Quality Control High Net

Sharon Butler

Dana Point, CA ***** 714-***-**** ***********@*****.***

Objective

• Manual Underwriter, High Net Worth Underwriter, FNMA and DE BACHELOR OF ARTS BUSINESS ADMINISTRATION CALIFORNIA STATE UNIVERSITY FULLERTON

• Major: Accounting/ Emphasis Corporate, Estate and Individual Taxation

• Minor: International Finance

• Related coursework: Continuing Education, Tax, Appraisal, Risk Assessment SKILLS & ABILITIES

NMLS: 234287

SPECIFIC SKILLS

• 20 + years manual Underwriter of complex mortgage loans for High-Net-Worth clients, Self-Employment income including C Corps, S Corps, Partnerships, Trusts, rental income and variable/seasonal income, manual credit analysis, title review for all liens and judgements, flood and hazard insurance and full Appraisal review. Including quality control analysis through various software.

• Financial Statement and cash flow analysis & all types of complex income structures

• Analyze loans within delegated credit authority to $3M to portfolio guidelines and credit policy

• Identify alternative loan structure

• Vesting Knowledge for properties held in Trusts and LLC’s

• High Proficiency in Excel and Microsoft office suite

• 25+ years of mortgage operations experience, inclusive of sales, credit, processing, closing and post- closing.

• Responsible for reviewing, analyzing, underwriting, evaluating, and approving and denying consumer mortgage residential applications in accordance with company guidelines, business and credit standards, and applicable laws and regulations

• Experience managing relationships with Financial Advisors/Private Bankers/Realtors/ Inter departmental Roles, including legal, compliance. Operations and Underwriting. COMMUNICATION

• Extraordinary client service aptitude, success building relationships to achieve business goals, providing an excellent client experience and partnering throughout company fulfillment teams.

• Meticulous follow up and follow through with client, Realtor, Loan Officer, Wealth Managers and Private Bankers, Underwriters, Funding, Post Closing

• Complete understanding of client retention and potential for growth of resources throughout mortgage process.

• Maintains company service levels and turn-times

• Independent management of pipeline and priorities. GENERAL KNOWLEDGE BASE

• Loan Origination

• Real Estate Sales

• Good Judgement and decision-making skills, utilizes research approach to unusual underwriting situations.

• Ability to present complex situations in succinct and comprehensive summary with solutions to leadership and management.

• Senior Level Corporate Operations Management including loan sale, warehousing, origination, underwriting, compliance, Quality Control.

• Complete understanding of federal regulations and compliance guidelines. NMLS license.

• Works with management to produce high quality loan product and offer suggestions for improvement or streamlined processes.

• Development of Technology to create efficiency and client streamline experience.

• Encompass, Open/close, Point and other software. Ability to learn and understand mortgage software quickly.

• Training and Leadership for processors and loan officers 3

Experience

High Net Worth Jumbo Underwriter CrossCountry Mortgage 08/2022 to 10/2022

• $3M signing authority

• Review and analyze credit, cash flow, assets High Net Worth Clients

• Multi-Level income and cash flow stream analysis.

• Full Manual file responsibility, Credit, Assets, Income, Title, Insurance and appraisal review.

• Second lien programs

HIGH NET WORTH UNDERWRITER UBS/SITUS CONSULTING 06/2021 - 06/2022

• Mortgage Banking- Wealth Management Underwriter UW authority to $2.75M

• Review and analyze credit, income, assets, insurance, title and appraisal for high quality jumbo residential mortgages

• Provide written summary of loan findings which summarize loan characteristics for income, assets and credit and overall quality of transaction. Document and justify all exceptions to guidelines.

• Analyze multi-income streams of complex self-employment (all income types), trusts, and employment income, bank statemen

• Asset depletion, including current analysis of current profit and loss statements. SENIOR UNDERWRITER WALLCK & VOLK 07/2020 – 06/2021

• Jumbo Underwriting authority to $3M Jumbo

• FHA DE with multiple state DPA authorities

• Retail Branch underwriter, rapid alternative solutions to save deals

• 100+ loan pipeline monthly

• FNMA, Freddie

• Manual credit, asset, income, insurance, title and appraisal review.

• DAP programs.

• Second lien programs

SENIOR UNDERWRITER SITUS 06/2017 – 07/2020

• Jumbo Prime and Non-QM Mortgage Loans UW authority to $3M

• TRID Compliance

• 70+ loan monthly pipeline

• Complex Income, Trust, S Corporation, C Corporation and Partnerships

• Responsible for reviewing, analyzing, underwriting, evaluating, and approving and denying consumer mortgage residential applications in accordance with company guidelines, business and credit standards, and 4

applicable laws and regulations

SENIOR UNDERWRITER ANALYST Fortace LLC 07/2010 to 06/2017

• Closed Loan Portfolio underwriting, Complex Income, compliance for repurchase demand and litigation

• Bankruptcy and loan modification diligence

• Provide Claim response for litigation purposes supporting loan decision with analysis and documentation

• Red Flag analysis for misrepresentation

• Responsible for reviewing, analyzing, underwriting, evaluating, and approving and denying consumer mortgage residential applications in accordance with company guidelines, business and credit standards, and applicable laws and regulations

OPERATIONS MANAGER CAMBRIDGE FUNDING GROUP 12/2007 TO 12/2009

• Final signing authority for underwriting Jumbo, FHA, FNMA/responsible for reviewing, analyzing, underwriting, evaluating and approving or denying consumer mortgage residential applications in accordance with investor guidelines.

• Repurchase negotiation and analysis

• Warehouse line management

• Training on all products and guidelines.

• All compliance reporting HMDA, FHA and all state licenses

• Manager and Oversight on all departments: loan officers, processors, underwriters, funders and shipping.

EXECUTIVE VICE PRESIDENT OPERATIONS OLD TOWNE FINANCIAL INC 01/1991 TO 12/2007

• Final Signing authority for all loans. Responsible for responsible for reviewing, analyzing, underwriting, evaluating and approving or denying consumer mortgage residential applications in accordance with investor guidelines.

• Loan product design and underwriter training in product

• Repurchase negotiation and management

• Warehouse line management

• Oversight all departments final decision Loan Origination, Underwriting, Legal Documents, Funding, Shipping, Compliance and contracts.

• Loan software maintenance and production flow design

• 75+ employees

MANAGER MERGES AND ACQUISITIONS GENEVA COMPANY 10/88 TO 10/1990

• Historical Financial analysis privately held corporations, income projection for future growth.

• Research and application of industry future trends on financial health

• Valuation of privately held corporation for purchase

• Financial report preparation for purchase analysis and marketing

• Client satisfaction and client maintenance throughout valuation and sale. 5

MONEY MANAGEMENT SMITH BARNEY & WADDELL & REED 05/89 to 01/1991

• Series 7

• Client Money Management

TAX SUPERVISOR ARTHUR YOUNG 10/83 TO 10/88

• Trust, Partnership, Corporate and Individual Tax preparation

• Financial accruals for book to tax adjustments after audit

• Tax Law Research, all tax entity types, opinion letters to IRS

• Consulting advice for Trusts, Corporations and Partnerships for tax advantaged contracts and tax planning

• Complex financial analysis

• Capital Gain/Loss and carryover analysis

6

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