Due Diligence Manager / Underwriter

Bernadette Guidry

714-***-**** acp1qi@r.postjobfree.com

STRENGTHS

Time management and organizational skills to effectively prioritize multiple objectives.

Excellent verbal and written communication skills.

Great attention to detail.

Can handle confidential material in a professional and highly ethical manner.

Mortgage Skills and Areas of Knowledge

Due Diligence Manager / Transaction Manager

Frontline Underwriting (Origination)

Forensic Underwriting

Quality Control Audits

Litigation Support / Repurchases

Subprime, Scratch & Dent, Alt-A, FHA, Fannie/Freddie, Reverse Mortgages and “A” paper knowledge

Customer Service

Servicing

PROFESSIONAL EXPERIENCE

Contract Underwriting / Real Estate Transactions – S/E (Subprime & A paper) 8/2012 – Present

Front line underwriting

Review loan application packages for completeness and accuracy

Special emphasis on fraud review and early payment defaults

Confirm application information (1003) against other documents within the file: to validate employment, verifications, income, assets, etc. Identify underwriting/data discrepancies and other diligence issues

Verify and validate income, assets and liability documentation to support underwriting decision

Calculate and verify income structure (employment verification, tax returns, divorce decree, alimony, etc), verify funds to close (verification of deposits, gift funds, IRA, 401K, sale of assets, etc)

Review loans for compliance related items, i.e. TILA, ROR, and miscellaneous disclosures

Review and verify credit report (FICO pay history, debt validation)

Review other real estate owned (i.e., disposition of property, rental income)

Review appraisals to support value, determine flipping, comps are reasonable, etc.

Familiar with fraud red flags and outside services used to determine or verify fraud

Processing & Underwriting Manager ( 3 month Contract)

United Fund Mortgage, Santa Ana, CA

Manage Processors pipeline

Manage Underwriters pipeline

Train Processors & Underwriters

Front line underwriting (Conv & FHA)

Review application packages for completeness and accuracy

Special emphasis on fraud review and quality control

Verify and validate income, assets and liability documentation to support underwriting decision

Implementing flow process to adhere to company goals

Senior Underwriter 4/2014 – 12/ 15/2014

NMA, Temecula, CA

Managed Quality Control Department & Risk

Train QC & UW employees

Front line underwriting

Review application packages for completeness and accuracy

Special emphasis on fraud review and quality control

Communicate directly with sales agents and acquiring banks regarding account status

Calculate potential exposure and make reserve recommendations as needed

Adhere to bank, federal and card brand policies when reviewing accounts.

Perform periodic reviews of existing accounts for re-underwriting

Underwriting Manager (Government & Subprime)

Edge Mac, Anaheim, California 8/2010 – 8/2012

Resolve underwriting and processing issues.

Frontline underwriting

Responsible for the training of each staff member in the underwriting department.

Forensic Audit reviews. (FHA and Conventional)

Manage a team of 6-10 underwriters.

Responsible for QA of every underwritten loan within my team.

Thorough understanding of underwriting policies and procedures, including investor guidelines and regulatory updates.

Experience in Appraisal Review.

Developing staffing plans to meet client and workload needs.

Recruiting, interviewing and hiring qualified employees.

Planning, assigning, and directing work.

Addressing complaints and resolving problems.

ADP (Payroll / timecards)

Appraisal performance; rewarding and disciplining employees.

Taking an active role in identifying potential challenges within the underwriting process and/or department and making recommendations for improvements.

Contract Underwriter (TEMP) (Waterson-Prime/LP Capital Markets)

Aerotek Inc., Rancho Cucamonga, California 7/2009 - 9/2009

Performing Due Diligence and Underwriting (subprime, prime and reverse mortgages)

Identifying portfolio risks resulting from clients' underlying business practices, underwriting and/or fraud exposure.

Supporting the decisions and knowledge of supervisors and colleagues by sharing information about the business unit, organization and the underwriting industry.

