Mortgage Underwriter Senior
Resume:
Denisha L. Scott
Norcross GA 30071
ad2wu4@r.postjobfree.com
Risk Mitigation Management
FHA DE
VA Automatic Credit
VA LAPP SAR
USDA RD
CHENOA
Certifications: FHA CHUMS, VA Automatic Credit, VA LAPP SAR, USDA
Professional Summary
Dedicated and detail-oriented professional seeking a challenging Mortgage Underwriting position where extensive experience in assessing loan applications, mitigating risks, and ensuring compliance will be utilized to facilitate informed lending decisions and contribute to the success of a your financial institution. Committed to maintain high-quality standards, adhering to regulatory requirements, and maximizing customer satisfaction through proficient analysis and sound judgement in the mortgage underwriting process.
I am a seasoned mortgage underwriter with expertise in FHA, VA, USDA, Conventional, DPA, Manufactured housing, condos, Texas 50(a)(6). Adept at leading high-preforming teams, exceeding industry standards in qualify control, and streamlining processes. Proven track record in decision-making, risk assessment, and client communication, consistently achieving a loan approval rate of 92%
Skills: Analytical Skills, Banking, Customer Service, Management, Microsoft Office, Working with Investors, Auditing, Public Speaking, Research Skills.
City First Mortgage
July 18, 2020 to December 11, 2023
Senior Underwriter III VA/FHA, USDA, Conventional, DPA, Texas 50 (a)(6)
40 hours a week
Remote Setting
System used Encompass SAR Number 025412 CHUMS ID IA58
QC Rates exceeding industry standards at 90% with highest pull through above my peers of 92%
Analyze complex financial data, such as income growth, quality of management, market share/inventory, and overall borrower business plans in order to make recommendations with regard to credits
Responsible for management of Credit Analysts and Underwriters, including hiring, on-going training, performance reviews, coaching/development
Underwriting single-family residential properties
Update Encompass conditions, condition sets for underwriting
Oversee accurate and uniform written communication to clients, including commitment letters, declinations, and needs letters
Performing trend analysis, reporting findings and writing recommendations to management officials
Coordinate with Credit Quality Administration and Credit Review to respond to audit exceptions
Implementing and evaluating programs areas and providing recommendations for improvements
Work with various departments to streamline process/procedures
Review a minimum of 40 appraisals per month per Underwriter to gain an understanding of their strengths and weaknesses Meeting and exceeding Industry Standards
Administers assignments and follow up on all types of complex credits
Monitor mortgage loans active in a loan modification trial offer plan to ensure mortgage loan borrowers are making payments in accordance with the trial offer
Identify discrepancies between internal and investor systems of record and reconcile accordingly
•Underwrite between 60-80 New loans per month Meeting and exceeding Industry Standards
•FHA Underwriting Authority, Underwriting authority for Conventional $548,250 and USDA authority
•VA Training – passed credit standards test/LAPP SAR
•Appraisal Review FHA Appraisal Review, Review of Conventional Appraisals, Review of USDA Appraisals 9 years.
•Bond loan programs, Grants, DPAs and MCCs Meeting and exceeding Industry Standards
•Making credit risk decisions based on sound underwriting judgment, the application of underwriting guidelines and principles, and the thorough analysis of complex loan documentation including: credit reports, verifications, bank statements, tax returns and financial statements.
•Evaluating the credit worthiness of loan applicants and the value and marketability of the subject property. Insuring loans meet all company, secondary market investor, federal, state and local policies, guidelines and regulations
•Train all new underwriters to underwrite per agency and overlays for specific investors.
•Supervise a group of employees to achieve goals that contribute to the growth of the organization. Motivate and inspire my team by creating an environment that promotes positive communication.
•Field questions from underwriters
•Work the Scenarios Desk
•Providing great customer service with a “what can I do to help” approach to personal accountability
•Publish Underwriting Dispositions, clear conditions, analyze Change Requests
•Manage New Loan Queue and Condition Queue with excellent time management skills to assure that daily productivity requirements are met and company published service standards for conditions are met (8 business hours)
•Following COVID-19 guidelines put out per agencies.
•Correspondent lending with 21 lenders
Canopy Mortgage August 13, 2019 to January 1,2020
40 hours a week
Remote Setting
Senior Underwriter III FHA DE Underwriter, USDA, Conventional, DPA
•Underwrite between 48-50 New loans per month
•Making credit risk decisions based on sound underwriting judgment, the application of underwriting guidelines and principles, and the thorough analysis of complex loan documentation.
•Remote Ambassador – Providing support for remote employees to help figure out what to as a remote employee
•Kaizen Team Lead – Run Kaizen meetings to help direct conversations about what changes could be made to make the company better as a whole and a better employee experience.
