Derick Cherry

SUMMARY .

Looking for a career as a Mortgage underwriter or Senior Mortgage processor.

* ***** ********** ** *** Mortgage industry.

Comprehensive knowledge of underwriting guidelines and strengths in risk assessment.

Income/credit analysis and documentation review.

Frequently commended for the timely and accurate completion of compliant loans packages.

Able to concentrate on a task over a period of time without being distracted.

Microsoft Office (Word, Excel, Outlook, & Power Point).

PROFESSIONAL EXPERIENCE

(Johnson Temp Service) Mortgage Loan Processor at Chase Bank

Dallas, TX, Salary $40,000

March 2015 to April 2016

* Handle an average of 22 files monthly.

*Outperformed company average in achieving loan-processing turn-around time of 12 days or less.

* Provided expedient service cited as key to consistently high customer satisfaction.

* Ensured all files were complete prior to underwriting hand-off and coordinated effectively with title

companies to ensure smooth closings.

*Successfully processed some of the most challenging loan applications (e.g., first-time borrowers, self-

employed, applicants and borrowers with problematic credit histories).

*Proficient in conventional and non-conventional loans (Fannie & Freddie, VA and FHA)

(Addecco) Mortgage Underwriter at Bank of America Home

Dallas, TX Salary $65,000 March 2012 to January 2015

Underwriter auditor with Bank of America's Government / Specialty Production Division.

Auditing

Knowledgeable in SBA loans, 502, 7 (a) and SBA Express

Review loan documentation to ensure adherence to BCL of Texas standards, state and federal regulatory requirements.

Responsible for processing, underwriting, closing, and servicing loans.

Underwriter's decisions for Mortgage Loan Modification Programs for customers in distress.

Fannie Mae and Freddie Mac, FHA Loan, HAMP and NON-HAMP Modifications.

Manual underwriting training.

Knowledgeable of SBA guidelines.

Order all items necessary for underwriting, loan processing and long servicing file.

Daily follow up with loan officers and other players to mitigate errors or delays ensuring effective loan closing.

Verifying various income sources.

Hardships reasons, occupancies required by government regulations of the loan files, against all policies and procedures in the vast changing environment of these programs.

Recognized for my attention to detail and communication skills.

As a Mortgage Loan officer I advised, evaluated and authorized loans to people and business.

Comfortable managing logistics and processing massive loads of paperwork.

Pride myself in making the clients feel at ease in the process, while still educating them on their decision.

Deficiencies identified during the review of mortgage loan files to ensure compliance with company, industry and federal guidelines

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

Foreclosure Underwriter II at Cuna Mutal

Fort Worth, TX. Salary $50,000 August 2009 to September 2011

45% Provided expertise to Credit Union CEO's, Board of Directors and Executive Managers, by servicing foreclosure requests.

Manual underwriting experience.

Trained as a foreclosure specialist.

Acted as insurance consultant to both internal and external customers.

One of three underwriters for National Accounts (Top 500 Credit Unions in the US with 1+billion in assets.

Foreclosure specialist for multiple states, including Florida, Texas, Michigan.

15% called on to deliver and explain policy, to analyse insurance program and suggest additions, changes and up sale.

Customize insurance programs to suit bank insurable needs, often covering a variety of risks. Underwrote various types of policies: Property and Casualty, Auto, Bond, SIP and WC.

10% Annual review of clients account to obtain data about financials, property and existing coverage's.

10% Document all communication between internal and external customers using an online customer contact tracking (SharePoint).

10% Inspect foreclosed properties, examining its general condition, type of constructions, age and other characteristic to decide if it is a good insurance risk.

5% Attend Underwriting, insurance seminars and Cuna Mutual classes to maintain expert knowledge.

5% Provide Mentorship and training expertise to Servicing Team Members.

EDUCATION

1994-1996 Devry Institute - Computer Information System.

1989-1993 Bachelor Degree - Army Medical Department Center & School (AMEDD) Performed preventive, therapeutic, and emergency nursing care procedures or supervisory management of small ward/unit.

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