Manager Quality

Gary Vatovec

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

408-***-****

.

Professional Experience

Bank of America, San Jose

Senior Underwriter/Auditor II 9/2010-4/2011

!Resolve Investor issues and concerns relating to non performing

loans.

!Manage a daily pipeline

!Utilize strong functional knowledge in post funding file review

!Possesses a proven ability to perform a thorough re-evaluation of

investor noted deficiencies for guideline compliancy, analyze

financial statements, complex tax returns, credit reports, appraisals

and compliance documents

!Possess a full understanding of all aspect of underwriting including

FHLMC, FNMA and HUD guidelines and Bank of America's underwriting

system know as CLUES.

!Strong ability to research, develop and write a detailed synopsis

that identifies all loan attributes as well as loan deficiencies.

! Communicate findings with investors and in house attorneys.

Wells Fargo, Concord Ca. 03/2010- 7/2010

Contract Mortgage Underwriter

!Responsible for analyzing complex companies and industries

and conducting presentations on findings to senior

management. Functions include: conducting complex credit investigations and

analyzed diverse complex credit information for loans;

analyzing/formalizing documentation of loan transactions and/or credit

history of customers; assisting in preparation of credit reports for

presentation to lending officers and/or approval committees.

! Used CITRIX and manually underwrote loan

The Fuller Law Firm, San Jose, Ca. 3/2009-

03/2010

WorkOut Specialist and Loan Modification Negotiator

!Underwrite client's income, expenses, and assets

!Determine if the client is eligible for HAMP program

!Submit loan package to lender

!Negotiate terms with the lender that fit the clients income

!Analyzes settlement/ modification agreements

Washington Mutual Bank, San Ramon, Ca 2000 - 2008

Senior Underwriter Manager

! Manually underwrote 1-4 unit residential loans to investor

guidelines

! Perform multiple tasks such as loan audits for compliance to

investor guidelines

! Oversaw underwriters and processors

! Made sound credit decisions up to $3 million per loan on complex

loan files

! Effectively analyze and evaluate the degree of risk associated with

the residential lending, ensured quality, and

risk/fraud analysis.

! Experience with DU, FNMA, Freddie Mac underwriting guidelines

Santa Clara County Federal Credit Union 1999 - 2000

Senior Credit Underwriter

! Underwrote lst mortgage loans including CALPERS loans

! Monitored all underwrite to ensure compliance with bank and federal

regulations

! Used strong analytical skills to ensure loan quality

SRS Group 1996 - 1999

Senior Contract Underwriter

! Underwrote mortgage loans for various companies

! Performed due diligence

Gary Vatovec Page 2

First Interstate Bank 1995 - 1996

Senior Underwriter

! Underwrote 1st, 2nd mortgage, and Multi- family loans and signed

off loan conditions

!Analyze income tax returns and financial statements with emphasis on

constructing a cash flow statement utilizing the borrower's (and/ or

guarantor's) financial statement & tax returns. Determine net operating

income, breakeven, and debt service coverage of the secured property

!Review appraisal report to confirm that the three common approaches

to estimate market value have been utilized

!Prepare loan files, for loan closing documents and funding,

completed and that the file documentation meets all regulatory information

United Guaranty Insurance 1994 - 1995

Senior Staff Credit Officer/Underwriter

! Underwrote mortgage loans that required private mortgage insurance

! Provided credit analysis to ensure loans meet company policy and

guidelines

! Provided risk analysis which involved calculating income and

analyzing credit reports

! Responsible for complying with company policy and quality

guidelines

SRS Group 1990 - 1994

Senior Wholesale Underwriter

! Reviewed and underwrote lst mortgage loans to determine investment

quality

! Reviewed loans that were sold to investors for fraud and

misrepresentation

! Reviewed credit application, credit reports, appraisals, tax

returns, financial statements calculated debt to income

ratios

Education:

! San Jose State University (Bachelor of Arts)

! De Anza College (Associate of Arts)

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