Manager Financial Analyst
Resume:
Darrin Stobaugh
**** ******* ****, *** ****, CA. 95120
Phone 408-***-****
E-mail ***************@*****.***
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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