•Providing great customer service with a “what can I do to help” approach to personal accountability
•FHA Underwriting Authority, Underwriting authority for Conventional $417,000 and USDA authority.
•Making credit risk decisions based on sound underwriting judgment, the application of underwriting guidelines and principles, and the thorough analysis of complex loan documentation including: credit reports, verifications, bank statements, tax returns and financial statements.
•Evaluating the credit worthiness of loan applicants and the value and marketability of the subject property. Insuring loans meet all company, secondary market investor, federal, state and local policies, guidelines and regulations
Providing great customer service with a what can I do to help approach to personal accountability; acting as a mortgage credit risk and underwriting subject matter expert by creating loan level lending solutions
American Pacific
July 7, 2016 to August 8, 2019
40 hours a week
Remote Setting
System used Encompass
Senior Underwriter III FHA DE Underwriter, USDA, Conventional, DPA
•Underwrite between 48-50 New loans per month
•Making credit risk decisions based on sound underwriting judgment, the application of underwriting guidelines and principles, and the thorough analysis of complex loan documentation.
•Remote Ambassador – Providing support for remote employees to help figure out what to as a remote employee
•Kaizen Team Lead – Run Kaizen meetings to help direct conversations about what changes could be made to make the company better as a whole and a better employee experience.
•Providing great customer service with a “what can I do to help” approach to personal accountability
•FHA Underwriting Authority, Underwriting authority for Conventional $417,000 and USDA authority.
•Making credit risk decisions based on sound underwriting judgment, the application of underwriting guidelines and principles, and the thorough analysis of complex loan documentation including: credit reports, verifications, bank statements, tax returns and financial statements.
•Evaluating the credit worthiness of loan applicants and the value and marketability of the subject property. Insuring loans meet all company, secondary market investor, federal, state and local policies, guidelines and regulations
•Providing great customer service with a what can I do to help approach to personal accountability; acting as a mortgage credit risk and underwriting subject matter expert by creating loan level lending solutions through proactive problem solving, analyzing complex loan scenarios and researching and answering underwriting questions for Market Officers and Mortgage Operations staff.
•Manage New Loan Queue and Condition Queue with excellent time management skills to assure that daily productivity requirements are met and company published service standards for conditions are met (6 business hours)
•Publish Underwriting Dispositions, clear conditions, analyze Change Requests
•Analyze risk as it relates to investment quality loans
Supreme Lending
January 1, 2016 to July 16, 2016
40 hours a week
Remote Setting
System Used Encompass
Senior Underwriter III FHA DE Underwriter, USDA, Conventional, DPA
•Making credit risk decisions based on sound underwriting judgment, the application of underwriting guidelines and principles, and the thorough analysis of complex loan documentation.
•Providing great customer service with a “what can I do to help” approach to personal accountability
•FHA Underwriting Authority, Underwriting authority for Conventional $417,000 and USDA authority.
•Making credit risk decisions based on sound underwriting judgment, the application of underwriting guidelines and principles, and the thorough analysis of complex loan documentation including: credit reports, verifications, bank statements, tax returns and financial statements.
•Evaluating the credit worthiness of loan applicants and the value and marketability of the subject property. Insuring loans meet all company, secondary market investor, federal, state and local policies, guidelines and regulations
•Providing great customer service with a what can I do to help approach to personal accountability; acting as a mortgage credit risk and underwriting subject matter expert by creating loan level lending solutions through proactive problem solving, analyzing complex loan scenarios and researching and answering underwriting questions for Market Officers and Mortgage Operations staff.
•Manage New Loan Queue and Condition Queue with excellent time management skills to assure that daily productivity requirements are met and company published service standards for conditions are met (6 business hours)
•Publish Underwriting Dispositions, clear conditions, analyze Change Requests
•Analyze risk as it relates to investment quality loans
•Communicate with originator, per service standards (4 - 6 business hours); answer underwriting and loan product questions
WJ Bradley Mortgage Capital
May 15, 2015 to January 1, 2016
Senior Underwriter II FHA/Conventional/USDA Underwriter
40 hours a week
Remote Setting
System used Encompass
•Making credit risk decisions based on sound underwriting judgment, the application of underwriting guidelines and principles, and the thorough analysis of complex loan documentation including: credit reports, verifications, bank statements, tax returns and financial statements.
•Evaluating the credit worthiness of loan applicants and the value and marketability of the subject property. Insuring loans meet all company, secondary market investor, federal, state and local policies, guidelines and regulations
•FHA DE Underwriting Authority, Underwriting authority for Conventional $417,000 and USDA authority.
•Communicating underwriting decisions in a clear and concise manner and within prescribed service level agreements and timeframes.
•Thoroughly documenting the overall credit decision in both the loan file and in the loan origination system including the credit, income and asset analysis.
