Electrical Engineering Real Estate

Miriam Reich

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

609-***-**** (mobile)

Summary

Mortgage Professional who thrives in a busy work environment with proven ability to handle multiple tasks and high volume with ease and efficiency.

Skills

•20 years mortgage and insurance experience • DU and LP AUS.

•Front-line underwriter • Complex income/risk assessment (Self

•Quality Assurance Employed and multiple investment properties)

•Manual Underwriting • Collateral review

•MI Underwriting • Fraud analysis

Experience

Government Underwriter 09/2011 to 03/2018 Freedom Mortgage Corporation Remote

• In depth review of residential mortgage loan applications including initial disclosures, income, asset, collateral and credit documents. Perform income and credit risk assessment. Income analysis for all income types including complex tax returns for self-employed/rental income to calculate debt-to-income ratios, loan to value and render a final decision. Clients include Retail, Call Center and Wholesale loan originators.

• Evaluate the financial strength of borrowers and their repayment capacity.

• Ensure loan submittals meet internal, state/federal and investor guidelines. Use and review of fraud prevention tools. Gained extensive experience in underwriting FHA, VA and FNMA/FHLMC, QM, non QM, conforming and Jumbo.

• Handled multiple product lines including FHA DE Manually underwritten loans, Specialty loans (TXA6, Jumbo, Freedom First), FNMA/FHLMC Conventional loans and VA/FHA Streamline loans.

• Special assignments included Liaison to Sales advising on loan suitability, possible loan restructure and alternative products available and mentoring new processors.

Achieved the highest quality scores in both FHA and Conventional/Specialty loans for accuracy and detail. Promoted four times within the company and received Production and/or Quality Bonus in 2015, 2016, 2017 and first quarter 2018. A proven team player, I move between product lines and departments, quickly incorporating new training and guidelines. My ability to learn is one of my greatest attributes. Quickly fluent in all software systems. I also worked as a Mentor for newly hired Underwriters and as a Mentor for the FMC First Flyer program.

Loan Processor 04/2009 – 06/2011

Wells Fargo Home Mortgage Inc Chester, Pennsylvania

Processer for conventional conforming and non-conforming loans, underwriting authority for 1A loans (wage income, conv loans), processing authority to 4A loans (complex income analysis and tax returns). Requisitioned documentation from BRR and third-party vendors such as title, appraisal, VOE/VOM, payoffs, income/asset and credit docs. Evaluate and ensure loan documents are accurate, complete and compliant, review financial statements, credit reports, ratios and supporting documents to determine BRRs ability to re-pay and if loan meets guidelines. Update loan origination system, assemble and submit to Underwriting, clear prior to fund conditions and pass to closing.

Initially hired as a contract employee in the closing department, I was hired by Wells Fargo as a permanent employee two months later in the processing department. Managed a full pipeline as a Processor while 'moonlighting' as a Closer at months end. Achieved production bonus every month bonus it was offered.

Mortgage Loan Closer 11/2007-03/2009

TRG Customer Solutions, Inc. Mount Laurel, New Jersey

Contract employee in the Closing Dept of TRG. Responsible for preparation and distribution of closing documents for mortgage loans. Clients consisted of PHH, BB&T, Citi and other Mortgage Lenders operating in all fifty states. Closing services consisted of accepting loan documents from the Lender, review of terms, escrow information, preparation of prelim & final HUD, preparation of loan documents and instructions for Closing Attorneys, Notaries and Mail Aways and funding. Also preformed post close review of signed documents and initiation of checks to be issued. Originally hired as part of a team of 106 contract workers, I was one of five contract workers to remain when during times of business downturns

Real Estate Sect’y and Relocation Coordinator 02/2003 – 12/2005

Batcha & Batcha, LLC Pennington, New Jersey

Legal assistant & licensed Title Agent assisting attorney in all phases of real estate transactions and mortgage closing. Specializing in relocations and purchase/sales, contract negotiation, title review, HUD prep, post close disbursements, reconciliations, choosing vendors & ordering of services. Special projects include purchase & install of IT equipment and management of the relocation business. Delegate work to and work with two satellite offices.

Sr Loan Officer 06/2002-11/2003

Freedom Mortgage Corporation Mount Laurel, New Jersey

Initiate and process conforming, non-conforming & sub-prime residential real estate loans. Analyze client profiles, select loan program, structure loan & price accordingly. Processing in Contour, credit risk evaluation using DU, LP & Assetwise. Verify loan conforms to program, submit to underwriting for a Final Approval and prepare to close.

Education

Adelphi University/MBA in Finance Garden City, New York

SUNY At Stony Brook/Bachelor's Degree Electrical Engineering Stony Brook, New York

Bronx High School of Science/ High School Diploma Bronx, New York

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