Edward Lee

**** ******* *** ** ****** CA ***** 626-***-**** ad1agv@r.postjobfree.com

SUMMARY

Senior Mortgage underwriter with 15+ years analyzing and evaluating consumer home loan applications to assess Borrower’s creditworthiness. Responsible for the complete underwrite of conforming and non-conforming Conventional loans by reviewing the credit, capacity, and collateral characteristics of loan files to quality standards and other duties as assigned.

SKILLS:

Proficiency in Microsoft Office such as Word, Excel, and Outlook Organized, attention to details, time- sensitive and dependable

Effective verbal and written communications, including active listening, and presenting findings and recommendations. Strong working experience with FNMA, FHLMC underwriting guidelines.

Aptitude to work independently as well as part of a team. Excellent customer service skills with a high attention to detail

Ability to multi-task, prioritize and function in a high-volume, fast-paced environment.

PROFESSIONAL EXPERIENCE

MUFG UNIONBANK / U.S. BANK

Senior Mortgage Underwriter / Private Bank-Private Wealth – 6/2016 to 4/2023

Reviewing credit applications, credit bureau information, collateral valuation, tax returns, financial statements, and/or other supporting documentation to recommend/approve requests within level decisioning authority.

Actively make decisions on loan file applications and mortgage loan in accordance to the investor guideline criteria, State and Federal regulatory requirements, established policies, procedures and appropriate guidelines

Review more complex loans, including but not limited to self- employed borrowers. Analyze business tax returns and calculate qualifying income.

Perform income analysis, including complex self-employment, assets, credit and property, on conventional loan files submitted.

Perform timely reviews of conditions submitted as well as loan re-submissions Analyze challenging loan packages to render sound credit solutions.

Maintain quality and production standards as defined by business.

Provides exemplary customer service to both internal staff and external customer by explaining credit decision and offering alternative options when needed.

National Mortgage Service Inc. (NMSI Inc.)

Senior Mortgage Underwriter – 6/2015 to 6/2016

Responsible for reviewing, analyzing, approving and underwriting residential loans, functions may include reviewing financial statements, credit reports, income calculations and applicable ratios(i.e. Debt ratios, loan-to-value);

Implementing fraud detection techniques,

Working knowledge of LOS system and ability to underwrite through various system automation and efficiency in a paperless environment.

Ability to comprehend AUS decisions, FNMA DU and FHLMC LP.

Familiarity with FNMA and FHLMC guidelines

Communicate loan decisions and conditions to loan brokers through the company’s wholesale retail and correspondent channels.

Maintain current knowledge through ongoing training opportunities.

Responsible for ordering and clearing various verification documentation such as data verify and FNMA early warning checks prior to funding loan transactions.

Evaluating title and appraisal reports and ensure accuracy of data entry to LOS system for data integrity of each loan file.

Main contact person and subject matter expert on all Jumbo and non-conforming loan programs

Familiarity with various investor guideline such as CITI, IMPAC, CALIBER, STONEGATE, WELLS FARGO, AMERIHOME, STEARNS and NEXTBANK.

Wells Fargo Home Mortgage

Consumer Loan Underwriter 3 9/2012 - 6/2013

Responsible for reviewing, analyzing, approving and underwriting large, unusual or complex individual consumer requests and products within company and industry guidelines. Dependent on division and complexity of underwriting, functions may include reviewing financial statements, credit reports, and applicable ratios (i.e. Debt ratios, loan-to-value);

Evaluating; examining transactions to ensure accuracy and completeness.

Preparing formal reports for review; ensuring that documents are consistent and uphold to company and industry guidelines.

Implementing fraud detection techniques,

Performing compliance reviews; assisting with re-negotiations of loans based on lending guidelines.

Contacting customers and partners to gather information to make appropriate decisions,

Explain rationale behind credit decision. May provide work direction and/or training to lower level team members and provide performance feedback to supervisor/manager.

Strong interpersonal skills to build and maintain professional relationships with clients, customers, and co-workers.

·Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.

·Experience with layering risk and evaluation and the ability to analyze income and asset documentation to render accurate underwriting decisions.

·Other related duties.

Bank of America

Mortgage Underwriter/Home Service Specialist 10/2010 – 02/2011

·Processed and underwrite conventional loans.

·Performed welcome calls to borrowers and facilitate and obtain documentations to satisfy underwriting conditions per current investor guideline / FNMA / FHLMC

·Provided excellent customer service from loan opening thru closing.

·Coordinated title and escrow ordering and ensure clear title and scheduled document signings as well.

·Coordinated appraisal ordering per underwriting requirements based on loan criteria.

·Achieved top status in volumes funded for consecutive months while on assignment.

C2C Appraisal Services

Appraisal Specialist 09/2010 – 10/2010 Seasonal / Temporary assignment

Coordinated Appraisal and home inspection orders to satisfy requirement for FHA flip sales guidelines.

California Chartered Group Financial Corp.

Mortgage Loan underwriter 2007 – 07/2010

·Pre-underwrite file to ensure accuracy and completeness prior to submitting for underwriting.

·Underwrite conventional refinance loan from initial decision thru asset and income analysis and conveying the decision to the borrowers.

·Satisfy underwriting conditions for clearance prior to docs and prior to funding.

Morgan Stanley. 2007 – 2008.

Financial Advisor – RFE Program

·Financial Advisor in the Reach for Excellence Program; attended regular sales meetings and seminars and completed training with top results.

Countrywide Home Loans 2000 - 2005 and 2007

Senior Account Executive

·Successfully increased business and sales through leads generated by portfolios, inbound/ outbound, Internet, and telephone sources. Consistently exceeded branch and team goals through effective business monitoring and staff development and follow-up.

·Analyzed customer needs and provided expertly configured relevant loan options, coordinating loans from origination to closure; pre-underwrote loan submission to ensure compliance.

·Coordinated with loan processors for timely compliance documentation and disclosure by clients.

·Establishing client and team rapport that resulted in increased repeat sales and word-of-mouth referrals while reducing staff turnover and increasing productivity.

Loan Funder/Closer - Wholesale Lending Division

·Audited and reviewed wholesale division loans, suspending files for various underwriting/funding conditions.

·Effectively audited loan document packages and ensures loan marketability and compliance to investor guidelines.

·Coordinated successful fund wiring with escrow and title companies and assisted junior funders to draw loan documents to meet compliance.

Sr. Loan Purchaser/Shipper – Correspondent, Lending Division

·Audited all types of loan files, including (FHA, VA, and Conventional to ensure completeness, compliance and marketability in the secondary market.

·Productively packaged various loan files to investor specifications and prepares for shipping and coordinated fund wiring to title companies.

EDUCATION

St. Stephen’s High School

San Beda College. Manila, Philippines.

BS, Business Administration; Major: Management/Finance

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