Bill Denmark

Orange Park, FL 904-***-**** ac1rpv@r.postjobfree.com

MORTGAGE UNDERWRITER

Expertise in FNMA/FHLMC, & Jumbo Loans

Mortgage underwriter known for strengths in risk assessment, analyzing credit documents, including, but not limited to, mortgage applications, credit history and income documents, title documents, appraisals and all applicable compliance documents. Evaluate debt ratio, loan-to-value ratios, credit score, property valuation and various other factors. Ensures the quality and accuracy of each loan. Provided high level assistance to Loan Officers, Processors, and third parties regarding underwriting related questions and/or issues. Performing risk analysis and due diligence review on clients’ mortgage loan files.

Comprehensive knowledge of underwriting guidelines and restrictions for conventional and government-insured loan programs for both conforming and nonconforming mortgages. Well-versed in federal regulations and regulatory agencies including RESPA, FNMA, FHLMC, FHA, VA and Jumbo lending. Complete understanding of HUD 4155.1 (Mortgage Credit Analysis for Mortgage Insurance) and • 4000.1 - FHA Single Family Housing Policy Handbook. Perform required analysis of property appraisal to ensure subject properties meet the investors appraisal criteria.

Skills

Lending & Underwriting Guidelines Credit & Income Analysis Cash-Flow Analysis Risk Assessment Loan-to-Value Ratios Debt-to-Income Ratios Conventional & Government Mortgages Conforming & Nonconforming Loans ARMs Loan Closing, Funding & Documentation • Utilizes both manual and automated underwriting methods to determine acceptability of requests and make appropriate decisions Assisted with underwriting research, training, new procedures as well as interpreting and communicating underwriting guideline changes. Proven ability to analyze and underwrite complex loan structure, including self-employed borrowers, investment properties, construction loans and all expanded approvals Strong cash flow analysis skills reviewing complex personal and business tax returns, P&L statements and financial statements Knowledge of all standard mortgage loan documents including, but not limited to: appraisals, title reports, income verification, purchase contracts, lease agreements, trusts, warranty deeds, etc.

Professional Underwriting Experience

Stonehill Group Inc., Jacksonville, FL

Mortgage Underwriter, 2016 to 2017

Maintained a high level of quality on underwriting decisions. Assisted in the training of new underwriters. Results:

Balanced the need for loan-volume growth with the equally important necessity of optimum underwriting quality to minimize risk while maximizing profitability.

Performed Underwriting reviews on a minimum of 4 new loans and 6 conditional files per day.

Ensured loan submittals met internal and external eligibility requirements. Gained extensive experience in underwriting FNMA and FHLMC loans.

Assured compliance with policies and procedures outlined in the investor guides/overlays and contractual obligations as well as state and federal regulations and regulatory requirements.

Signing authority Level of $3,000,000.

Demonstrated excellent follow-through with brokers, correspondent lenders, loan processors, account executives and management throughout all phases of the underwriting process.

Document final decision and update system of record.

Performed required analysis of property appraisal to ensure subject properties meet the company’s appraisal criteria.

Reviewed Guidelines and overlays for USBank Mortgage, Wells Fargo, PennyMac Mortgage, Chase Mortgage, Pinnacle Mortgage, Impac Mortgage.

Underwrote properties for Florida, Georgia, New York, New Jersey, North and South Carolina, Missouri, Arkansas, California.

Digital Risk, Jacksonville, FL

Mortgage Underwriter, 2015 to 2016

Maintained a high level of appropriate and intelligent underwriting decisions to identify deficiencies and fraud through a forensic and detailed review of each mortgage loan file. Results:

Perform in-depth research to document critical credit documentation is accurate (income, employment, occupancy, credit, assets, valuation, contract, HUD-1, third party involvement).

Re-Underwrite, research and analyze the population of GSE and private investor open exceptions which requires in-depth understanding of conventional and government UW guidelines and practices including income calculations. Ensured loan submittals met internal and external eligibility requirements.

Performed risk analysis and due diligence review on clients’ mortgage loan files.

Making appropriate and intelligent decisions to identify deficiencies and fraud through a forensic and detailed review of each mortgage loan file, and performing sufficient investigative work to detail any fraudulent components.

Analyzing credit documents, including, but not limited to, mortgage applications, credit history and income documents, title documents, Evaluate debt ratio, loan-to-value ratios, credit score, property valuation and various other factors.

Proven ability to analyze and underwrite complex loan structure, including self-employed borrowers, investment properties, and all expanded approvals.

Strong cash flow analysis skills reviewing complex personal and business tax returns, P&L statements and financial statements.

Performed required analysis of property appraisal to ensure subject properties meet the company’s appraisal criteria.

Randstad Staffing - Contract with Stonegate Mortgage Company, Clearwater Beach, FL

Processor-Junior Underwriter, 2014 to 2015

Maintained a high level of appropriate loan processing in assisting senior underwriters to review loan files and approve borrowers for closing. Results:

Processed FHA/VA/FNMA/FHLMC/USDA programs; in addition to FHA 203K and FNMA rehabilitation loans.

