Information Real Estate
Resume:
SUMMARY OF QUALIFICATIONS
Responsible for processing residential home loans exhibiting state & federal compliance, underwriting guidelines and credit
Proficiency with DU/LP direct underwriting and loan prospector systems
A clear understanding of the residential mortgage loan process from application through closing
Proficient at Microsoft Office (Word, PowerPoint, Excel), Encompass, LPS, Lexis Nexis, Calyx Point, DU, LP,LPS, RealEC,
Bi-lingual Spanish and English read, write, and speak fluently
Knowledge of FNMA, FHLMC, underwriting guidelines.
Proven ability to maintain constant communication between Loan Originator, Borrower, Realtor, Loan Closer and Underwriter.
Ability to validate income, asset and collateral documents
Analyzing credit documents, mortgage applications, credit history, income documents, title documents, while upholding outstanding quality control and deadlines.
In-depth understanding of Mortgage Originations systems, Encompass,
EDUCATION
University North Texas
Bachelors degree in Business Administration.
PROFESSIONAL EXPERIENCE
K-Force (contract assignments) 11-2016- Present
Loan Processor
Organized the details of mortgage loans for review by the underwriter
Ordered verifications of employment, homeowners insurance, appraisals, titles, and payoffs
Communicated directly with loan officer and management as to the stats of mortgage loans
Cleared conditions on files to ensure on time closings
Averaged 115 files per month with personal best of 150 files
Participated in continuous education in the areas of appraisals and income
Experienced in running DU and LP
Completed Fannie Mae training through onsite training and webinars
Responsible for the set up of mortgage loans through inputting information in Empower and for clearing conditions created by underwriters and funders
People’s Equity Mortgage 3-2016 – 8-2016
Loan Officer
Provide sales support and strong communication to customers, processors and management from loan pre-qualification to loan closing, while maintaining production standards at minimum acceptable levels as set by management.
Manage and follow-up on leads generated through various Marketing Department efforts
Provide service to customers and prospective customers seeking residential mortgage loans. Interviews applicants to obtain information concerning their needs to assist in determining whether a loan will be an acceptable risk according to their financial situation and obtains pertinent financial and credit data.
Ensure the preparation and processing of forms and legal documents required for residential loans and follow the loans to ensure compliance with terms. Negotiates terms and conditions with applicants
Assist prospective borrowers in the proper completion of loan applications, provides required disclosures, collects funds for services to be ordered and gathers necessary support documents from prospective borrowers
RCS Mortgage 7- 2012- 03-2016
Mortgage Processor
Pipeline Management – update and track information in Encompass with current and up to date information. Track all items ordered, received and/or still lacking
Verify loan is complete with checklist and accompanying disclosures, documents, needs list, anticipated or confirmed program/investor
Order VA & FHA case numbers and performs case queries
Perform full and comprehensive analysis of income, assets, credit, AUS and DU/LP
Compile and process all documents as received in a timely manner to meet projected close date
Input final information as validated in Encompass and reruns AUS, as applicable, for final loan submission
Perform timely 48 hour initial reviews on each file and is responsible for file flow, status updates and documenting needed information in conversation logs
Order and receive VODs, VOEs, appraisal, title, and etc. as appropriate
Submit complete files to Underwriting based on Investor and/or AUS requirements. Clear any conditions that require communication to the title companies, appraiser, employers, etc
Coordinate submitted files to Underwriting & Closing to meet file expectations
Insure that all required pre-closing quality assurance requirements are met in accordance with company standards.
Responsible for daily updating Encompass with accurate information regarding pipeline
Responsible for assisting the post-closing and/or quality control department in obtaining any missing documentation needed in order to render a loan saleable into the secondary market
Analyze real estate appraisals to determine if collateral is acceptable, analyzing title report and lien information, reviewing all financial statements, and reviewing all additional documentation to determine accuracy and compliance with portfolio and investor guidelines prior to approval.
Bank of America 1- 2012- 7-2012
Jr Underwriter (Contract)
Underwrote conventional loans according to Fannie, Freddie’s and company guidelines specific to product selected
Responsible for underwriting property and credit lender approval, full package final signoff authority.
Decision and condition files accordingly
Analyze borrowers ability to afford a loan modification based upon documented income, assets, and monthly obligations and expenditures.
-Determine borrower eligibility for loss mitigation workouts based upon proprietary, GSE, HUD, and MHA/HAMP criteria.
Analyze borrowers documentation to determine borrower eligibility and compliance with investor guidelines
Review collateral document appraisal in its entirety to assess value
Maintain quality and production standards as defined by business.
Analyze data to manually calculate income front & back end debt ratios
Review credit reports, review asset statements, calculate income documentation, and conditioned for any outstanding required documentation
Analyze Credit Bureau Reports for debt evaluation
Franklin American 11- 2008- 1-2012
Loan Processor/ Account Manager
Review loan packages for missing and/or incomplete information and follows up with borrowers and Mortgage Consultants to complete files
Clear stipulations from underwriters and works with underwriters to overcome unnecessary stipulations
Input/update loans in loan origination system and AUS (DU/LP)
knowledge with reviewing income, asset and appraisal documentation
Prepare/compile documents for loan submissions and closings
Understand internal overlays and outside investor programs and products and compiles information to ensure files meet required guidelines
Respond to all inquiries and questions related to the loan status and keep all informed of the status of their loan throughout the entire process
Audits and prepares quality files that meet closing objectives
Gather follow-up information and satisfy underwriting conditions prior to closing.
Comply/conform to all applicable laws and regulations related to mortgage lending
Review credit reports, review asset statements, calculate income documentation
Reviewed appraisal, income, credit, and asset documentation. Manage queues of loans within time frames
Symetrix Real Estate Loans 2-2005 – 11-2008
Collections/ Loss Mitigation
Contacted account holders regarding accounts and broken promises.
Studied the records of delinquent accounts and contacted the customers to discuss payment arrangements
Record all collection activity in the appropriate collection systems
Document the current status of loans and continuously follow up for pertinent documentation
Used solid judgment and discretion when selecting means of collection based on unique customer circumstances
Served as a contract analyst for Mortgage Company, collected on overdue accounts and worked with delinquents to resolve problems in order to restore loans to good standing
Worked on Loss mitigation loans in a high-volume servicing environment utilizing of collections, bankruptcy and/or foreclosure activities.
Workout programs included modifications, repayment arrangements, short sales, short refinances, claim advances in lieu of foreclosure.
Began the negotiation process with the agent on the sale of the property and also negotiated miscellaneous fees on services rendered to the home
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