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Mortgage Loan

Location:
Walled Lake, Michigan, United States
Posted:
March 25, 2019

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Resume:

Irina Udovichenko

**** ******* **** ********, ** 48382 248-***-****

OBJECTIVE:

Enthusiastic, highly motivated, and detail-oriented professional with strong analytical and communication skills looking for challenging position in Mortgage and/or Banking industry.

COMPUTER SKILLS:

Mortgage Builder, Encompass, Millennium, Byte, Genesis, Crystal Reports 7.0/6.0, MS Office 2000 (Word, Excel, Access, PowerPoint, Project), ASP, Visio, Windows XP/NT/2000, UNIX, Lotus 1-2-3.

EXPERIENCE:

08/2014 – Present Success Mortgage Partners, Inc. Plymouth, MI

Sr. Mortgage Underwriter

Analyzed Borrower eligibility, review credit reports, income and assets requirements. Determine and document loan conditions and communicate requirements and /or decisions.

Evaluate entire credit package and collateral for residential mortgage loans and ensure meet HUD/VA/FNMA or FHLMC requirements.

Utilized fraud detection techniques and tools.

Underwrite first mortgage loans according to FNMA/FHLMC/HUD/VA Guidelines with investor’s overlays.

Review and approve conditions for compliance and completion of loan file.

Underwrite Reverse mortgage loans according to HECM Guidelines.

Resolve post-closing issues as they related to Underwriting.

02/2012 – 08/2014 United Wholesale Mortgage, Troy, MI

Sr. FHA Underwriter

Analyzed/decision government loans according to Federal Regulations; also reviewed new construction loans and foreclosure bail outs. Determine and document loan conditions and communicate requirements and /or decisions.

Evaluate entire credit package and collateral for residential mortgage loans and ensure meet HUD requirements.

Identify recommend and negotiate alternative loan requirements funding or loan structuring solutions.

Assists Underwriters II in understanding underwriting decisions and conditions.

Determine and document loan conditions and communicate requirements and /or decisions.

Underwrite first mortgage loans according to FNMA Guidelines.

Review and approve conditions for compliance and completion of loan file.

Resolve post closing issues as they related to Underwriting.

Manage queue of 4-5 loans per day established by departmental management.

FHA Direct Endorsement Underwriting designation.

11/2010 – 02/2012 LenderLive, Troy, MI

Sr. Mortgage Underwriter

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

Submitted and resubmitted loans through Desktop Underwriter ( DU) and Loan Prospector ( LP)

Determine and document loan conditions and communicate requirements and /or decisions.

Performing compliance reviews; assisting with re-negotiations of loans on lending guidelines;

Cleared preliminary underwriting condition and issued clear -to- close.

Strong fraud detection techniques.

02/2010 – 11/2010 JP Morgan Chase, Bloomfield Hills, MI

Sr. Loan Processor/ Underwriter

Process and prepare for closing retail mortgage loans (conventional and government purchase and refinance).

Check alternative documentation for accuracy and potential problems.

Review all documents thoroughly before submission to underwriting.

Review and analyze conditions on approved loan files and clear them when needed.

Obtain and review documents for acceptability against loan conditions, with the loan officer, coordinate with buyers, sellers, title companies, escrow agents, and real estate agents to obtain additional documentation.

Run Daily, Weekly and Monthly pipeline’s reports.

Responsible for a pipeline of sixty loans.

05/2004 – 02/2010 Easy Loans, Farmington Hills, MI

Manager/Processor/Sr. Mortgage Underwriter

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

Supervise daily branch operations, including budget reviews, business evaluations, auditing and compliance, market analysis, and product management.

Provide leadership, direction, training, and performance management for Branch employees (department managers, loan officers and processors).

Knowledge of mortgage agency products such as FNMA, FHLMC, FHA, VA as well as private conduit and mortgage insurance guidelines.

Perform Loan Analysis (Quality Control), Post Closing Reviews and Compliance reviews for various clients. Loan analysis includes review of the underwriting process to ensure compliance with investor guidelines and compliance audits to ensure adherence to state and federal guidelines.

Develop policy and procedure for various compliance regulations as well as operational procedures for originators, processors, underwriting and closing department.

Audit files for closing.

Check compliance with laws and regulations.

Meet with clients to discuss their current situation and needs.

Payroll.

Responsible for hiring, staff development, and maintaining effective cost and service quality levels.

Created Tables, Queries using MS Access.

Created various screens for the application.

Generated many customized reports per user request.

Trained users and provided customer support.

EDUCATION:

2002-2002 Flagstar Bank, Troy, MI

Certificate of Completion FHA Training Seminar

1997-1998 CompuNet Continental, Inc., Southfield, MI

Advanced ORACLE Training.

1992-1996 Technical University of Moldova, Moldova

Bachelor Degree in Computer Science

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REFERENCES: Available upon request



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