JaNeen Hedquist

ad3j0u@r.postjobfree.com

cell 904-***-****

Mortgage Loan Underwriter

Meticulous mortgage professional with over 10 years manual underwriting of high-dollar, complex loans; examining credit documentation to appropriately decision and protect company from potential losses.

Credible history of partnering with all stakeholders to deliver the best experience for borrowers through detailed loan reviews. Stellar record of conducting multi-level risk analysis while accurately interpreting and implementing guides for Agency, Non-Agency, QM/Non-QM, Jumbo and portfolio loans. Evaluate the viability of income and asset sources; decide proper loan structures and products. Proficient at evaluating personal/business financial information, preparing credit approval/decline documentation, effectually controlling risk to prevent losses.

Areas of Expertise

•Holistic Manual Underwriting

•Self-motivated, Customer-centric

•Peer Coaching & Mentoring

•Focused & Highly Organized

•Income & Financial Analysis

•Foreign Borrower Requirements

•Maintain Strictest Confidentiality

•Professional Communication Skills

•Team Goal & Deadline Oriented

•Proactive Problem Solving

•Building & Maintaining Rapport

•Effective Pipeline Management

Career Experience

Jumbo Underwriter, Guaranteed Rate Inc., Remote 11/2020 – 09/2022

Multi-level risk review of all credit documentation, issue appropriate decision and communicate to Sales teams. Examined all documents for any potential red flags and sent SARS if necessary. Accountable for all aspects of assigned loans throughout the underwriting process, including title, insurance, appraisal, credit, income, and assets. Resolved post-closing problems to facilitate timely investor buying.

Average productivity of 2 high-quality loans/day while addressing conditions and fielding phone calls, e-mails.

Attained up to $4 million loan sign-off, loan amounts based on each Investor’s Delegated Authority.

Entered data into Encompass to underwrite non-agency jumbo loans for multiple large investors.

Ensured each loan satisfied the ATR/QM standards for investor purchase by ensuring file review included the necessary income documents such as RSU schedules, Trustee letters, Award letters, or Asset documentation for asset-derived income.

Set appropriate conditions and resolved any loan issues by regularly communicating with sales teams.

Senior Jumbo Underwriter-AVP, Morgan Stanley Private Bank NA, Remote 04/2020 – 10/2020

Underwriter of portfolio loan amounts up to $2 million. Reviewed and calculated complex asset and income documentation for asset depletion, RSU, Trust income, self-employment cash flow using 112oS, 1120, 1065, 1041, Schedule C, Income statements, Balance Sheets. Collaborated frequently with sales and other stakeholders to get loans to Clear to Close status.

Regularly exceeded goals which included condition review and minimum 2 new loan reviews, with 100% accuracy.

Ensured subject property complied with strict Morgan Stanley collateral requirements by reviewing all appraisals.

Weekly calls with Sales, or more frequently if needed, to address any loan issues throughout underwriting process.

SAFE Act registered.

Corporate Underwriter SASE 6, Bank of America, Tampa, FL 05/2018 – 04/2020

Authorized sign-off to $2M for conventional conforming and non-conforming portfolio loans. Performed multi-level risk review of complex portfolio loans. Reviewed sophisticated asset portfolios and income types for jumbo loan borrowers with multiple sources and percentages of ownership and liquidity, including vested stock shares, retirement accounts, business assets, and equity ownership interests.

Obtained & retained SASE-6 underwriting designation in first round of eligibility.

Reviewed 2-3 new loans each day.

Maintained 100% quality during tenure with Company.

SAFE Act registered.

Senior Jumbo Underwriter, LenderLive, Jacksonville, FL 12/2016 – 05/2018

Quickly earned sign-off of $2 million, dedicated to underwriting high net worth Borrowers for large international Bank. Allowed to make certain exceptions and variances from guides within prescribed guidance, with 95% of the borrowers being self-employed or qualifying with alternative forms of income.

Obtained and maintained top 10% of underwriters for production and quality.

●Facilitated onboarding of a major international banking client.

●Documented and incorporated LenderLive processes/procedures for new underwriters to follow.

●Collaborated in the build-out and performed End-User testing for Underwriter side of new Encompass system.

●Trained new underwriters on Encompass.

Senior Exceptions Underwriter, J.P. Morgan Chase Bank, Jacksonville, FL 04/2013 – 11/2016

Complete re-underwrite of all loans assigned to determine any mitigating factors to allow exception within prescribed limits to approve loan and move it forward in the pipeline. Detailed write-up submitted to management for loans outside of prescribed limits. Ownership of loans were then retained at this level for remaining period of loan thru closing. Manual multi-level risk review, as well as using AUS scoring LP/DU of agency and non-agency jumbo loans. Analyzed complex tax returns and financial statements for self-employed borrowers.

●Rated as top performer by exceeding goals for number of files underwritten and quality exceeding 12 months.

●Regularly acknowledged for quality and depth of write-ups to upper management when additional review required due to being beyond assigned exception limits.

Underwriter III, PHH Mortgage, Jacksonville, FL 10/2011 – 04/2013

Selected out of 36 underwriting trainees to go to existing team as dedicated underwriter for Merrill Lynch portfolio.

Gained lending authority of $2 million within first 60 days out of training with 100% quality and exceeding production of 2 loans each day.

Education

Degree: Associate of Arts

Florida State College of Jacksonville

Additional Experience

GE Aviation, Sr Credit Manager, Jacksonville, FL

Kohls Corp, Credit Manager, Menomonee Falls, WI

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