Resume

Sign in

Loan Service

Location:
Lewisville, Texas, 75067, United States
Posted:
September 30, 2019

Contact this candidate

Resume:

Wanda Carter

adahkk@r.postjobfree.com

817-***-****

Professional Summary History

I have more than 10 years of underwriting experience, I can complete a full conventional underwrite; with experience in VA/FHA Underwriting process and guidelines. Responsible for analyzing collateral appraisals to determine the value was supported and meets property standards

Responsible for adding conditions that comply with investor guidelines, Lender Overlays, and communicate with post/closing for missing items, for purchases, rate and term and cash out refinanced loans.

Responsible for clearing daily conditions, able to communicate with Processors, AEs & other internal staff regarding the status of approvals, counters and or suspended files. Able to calculate various types of income sources, self-employed, wage earner, partnership corporation’s & rental income, etc.

Experience

Negotiator January 2017 - Current

CoreLogic Property Tax

Experience

Senior Credit Underwriter April, 2015 – January 2017

Penny Mac Mortgage- Fort Worth, TX

Underwrite mortgage loan files in compliance with VA underwriting guidelines and state and federal reporting guidelines

Underwrite VA IRRRL, Conventional, FHA and Streamline according the investor guidelines

Underwrite 5-7 loans per day.

Committed to keeping lender guidelines and pre-established goals for turn times on the initial borrower file and condition reviews.

Income calculations include, but not limited to w2, and self-employment borrowers with ownership > than 25% of Partnerships and Corporations.

Verified all documentation associated with mortgage originations

Effectively communicated required conditions to loan processors and account executives

Assisted with expediting final approval of files Promptly and accurately examined files within specified service level objectives to issue preapprovals, declines, counter offers and final approval

Forensic Underwriter January 2013 – April 2015

RECOVCO Mortgage- Irving, TX

Responsible for auditing files for legal liabilities for the Lender concerning misrepresentations of income, employment and unreported properties on credit report not listed on1003 application

Executed tax research audits for escrow calculations

Required to perform tax research audits for property values and tax assessments for current and previous years to complete underwriting audit

Conducted closed mortgage loan audits for eligibility according to DU guidelines as defined by contract

Performed forensic re-underwrite of defaulted loans utilizing available tools and processes

Identified transaction components which indicated underwriting deficiencies, misrepresentation and fraud

Performed risk analysis regarding underwriting deficiencies identified during the review process

Origination Underwriter January 2012 – January 2013

Gen Pact Mortgage- Irving, TX

Communicated loan decisions to internal customers

Determined eligibility of borrowers based on credit and DU findings

Corresponded with loan consultants to ensure customers received exceptional service

Executed underwriting decisions based on conventional, full doc, harp and harp refinance guidelines

Determined underwriting decisions based on Fannie and Freddie guidelines

Responded to post-closing, insuring all audit reviews were executed on time

February 2010- January 2012

Corelogic - Bank of America Project- West Lake, TX

Communicated loan decisions to customers and determined eligibility of borrowers based on credit findings

Interacted with loan consultants to ensure the customer received superior service and the best product available

Maintained a firm knowledge of automated underwriting systems

Determined underwriting decisions based on Conventional, HARP, and HARP REFI Plus guidelines

Completed thorough analysis of loan files to determine compliance with company, investor and FHA/VA guidelines

Determined underwriting decisions on Freddie and Fannie guidelines

Origination Underwriter February 2009- January 2010

JP Morgan Chase- Irving, TX

Communicated loan decisions to customers and determined eligibility of borrowers based on credit findings

Interacted with loan consultants to ensure the customer received superior service and the best product available

Maintained a firm knowledge of automated underwriting systems

Determined underwriting decisions based on Conventional, HARP, and HARP REFI Plus guidelines

Completed thorough analysis of loan files to determine compliance with company, investor and FHA/VA guidelines

Determined underwriting decisions on Freddie and Fannie guidelines

OPTION ONE MORTGAGE

Servicing Underwriter/Short-sale/DIL

January 2007- February, 2009

Responsible for underwriting loan modifications, for new borrowers

Counsel and coach borrowers to discover what caused their financial hardship and reviewed their plan to resolve their delinquency Completed workout package over the phone with customer and sent weekly spreadsheet to Manager of closings Underwrote Post Closed loans to uncover possible fraud for buyer

Responsible for managing a non-performing portfolio in default servicing

Reviewed the financial package, (hardship letter, paystubs, tax returns, credit report, and monthly financial obligations to determine their debt to income ratio If the DTI reveals an excessive negative income or no income, then a possible short-sale or deed in lieu would be offered to the borrower. Primary responsibility is to Manage Realtors, to prepare listing agreements, sales contracts, and have title companies to prepare Estimated Hud 1 Settlement Statements for my approval of projected closing date. Prepared weekly report of portfolio of 220-275 minimum loans in pipeline.

DU/LP - Underwriting

Collateral -DU (Appraisal Review)

11 years UW experience

Credit risk auditing

7 years post-closing audits

2 years forensic audits

2 years Harp UW

Ditech

Eagle 1

Excel

Power Point

MSP

Word

Typing 60-wpm

Encompass

Brain

10 Key by touch

Education

Franklin D. Roosevelt High School- Dallas, TX

High School Diploma

Real Estate Sales - Licensed in State of Texas - 2002 – (not currently active)

Executive Secretarial – Legal Specialist

Trade School – Dallas Texas



Contact this candidate