Collaborated with managers and participate in mentoring sessions for Borrower, Realtor, Closing Agent, and Appraisal Management Company.

Acted as a liaison between the underwriting, title, settlement agent and funding department to ensure a timely closing of loans.

Performed risk analysis and due diligence review on clients’ mortgage loan files.

Pulled Credit Alert Voice Response System, (CAIVRS) Limited Denial of Participation, (LDP) and General Services Administration (GSA) reports.

Reviewed credit documents, including, but not limited to, mortgage applications, credit history and income documents, title documents, Evaluate debt ratio, loan-to-value ratios, credit score, property valuation and various other factors.

Monitor processing pipeline for activity, status and accuracy.

Maintained a pipeline between 80 to 100 files, with a average closing of 20 to 25 files per month.

Worked closely with TPO Brokers and/or correspondent lenders.

Knowledge of reading and understanding DU findings.

Authorization to Clear Income/Assets/Credit.

Bank of America., Jacksonville, FL

Mortgage Underwriter, 2011 to 2014

Maintained a high level of quality on underwriting decisions. Trained and updated Underwriting staff on all operational procedures and investor guidelines and procedures. Appointed to Bank of America Traveling SME team for Denver, CO, Dallas, TX and Brea, CA. Results:

Modification Underwriter for FHA, VA, USDA, FNMA, FHLMC, E-HUD and DOJ.

Verify occupancy, hardship and income.

Apply payment waterfall to determine HAMP-Non-HAMP eligibility (rate reduction, term extension, deferred principal).

Determine and communicated needed conditions to properly document the file (reason for default letter, updated pay stubs, bankruptcy papers, etc.).

Escalates fraud files to Risk Management Leadership Team.

Document final decision and update system of record. Performed Quality Control Auditing on Second Liens.

Experienced working with Workout Prospector, Workout Interaction Tool, Home-Saver solutions Network, and/or other GSE and Non-GSE related loss mitigation systems.

Trained and updated Underwriting staff on all operational procedures and investor guidelines and procedures.

Reviewing FNMA, FHLMC modification for Quality of FNMA, FHLMC, SFO, and HFI HAMP Modifications.

Aerotek Temp Agency/Bank of America., Jacksonville, FL

Processor, 2010 to 2011

Maintained a high level of quality on processing decisions. Job assignment thru temp agency lead to full time employment offer from Bank of America. I met or exceeded monthly goals. Results:

HSSII and SASE 2 Level underwriting

Processed FNMA, FHLMC and MHA residential loans.

Escalates fraud files to Risk Management Leadership Team.

Document final decision and update system of record.

Acted as a liaison between the underwriting, title, settlement agent and funding department to ensure a timely closing of loans.

Trained and updated processing staff on all operational procedures and investor guidelines and procedures.

Reviewing FNMA, FHLMC modification for Quality of FNMA, FHLMC, SFO, and HFI HAMP Modifications.

Utilizing systems Fannie Mae, Value-finder, and Land-Safe BPO for appraisal values verified and cleared all income, assets, appraisals, titles, insurance policies, patriot act and other conditions needed to allow a loan to go to closing.

Chase Mortgage, Jacksonville, FL

Processor, 2010 to 2010

Maintained a high level of quality on processing decisions. I met or exceeded monthly goals. Results:

Processed FNMA, FHLMC

HAMP and HARP residential loans.

Escalates fraud files to Risk Management Leadership Team.

Document final decision and update system of record.

Acted as a liaison between the underwriting, title, settlement agent and funding department to ensure a timely closing of loans.

Maintained a production between 45 and 50 files

Knowledge of reading and understanding DU findings.

Authorization to Clear Income/Assets/Credit.

Reviewed credit documents, including, but not limited to, mortgage applications, credit history and income documents, title documents, Evaluate debt ratio, loan-to-value ratios, credit score, property valuation and various other factors

Liberty Mortgage Inc. Jacksonville, FL

Mortgage Origination, 2007 to 2008

Maintained a high level of loan production, I met or exceeded monthly goals. Learned and marketed the FHA Reverse Mortgage (HECM) to seniors, Non-Profit organizations throughout the state of Florida and worked closely with FHA approved Counselors. Results:

Originated FHA/VA, Conventional Loans

Originated FHA 203-k Loans for Borrowers, Investors and non-profit organizations.

Monthly Production of $1,000,000

Worked closely with borrowers, Builders, Realtors and additional third parties.

Trained new hire Mortgage loan officers.

Developed Marketing plans and strategies for FHA Reverse Mortgage (HECM).

Performed and presented FHA Reverse Mortgage (HECM) to senior groups throughout the state of Florida.

Education

Florida Community College of Jacksonville, Jacksonville, FL

AS in Finance, Minor in Business Administration

Held Series 7 License (Lapsed)

Technology

Calyx Point; Desktop Underwrite (DU), Loan prospector (LP), Desktop Collateral Underwriter (CU), Encompass, LES and Calyx Point. MERS/BLS Websites/Pacer Reports. FHA Connection. Value-finder, and Land-Safe BPO. Workout Prospector, Workout Interaction Tool, HomeSaver Solutions Network. EDGE/StatusSmart

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