Darrin Stobaugh

**** ******* ****, *** ****, CA. 95120

Phone 408-***-****

E-mail ac7330@r.postjobfree.com

Licenses: California Real Estate Broker’s License 01172629

NMLS 257768

California Tax Education Council (CTEC) license A272913

Education: San Jose State University –San Jose, CA.- BS - Accounting

Mission College, Santa Clara, CA. – AA – Behavioral Sciences

AA – Business Administration

Computer Programs: Encompass, Excel, Word, Outlook, QuickBooks, Calyx, AS400, Access, LP/DU, TOTAL SCORECARD FHA, Doc Magic, PowerPoint, Adobe Reader/Writer, Datatrac, Lenders QB, Peachtree, Database creation, Visio 2013, Visual Studio 2013, FHA LEAP and Connection, Encompass, Checkpoint/ RIA.

Objective: Seeking full time position with a progressive company with room to grow.

Professional experience:

February 2017 – November 2018: Caliber Home Loans

Underwriter

Conv., Agency Non-conforming, FHA, Bond, USDA, Jumbo, VA SAR/LAPP

Credit review/underwrite Conforming, FHA, Jumbo, bond and VA loans

Appraisal reviews/VA WebLGY

Condition management

Delegated MI

December 2014-February 2017: RMR Financial dba Princeton Capital

Sr. Underwriter

Conv., Agency Non-conforming, FHA, Bond, Jumbo, VA LAPP

Credit review/underwrite Conforming, FHA, Jumbo, bond and VA loans

Appraisal reviews/VA WebLGY

Condition management

Delegated MI

Continuing enhancement of product knowledge and changes with all Conf, FHA, VA and Bond programs

January 2014-December 2014: DES Financial Services

Contract DE Sr. Underwriter/Operations/Compliance Consultant

Contract underwriting of Conforming, Jumbo and FHA, VA loan processing.

Consulting on operational/compliance issues (duties done previously as perm employee)

Blogging (Financial markets and industry training series)

Write articles for The Scotsman Guide

Compilation and updating of departmental procedures

Bookkeeping

October 2012 – December 2013: Stearns Lending

Sr. DE Underwriter

Underwrite Conforming, Jumbo and FHA loans.

Programs included all FNMA/FHLMC, Jumbo, FHA, FHA Streamline, 203(k).

Signing authority to all county maximums, Jumbo to $2 million.

Sign off conditions, Delegated MI

Ensure ECOA, HMDA and all other RESPA regulations are followed.

July 2009 – Sept. 2012: Argus Lending

Sr. Manager/DE Underwriter

Manage Operations, overseeing Underwriting, Secondary Markets, and Funding.

Underwriting Conforming, Jumbo, FHA loans. Signing authority to $1 million.

Flagstar Bank Elite status delegated FHA and Conventional loans

Manage the Secondary Markets department, including locks, extensions and loan purchases/reconciliations.

Quality Control, Ensuring MDIA disclosures are sent, review documents for errors and review files after funding and prior to purchase for completeness and any possible errors.

June 2007 –June 2009: D.E.S. Financial Services

Owner/Broker

A Retail Real Estate and Mortgage company

Part time 1993-2007, Full Time company 2007 to 2009

Write Educational articles for the Mortgage trade magazine Scotsman Guide

Originate Prime, Alt A, Non-Prime, FHA, VA and Commercial loans

Act as a Buyers/Sellers Agent in the Bay Area market place

Write and negotiate Residential and Commercial leases.

Write educational articles for Borrowers for the online newspaper Examiner.com

Contract Forensic Underwriting for Re-purchase requests from Monolines at Bank of America.

Jan. 2007 – June 2007: New Century Mortgage – Campbell, CA.

Regional Vice President of Operations

Management of N. CA and Hawaii office with 30 managers and 140 employees

Ensured all staff up to date in their training to improve quality in the product.

Second signature/underwrite loans to ensure company’s loan quality

Continually evaluate and improve processes improving productivity and eliminating wasted time creating the number 1 production region

Continual review for expense reduction and profit increase

Due diligence underwriting on all Correspondent loans (A, Alt A, and Sub Prime)

May 2004 – Jan. 2007: First Franklin Financial/Merrill Lynch – San Jose, CA.

Corporate Underwriting Manager

Daily supervision/training of Corporate underwriters that review and approve exceptions to company guidelines that are submitted from the field. Signing authority to $4 mill.

Monitor trends and First Payment Defaults and make recommendations to guidelines.

Lead Alt A and A program development and training to increase company profit

Created “paperless” department saving the company thousands of dollars a month

Tested and gave feedback on new software programs from outside vendors/partners

Team won “Power Award” for all the contributions the department gave to the company leading to the company’s success.

Management and continual training of 25 managers and 125 Field underwriters to ensure product quality and keep First Payment Defaults under 1.5%

Aug. 1999 – May 2004: ComUnity Lending, Inc. - Morgan Hill, CA.

Operations Manager

Delegated Underwriting for most major investors of

Conventional/Jumbo/Niche/HELOC loans and proprietary in-house Sub Prime loans using AUS systems and manual underwriting.

Producing Manager – Underwrite, Doc, Fund, and Ship 20% of office production

Created Team building exercises to help build a stronger team

Member of guideline creation team and nationwide training

Managed FHA/VA underwriters to ensure guidelines are being followed

Member of Post sale Due Diligence team on mini bulks being sold

Signing authority to $650,000.

July 1996-July 1999: Countrywide Home Loans - Milpitas, CA.

Wholesale Account Executive

Generation of new Broker Accounts

Maintaining existing accounts

Field underwriting of Conv., FHA/VA product

Oct.1992-July 1996: Frontline Mortgage/Comerica - San Jose, CA.

Senior Underwriter

Underwrite Conventional and Jumbo loans to Investor guidelines

Signing authority to $650,000. Training underwriters, and Q/A

Conv., Jumbo, HELOC loans

Mar. 1989-Sept 1992: Lincoln Service Corp. - San Jose, CA.

Underwriter

Underwriting Conventional and Jumbo loans to Investor guidelines

Signing authority to $500,000. Conv., Jumbo, HELOC loans.

June 1986-Feb. 1989: Mountain Financial - San Jose, CA.

Loan Processor - Conv., FHA/VA loans

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