Quality Assurance Mortgage Underwriter
Resume:
EVELYN THEMBANI
******.********@*****.***
Experienced mortgage underwriter with expertise in auditing, analyzing financials, fraud investigating, credit reviews, FNMA, Freddie Mac, FHA and VA guidelines while interpreting internal policies during the loan review process. A detail-oriented professional who employs strong analytical skills and accurately evaluates applicants’ financial information to determine feasibility of granting loans. Proven accomplishments in building relationships with clients and other stakeholders and documenting all aspects of loan certification.
Highlights
Lead/Supervisor
Content reviewer
High standards
Loan Processing
Problem solver
Trouble shooting
Detail oriented
Compliance Assurance
Conflict resolution
Critical thinker
Underwriting
Customer services
Excellent Communication
Open minded
Quality Assurance
Emotional Intelligence
Professional Experience
Infosys
Remote Snr Underwriter/ Snr Process Lead December 6, 2021 to date
Make certain that documents are consistent to industry and company guidelines
Review all loan documents and data in a loan file with the goal of rendering an Underwriting decision based on the loan characteristics including but not limited to Borrower’s ability to repay (income, employment, and assets), borrower’s credit history and the collateral (property). Granted Lending Authority based on their experience and their performance on initial test cases. Once Lending Authority is received; underwrite loans in accordance with regulatory requirements, Investor guidelines and client overlays.
Independently underwriting residential mortgage loans, expert analytical skills with DU & LP experience
Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss.
Responsible for ensuring all documentation meets program and AUS requirements
Reviews and validates income and asset documentation
Reviews AUS findings
Issues underwriting decision and notifications of clear to close.
Reviews all credit documentation
Reviews and approves all Trusts
Ensure adherence to any client overlays
Mortgage Insurance certs
Issues Denials and 2nd tier manager reviews.
Audit and Point out suspicious activity and fraud while reviewing files and referred them for further investigation.
Due Diligence: Conduct thorough due diligence by reviewing all documents, ie, title reports, credit reports, income documents, etc,and other relevant information to ensure compliance and minimize potential liabilities.
Compliance – Review and reconcile all fees on Loan Estimates, Closing Disclosures and Post Closing Disclosures.
Indecomm March 2021 to November 2021
Remote Mortgage Underwriter.
Client Essent Mortgage Insurance
Make certain that documents are consistent to industry and company guidelines
Perform detailed analysis of financial statements, credit reports, and applicable ratios such as debt ratios, loan-to-value ratios and explain rationale behind final credit decision for all files with Mortgage insurance for several lenders.
Issue MI Certificates after reviewing and approving files.
Review of transactions to ensure accuracy and completeness for the Company, FHLMC and FNMA
Review loans and granting approvals or denying home loan applications
Perform negotiations of loans based on lending guidelines and implement fraud detection techniques to perform compliance reviews
Underwriting of FANNIE/FREDDIE MAC conforming as well non-conforming conventional applications
Evaluated and ensured that overall loan documents were accurate, complete, and compliant with industry guidelines i.e. FNMA, FHLMC
Analyzed loan applications to make recommendations of credit decisions while ensuring the transaction adheres to investor guidelines and mortgage lending regulations.
Make certain that documents are consistent to industry and company guidelines
Performed audits that was consistent with established procedures; identifies and documents quality matters and performance deficiencies and communicates them to management
Perform negotiations of loans based on lending guidelines and implement fraud detection techniques
Point out suspicious activity and fraud while reviewing files and referred them for further investigation.
Analyzed loan applications to make recommendations of credit decisions
Maintained a sound knowledge of Fannie Mae’s quality control processes and risk assessment tools, to provide a condensed compliance review on all credit packages
Approved or declined credit decisions within significant credit limit authority
Returning applications with additional documentation to lenders for review.
