Mortgage Loan

Michelle L. Bass *******@*****.*** 515-***-**** *6420 N Thompson Peak Pkwy #1129, Scottsdale, AZ 85260

Mortgage Underwriter: Expertise in Government underwriting including VA SARS approval and FHA DE/CHUMS approval, Conventional, Conforming and Non-conforming loans, and Non-prime loans.

Skills

Comprehensive knowledge of lending and underwriting guidelines and restrictions for government-insured and conventional loan programs. Credit & income analysis including self-employed Cash-Flow Analysis, Risk Assessment, Loan-to-Value Ratios, Debt-to-income Ratios, Second-level underwriting reviewer; Quality Control Manager and Team Lead Auditor.

Professional Experience - May 1996 to Current

Pacific Union Financial- Dallas, TX (Work remotely in Phoenix, AZ)

Manager, Mortgage Quality Control & Assurance – Jan 2018 to Present

Manage Team of Pre-closing QC Auditors, who review full loan files, including Credit, Income, Assets and Collateral; supervise and train auditors to enhance mortgage loan audits, on all loan types, including FHA, VA, USDA, and Conventional.

Direct, answer questions, & develop Auditors to ensure reviews are compliant, and deadlines for reviews are met.

Manage mortgage loan audits on all loan types/products, utilizing agency guidelines, and company overlays.

Assist in providing feedback and monthly reports to management on defects and trending issues.

Analyze QC reviews and identify trends in issues, personnel, & mentoring.

Review timesheets, manage time off requests, prepare employee reviews.

Pacific Union Financial- Dallas, TX (Worked remotely in Phoenix, AZ)

Senior Quality Control Auditor and Team Lead – Feb 2017 to Jan 2018

Conduct Post-closing loan review audits, by Re-Underwriting full loan files, including Credit, Income, Assets and Collateral; on all loan types and products, including FHA, VA, USDA and Conventional; to ensure all program guidelines and requirements were met.

Review loan quality and determine any underwriting, processing, and closing deficiencies; and work with other departments in curing issues.

Mentor team members on guidelines & processes, and answer questions from auditors, and team members in other departments, such as Operations, and Management.

Provide additional training to QC team members regarding guidelines and processes.

Pacific Union Financial- Dallas, TX (Worked remotely in Phoenix, AZ)

Senior Mortgage Underwriter- VA SAR and FHA DE Certified, USDA, & Conventional- Oct 2015 to Jan 2017

•Responsible for reviewing, analyzing and underwriting higher risk individual consumer loan requests and products within company and industry guidelines.

•Review complex issues where analysis of situations or data requires an evaluation of intangible variance factors. Including evaluating and ensuring overall loan documents are accurate, complete, and compliant.

•Provided meticulous attention to detail in underwriting standards. Evaluated financial statements, credit reports, divorce and child support decrees, title work, homeowners and flood insurance, and closing fees to insure documents and debt ratios are in compliance and determine risk and repayment capacity.

•Leveraged knowledge of loan products to help restructure denied loans for subsequent approvals. Maintained compliance with lending, underwriting and government requirements.

•Balanced the need for loan volume growth with equally important necessity of optimum underwriting quality to minimize risk while maximizing profitability.

Ryland Mortgage Company- Scottsdale, AZ

Senior Mortgage Underwriter- VA SAR and FHA DE Certified, USDA & Conventional- May 2015 to Oct 2015

•Responsible for reviewing, analyzing and underwriting higher risk individual consumer loan requests and products within company and industry guidelines.

•Review complex issues where analysis of situations or data requires an evaluation of intangible variance factors. Including evaluating and ensuring overall loan documents are accurate, complete, and compliant.

•Provided meticulous attention to detail in underwriting standards. Evaluated financial statements, credit reports, divorce and child support decrees, title work, homeowners and flood insurance, and closing fees to insure documents and debt ratios are in compliance and determine risk and repayment capacity.

•Leveraged knowledge of loan products to help restructure denied loans for subsequent approvals. Maintained compliance with lending, underwriting and government requirements.

Wells Fargo Home Mortgage- Tempe, AZ

Senior Underwriter- Government VA SAR and FHA DE Certified, & Conventional- Oct 2014 to May 2015

•Responsible for reviewing, analyzing and underwriting higher risk individual consumer loan requests and products within company and industry guidelines.

•Review complex issues where analysis of situations or data requires an evaluation of intangible variance factors. Including evaluating and ensuring overall loan documents are accurate, complete, and compliant.

•Provided meticulous attention to detail in underwriting standards. Evaluated financial statements, credit reports, divorce and child support decrees, title work, homeowners and flood insurance, and closing fees to insure documents and debt ratios are in compliance and determine risk and repayment capacity.

•Leveraged knowledge of loan products to help restructure denied loans for subsequent approvals. Maintained compliance with lending, underwriting and government requirements.

