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Sales Mortgage

Shelby, NC
October 31, 2018

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Laura P. Feeney

*** ***** **

Waxhaw, NC *****

Cell 425-***-****


To obtain a challenging underwriting position to utilize my 20+ years of experience in the Mortgage Banking Industry

Profile Summary:

* FHA DE Underwriter

* Experienced professional with 20+ years mortgage

*Background in Underwriting, Processing and Originating

*Fha, VA, Usda,Fnma, Fhlmc, Portfolio loans.

* Excel at interacting with others at all levels to assure goals are timely and efficiently met

* Possess excellent interpersonal, analytical and organization skills

* Knowledge of DU and LP

* Experience with Encompass, Point, TMO, Chole, LPS, Loanquest operating systems

* Excel within highly competitive environment where accurate responses are the keys to success

* An effective attribute with skills necessary to complete assignments, self-motivation, and utilizing full potential of self and company

*Comfortable with complex income

Mortgage Employment:

Homestreet Bank Lynnwood WA November 2014 – July 2018

Help Desk- Senior Underwriter (Moved to North Carolina)

*Support sales staff providing loan guidelines to their particular income scenarios

* Calculate complex income scenario’s and craft opinions in writing for underwriting

* Resource for loan officers, assistants and processors with questions on income and guidelines.

* Calculate income for self employed applicants with multiple companies.

* Calculate income for applicants with bonus, overtime, commissions and variable income and bwrs who have had recent raises.

* Calculate RSU income for fnma, portfolio and our jumbo correspondents

* Calculate income derived from Asset depletion

* Assist loan officers and processors on how to structure their loans

* Participated in the review of exception requests with senior level management

* My goal has been to make a case for the sales staff and assure the underwriter that due diligence has been performed and the calculations/opinions/recommendations I provide are supported.

Cobalt Mortgage Kirkland WA June 2010 – October 2014

Help Desk Underwriter (company bought out by Caliber Mtg 10-14)

* Setup, organized and managed the underwriting helpdesk for 4 years.

* Resource for loan officers, LO assistants and processors with their program, credit, income, asset, appraisal and purchase and sale questions.

* Answered questions on Fha, Va, Conv and Usda loans .

* Provide guidance on the following loan products: Homepath, My Community, Fnma, WSHFC, DU Refi Plus, Fhlmc, Open access refinance, Fha, Fha streamline, VA, VA jumbo and VA IRRRL programs

* Assist loan officers and processors in structuring their loans

* Advise on title, appraisal and contract questions

* Calculate hourly, commission, bonus income

*Calculate complex tax returns for self employed borrowers

Wallick and Volk Bellevue WA July 2009- June 2010

Processing Manager

* Processing FHA, VA Conventional, USDA, State Bond loans

* Calculate income (very comfortable with self-employed bwrs), review assets for sufficient funds to close, and acceptable source of deposits, review credit history and debt obligations

* Assisted clients through the process and maintained close communication as to the loan status

Bank of America, Charlotte NC Feb 2009 - July 2009

DE Underwriter,

* Underwrote FHA Loans and cleared conditions

* Assure mortgage loan documentation is accurate and appropriate

* Make sure mortgage loan issues and deficiencies are resolved prior to final approval

* Render decisions on automated and manual FHA loans

* Review income, appraisals, insurance, title, credit reports, VOE,

VOM, VOR, assets, etc. for accuracy and compliance

* Support the sales effort and loan goals of the company by

Proactively restructuring loans (if possible) resulting in a win-win situation for the customer and the company

Genworth Mortgage Ins. Charlotte NC Dec.2008– Jan.2009


* I worked as a contract employee with Bank of America reviewing

Loans that were currently 90 days late for misrepresentation,

And non-compliance issues which breached the reps and

Warrants of the servicing agreements they were sold under, so a request could be initiated for the originating lender to purchase the loan back.

Equity Services, Charlotte NC April 2008-Oct.2008

DE Underwriter (Branch office is now closed)

* Underwrote FHA Loans and cleared conditions

* Communicate progress with brokers, processors and account

executives in regards to outstanding conditions and issues with the loan

* Trained two underwriters to become DE's

* Working with brokers and account executives to help them become

more familiar with fha guidelines and the fha connection

* Creating an atmosphere of continuous improvement in order to provide for improved turn times and exceptional quality of the end product

Lending Tree, Charlotte NC August 2006- April 2008

Conv /DE Underwriter (Branch office is now closed)

* Underwrote Conventional and FHA mortgages and cleared conditions

* Review and verify accuracy of mortgage loan documentation such as disclosures, credit, appraisal, title, AUS findings and related information

* I became part of two person team assigned to review loans with challenges, restructure and provide counter offers if applicable.

* Identifying problems and resolving deficiencies

* Improve speed and simplicity of the process by working with the team to decrease complexity in the mortgage process

References Available Upon Request

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