Loan Processing High Volume
Resume:
SARAH BRAKE
Allen Park, MI *****
Phone: 313-***-****
Email: ***************@*****.*** / *****************@*****.*** Professional Summary:
Detail-oriented team player with strong organizational skills and over 20 years of experience. Ability to handle multiple projects simultaneously with a high degree of accuracy. I possess a deep understanding of how best to complete a credit analysis and ensure a compliant loan origination, a simple and easy process all the way to closing. Offers great time management and task prioritization skills. Highly skilled at high volume pipelines with over 96% closing average per month Summary of Skills:
● Extensive computer knowledge in
Encompass, Calyx Point, etc
● Income Calculations
● Underwriting guidelines
● Debt-to-Income Ratios
● Risk Assessment
● Organization & Time Management
● Fraud Detection & Verification
● Appraisal review
● Credit analysis
● Collateral Valuation
● Analytical and Critical Thinking
● Oral and Written Comprehension
● Loan Processing Coordination
● Automated Underwriting System
(AUS) including
DU/DO/LPA/GUS/VA Portal etc
● Wholesale and Retail Experience
both
Work Experience
CONVENTIONAL UNDERWRITER I
United Wholesale Mortgage Sept. 2023 - Present
● Elevated the company''s reputation for sound lending decisions by adhering strictly to all regulatory requirements during the underwriting process.
● Continuously sought out opportunities for professional development, staying current with industry best practices and enhancing overall job performance.
● Enhanced loan processing efficiency by implementing streamlined underwriting processes.
● Streamlined application review process, reducing turnaround time without sacrificing accuracy or quality.
● Supported the growth of the mortgage portfolio by accurately assessing borrower eligibility for conventional loans.
● Coordinated with team members to address and resolve complex underwriting scenarios, fostering a collaborative work environment.
● Reduced risk exposure by conducting thorough credit analysis and documentation reviews.
● Leveraged strong analytical skills to identify potential red flags within applicants'' financial profiles, mitigating risk for the organization.
● Cultivated positive relationships with third-party vendors such as appraisers and title companies to facilitate smooth transactions for clients.
● Implemented strategies for minimizing default rates through rigorous evaluation of applicants'' financial histories and employment stability.
● Contributed to overall team success by consistently meeting or exceeding monthly production goals.
● Approved or denied loans based on established criteria and underwriting guidelines.
● Analyzed and verified applicant income, assets and credit history to support compliance with underwriting guidelines.
● Determine credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
● Reviewed appraisals and title documents to verify accuracy and completeness.
● Collaborated with loan officers and processors to obtain additional information and resolve discrepancies.
● Worked with processing team members to communicate errors and obtain missing information for current applications.
● Evaluated loan applications, determining creditworthiness, assessing risk and establishing loan conditions.
● Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
● Created and implemented underwriting procedures and strategies to accurately and efficiently process loan applications.
● Evaluated loan requests and documents to verify accuracy and completeness.
● Assessed loan portfolios for compliance with underwriting policies. Senior Loan Processing Manager/Senior Loan Processor Elite Home Funding (hybrid/remote position) May 2023 - Sept 2023
● Spearheaded initiatives to increase customer satisfaction by improving communication throughout the loan process.
● Streamlined document management processes, reducing paperwork and increasing overall organizational efficiency.
● Continuously evaluated and updated department policies to ensure efficient mortgage processing, compliance with regulations, and industry best practices.
● Supervised the completion of accurate loan disclosures within required timeframes, ensuring compliance with regulatory requirements.
● Served as a liaison between the mortgage processing team and other departments, fostering collaboration to achieve company goals.
● Managed a high-volume pipeline of loans while maintaining strict attention to detail and prioritizing tasks effectively.
● Collaborated with sales teams to develop effective strategies for increasing loan application volume.
● Managed a team of mortgage processors, ensuring accuracy and timeliness in all stages of the loan process.
● Coordinated with underwriting teams to expedite loan approvals and meet closing deadlines consistently. Senior Loan Processor/Processing team lead
Annie Mac Home Mortgage (remote position) Nov 2021 - February 2022
● Responsible for examining loan documentation for accuracy/completeness and ensure while working on this, I communicated clearly & promptly with loan originators and production staff members
● Review of income/appraisals/credit & all other file risk factors and made a decision based on that review
● Ability to multitask and succeed in a high-level high stress work environment and always remain levelheaded/calm and concise
● Maintained meticulous attention to detail in both the processing/underwriting of a file, making sure that I fully evaluated the financial strength of a borrower to determine the risk & repayment capacity for them
● Had and demonstrated sense of urgency to ensure all contingency and closing dates were met on time without extensions
● Has expert TRID/RESPA timeline knowledge and execution of all needed & necessary disclosures throughout the loan process
Underwriting Associate/Mortgage Consultant
Guaranteed Rate (remote position) June 2019 - Oct 2021
● Was promoted within a year to underwriting as my skills & expert knowledge were recognized immediately
● Responsible for examining loan documentation for accuracy/completeness and ensure while working on this, I communicated clearly & promptly with loan originators and production staff members
● Review of income/appraisals/credit & all other file risk factors and made a decision based on that review
● Ability to multitask and succeed in a high-level high stress work environment and always remain levelheaded/calm and concise
● Responsible for verifying conditions, clearing conditions and issuing changes to the loan terms on a file
● Full understanding and expertise in title review and clearance of vesting issues, liens, judgment liens and many other title issues
● Leveraged knowledge of all agency and non-agency loan programs/products in an effort to occasionally help a Loan Officer/Processor to restructure a file according to guidelines
● Achieved record breaking closing months every month in my division (always top 3)
● Maintained meticulous attention to detail in both the processing/underwriting of a file, making sure that I fully evaluated the financial strength of a borrower to determine the risk & repayment capacity for them Sr Loan Processor/Processing Team Lead
Premier Processing LLC (Remote Position) May 2017 - June 2019
● Managed 8 - 10 Brokers/Loan officer's pipelines each with an average pipeline of 15-30 files at one time making my average monthly pipeline 60-75 a month with a 96% closing percentage each month
● Managed multiple lender sites, also very easily adapt to any computer system or software necessary
● Consistently closed upwards of 70+ loans a month
● Maintained communication throughout the process with realtor referral partners, title companies, AMC, borrowers, as well as all third party companies involved
● Worked remotely & continuously maintained the most in volume & production
● Consistently had less than 4 conditions on files out of initial underwriting approval
● Always made closing dates per purchase agreements never missed one or never missed any contingency dates
● Collected, maintained, and updated financial loan databases of up to more than 60 closings a month but with the ability to maintain a continuous pipeline of 60-75 mortgage loans simultaneously
● Evaluated mortgage loan risk based on sound underwriting decisions.
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