Quality Control Real Estate
Resume:
Jean M Day
*********@*****.***
Objective: An challenging position as an Underwriter with a Mortgage company with
room to grow, and opportunity for Advancement.
Experience:
Old Merchants Mortgage Bankers Lake success, NY
Senior Underwriter 12/2003 to 03/2010
Review,Underwrite and valuate loans to FHA and/ or Conventional standards. Asses
loan attributes and documentation for soundness and accuracy. Review and evaluate
loan files for risk issues and potential misrepresentation. Evaluate overall income, credit
and equity of a loan file. Determine and document loan conditions and communicate
loan requirements and / or conditions for loan approvals. Assist in indentifying and
recommending alternative loan structuring or loan requirements. Perform
comprehensive evaluations on complex, high risk loan application. Review / analyze
and sign off on loan conditions. Heavy interaction with investors for changes and up
-to-date guidelines. Running daily pipeline reports, indentifying loans that are ready to
close. Answering loan officers questions regarding scenarios and loan exceptions.
Responsible for day to day operations of processing department, including hiring and
training new processors. Performed credit valuation for mortgage loans after approval
by FHA total scorecard. Review appraisals for accuracy. Downgraded loans to refer or
reject with complete explanation. Proficient in Manual Underwriting.
Wells Funding Group inc / Home-key capital inc Hicksville, NY
Quality Control supervisor / part owner 10/1999 to 11/2003
Supervised a team of processors . Analyzed applicant's financial status, credit and
property evaluation to determine feasibility of granting loans. Reviewed credit
information to determine risk involved in lending money to applicants, look for
misrepresentation, and/ or fraudulent documentations. Point of contact between lender
and company, made choices on which lending institution to placed loans based on
applicants need, and qualifications. Built stong relationship with L/O's, Processors,
and Lenders underwriting team to reassure smooth transition of company's file from
origination to closing. Reviewed all loans applications, appraisals and required
documents for accuracy. Set up a very effective Quality Control procedure for
processors to follow. Performed meeting twice a month with L/O's and Processors to
discuss changes in industry and which new documentations will be required. Kept an
open door policy,and a positive energy flowing at all times too assure overall success
of company .
Education:
United States Department of Housing and urban development ( HUD ) Atlanta, Georgia
FHA Advanced Underwriting. 2010
Learned about recent changes in FHA procedures and guidelines, for both credit and
property: as well as how to underwrite several FHA loans such as refinance
transactions, Manufactured homes, construction perm, building own land, 203k
streamline and regular, real estate owned, Energy efficient Mortgages and hecm.
National Association of mortgage processors and underwriters. Atlanta
Certified FHA credit examiner ( certification ). 2010
Learned the Basics of Mortgage Credit Analysis. Learned to Complete a Mortgage
Credit Review of FHA Insured Mortgage Types, and Understand Mortgage Credit
Underwriting Guidelines Where They Relate to FHA Insured Mortgage Types.
Determine When a Case Needs to be Downgraded to a Refer. Understand the
Principles of Due Diligence in Underwriting Where it Relates to FHA Insured Mortgages.
Understand Documentation Requirements for different FHA Insured Mortgage Types.
Took and pass FHA Certified credit examiner certification test.
National associations of mortgage processors and Underwriter. Atlanta
Due diligence Underwriting 2010
Understanding Due Diligence in Underwriting. Manual Underwriting. Documentation
Requirements Assessing Risk. Assessing Financial Behavior.step to be completed in
manual underwriting. Underwriting beyond the AUS.
Berkeley College New York, NY
Business Administration 1997
References: Available upon request
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