•Maintaining a complete understanding of all organizational and secondary market policies and guidelines; staying current on all changes and updates to these policies and guidelines; evaluating, analyzing and communicating applicable changes and updates to fellow Underwriting and Processing staff as well as Mortgage Operations Officers.
•Providing great customer service with a what can I do to help approach to personal accountability; acting as a mortgage credit risk and underwriting subject matter expert by creating loan level lending solutions through proactive problem solving, analyzing complex loan scenarios and researching and answering underwriting questions for Market Officers and Mortgage Operations staff.
•Publish Underwriting Dispositions, clear conditions, analyze Change Requests
•Maintain thorough understanding of loan documents
•Maintain complete knowledge of underwriting guidelines
Stewart Lending Services
February 2, 2015-May 5, 2015
40 hours a week
FHA Default Underwriter
•Review FHA loans in default for a client to determine if the client can file a claim with FHA for MI for the borrowers who defaulted on their mortgage based on FHA guidelines at the time the original loan closed.
•Interpret and analyze complex tax returns and financial documents.
•Remained up to date on program and investor guidelines, Current and past FHA Guidelines, Mortgagee Letters.
Kroll Factual Data
March 3, 2014- January 1, 2015
40 hours a week
Underwriter/Lead
•Frontline full underwriting review for new underwriters to ensure quality of underwriter. Analyze FHA, VA, Conventional, USDA loan programs to ensure that the loans were correctly underwritten per Fannie/Freddie, Conventional, FHA, USDA, and investor guidelines. Identify potential suggested solutions/exceptions for denied loan files
•Team Lead, lead on client account assign work to and review team members work to verify quality meets guidelines for Fannie/Freddie, FHA, USDA and investors. Mentor and train team members to do a quality review of mortgage loans. Keep team members abreast of any changes in guidelines or policy for client. Work with client directly to figure out SOW’s, setting up new employees, billing.
•Assign loans to team members and review team members work to ensure quality of work.
•Run reports for management on a weekly basis.
•4 loans completed per day standard is 3.
•Interpret and analyze complex tax returns and financial documents.
•Review and analyze loan applicants’ credit histories, financial statements, and other financial information to make quality decisions on loans.
•Remained up to date on program and investor guidelines
Urban Lending Solutions
Underwriter I
June 1, 2012 to January 21, 2014
40 hours a week
Qualifications Summary Underwriting
More than 6 years of underwriting experience with Full Conventional Underwriting designations and a complete understanding of legal, regulatory, economic, competitive and technological environments which potentially affect Real Estate Lending programs.
RESPONSIBILITIES
• Weighted daily average production number of 2.19 loans per day.
• Five month post close passing rate average of 91%
• Review and analyze loan applicants’ credit histories, financial statements, and other financial information to
make quality decisions on loans.
• Interpreted and analyze complex tax returns and financial documents.
• Adhere to confidentiality standards as outlined by security policies
• Utilized DU and LP underwriting systems.
• Extends excellent customer service to internal and external clients
• Reviewed, analyzed and made final determination on loan approvals
• Worked with team members to identify potential suggested solutions/exceptions for denied loan files
• Remained up to date on program and investor guidelines
• Complete tasks as delegated by project leadership
• Additional Duties as assigned completed when assigned
• Absorbed guideline changes and apply them immediately with minimal error rate
• Willingness to work on a special project when assigned
• Decisioned files with a high level of accuracy in a high volume environment
• Mentor new employees such as training and questions while they are in QC.
Accomplishments
• Top producer of the month 8 times in 17 months
Qualifications Summary Processing
• Seven years of experience in providing loan processing services
• Profound experience in verifying and validating loan information and submission to underwriters
• Highly skilled in following processes and procedures that need to be taken into account when maintaining a relationship with loan originators.
• Experienced in tracking a loan application from its inception point to its maturity
• Experienced in collecting statistical data and preparing relevant periodical reports
• Excellent computer skills including MS Word, Excel and different loan processing software Clout, DU and LP
Loan Processing Expertise
Conforming & Nonconforming Loans, FRMs, ARMs, Jumbo Loans, Fannie Mae & Freddie Mac Guidelines, FHA, VA.
ACCOMPLISHMENTS
• Obtained appreciation letter from a number of clients
• Top producing processor
Nov 8, 2011 to June 15, 2012 Senior Loan Processor
40 hours a week
RESPONSIBILITIES
• Open loan files when a request comes in
• Verify and validate initial information at the inception of the loan
• Check for accuracy after loan originator completes disclosure package
• Collect statistical data and prepare monthly reports
• Troubleshoot issues related to credit reports, surveys and appraisals
• Ensured accuracy of all documents sent in for underwriter review.
• Ordering VVOE, Mers, LDPS, GSA, credit supplements, payoff letters, and sub agreements. Running Clout, LP & DU.
• Regarded as one of the company’s most productive loan processors, handling an average of 22-25 files monthly.
