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Manager Loan

Chicago, Illinois, United States
January 16, 2019

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Raymond B. Scott

**** * ******** *******, ** ****8


Objective: To find a challenging position that will utilize several years of demonstrated success and accomplishments within the industry. Position should provide opportunities to advance for a dedicated and assertive individual.


Post-Closing Underwriting Specialist @ Guaranteed Rate Mortgage 7/17 to 10/18.

Perform a pre-funding quality control review of loans from the Mortgage Direct Division.

Review and validate post-closing quality control results reported by Guaranteed Rate investors QC department.

Participate in the remediation of identified defects with Operations and Correspondent Sellers.

Monitor the progress of implementation of action plans based on quality control findings and results.

Conduct a focused review on adversely selected files.

Communicate identified defects effectively to internal and external counter parties.

Assist in developing QC audit and project plans.

Monitor QC project pipelines and analyze reports to ensure deadlines are met.

Analyze various reports and data to identify patterns of deficiencies and opportunities for improvement.

Act as a resource and subject matter expert for questions regarding Quality Control.

Loan Processor @ Guaranteed Rate Mortgage 6/16 to 6/17

Review loan approvals and clear all underwriting conditions.

Work closely with the loan officers and directly with the borrower to retrieve all required conditions for final clear to close.

Update Encompass software with the most accurate income, assets, and employment information.

Used DU and LP automated underwriting systems to update any changes made to the loan application as necessary.

Meet deadlines in a fast pace work environment.Maintained a pipeline with an average of 25 to 30 loans daily.

Used excel spreadsheets to organize, update and track the progress of each individual file in my pipeline.

Prepared and and submitted completed loan files to the closing department.

Reviewed and took all necessary actions to clear any outstanding liens on the title report.

Knowledge of closing required documentation and closing guidelines for various lenders.

Kept track of scheduling, tracking closing dates, contingency dates, and rate lock expiration dates.

Underwriter/Analyst (Contract) @ Slate Staffing @ Crosscheck Compliance 2/15 to 5/16

Perform back end quality control review of loss mitigation mortgage loan files.

Reviewed income, credit, and property appraisal reports.

Performed forensic loan reviews with emphasis on detecting fraudulent loan practices.

Write effective summaries detailing the findings of the review.

Provide quality results within the required productivity guidelines.

Kept current with the changing and complex business and regulatory environment.

Consistently met client expectations for delivering services as required in the agreed upon statement of work.

Senior Underwriter (Contract) @ M.G.I.C. @ U.S. Bank, Naperville, IL 5/14 to 11/14

Underwriting review of conventional conforming and non-conforming loan files according to FHLMC/FNMA investor guidelines. Utilized credit analysts, income review, and appraisal assessment to evaluate risk factors.

Analyze and evaluate residential loan applications originated by U.S. Bank branch offices in accordance with industry and business unit standards.

Identify and detect potential fraud, refer findings to management staff.

Gather, analyze, and interpret a variety of credit information for existing and prospective retail banking customers in order to maximize credit and minimize risk and potential loss.

Develop and maintain a loan underwriting portfolio consistent with guidelines and credit quality and investor/insurer standards.

Lending authority up to $650,000.

Utilized Desktop Underwriter, Loan Prospector, Encompass,

Senior Underwriter, Freddie Mac, Chicago, IL 11/11 to 9/13

Performed audit based loan reviews of Freddie Macs performing/non-performing loan portfolio utilizing credit analyst, income review, and appraisal review to evaluate risk factors.

Intricate knowledge of Agency and investor guidelines (i.e. Chase, CitiMortgage, U.S. Bank, Wells Fargo, Bank of America, GMAC/Ally, etc.).

Identify, detect, and investigate potential mortgage fraud.

Analyze credit reports, financial statements, assets and income.

Appraisal review with emphasis on accurately determining collateral value to be reasonable and within market area price range.

Evaluate personal and business tax returns in order to determine borrower capacity.

Validate automated underwriter findings (DU, LP, Zippy, ECS, etc.).

Senior Underwriter, First Preferred Mortgage, Southfield, MI 10/09 to 6/11

Underwrite conventional loan files according to FNMA/FHLMC investor guidelines utilizing credit analysis, income/taxes, and appraisal reviews to evaluate risk factors.

Managed a pipeline of loans from the initial application to closing.

Worked closely with the loan processing staff and loan officers to ensure all loan decisions/conditions were communicated effectively in efforts to streamline the process.

Utilized Encompass, Mortgage Builder, DU/LP automated underwriting systems.

Team Lead,, U.S. Bank, Minneapolis, MN 8/04 to 9/0

Managed a team of 10 underwriters monitoring productivity and quality score requirements.

Reviewed home equity loans, car loans, small business loans and a variety of consumer loan products.

Reviewed high risk applications for approval. Handled all escalated loan applications working directly with the branch manager and vice president of operations.

Provided feedback to team members helping to identify strengths and areas that needed improvement.

Facilitated monthly training classes based on audit reviews improving the overall quality efficiency of the department.

Senior Underwriter, Republic Mortgage Insurance Company, Minneapolis, MN 7/00 to 7/04

Underwrote active loans according to FNMA/FHLMC investor guidelines, utilizing credit analysis, income taxes, and appraisal reviews to evaluate risk factors.

Proficient in operating DU, DO, LP, CLUES, Asset Wise, and Contour software programs.

Designated underwriter for several high-risk lending programs, with emphasis on reviewing non-traditional forms of credit applications.

Responsible for all aspects of the loan processing, underwriting, and compliance.

Utilized marketing programs to draw new business to the company.

Underwriter, Conseco Finance Corporation, St. Paul, MN 3/96 to 6/00

Underwrote loans for Home Improvement Division.

Reviewed credit files for sub-prime mortgages.

Communicated with in-house loan originators and processors to ensure conditions met protocol.

Credit Manager, Conseco Finance Corporation, St. Paul, MN

Underwrote Consumer Finance Division loans.

Conditioned applications, and verified product values.

Communicated loan application decisions directly to the dealer. Once approved, referred loans to the processing staff for final verifications.

Loan Processor, Conseco Finance Corporation, St. Paul, MN

Processed Home Improvement Division loans. Reviewed titles, printed and mailed loan packages, checked-in signed documents and reviewed for accuracy, and funding.

Verified correct lien position to secure interest in the loan.

Worked closely with in-house account managers to ensure proper conditioning on loan applications.


Western Wyoming Community College, 1992

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