Mortgage Loan Business Development
Resume:
DANA VACA
DE Underwriter
Wood Dale, Illinois *******@*******.*** 630-***-**** (home) / 630-***-**** (cell)
Experienced mortgage loan and credit risk professional with 15+ years of progressive skills in conventional, non-conforming Jumbo programs, Fannie Mae, and Freddie Mac underwriting, with a passion for deep dive into complex financial analysis. Thoroughly enjoys the manual underwriting process, demonstrating the ability to analyze multiple income streams, properties, businesses and tax returns of mid to high level borrowers. Team oriented, with proven ability in training, administration, and management in support of company objectives. Fully adept at successfully performing in the challenging day-to-day deadline driven and high volume production environment.
QUALIFICATIONS
Self-motivated, capable of working independently and taking a proactive role in management and support functions
Ability to deal with staff and all office personnel in a professional and confident manner
Able to handle confidential material in a discreet manner
Detail oriented to ensure both internal and external customer satisfaction
Able to handle multiple priorities in a fast-paced environment
Exceptional problem solving skills, and superb verbal and written communication skills
Ability to expedite procedures and processes so that departmental objectives are met
Extensive experience in Windows 98/95, Microsoft Office, Internet Explorer, ACT!, Microsoft Word, PowerPoint, Excel, Adobe Photoshop, and well versed in various mortgage software
Strong time management skills
WORK EXPERIENCE
Guaranteed Rate Affinity – Chicago, IL (Corp Office) Sept/6/ 2022 - Oct/28/2022
Business Development Coordinator
Assisted sales team with initial application and reviewed investor guidelines
Remote underwriting of correspondent products
Thorough knowledge of Fannie/ Freddie guidelines
Understanding of decision engine and decision underwriting report feedback.
DE underwriter - gathering specific guidelines for each loan
Review of initial application for accuracy and completeness
Advanced systems knowledge of Outlook, Teams, client folder
Sierra Pacific Mortgage - SanFrancisco, CA (corp) Feb 2022 - 6/2022
Remote Senior Underwriter/Delegated MI Underwriter / FHA underwriter with valid CHUMS
Underwrites residential mortgage loans in accordance with investor overlays, Fannie Mae, and Freddie Mac guidelines ensuring compliance with company and investor standards.
Remote underwriting of retail conventional products using an imaged document system.
Understanding of decision engine and decision underwriting report feedback.
System knowledge of Doc Manager and EFile
Complete underwriting rationale done on every loan type that mentions all aspects of file - income calculations, asset availability, credit ability, collateral review, and decision of loan.
Advanced systems knowledge of H20, FHA connection, and Microsoft Outlook
Thorough knowledge of Fannie/ Freddie guidelines
Worked on DOS based system - Blitz docs / Express Loan / OPS
Caliber Home Loans (New Rez) – Fort Meyer, FL (Corp Office) Sept 2020 - 2/2022
Remote Senior Underwriter/Delegated MI Underwriter / FHA underwriter with valid CHUMS
Underwrites residential mortgage loans in accordance with investor overlays, Fannie Mae, and Freddie Mac guidelines ensuring compliance with company and investor standards.
Remote underwriting of retail conventional products using an imaged document system.
Thorough knowledge of Fannie/ Freddie guidelines
Understanding of decision engine and decision underwriting report feedback.
System knowledge of Doc Manager and EFile
Complete underwriting rationale done on every loan type that mentions all aspects of file - income calculations, asset availability, credit ability, collateral review, and decision of loan.
Advanced systems knowledge of H20, FHA connection, and Microsoft Outlook
1st Savings Bank / E2 Lending – Clarksville, IN (Corp Office) May 2020 - Sept 2020
Remote Senior Underwriter / DE underwriter
Underwrites residential mortgage loans in accordance with investor overlays, Fannie Mae, and Freddie Mac guidelines ensuring compliance with company and investor standards.
Remote underwriting of retail conventional products using an imaged document system.
Thorough knowledge of Fannie/ Freddie guidelines
Understanding of decision engine and decision underwriting report feedback.
DE underwriter - reviewing all aspects of FHA loans.
Complete underwriting rationale done on every loan type that mentions all aspects of file - income calculations, asset availability, credit ability, collateral review, and decision of loan.
Advanced systems knowledge of Open Close, Encompass and Microsoft Outlook
Guaranteed Rate – Chicago, IL (Corp Office) May 2019 - May 2020
Remote Senior Underwriter / Delegated MI UW
Underwrites residential mortgage loans in accordance with GRI overlays, Fannie Mae, and Freddie Mac guidelines ensuring compliance with company and investor standards.
Remote underwriting of retail conventional products using an imaged document system.
Thorough knowledge of Fannie/ Freddie guidelines
Understanding of decision engine and decision underwriting report feedback.
Complete underwriting rationale done on every loan type that mentions all aspects of file - income calculations, asset availability, credit ability, collateral review, and decision of loan.
