GUADALUPE (LOU) VALDES

***** **** ** #****

FARMERS BRANCH, TX 75234

214-***-**** Cell

ac4i2a@r.postjobfree.com

SUMMARY

Skilled Mortgage Underwriter (Wholesale, Retail, Correspondent) of VA, CONVENTIONAL (Conforming/Non-conforming), CONVENTIONAL JUMBO, USDA, and to include BOND (TSAHC, TCHFC, TDHCA, CALHFA, SETH, and other State Bonds) LOANS; processed through automated underwriting systems LP, DU, and manual underwriting for 19 years to date. Approve acceptable loans within delegated lending authority up to $1,500,000.00.

PROFESSIONAL HISTORY

Pacific Union Financial, Farmers Branch, TX September 2016 – February 2018

Sr. Mortgage Underwriter/Credit Risk Manager

Provides leadership and direction to the credit risk management group.

Test case and 2nd level Reviewer for various Bond, Conventional, USDA, and VA loans for

lending authority for assigned Underwriters.

Ensures that the credit process, policies and activities fall within parameters of

organization's policies and standards and appropriate legislation.

Familiar with a variety of the field's concepts, practices, and procedures.

Relies on experience and judgment to plan and accomplish goals.

Now newly appointed (company restructure) Sr. Mortgage Underwriter with lending

authority up to $1,500,000.00.

FNBT, Melissa, TX April 2016 – September 2016

Mortgage Underwriter III

Perform detailed review and credit analysis of mortgage loans submitted from originators to ensure the loans meet established underwriting guidelines.

Underwriter of Wholesale, retail, Correspondent lending for VA, CONVENTIONAL, and USDA loans processed through automated underwriting systems LP, DU, and Manual Underwriting.

Approve acceptable loans within delegated lending authority up to $600,000.00.

Reviews findings and documentation to insure compliance with FNMA/FHLMC and investor guidelines.

Loan Depot, Plano, TX October 2014 – December 2015

Mortgage Underwriter III

Perform detailed review and credit analysis of mortgage loans submitted from originators to ensure the loans meet established underwriting guidelines.

Underwriter of VA, CONVENTIONAL, and DURP loans processed through automated underwriting systems LP, DU, and Manual Underwriting.

Approve acceptable loans within delegated lending authority up to $650,000.00.

Reviews findings and documentation to insure compliance with FNMA/FHLMC and investor guidelines.

1ST Quarter 2015 received Rising Star Award as a newcomer with Loan Depot.

2nd Quarter 2015 received Top Underwriter with Loan depot.

BB&T Bank, Dallas, TX November 2010 – October 2014

Mortgage Underwriter II

Perform detailed review and credit analysis of mortgage loans submitted from originators to ensure the loans meet established underwriting guidelines.

Underwriter of VA, Conventional, Jumbo, Construction, Fannie Mae/Freddie Mac HARP, and USDA loans processed through automated underwriting systems LP, DU, GUS, VA, and Manual Underwriting.

Approve acceptable loans within delegated lending authority up to $650,000.00.

Reviews findings and documentation to insure compliance with agency and investor guidelines.

Provide comprehensive lender support to mortgage loan officers and processors and underwriting approximately 125 to 160 loans monthly and the only Underwriter with additional monthly BONUS attained for underwriting more than 80 loans monthly.

Fannie Mae, Dallas, TX November 2009 – August 2010

Contract Sr. Escalations/Support Specialist

Responsible for supporting servicers on the Home Affordable Modification Program (“HAMP”) and assisting servicers with any issues or problems related to the HAMP Program.

Responsible for working with servicers to resolve HAMP escalation inquiries received by call or email and review borrower loan modification appeals.

Respond to all inbound/outbound email inquiries regarding any issues or problems related to the HAMP Program.

Receive inbound calls from servicers regarding any issues or problems related to the HAMP Program.

Assist servicers resolve any operational or system issues related to the ongoing execution of the HMP Program.

Perform outbound servicer contact to encourage participation in the HAMP Program.

Perform servicer oversight and outreach related to servicer’s performance in the HAMP Program.

Provide servicer training or webinars related to the HAMP Program

Bank of America, Plano, TX May 2009 – September 2009

Contract Mortgage Underwriter

Underwriter of conventional loans and HARP/HAMP programs processed through automated underwriting systems and Manual Underwriting 8-10 loans daily.

Processed both manual as well as automated underwriting systems.

