EDWARD A. CASTRO

714-***-**** ad0sq3@r.postjobfree.com linkedin.com/in/edward-castro-13604576

REAL ESTATE LOAN UNDERWRITER

A fast-track, highly motivated, a team-oriented lending executive with a successful background in all aspects of residential mortgage lending. More than 25 years of progressive experience in all phases of residential mortgage sales and conventional mortgage banking. Skilled in real estate underwriting. Great personality, problem solver, bilingual in English and Spanish, and a team player. Ready to take on the challenges, required by the employer, with the upmost professionalism. Exceptional written and verbal communication skills. Displays strong communication, problem-solving, and time management skills. Ability to exercise good judgment and solve problems independently. Desire to contribute in a variety of ways to the overall success of the enterprise. Strong team player Risk Management Expert Real Estate Loan Underwriting Conventional Mortgage Loan Underwriting Non-Conforming Loans Loan Clearing Account Management PROFESSIONAL EXPERIENCE

Wells Fargo Home Mortgage San Bernardino, CA 07/2010 – 1/29/23 Senior Mortgage Loan Underwriter

Pulled property profile reports to verify ownership and date of subject property and track record.

Handled multiple transactions in the pipeline and execute thorough due diligence.

Update respective documents into CORE and server accordingly.

Follow Company guidelines when performing due diligence on Borrower and Asset.

Verified pricing and terms are correct once all data and underwriting was completed.

Confirm entity ownership structure and identify Guarantors, Managers/Members and Authorized Signers.

Identify key risks and mitigants on a Borrower and Asset level during underwriting.

Closely collaborate with third parties such as loan officers and processors to ensure an efficient and timely closing.

Analyze rent rolls, bank statements, credit reports, background reports, rehab budgets, scope of work, appraisals and additional items depending on loan submission.

Borrower and Loan Officer facing role where effective communication will be key to obtain documentation and additional clarification needed to underwrite the loan request.

Underwrite on a Borrower level and an Asset level.

Manage pipeline of assigned files and ensure turnaround times are being met.

Experience looking at Operating Agreements, Limited Partnership Agreements and Corporation documentation.

Ability to adapt quickly to new processes and systems.

Experienced in excel. No modeling experience required, but a solid understanding of the functions/formulas involved is preferred.

Proficiency in Microsoft Office Suite.

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US Advocate Law Group Laguna Niguel, Ca. 5/09 - 7/10 Mortgage Loan Underwriter

Loan modification negotiator. Underwrote and prepared loan mod packages, per bank and government guidelines (HEMP, and others). Then submitted package to bank for review. Followed up with bank, loss mitigation dept., on a weekly basis to verify status of mod review. Negotiated postponements of sale dates, balance and rate reductions with a pipeline of over 150 clients.

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Tripoint Mortgage Group Irvine, CA 12/07 – 2/09

Mortgage Loan Underwriter

Underwrote 6-8 files daily, including modification to loan terms. Work direct with HUD, Fannie-Mae and Freddie-Mac. Fast paced environment working with loan officers, wholesale representatives EDWARD A. CASTRO

714-***-**** ad0sq3@r.postjobfree.com

and loan processors.

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Resmae Mortgage Corporation Brea, Ca. 6/05 – 10/07 Senior Account Executive

Managed over 45 mortgage broker offices. Ensure high levels of customer satisfaction for repeat and referral business. Pre-audit on all levels of credit, income, reserve, asset and collateral prior to submissions to wholesale channel. Member of the prestigious “Circle of Champions” top 10 Account Executives, averaging sales volume of $8 million monthly. Senior Account Executive, Aames Home Loans, Irvine, Ca. -7/2002 - 6/2005 Number one objective was to produce and close loans. Awarded “Rookie of the Year”, exceeding company goals averaging in sales volume of $10 million monthly. Effectively started as a mortgage underwriter, transferred to sales of non-conforming loan products.

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Aames Home Loans Irvine, CA 7/02 - 6/05

Mortgage Loan Underwriter / Senior Account Executive Number one objective was to produce and close loans. Awarded “Rookie of the Year”, exceeding company goals averaging in sales volume of $10 million monthly. Effectively started as a mortgage underwriter, transferred to sales of non-conforming loan products. Started with Aames Home Loans as a mortgage loan underwriter. Required minimum of 7 loans to be underwritten daily, with a signing authority of

$2 million for non-conforming loans, included term modifications on existing approvals. Risk evaluation of credit, income, asset, and collateral: worked cohesively with sales force in meeting company revenue goals. Worked as an underwriter until 6/04, then was promoted as an account executive.

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BNC Mortgage Irvine, CA 3/2000 - 6/02

Mortgage Loan Underwriter

Assignments required minimum of 7 loans to be underwritten daily, with a signing authority of

$1.5 million for conforming and non-conforming loans, included term modifications on existing approvals. Risk evaluation of credit, income, asset, and collateral: worked cohesively with sales force in meeting company revenue goals.

EDUCATION & CREDENTIALS

Certified Training in Real Estate Loan Underwriting Tax Return Analysis and Evaluation Certified Training from Fannie Mae’s Housing Institute in Credit Scoring and Automated Underwriting Originating and Underwriting Residential Mortgages

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