Underwriting

JATINDER K SAHNI (Meenu)

**** ******** **** ********, ** 20111

Ph. 703-***-****

Email:************@*****.***

OBJECTIVE:

To obtain a challenging position in the company wheremy strong organizational, problem solving, excellent customer service skills & ability to deliver high volumes will be an asset for the company. Transferable Skills:Contract reviews; Applicant Tracking System (ATS), MS office suite; Customer Service; Critical Thinking; Multitasking; Ability to work under pressure; Deadline driven; FHA connection;Weblgy(VA loan guarantee portal);Active DE and SAR numbers; Government compliance documentation; excellent written and verbal communication.

EXPERIENCE:

December 2023 – Current Blue Ridge Bank ( Maxwell Capital) Senior Underwriter

● Review, analyze & make final determination on loan submissions using manual Underwriting guidelines as well as validating agency recommendations.

● Underwrite special programs

● Communicate with internal and external parties to the loan

● Provide technical support for loan system as necessary

● Review and maintain guidelines and stay up to date with all requirements.

● Proactively address Underwriting deficiencies

● Help team members with overflow

● Assist in training and mentoring of new team members

● Maintain a healthy pipeline and meet SLA requirements

● Escalate fraud files to the Credit Manager/Risk Management team. October 2012 – November 2023 Caliber Home Loans - Newrez Senior Underwriter

● Work with Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector

● Knowledge of VA, FHA, FNMA and FHLMC policies and guidelines

● Work with loans that require mortgage insurance (MI)

● FHA DE (CHUMS) and VA SAR loan underwriting

● Reviews/analyzes loan files submitted for borrowers to ensure the file meets loan program requirements. Includes individual analysis of: loan application, credit profile/report(s), debt and assets, Income/financial statements, loan values/loan-to-value ratios, appraisal reports, collateral and supporting documentation.

● Condition files for missing/supporting documentation.

● Revisit loans to review and clear conditions.

● Approve, counter or deny loan file.

● Escalate fraud files to the Credit Manager/Risk Management team.

● Respond within SLA to all loan specific audits/findings. March 2012 – September 2012 EverBank Fairfax, VA

Underwriter

● Review all items and conditions provided by borrowers and ensure they meet the required guidelines.

● Ensure that Corporate operating standards are met for underwriting and compliance for FHA, VA and Conventional Loans.

● Ensure quality control standards are met to ensure saleability of loans to investors.

● Ensure that all Federal operating standards are metand upheld.

● Monitor property appraisal process to ensure value of property is accurately presented.

● Pre-underwrite loans through use of automated and traditional (manual) processes.

● Analyze the Nonconforming and more complex loans that are submitted to the company.

● Train and mentor more junior staff.

November 2007 – March 2012 Bank of America Fairfax, VA Underwriter

● Responsible for reviewing income, asset and collateral documentation in compliance with Bank of America guidelines.

● Review FHA, VA and conventional loans.

● Assessing loan attributes and documentation for soundness and accuracy, and synthesizing data to ascertain loan viability and identify risk issues and potential fraud.

● Documenting loan conditions and communicating requirements and/or decisions.

● Reviewing, inspecting and validating complex Loan Applications for completeness, accuracy and soundness.

● Underwriting files to automated Underwriting systems“accept” status loans following established loan parameters, rules and practices.

● Receiving and responding to calls regarding Bank of America products and programs.

● Clearing conditions and readying transactions for loan closing.

● Escalating any issues that impact CLUES and updating system-status as necessary.

● Ensuring that loans are processed in accordance with Bank of America’s policies and procedures.

March 2006 – June 2007 1stMariner Mortgage Fairfax, VA Underwriter

● Analyze income documentation, collateral valuation, and borrower’s credit profile to determine & to adhere to loan program parameters.

● Evaluating debt ratio, loan-to-value ratios, credit score, property valuation and various other factors.

● Assisting in identifying, recommending and/or negotiating alternative loan requirements, funding and/or Loan-structuring solutions.

● Underwriting loans in compliance with internal and regulatory guidelines.

● Interact with brokers and account Executives to explain necessary documentation needed to ensure salability of loans in the secondary market.

● QC files to ensure loan quality for investors.

● Proficient in using numerous automated underwriting systems i.e. DU/ LP, Encompass.

● Provide outstanding customer service by promptly reviewing conditions and maintaining the 24-hour underwriting turnaround time.

April 2004 – March 2006 1stMariner Mortgage Fairfax, VA Mortgage Specialist

● Responsible for scheduling, coordinating and closing conventional, FHA & VA loans in compliance with Freddie Mac and Fannie Mae guidelines.

● Act as a liaison between Attorneys and the brokers to ensure proper channeling of loan closing process.

● Responsible for reviewing the legal & credit documentation for their accuracy.

● Responsible for accurate calculations of taxes & other escrow accounts.

● Organize & maintain a pipeline of over 200 files in a given month.

● Meeting & exceeding the standards set forth by the company by providing the best customer service while maintaining the confidentiality and accuracy of the documents. May 2003- March 2004 Washington Mutual Bank Fairfax, VA Mortgage Specialist

● Closed and funded loans for the top producing wholesale lender in the country funding about $2.1 billion, 12,000 units in a year.

● Communicate regularly with the account executive, broker, and attorneys to clear loan conditions and prepare for loan settlement.

● Generate closing docs, funding reports, and prepare loan files for the post-closing department.

● Review loan files for accuracy.

EDUCATION:

Punjab University Chandigarh, India

Masters of Philosophy in Sociology (2 Years Degree)

Masters of Sociology (2 Years Degree)

PROFICIENCIES INTERESTS AND LANGUAGES:

Proficiencies:20+ years’ Mortgage industry experience Languages:Fluent in English, Hindi & Punjabi. Conversationalin Urdu REFERENCES:Availableupon request.

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