Advanced systems knowledge of Encompass and Microsoft Outlook
Dovenmuehle – Lake Zurich, IL (Corp Office) March 2019 - April /2019
QC Analyst
Reviewing servicing of customer loan to re-work and/or put the borrower in a better position.
Create audit spreadsheets
Updating of daily log to evidence audit was completed
Chicago Blues Hockey Club & AWF Renengades Hockey April /2012 - April / 2019
Board Member/Registrar
Maintaining player hockey records
Processing hockey registrations
Input and maintenance of USA hockey #s
Clerical support for parents and administrative staff of NGIN system
Member of the board which includes but is not limited to answering parent questions and providing support to faculty, administration and staff.
Posses a positive attitude and be able to collaborate with others
Well organized with the ability to multi-task
Strong computer skills
Excellent customer service skills
Parkside Lending – San Francisco, California (Corp Office) Feb 2015 - Nov/2018
Remote Underwriter III / Delegated MI UW / Jumbo IV
Underwrites residential mortgage loans in accordance with Parkside overlays, Fannie Mae, and Freddie Mac guidelines ensuring compliance with company and investor standards.
Remote underwriting of retail conventional products using an imaged document system.
Thorough knowledge of Fannie/ Freddie guidelines
Understanding of decision engine and decision underwriting report feedback.
Complete underwriting rationale done on every loan type that mentions all aspects of file - income calculations, asset availability, credit ability, collateral review, and decision of loan.
Advanced systems knowledge of Loan Brain, Microsoft Outlook, and Lending QB
Citibank – Ann Arbor, Michigan May 2012 - August 2014
Remote Underwriter III
750,000 Signing Authority
Underwrites residential mortgage loans in accordance with Citi, Fannie Mae, and Freddie Mac guidelines ensuring compliance with company and investor standards.
Remote underwriting of retail conventional products using an imaged document system.
Thorough knowledge of Freddie Relif/DU Refi Plus program guidelines.
Understanding of decision engine and decision underwriting report feedback.
Complete underwriting rationale done on every loan type that mentions all aspects of file - income calculations, asset availability, credit ability, collateral review, and decision of loan.
Advanced systems knowledge of Citrix, Microsoft Outlook, and Laser Pro Mortgage
MetLife Home Loans – Oak Brook, Illinois December 2010 to April 2012
Senior Underwriter/Jumbo Underwriter
2M Signing Authority
Underwrites residential mortgage loans in accordance with MLHL, Fannie Mae, and Freddie Mac guidelines ensuring compliance with company and investor standards
In-depth experience and complete knowledge of FHA/VA lending guidelines and understands how those relate to internal and investor guidelines
Able to clearly communicate guidelines to customers, loan processors, and sales associates
Able to make timely, accurate decisions on all mortgage loan transactions
Thorough knowledge of complex personal and business financial analysis and expertise in tax return and balance sheet analysis
Bank of America – Rolling Meadows, Illinois January 2010 to December 2010
DE Mortgage Underwriter/Conventional
Non-Conforming Jumbo Level 5 Signing Authority
Underwrites residential mortgage loans in accordance with FHA/HUD and internal guidelines ensuring compliance with company and investor standards
In-depth experience and complete knowledge of FHA/VA lending guidelines and understands how those relate to internal and investor guidelines
Able to clearly communicate FHA/VA, corporate, and investor guidelines to customers, loan processors, and sales associates
Able to make timely, accurate decisions on all FHA/VA transactions
Thorough knowledge of complex personal and business financial analysis and expertise in tax return and balance sheet analysis
Underwriting Training Decision Coordinator (Manager)/Quality Control/Underwriter
(UW division dissolved)
HSBC - Elmhurst, Illinois October 2001 to May 2009
Team Lead/Training Manager
Executed training course for new recruits ~ from 1 to 20 employees every 6 weeks
Trained new underwriting staff on proper phone etiquette with branch personnel
Taught each new employee underwriting guidelines and requirements
Implemented and developed new "business for self-training" course for all underwriters
Ensure that the new underwriting staff had working computers, outside communication line to branch, and set up of all computer access
Implemented spreadsheets to track new employee's quality and underwriting turn-around time frames
Assessed overall credit compliance to follow underwriting guidelines
Reviewed appraisal to adhere to company requirements
Ensured adherence to deadlines and quality standards and maintained all daily activities
Responsible for procedures and regulatory requirements (e.g. client inquiries, transaction research)
Resolved non-routine and/or moderately complex operational problems often requiring research and involvement from other business functional experts
EDUCATION
Appraisal Institute - Chicago, Illinois
January 1994 to April 1994
Word Processing and Accounting
Joliet Junior College - Joliet, Illinois
January 1988 to June 1990
Administration and Accounting
Lewis University - Romeoville, Illinois
September 1986 to June 1987
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