mortgage underwriting
with the exceptional ability to mitigate loss and risk is looking to obtain
a challenging and rewarding career within a corporation that will allow me
to utilize my 16 years of mortgage underwriting, credit analysis,
compliance and/or management experience to the fullest.
Education:
Academy of Accountancy, St. Louis Park, MN
Completed 20 credit hours towards an associates degree in accounting
June 1984 to July 1985
Professional development:
Time Management and Organizational skills Fifth Third Bank,
January 2010
VA Training Fifth Third Bank,
June 2010
Understanding the self employed borrower RMIC, December 2009
Evaluating the single family and 2-4 unit appraisal RMIC, December
2009
Risk Management and Compliance CitiMortgage,
March 2004
Fraud and Risk Evaluation in the loan file CitiMortgage,
November 2001, November 2003
Mortgage Underwriter Level IV, Wells Fargo Home Mortgage -- Bloomington, MN
October
2010 to April 2011
Responsible for reviewing, analyzing, approving and underwriting large,
unusual and complex individual consumer mortgage requests within Wells
Fargo and industry guidelines. Evaluated loans in order to maximize
organizational profit as wells as minimized risk and loss to the company.
I thoroughly examined transactions to ensure accuracy and completeness. I
prepared formal reports for review ensuring that documents are consistent
and uphold company and industry guidelines. I also implemented fraud
detection techniques and performed compliance reviews. Contacted customers
and partners to gather information to make appropriate decisions and
explained rationale behind credit decision as well as assist with re-
negotiations of loans based on lending guidelines. I consulted with the
Lead Underwriters on loan exceptions. My credit authority allowed me to
approve loans up to a max loan amount of $850,000 and was able to withdraw
and decline loans according to guidelines and/or customer request while
ensuring all loans met FNMA, FHLMC, Wells Fargo and all state specific
requirements as well as laws for Real Estate Settlement Procedures Act and
the Home Mortgage Disclosure Act.
Retail Mortgage Underwriter, Fifth Third Bank (Adecco Temp) -- Cincinnati,
OH
February 2009 to August 2010
Underwrote and rendered an underwriting decision and subsequent clearing
conditions to ensure credit guidelines are met on conventional conforming
and non conforming loans according to FNMA, FHLMC and Fifth Third
guidelines. My credit authority allowed me to approve loans up to
$625,000. Additionally, I was responsible to audit pre-closed and closed
loan files to assure the loans were underwritten according to FHA, VA,
FNMA, FHLMC, and Fifth Third guidelines. Recorded deficiencies discovered
throughout the course of the audit, and evaluate the quality of the files
audited. I often prepared a clear and concise report of significant
findings on a file-by-file basis. Reviewed responses to issued reports,
setting forth any corrective action taken as a result of reported findings.
Disposition loan files according to compliance and HMDA guidelines.
Manager/Underwriter, Magellan Harbor Lending--St. Louis, MO
October 2005 to January 2009
Manage and direct the daily activities of the mortgage operations
department as well as hire and train new employees. Responsible for the
productivity and budgetary performance of the operations department.
Ensured all staff is properly trained and current on all State and Federal
Regulations as well as Lender Specific Guidelines. I developed and
implemented policies and procedures and ensured they were executed by all
staff. I was responsible for all correspondence addressed to Magellan
Harbor Lending including but not limited to complaints, broker packages,
and computer issues. Assist the CPA with the HUD audit to ensure we
maintain our HUD status. Performed pre closing file reviews of all
processors files to ensure all processing QC standards are met and each
file is in compliance with HUD and Fannie Mae guidelines. Ensured new
mortgage loan packages are processed and completed according to established
policies and procedures. Developed and implement file management policy.
Create marketing campaigns via power point presentations, flyers and
brochures. Educate and Counsel applicants on the mortgage process as well
as their credit.
As the Sr. underwriter I had credit authority to approve conventional loans
up to a max loan amount of $1,000,000 on the company's credit line and
according to company, FNMA and FHLMC guidelines.
Repurchase Coordinator, CitiMortgage, Inc. -- O'Fallon, MO
October 2001 to May 2005
Review each repurchase recommendation referred from FNMA, FHLMC, HUD, VA,
MI Companies, QC, Post Close, Fraud, Default Management, Legal, or other
private investors to determine an appropriate course of action. Re-
Underwrite the closed loan file manually to verify the validity of the
repurchase demand. Act as a liaison between CMI and Third Party
Originators (TPO) in connection with all repurchase referrals. Negotiate
the buy back of the mortgage; make whole or indemnifications between the
TPO and CMI and between CMI and FNMA, FHLMC or the MI companies. Identify
and document salability and fraud issues and work with the loan originators
and Sales to achieve resolution. Knowledge of FNMA, FHLMC, HUD and VA
guidelines and of potential misrepresentation and red flags to prevent
fraud and mitigate risk to the corporation.
Loan Consultant, TEAM Mortgage -- St Louis Park, MN
January 1999 to
June 2000
Underwrote conventional mortgage loans and rendered an underwriting
decision according to FNMA and FHLMC guidelines. Processed and develop
loan files for submission to FHA, conforming and/or non-conforming
investors for approval. Submit loans through Desktop Underwriter or lender
specific Automated Underwriting System for loan approval. Coordinate
closing between borrower, seller, realtor, and/or builder. I had to know
all State and Federal regulations and lender specific guidelines. I
provided mortgage seminars to counsel borrowers on their credit and
homeownership.
Loan Analyst Supervisor, Samboy Financial, Inc. -- Plymouth, MN
February 1995 to
October 1998
Manage a team of 8-10 processors' attendance and work performance while
implementing Time Management Techniques. Ensured all team personnel were
properly trained and current on proper processing techniques for FHA,
Conventional and subprime loans. Knowledge of State and Federal
regulations and lender specific guidelines. Responsible for the hiring,
coaching, developing and supervising of team members, including decisions
relative to performance reviews, terminations, hires, discipline, and
salary actions. Generate all closing documents. Monitor team workflow for
quality control. Underwrite loan files and issue clear to close when
workflow is extreme. QC all of my processors signed closing documents for
compliance discrepancies and section 32 fees are within tolerance per state
and issued clear to fund.