Manager Quality

**** ************ ***

Corinth, Texas *****

Cell. 940-***-****

Russell Boone

Objective

Challenging position in a growing and stable environment that will enhance

and expand my overall Underwriting, Credit, and Auditing skills, and have

potential for future growth in the company. Knowledgeable with manual

underwriting as well as all automated systems; able to analyze and problem

solve.

Experience

February 2009-Present Spherion Staffing/ Metlife Home Loans

Contract Underwriter/ Underwriter III

. Perform contract work underwriting work for Metlife Home loans

. Reviewed appraisals from nationwide.

. Completed closed loan quality checks.

. Income /DTI calculations to include self employed schedule C, 1065,

1120S, rental income

. Work with decisioners to collect missing information to ensure a

complete file

. Provided feed back and training opportunities to the decisioners and

the regions to ensure improvement in loan quality.

August 2008 - February 2009 Quantum Financial Group

Claims Specialist

. Perform contract work for FDIC in Receivership and Resolution Division

. Perform Analysis on accounts from banks to make preliminary

determination of uninsured dollar amounts at troubled banks

February 2008 - June 2008 Dallas Home Loans

Loan officer

. Originate loans using Conventional, FHA, and Sub Prime lenders based

on credit scores of buyers

. Originate all loans in Encompass

. Use automated underwriting tools (LP, DU) when available for loan

acceptance, and communicated acceptance conditions to customer

. If borrowers can not be approved through DU/LP, perform a pre

underwrite to see if borrower meets manual underwriting criteria

. Review credit and calculate Debt to Income

. Present 1003, GFE, and TIL to customers for signatures. Ensure all

Government disclosures are addressed and comply with all government

regulations

. Lock interest rates with lenders to maximize yield spread.

. Obtain documents required from borrower to process loans

. Order title work and appraisals to meet deadlines for loan closings

. Once conditional approvals are received, work with borrowers to obtain

information needed to clear conditions

. Work with title companies to prepare HUD-1 to ensure all requirements

of contract are met.

November 2005 - August 2007 CitiMortgage

Underwriter/ Underwriting Manager

. Review, exam and underwriting closed loans from 3rd parties for

possible purchase by CitiMortage

. Assess loan attributes and documentation for soundness, accuracy, and

identify risk issues and potential fraud

. Evaluating debt ratio, loan-to-value ratios, credit score, property

valuation and various other factors

. Determine and document loan conditions and communicate requirements

and/or decisions to lenders

. Identify and recommend alternatives regarding loan-structuring if loan

does not meet requirements the way it was submitted

. Review and analyze loan deficiencies and exception-requests to

determine appropriate courses-of-action

. Field questions from lenders on technical Underwriting issues,

problems and declines

. Regularly exercise discretion and independent judgment in addressing

critical business-matters that have a significant financial impact

. Supervise daily underwriting activities, and work loads of 7 to 10

line underwriters

May 2004 - October 2005 HSBC Auto Finance

Credit Officer

. Evaluate and underwrite applications submitted from dealerships for

auto loans in accordance with industry and business unit standards

. Once approved, structure final loan and transmit approval to

dealership

. Once approved contracts are received in-house, verify information for

completion and fund loan

. Build relationships with dealers in order to improve credit quality,

efficiency, and grow business

. Make outbound calls to dealerships to capture loans from approvals

sent out

. Work with management to identify process improvements to increase

efficiency and volume

. Prepare daily reports tracking actual vs goals

2002 - 2004 Kelair Mortgage Corp

In-house Underwriter /Licensed Loan Officer

. Present 1003, GFE, and TIL to customers for signatures once Real

Estate contract has been executed. Ensure all Government disclosures

are addressed and comply with all government regulations

. Lock interest rates with lenders to maximize yield spread back to

broker

. Obtain documents required from borrower to process loans

. Order title work and appraisals to meet deadlines for loan closings

Originate loans using conventional, FHA, and Sub Prime lenders based

on credit scores of buyers

. Originated all loans in Calyx Point 5.0

. Use automated underwriting tools (LP, DU) when available for loan

acceptance, and communicated acceptance conditions to customer

. Clients who could not be approved through automated systems were

manually underwritten to FHA guidelines or approved subprime vendor

guidelines

. Review credit and calculate Debt to Income

. Once conditional approvals are received, work with borrowers to obtain

information needed to clear conditions

. Work with title companies to prepare HUD-1 to ensure all requirements

of contract are met.

. Prepare yearly revenue forecast and track actuals versus forecast

Education

1990 University of North Texas Denton, Texas B.B.A.,

Finance

Computer Experience

MS Office, Access, Lotus Notes, AS 400 Query, Caylx Point,

Citibanking, Wells Fargo Balance Reporting, TMO

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