• Outperformed company average in achieving loan-processing turn-around time of 12 days or less (compared to typical 15 to 20 days)
August 15, 2009-Nov 15, 2011
40 hours a week
Underwriter
RESPONSIBILITIES
• Reviewed loan modifications files to be sure all documents are received and ensure accuracy of loans and documents. Random audits of loans to ensure accuracy.
• Trained coworkers to become Underwriters.
• Reviewed and analyze loan applicants’ credit histories, financial statements, and other financial information to make quality decisions on loans.
• Interpret and analyze complex tax returns and financial documents.
• Adhere to confidentiality standards as outlined by security policies
• Utilized DU and LP underwriting systems.
• Extended excellent customer service to internal and external clients
• Review, analyze and make final determination on loan approvals
• Work with team members to identify potential suggested solutions/exceptions for denied loan files
• Remained up to date on program and investor guidelines
• Completed tasks as delegated by project leadership
• Absorbed guideline changes and apply them immediately with minimal error rate
• Decisioned files with a high level of accuracy in a high volume environment
JPMorgan Chase Bank N.A.
February 5, 2008-July 15, 2009
40 hours a week
Senior Mortgage Loan Processor
RESPONSIBILITIES
• Open loan files when a request comes in
• Verified and validated initial information at the inception of the loan
• Check for accuracy after loan originator completes disclosure package
• Collect statistical data and prepare monthly reports
• Maintain ledgers on individual accounts
• Troubleshoot issues related to credit reports, surveys and appraisals
• Ensured accuracy of all documents sent in for underwriter review.
• Ordering VVOE, Mers, LDPS, GSA, credit supplements, payoff letters, and subordination agreements.
• Regarded as one of the company’s most productive loan processors, handling an average of 22-25 files monthly.
• Outperformed company average in achieving loan-processing turn-around time of 12 days or less (compared to typical 15 to 20 days).
• Excellent computer skills including MS Word, Excel and different loan processing software Clout, DU and LP.
Accomplishments
• Employee of the month
MDC Holdings
July 5, 2003-January 15, 2008
40 hours a week
Senior Processor
RESPONSIBILITIES
• FHA Processing, and VA Processing and Conventional processing
• Open loan files when a request comes in
• Verify and validate initial information at the inception of the loan
• Check for accuracy after loan originator completes disclosure package
• Collect statistical data and prepare monthly reports
• Maintain ledgers on individual accounts
• Troubleshoot issues related to credit reports, surveys and appraisals
• Ensured accuracy of all documents sent in for underwriter review.
• Ordering VVOE, Mers, LDPS, GSA, credit supplements, payoff letters, and subordination agreements.
• Regarded as one of the company’s most productive loan processors, handling an average of 22-25 files monthly.
• Outperformed company average in achieving loan-processing turn-around time of 12 days or less (compared to typical 15 to 20 days).
Aurora Loan Services/Broker Funding Solutions
March 22, 2002-July 17, 2003
40 hours a week
Underwriter
RESPONSIBILITIES
• Reviewed loan modifications files to be sure all documents are received and ensure accuracy of loans and documents. Random audits of loans to ensure accuracy.
• Train coworkers to become Underwriters.
• Reviewed and analyze loan applicants’ credit histories, financial statements, and other financial information to make quality decisions on loans.
• Interpreted and analyzed complex tax returns and financial documents.
• Adhere to confidentiality standards as outlined by security policies
• Utilized DU and LP underwriting systems.
• Extended excellent customer service to internal and external clients
• Responded effectively to internal and external customers
• Reviewed, analyzed and make final determination on loan approvals
• Worked with team members to identify potential suggested solutions/exceptions for denied loan files
• Remained up to date on program and investor guidelines
• Completed tasks as delegated by project leadership
• Additional Duties as assigned completed when assigned
• Absorbed guideline changes and apply them immediately with minimal error rate
• Willingness to work on a special project when assigned
• Decisioned files with a high level of accuracy in a high volume environment
7-02-02 -1-05-03 QC Auditor
RESPONSIBILITIES
40 hours a week
• Duties included Pre funding reviews, responsible for inspecting the integrity of files.
• Remained up to date on program and investor guidelines
• Absorbed guideline changes and apply them immediately
• Reviewed, analyzed and make final determination on loan approvals
• Interpreted and analyzed complex tax returns and financial documents.
• Adhere to confidentiality standards as outlined by security policies
• Reviewed and analyze loan applicants’ credit histories, financial statements, and other financial information to make sure decisions were made correctly.
References
Chaz Ramirez – City1st Mortgage Operations Manager 512-***-****
Tawna Todd – Canopy Mortgage Branch Manager Former Supervisor 801-***-****
Brian Gressman– American Pacific Mortgage, Former Supervisor 720-***-****.
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