Consolidated Analytics 03/2019 to 2/2021
Remote Due Diligence Mortgage Underwriter
Make certain that documents are consistent to industry and company guidelines
Underwrites Conventional loans to verify for completeness, accuracy, and compliance
Develops and maintains an up to date and sound knowledge of multiple loan product guidelines offered by the company, DU/LP guideline, and risk assessment tools used to decision mortgage loans
Reworks loans to new terms, identifies additional conditional conditions as needed to insures a viable credit decision
Managed a pipeline of loan application logs ensuring timely flow of such loans through the process
Make certain that documents are consistent to industry and company guidelines
Analyzed loan applications to make recommendations of credit decisions while ensuring the transaction adheres to investor guidelines and mortgage lending regulations
Perform detailed analysis of financial statements, credit reports, and applicable ratios such as debt ratios, loan-to-value ratios and explain rationale behind final credit decision
Review of transactions to ensure accuracy and completeness for the Company, FHLMC and FNMA
Perform negotiations of loans based on lending guidelines and implement fraud detection techniques to perform compliance reviews
Underwriting of FANNIE/FREDDIE MAC conforming as well non-conforming conventional applications
Evaluated and ensured that overall loan documents were accurate, complete, and compliant with industry guidelines i.e. FNMA, FHLMC,
Analyzed loan applications to make recommendations of credit decisions while ensuring the transaction adheres to investor guidelines and mortgage lending regulations
Collect information from several sources to validate potential curtailment of claims
Make certain that documents are consistent to industry and company guidelines
Perform detailed analysis of financial statements, credit reports, and applicable ratios such as debt ratios, loan-to-value ratios and explain rationale behind final credit decision transaction adheres to investor guidelines and mortgage lending regulations
Approved or declined credit decisions within significant credit limit authority
Performed audits that was consistent with established procedures; identifies and documents quality matters and performance deficiencies and communicates them to management
Corresponded with internal and external auditors and recommended ways to improve processes and also responded to the results of an audit
Audit and Point out suspicious activity and fraud while reviewing files and referred them for further investigation
Analyzed loan applications to make recommendations of credit decisions while ensuring
Maintained a sound knowledge of Fannie Mae’s quality control processes and risk assessment tools, to provide a condensed compliance review on all credit packages
Approved or declined credit decisions within significant credit limit authority
S B A 09/2017 – to 02/2019
Underwriter,, Loan Specialist
Perform analysis of mortgage applicant’s income pay stubs, credit bureau reports, tax returns, and profit and loss statements to assess risk probability
Manage a pipeline of loan application logs ensuring timely flow of such loans through the process
Collected documents for loan files including acceptance or denial request, credit bureau information, appraisal, title, income and calculated loan to value ratios
Handles analysis of all submitted files including financial statements, tax returns, and credit reports to determine capital, character, condition, and determine decisions regarding extensions of credit
Reviewed and audited closed loans to verify accuracy, compliance documents completeness, existence of credit and completeness
Approved or declined credit decisions within significant credit limit authority
Collected documents for loan files i.e. credit bureau information, appraisal acceptance or denial request, title, income and calculated loan to value
Reviewed underwriting mortgage loans to make sure that they were in compliance with company credit standards, also to make sure that guideline from investors are met
Reviewed and cleared all incoming conditions according to company guidelines and procedures
Reviewed all documentation to clear conditions to work towards an efficient loan closing.
Experienced in mortgage loans with assisting homeowners with the need of purchasing or refinancing Real Estate.
Analyzed loan applications to make recommendations of credit decisions while ensuring the transaction adheres to investor guidelines and mortgage lending.
Analyze files for potential red flags and breaches
Meets established minimum daily expectations for this position.
Review the property appraisal to ensure accuracy and appropriateness relative to the loan being requested
Put to use knowledge of proper procedures and guidelines while establishing due diligence and quality assurance and to ensure loan recommendations are accurate and meets the standards and guidelines
Underwriting loan original and refinance loans
Approved or declined credit decisions within significant credit limit authority
Training of staff that incorporated processors and loan officers.
Analyzing loan risk and requesting additional information as necessary
Reviewing and specifying loan conditions as necessary.
Ensuring compliance and company policies and guidelines.
Documenting and effectively communicating reasons for the approval/rejection of loans.
