Resume

Sign in

Loan underwriter

Location:
San Diego, California, United States
Posted:
October 17, 2018

Contact this candidate

Resume:

Jessica Beesla

Phone# 925-***-****

Email: ac7ey5@r.postjobfree.com

PROFESSIONAL OBJECTIVE

Award-Winning Senior Mortgage Underwriter with a successful 20+ year in-depth knowledge in analyzing credit risk & confident decision making in multiple lending guidelines and programs

My core strengths and abilities include:

Resourceful, responsible, mature and flexible. Adaptive, multi-tasking/prioritizing under aggressive timelines, exceeds production & quality, basic math skills, consistent work history, honest & ethical. Work well independently, with minimum supervision, or as member of a team.

Area of Expertise & Skills:

Retail & Wholesale Underwriting DU & LP FNMA FHLMC USDA CALHFA DURP & OA Homeready /Homepossible Conforming & NonConforming Jumbo & HB Manufactured & Condos Portfolio & Niche Products Manual Underwriting DU/LP (wholesale, Retail, and HARP Environment)

Broker consultant support, Financial Analysis, Request for proposal, Quality control, Zoning Research, Budeget Development, Debt Equity, Credit & Collections; Microsoft Office, Windows and MAC, Map point, Word & Excel, PowerPoint, Access, C++, HTML

EXPERIENCE HISTORY

Mason McDuffie, San Ramon CA

Sr. Underwriter Conventional/USDA (11/2015 to 03/18)

Responsible for reviewing financial statements, applicable ratios, credit reports.

Review Subject Purchase Contracts & Title & Property documents to ensure rights of ownership

Evaluate Appraisal to ensure report is fully complete & subject property value is supported,

Detect any imminent property issues & condition as required for any Health & Safety, additional

inspections & Final. Request any value reviews for high risk loans & escalate to upper

management for review if necessary

Examining and evaluating transitions to certain accuracy, fraud detection techniques.

Analyze credit report to liabilities on 1003 & AUS, detect Foreclosures & Short Sales & Public

Records Thrive on escalations in loan process on difficult & complex loans that require additional

review & recommend alternatives to solve issues making confident & sound decisions while

adhering to company, government & investor risk parameters for all guidelines & insurable loans

Provide training and guidelines to junior staff.

Validate & accurately calculate any type of acceptable borrower income & condition for additional

income documents to support & explain any income challenges.

Strength & knowledge on precise analysis of Tax Returns for Self Employed borrowers. This

includes: 1040, 1120s, 1065, K1’s and all schedules and validate filed returns with IRS 4506T Tax

Transcripts

Evaluate asset statements for acceptable funds to close, reserves, large deposits & undisclosed

debts

Review 1003 & Transmittal for completeness & ensure all data matches loan documents & AUS results Run AU finding with understanding of FNMA/FHLMC Guidelines &loan submission for any special requirements

Successfully review & analyze any Fraud & QC Conditions & Investor Suspense conditions that require senior level authority to provide & present alternative documentation & positive rebuttal recommendations that have proven results in release of suspense & final result of salable loans & reduce cost to cures.

Review final conditions to complete & present a final loan package that meets & exceeds all Investor & Company guidelines

Complete a thorough analysis of entire loan package to determine compliance with company, investors

RPM Mortgage Alamo, CA

Sr. Underwriter (04/2012 to 10/2015)

Underwrite the mortgage loans for purchases and refinances.

Responsible for reviewing financial statements, applicable ratios, credit reports.

Review Subject Purchase Contracts & Title & Property documents to ensure rights of ownership

Familiar with Conventional, Correspondent, high balance, Jumbo and HARP 125 guidelines

Proficient in using DU/LP and Allreg guidelines

Responsible for reviewing financial statements, applicable ratios, credit reports.

Perceive & define cause & effect for all loan files that fall out of AUS projected guidelines,

including Manual UW & provide a second layer of risk evaluation to ensure the liability results in a salable loan

Examining and evaluating transitions to certain accuracy, fraud detection techniques.

Successfully review & analyze any Fraud & QC Conditions & Investor Suspense conditions that require senior level authority to provide & present alternative documentation & positive rebuttal recommendations that have proven results in release of suspense & final result of salable loans & reduce cost to cures.

Report preparation, re-negotiation of loans, compliance review administration.

Communicating with brokers/LO to discuss loan decisions and denials and help re-structure.

Thorough knowledge of reviewing Residential appraisals

Assisted AE with loan scenarios and guidelines with Fannie and Freddie.

Gateway Bank San Leandro, CA

Conventional/Correspondent Underwriter (12/05 – 01/2012)

Underwrite the mortgage loans ensuring compliance and secondary market investor standards

Responsible for reviewing financial statements, applicable ratios, credit reports.

