Real Estate Mortgage Underwriter

RESUME

Ruperto Rimando

**** ****** ***., ****** ****, CA 91304

Email: *********@*********.*** Cell: 818-***-****

PROFESSIONAL SUMMARY

10+ years of experience in all aspects of loan servicing, loan review, real estate transactions, underwriting, loan processing, compliance and auditing. Familiar with Fannie Mae and Freddie Mac guidelines, Mortgage Fraud Finance, Ethics, Risk Management, Fair Housing, Encompass Mortgage Software, Salesforce Software, Microsoft Office and Excel.

PROFESSIONAL EXPERIENCE

Mortgage Underwriter 01/2021 – 04/2024

Velocity Mortgage Capital

30699 Russel Ranch Rd, Ste 295

Westlake Village, CA 91362

Reviewing, examining and underwriting commercial and residential loans to ensure soundness, business value and compliance with VMC standards.

Responsible in deciding whether to approve or deny applicant’s mortgage loans according to relevant information being provided at their loan applications or upon final review of a complete file.

Review credit report and appraisal for adherence to guidelines.

Review loan terms to ensure accuracy and completeness, as well as consistency with negotiated terms and investor guidelines.

Reviewing, evaluating and synthesizing data to ascertain loan viability and identify risk issues and potential fraud.

Evaluating debt coverage ratios, DSCR, applicant’s financial status, credit score and property evaluation to determine feasibility of granting the loan request.

Determining and documenting loan conditions and communicating requirements and/or decisions.

Consult with the Processing and Closing departments to ensure that all underwriting conditions are meet prior to closing the loan.

Review and clear all underwriting conditions prior to closing.

Performed final approvals and reviewing the entire loan file through verifications processes, including adherence to multiple investor guidelines and compliance

Review and escalate issues related to chain of title, liens, judgment etc.

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

Broker / Mortgage Underwriter 08/2015 – 01/2021

Island Pacific Realty / RRR Mortgage

Canoga Park, CA 91304

Initiated marketing activities, calls, emails, online postings, face-to-face meetings, designed to prospect for new customers.

Processed home loans from application to closing and underwrite loan files conventional and sub-prime.

Analyzing the applicant’s income and debt and pre-qualifying the borrower. Manually calculate and analyzed income using all various financials self-employed, rental and boarder income, wages, child support, SSI and tax returns and determined debt to income ratio.

Reviewed the borrower’s credit report to find evidence of debt repayment behavior past and existing mortgage, installment and revolving credit, collections, mortgage default, foreclosures and bankruptcies.

Determined the borrower’s proposed monthly housing expenses and total monthly debt obligations.

Educating the borrower or buyer in the home buying and financing process, advising the borrower about the different types of loan products available, and demonstrating how closing costs and monthly payment would vary under each product.

Confer with escrow companies, lenders, home inspectors, and pest control operators to ensure that terms and conditions of purchase agreements are met before closing dates.

Coordinate appointments to show homes to prospective buyers.

Taking information from the applicant and filling out the loan application or the purchase contract.

QA Analyst Auditor / Underwriter

Bank of America

225 W. Hillcrest Dr., Thousand Oaks, CA 03/2012 - 08/2015

Reviewed and audit loan files for completeness and accuracy, analyzing credit documents, including mortgage applications, credit history and income documents, title documents, tax returns, appraisals and all applicable compliance documents.

Conducting internal audits on loan modification operational and key process to ensure appropriate control are in place and works is being conducted according to established parameters.

Re-underwrite and issue proper disposition on conventional residential first mortgage loan files ensuring compliance with investor guidelines.

Perform income, credit, and property analysis on conventional loan files submitted within the time frame established by department management.

Perform timely reviews on conditions submitted as well as loan resubmissions and render approval or decline decision on incoming applications consistent with internal and current FNMA/FHLMC guidelines.

Manually calculate and analyzed income using all various financials self-employed, rental and boarder income, wages, child support, SSI and tax returns.

Reviewed and analyzed special conditions, loan deficiencies and exception requests to determine appropriate courses of action.

Examined loan file documentation to determine acceptability of borrowers’ credit histories, adequacy of liquid assets, and financial capacity in relation to loan requests.

Performed final approvals and reviewing the entire loan file through verifications processes, including adherence to multiple investor guidelines and compliance.

Broker / Mortgage Underwriter

Island Pacific Realty/RRR Mortgage 05/2001 – 02/2012

Canoga Park, CA 91304

Realtor Associate / Loan Officer 04/1999 – 05/2001

Imperial Mortgage and Realty

Van Nuys, CA 91402

Education: A.S. Degree - Los Angeles Pierce College- Woodland Hills CA

Licensed Real Estate Broker by the California Bureau of Real Estate

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