Genpact 12/2015 – 08/2017
Senior Underwriter
Make certain that documents are consistent to industry and company guidelines
Perform detailed analysis of financial statements, credit reports, and applicable ratios such as debt ratios, loan-to-value ratios and explain rationale behind final credit decision
Review of transactions to ensure accuracy and completeness for the Company, FHLMC and FNMA
Review loans and granting approvals or denying home loan applications of up to $750,000 while maintaining an income error rate of under 3 percent month over month
Perform negotiations of loans based on lending guidelines and implement fraud detection techniques to perform compliance reviews.
Underwriting of FANNIE/FREDDIE MAC conforming as well non-conforming conventional applications
Evaluated and ensured that overall loan documents were accurate, complete, and compliant with industry guidelines i.e. FNMA, FHLMC, VA.
Analyzed loan applications to make recommendations of credit decisions while ensuring the transaction adheres to investor guidelines and mortgage lending regulations.
Used an automated scoring system or traditional underwriting to determine acceptability of moderate requests
Collect information from several sources to validate potential curtailment of claims
Make certain that documents are consistent to industry and company guidelines
Provided extensive knowledge of the loan modification programs & guidelines, (HAMP/BAU) offered by all investors.
Performed audits that was consistent with established procedures; identifies and documents quality matters and performance deficiencies and communicates them to management
Corresponded with internal and external auditors and recommended ways to improve processes and also responded to the results of an audit
Perform negotiations of loans based on lending guidelines and implement fraud detection techniques to perform
Provided feedback on quality adherence and risk
Point out suspicious activity and fraud while reviewing files and referred them for further investigation.
Training of lower level team members and providing of performance to supervising manager
Analyzed loan applications to make recommendations of credit decisions while ensuring
Maintained a sound knowledge of Fannie Mae’s quality control processes and risk assessment tools, to provide a condensed compliance review on all credit packages
Approved or declined credit decisions within significant credit limit authority
Returning applications with additional documentation to the loan officer for review.
Bank of America 08/2010– 12/2015
Mortgage Underwriter
Assessed borrower hardship, analyzed housing expenses, and identified any potential fraud to determine proper loan resolution and ensure that data collected followed regulatory and investor requirements
Underwrites Conventional loans to verify for completeness, accuracy, and compliance
Develops and maintains an up to date and sound knowledge of multiple loan product guidelines offered by the company, DU/LP guideline, and risk assessment tools used to decision mortgage loans
Reworks loans to new terms, identifies additional conditional conditions as needed to insures a viable credit decision
Managed a pipeline of loan application logs ensuring timely flow of such loans through the process
Make certain that documents are consistent to industry and company guidelines
Analyzed loan applications to make recommendations of credit decisions while ensuring the transaction adheres to investor guidelines and mortgage lending regulations
Reviews and evaluates borrowers profile including but not limited to all income documentation, tax returns, assets documentation, credit reports, preliminary title report, judgements, bankruptcy documents and appraisals
Analyzes and calculates income documentation such as personal and business income tax returns and ensure all necessary documentation is requested to support final loan decisions
Exercises good judgement, conducts reasonableness tests and issues quality decisions
Determines accuracy and completeness of files; ensures processes are consistent
Demonstrates proficiency in automated underwriting systems (DU,LP)
Using written communication to provide appropriate responses to internal and external customers whilst providing superior quality of service
Investigates discrepancies and resolve issues in reports and records and confers with personnel in affected departments to ensure accuracy and compliance with procedures
Investigated exceptions, red-flags and concerns by analyzing and interpreting pertinent documentation to ensure potential risks are mitigated and all guidelines, requirements and standards are appropriately met i.e FNMA, FHLMC
Assessed borrower hardship, analyzed housing expenses, and identified any potential fraud to determine proper loan resolution and ensure that data collected followed regulatory and investor requirements
Providing coaching to recently promoted and hired associates on a consistent
Certification
Personnel Managements
Professional Scrum Master
Areas of Expertise
Order Management, Process Improvement, Financial Analysis, DU, LP, Loan Processing, Web Based Computer Systems, Financial Analysis Management (FAM), Dun and Bradstreet Analysis, ELIPS, LANA, CLC, Sales Force, Equifax and Experian Credit Bureau Agencies, Encompass, AS400, Iportal, Outlook, MIU
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