Review Subject Purchase Contracts & Title & Property documents to ensure rights of ownership

Evaluate Appraisal to ensure report is fully complete & subject property value is supported,

Detect any imminent property issues & condition as required for any Health & Safety, additional

inspections & Final. Request any value reviews for high risk loans & escalate to upper

management for review if necessary

Examining and evaluating transitions to certain accuracy, fraud detection techniques.

Report preparation, re-negotiation of loans, compliance review administration.

Analyze credit report to liabilities on 1003 & AUS, detect Foreclosures & Short Sales & Public

Records Thrive on escalations in loan process on difficult & complex loans that require additional

review & recommend alternatives to solve issues making confident & sound decisions while

adhering to company, government & investor risk parameters for all guidelines & insurable loans

Provide training and guidelines to junior staff.

Validate & accurately calculate any type of acceptable borrower income & condition for additional

income documents to support & explain any income challenges.

Strength & knowledge on precise analysis of Tax Returns for Self Employed borrowers. This

includes: 1040, 1120s, 1065, K1’s and all schedules and validate filed returns with IRS 4506T Tax

Transcripts

Evaluate asset statements for acceptable funds to close, reserves, large deposits & undisclosed

debts

Perceive & define cause & effect for all loan files that fall out of AUS projected guidelines,

including Manual UW & provide a second layer of risk evaluation to ensure the liability results in a

salable loan

Review 1003 & Transmittal for completeness & ensure all data matches loan documents & AUS results Run AU finding with understanding of FNMA/FHLMC Guidelines &loan submission for any special requirements

Successfully review & analyze any Fraud & QC Conditions & Investor Suspense conditions that require senior level authority to provide & present alternative documentation & positive rebuttal recommendations that have proven results in release of suspense & final result of salable loans & reduce cost to cures.

Review final conditions to complete & present a final loan package that meets & exceeds all Investor & Company guidelines

Complete a thorough analysis of entire loan package to determine compliance with company, investors

JPMorgan Chase Bank San Ramon, CA

Underwriter/Sr. Funder (01/01 – 11/ 05)

Responsible for reviewing financial statements, applicable ratios, credit reports, examining and evaluating transitions to certain accuracy.

Report preparation, re-negotiation of loans, compliance review administration, providing performance feedback, communicating with customers.

Run AU finding as per investors requirement

If subject property is purchase make sure grant deed sale is accurate & purchase contract is fully executed.

Inheriting the property – accuracy of death certificate, grant deed, quitclaim is in file.

Investment properties – to check insurance and make sure loss of rent is covered for at least six months

Excellent analytical, interpersonal, organizational and verbal/written communication skills

Review all loan conditions submitted for accuracy and potential problems before drawing docs

Check rate lock and point objectives for accuracy before CTC.

Communicate with brokers and account executive frequently to complete the underwriting.

Ensured that information contained in the loan file does not negatively impact the ability of the borrower to

Guide Brokers and Loan Officers who require assistance in processing current loan overflow.

Ensure all fees, rates, points are accurate, approved and regulated as per secondary market.

Comply with Underwriting guidelines and steps.

Review all documents (loan conditions) submitted for accuracy and potential problems before submitting to underwriting including appraisal, title, pay stubs, W-2’s, Mtg notes and 1st Mtg commitments.

Update and work a daily pipeline report, consisting of over 150 + loans.

Western Residential Mortgage San Mateo, CA

Loan Processor / Funder (01/95 - 05/99)

Handle all incomplete loan submissions for both East and West.

Review the information contained in each item of credit, borrower and collateral property due diligence is consistent with the loan envisioned by the Underwriter.

Ensured that information contained in the loan file does not negatively impact the ability of the borrower to perform its loan obligations or the value of the collateral securing those obligations.

Determined due diligence conforms to the requirements specified in the origination documents including the loan approval and the final commitment letter to the Borrower.

Determined the due diligence items conform to the requirements of the Bank's lending policies unless otherwise indicated or as a properly allowed exception to policy.

Evaluate contents of the loan documents, the condition of title to the property k and the organizational documents of the borrowing entities (corporations, partnerships, etc.).

Communicate the Bank's policies to real estate borrowers, their counsel with respect to legal and underwriting issues. Act as an intermediary between management and outside counsel, representing the Bank in loan transactions and the negotiation of loan documentation.

EDUCATION

Keller Graduate University:

Master's in Accounting and Finance in process

American School of Mortgage Business:

Diploma in Underwriting

M.D. University

Maters’s Degree in Economics (International finance)



Contact this candidate