Reviews findings and documentation to insure compliance with agency and investor guidelines.

Issue final loan decisions in accordance with FNMA, FHLMC guidelines and Investor automated systems

Cleared conditions on previously underwritten files for clear to close status.

Freddie Mac, Plano, TX February 2009 – March 2009

Freddie Mac Loss Mitigation Analyst/FHLMC (Contract)

Performed onsite review and negotiation of delinquent mortgage loans in accordance with FHLMC guidelines.

Determined complex financial issues by providing borrowers with pre-foreclosure lending solutions.

Provided thorough consultation and initiated loss mitigation options HARP.

Managed foreclosure and bankruptcy from inception to completion and mitigated all potential losses within an acceptable range.

Managed vendor performance while working with onsite loss mitigation specialists as well as service reps to review closed files for any additional action.

Selene Finance LLC, Houston, TX October 2007 – February 2009

Foreclosure and Loss Mitigation Specialist

Negotiated short sales/deed in lieu/forbearance of foreclosure for at-risk properties.

Communicated and consulted with Borrowers on Loss Mitigation efforts and arrangements.

Reviewed accounts to consider loan removal from foreclosure list. Responded to customer inquiries regarding mortgage defaults, and loss mitigation options.

Initiated outbound calls to potential customers who need advisory services.

Reached customers in default or at high risk for delinquency to evaluate financial ability, and reason for default.

Negotiated and formalized repayment arrangements with customers in foreclosure stage recommending and initiating loss mitigation options for HAMP.

Analyzed liquidation options and prepared state specific documentation to initiate foreclosure proceedings applicable within a 20-state region.

Accountable for 300 non-performing assets and contacting customers on pre-payment plans and options, consistently delivering and exceeding 20% of monthly goals.

Aegis Mortgage Corporation, Houston, TX August 2005 – September 2007**

Senior Mortgage Underwriter/Foreclosure and Loss Mitigation Specialist

Level III Underwriter, Conventional Loans review, condition, approve, and reject within delegate lines of authority to include Wholesale/Sub-prime credit applications up to $500K & within a 15 state region averaging 165 per month with a funding average of 51% monthly.

Senior Underwriter Reviewer of loans for quality assurance.

Demonstrated ability in cross training to analyze and pursue alternatives to foreclosure preparation for a 20-state region.

Negotiated short sales/deed in lieu and forbearance agreements of foreclosure on high risk properties.

**Note: Aegis filed Bankruptcy in 01/2006 and Selene Finance (see above) purchasing the last portion of their portfolio therefore; I remained under the same umbrella for 3 years.

People’s Choice Home Loans Inc. Lakewood, CO January 2004 – June 2005

Senior Mortgage Underwriter

Processed an average of 135 to 175 loan files/applications monthly verifying accuracy of documents received to include ordering required credit reports, appraisals and other documentations needed for completion of loan files for closing

Conventional Loans review, condition, approve, and reject within delegate lines of authority averaging 90 to 105 credit applications monthly within a 20 state region

Origen Financial L.L.C., Fort Worth, Texas June 2002 – December 2003

Credit Manager/Senior Mortgage Underwriter

Responsible for 400 non-performing assets and contacting customers on forbearance plans and alternative to foreclosure options meeting and exceeding 24% monthly goals set.

Underwrite 120 to 130 loans per month to include reviewing conditions and cleared loans to close.

Manage the investigation, analysis of investigation and approval functions within the credit guidelines and routines of a nine-state region

Conventional Loans review, condition, approve, and reject within delegate lines of authority to include retail credit applications

Reviewed contracts of accuracy of discounting calculations in sales and rate for customer pre-payment forbearance plans

Manage the Audit and Quality Control programs including Account Representatives in Sales and served as Collections Auditor and Compliance

COMPUTER SKILLS

Windows 7, Excel, Word, PowerPoint, AS400 Systems, EMPOWER, Mortgage Ware, Citrix Systems, LaserPro Mortgage, MortgageServ, Empower (Microsoft Access), Encompass, Ocwen, Netox Systems, Calyx Point 5.2, Fidelity Systems, Microsoft Visio, EDGE, LPS, VLF, ENCOMPASS, StatusMart, Siebel 8 Version, CITRIX SYSTEMS, UNIFI SYSTEMS, USDA/GUS, PEGASUS (Pegasso), VA PORTAL, MAX, Loan Beam, DocMagic,

VA LAPP/SAR #017974

US Army 1975-1998 (RETIRED)

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