•Balanced the need for loan volume growth with equally important necessity of optimum underwriting quality to minimize risk while maximizing profitability.

•Responsible for mentoring lower level credit underwriters, processors, and sales consultants.

•Responsible for performing second level reviews for collateral underwriters in an effort to obtain their SAR approval.

Military Family Home Loans (Joint Venture between USAA & Wells Fargo Home Mortgage- Des Moines, IA)

Senior Underwriter- Government VA SAR and FHA DE Certified, & Conventional- July 2012 to Oct 2014

•Responsible for reviewing, analyzing and underwriting higher risk individual consumer loan requests and products within company and industry guidelines.

•Review complex issues where analysis of situations or data requires an evaluation of intangible variance factors. Including evaluating and ensuring overall loan documents are accurate, complete, and compliant.

•Provided meticulous attention to detail in underwriting standards. Evaluated financial statements, credit reports, divorce and child support decrees, title work, homeowners and flood insurance, and closing fees to insure documents and debt ratios are in compliance and determine risk and repayment capacity.

•Leveraged knowledge of loan products to help restructure denied loans for subsequent approvals. Maintained compliance with lending, underwriting and government requirements.

•Balanced the need for loan volume growth with equally important necessity of optimum underwriting quality to minimize risk while maximizing profitability.

•Responsible for mentoring lower level credit underwriters, processors, and sales consultants.

•Responsible for performing second level reviews for collateral underwriters in an effort to obtain their SAR approval.

The Barrent Group (www.barrentgroup.com) Mortgage Fraud Investigation & Due Diligence- Des Moines, IA Service (October 2010 to July 2012)

Senior Quality Assurance Analyst- Oct 2010 to July 2012

Mortgage loan fraud investigation, forensic mortgage loan re-underwriting, specialized loan review and recovery, assistance with repurchase and recovery (re-underwriting and due diligence of conventional, government and non-prime loan products).

Wells Fargo Home Mortgage- July 2008 to Oct 2010

Sr Underwriter- FHA/DE Certified, USDA, Conventional

Citi Mortgage- Sept 2007 to July 2008

Sr Underwriter- FHA/ DE Certified, USDA, Conventional

Wells Fargo Home Mortgage- Sept 2004 to Sept 2007

Mortgage Underwriter – Institutional Lending/Subprime Channel

Underwrote and priced Non-Prime loans utilizing Non-Prime guidelines and Expanded Financing Alternative and Home Opportunities Programs.

Participated for 6 months on a test pilot program between Wells Fargo Financial and Institution Lending, performing the underwriting process to improve on processes.

Perform Audits for underwriters to obtain their UW authority and for Jr. Underwriters seeking to increase their UW authority.

Mentor Jr. Underwriters and MLS’s with guidelines and procedures.

Assisted with planning, facilitating and presenting training classes.

Wells Fargo Home Mortgage - April 2000 to Sept 2004

Mortgage Underwriter- FHA DE Certified, Bond & DAP, Conventional

Underwrote FHA loans including Credit and Appraisals (including FHA CHUMS ID), and VA and Conventional loans.

Presented a variety of classes to team members on evaluating credit, income and assets.

Mentor and train new team members and review test cases.

North American Mortgage Company – Dec 1999 to April 2000

Mortgage Loan Processor: Processed and completed FHA, VA and Conventional loans.

Ryland Mortgage Company - March 1997 to Nov 1999

Mortgage Loan Processor - Processed FHA, VA and Conventional loans for the Midwest and East coast states. Participated in training other mortgage processors at different locations. Selected as “Quick Hit Team” member to discuss and develop solutions to improve customer service and turnaround times.

Principal Residential Mortgage - Jan 1993 to March 1997

Mortgage Acquisitions Due Diligence Specialist: Traveled to other mortgage locations to review loans for prospective purchases and ability to service the loans. Communicated with mortgage companies, custodians and government agencies to cure document exceptions and meet guidelines of GNMA, FNMA and FHLMC. Completed process with Recertification of loan pools to avoid posting a letter of credit with government agencies. Identified potential programming opportunities and changes and communicated this information with system’s analyst.

Mortgage Acquisitions Assignment Specialist: Administered mortgage assignment area consisting of full time and temporary employees. Supervised creation of documents and tracked them for each servicing transfer, which included working with the accounting department on balancing accounts, calculating fees, mailing to county recorders and communicating with internal departments.

Education 1991-1993 Southwest Missouri State University Springfield, Missouri

1990-1991 Des Moines Area Comm. College Des Moines, Iowa

1989-1990 University of Iowa Iowa City, Iowa

Accreditations VA SAR; and FHA DE Certified.

Mortgage Banking Tests 1-8, LOMA 1, 2

Contact this candidate