Maintaining knowledge of applicable underwriting/processing guidelines by completing all training programs and staying abreast of business unit policy and/or guidelines.

Adhering to all client/lender policies and procedures, in addition to Federal, State and/or municipal laws and regulations within the due diligence process.

Vice President – Due Diligence Manager (Subprime & A paper)

Lehman Brothers, Irvine, California 2/2001 - 1/2008

Performed Due Diligence and Underwriting (subprime, prime and reverse mortgages)

Oversee on-site contract underwriters, portfolio analysis, and compliance review projects.

Provided effective leadership for a mortgage industry that provided reverse mortgages for senior citizens governed by state regulations.

Managed the day-to-day process of deals. (Determined sample selection and size for credit & collateral) Maintained a positive, collaborative working relationship with the Trader’s, Vendor’s and Lender’s.

Worked with Lender’s and the Diligence Firms in helping identify the best due diligence or servicing solution and operational delivery approach to meet their needs and time frames.

Determined cost, options, budget preparation and assured effective monitoring and control of deals.

Provided feedback of deal status and diligence reports to the Traders in New York.

Kept open communication between both the Lender’s and Deal Manager’s throughout the due diligence process.

Made final decision on loan purchases that did not meet the lender guidelines.

Advised the Deal Managers and Traders of all findings; including, but not limited to, all issues and general Lender specifications.

West Coast Manager (Oversee all deals on the West Coast) - interviewed, trained and supervised underwriters.

Personally underwrote small portfolios and reverse mortgages.

Managed billion dollar deals (250 loans to 8000 loans on a regular basis).

Managed large scratch and dent deals.

Contract Underwriter (for Lehman Brothers only (Subprime/Front end))

TCG, Shelton, CT 6/1999 - 7/2000

Performing Due Diligence and Underwriting

Identifying portfolio risks resulting from clients' underlying business practices, underwriting and/or fraud exposure.

Supporting the decisions and knowledge of supervisors and colleagues by sharing information about the business unit, organization and the underwriting industry.

Maintaining knowledge of applicable underwriting/processing guidelines by completing all training programs and staying abreast of business unit policy and/or guidelines.

Adhering to all client/lender policies and procedures, in addition to Federal, State and/or municipal laws and regulations within the due diligence process.

Senior Underwriter (Subprime)

Conti Mortgage, Orange, California 1997 - 1998

Assess risk-determining conformity to portfolio & investor lending guidelines in a wholesale & retail environment.

Underwritten and Reviewed A through D (refinance / purchase/ 1st / 2nd / HELOC / 110%) mortgage loans from Brokers and Correspondent Brokers.

Review loan conditions while underwriting ten to fifteen loans daily and maintaining customer service time standards.

Keeping open communication between Brokers, Account Executives, and Account Managers.

Sr. Administrative Assistant / Loan Support Specialist 1994 - 1997

Option One Mortgage, Irvine, California

Special projects for SVP of Servicing and CEO of the company

Developed delinquency reports for all branches.

Continually trained the support staff in, speed pay, skip tracing techniques, and overall office support for collection staff of 50+, 3 Vice Presidents and SVP of Servicing.

Handled all administrative duties for the SVP directly.

SKILLS

CLOUT and CLUES, DU/LP, Doc Magic, Doc Edge

Lexis Nexis, BLS, Pacer, MLS, Data Trac, Encompass, AUS

Microsoft Office (Excel, Word, Outlook, Power point)

Paperless Underwriting (Dual Screen Monitors)

EDUCATION

E

1998 - 1998 Government Loan Processing, Mortgage Bankers Association (FHA/VA)

2002 - 2017 All Necessary Classes for Broker Exam & Updates (Licensed Broker – renewal 2017)

2011 Capstone Institute 10 hr course Direct Endorsement FHA Underwriting Certificate

RETAIL EXPERIENCE: Nordstrom 1986 - 2013, May Company & Bullocks (10+ years of retail/customer service)

REFERENCES UPON REQUEST

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