Mortgage Underwriting

Kennedy ABANDE

Los Angeles, CA ***** 404-***-**** **********@*****.***

Professional Summary

Experienced Mortgage Underwriter with 3 years solid and diverse experience in mortgage underwriting. Innovative, strategic thinker when performing Credit & Income Analysis, Cash-Flow Analysis, Risk Assessment, calculated Loan-to-Value Ratios and Debt-to-Income Ratios for Conventional loans. Enthusiastic and reliable with recognized ability to achieve organizational goals while displaying effective multi-tasking and time management skills. Comprehensive knowledge of underwriting guidelines and the primary market. Skilled in Microsoft Excel, Customer Service, Microsoft Word, Communication, and Strategic Planning

Skills

●Proven analytical and organizational skills and demonstrated ability to prioritize and multi-task.

●Strong people skills with ability to communicate effectively, provide peer coaching with impact & influence.

●Ability to review Condo/PUD projects to ensure they meet salable or non-warrantable guidelines

●Strong analytical and decision making/problem solving skills.

●Experience with LOS Encompass.

●Knowledge of Fair Housing Regulations.

●Strong management and organizational skills; good judgment and decision making.

●Have a proven high level of Mortgage Underwriting Credit Skills with good commercial awareness.

●Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.

●Excellent interpersonal, leadership, analytical and problem-solving skills including Excel.

●Detail-oriented, motivated and function well in a team environment.

●Ability to meet production, quality, and service standards along with providing direct coaching and feedback to ensure quality.

●Strong knowledge of unique property vesting i.e., trusts and LLCs.

●Basic knowledge of mortgage credit processing and underwriting.

●Proven ability to perform quality work while maintaining productivity and compliance standard.

●Ability to effectively make decisions in an independent manner and availability as a resource advisor for all staff.

●Very good knowledge of mortgage credit processing and underwriting.

●Experience with identifying operational risks and developing mitigating controls desired.

Education

Bachelor’s degree: Banking and Finance, 12/2012

University of Buea - Cameroon

Work History

Primary Residential Mortgage, Inc – Mortgage Underwriter

Baltimore, MD (Nov 2018 – Nov 2020)

●Diligently review credit, income, and assets documentation to determine borrower’s credit worthiness and repayment ability.

●Review property appraisal report to ensure value of property is accurately presented.

●Performs a thorough analysis to ensure the quality of each loan and to determine compliance with Company and Investor guidelines.

●Review more complex loans, including but not limited to self-employed borrowers. Analyze business tax returns and calculate qualifying income.

● Performs a thorough analysis of collateral to ensure property meets investor guidelines and the appraisal quality and completeness is acceptable.

●Applies and interprets company underwriting guidelines and makes sound credit decision.

●Reviews and evaluates credit information on mortgage loan documents to determine acceptability for specific loan programs.

●Reviews and clears underwriting conditions, stipulations or pre-funding requirements received.

●Apply all internal underwriting guidelines, investor requirements and federal regulations to the decision process to ensure loan quality.

●Works collaboratively with team members (i.e., loan officers, loan processors, closing, post-closing and managers) to drive quality deals to successful funding.

●Assists departmental support staff when necessary.

●Resolves and responds to post closing credit exceptions received from investors and auditors when required on loans underwritten.

●Maintains ongoing knowledge of investor guidelines, updates, and trends as applicable to underwriting position.

●Completes second signature underwriting review on loan files underwritten by junior underwriters and within designated authority as needed.

●Keep up to date on agency/non-agency guidelines and internal policy and procedures.

●Underwrite 2-3 new files a day in addition to reviewing files for conditions and clear to close.

Sistar Mortgage Inc – Mortgage Underwriter

Sterling Heights, MI (0ct 2017 – Oct 2018)

●Analyzed loan applications to identify any risk issues and/or potential misrepresentation.

● Determined validity of the credit and collateral loan package by calculating income; verifying employment history, customer assets, funds to close and reserves; reviewing property appraisals, etc., by examining all supporting documentation.

● Corresponded with appropriate parties to obtain outstanding documentation to complete requirements as needed.

● Analyzed and reviewed incoming purchases and refinance conventional loans for completeness and accuracy.

● Reviewed loan files to ensure they meet all the conditions and implemented the loan agency guidelines.

● Analyzed documentation such as credit reports, income, taxes, assets, and appraisals to ensure information listed in the Uniform Residential Loan Application (URLA/1003/65) is accurate.

● Responsible for the analysis of submitted files for repayment capacity, capital/assets, character, collateral, and property condition, while adhering to credit policies and investor/ agency guidelines.

● Maintained compliance with agency, underwriting and government requirements.

● Analyzed and calculates income documentation such as personal and business income statements and ensures all necessary documentation is requested to support final loan decisions

● Communicated with team members, loan processors, loan originators and management throughout all phases of the underwriting process.

● Suggested solutions/alternatives for borrower to fit a specific loan program.

● Maintained an up to date and sound knowledge of current underwriting guidelines

● Reviewed and evaluated borrower(s) profile (income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents and appraisals etc.)

● Made quality underwriting decisions while maintaining turn-time expectations

● Provided quick and accurate answers on multiple loan projects.

Ecobank Cameroon – Bank Teller

Douala, Cameroon (Jan 2013 – Sept 2015)

●Receive and count working cash at beginning of shift.

●Accept cash and checks for deposit and check accuracy of deposit slip.

●Process cash withdrawals

●Perform specialized tasks such as preparing cashier's checks, personal money orders, issuing traveler's checks and exchanging foreign currency.

●Perform services for customers such as ordering bank cards and checks.

●Receive and verify loan payments, mortgage payments and utility bill payments.

●Record all transactions promptly, accurately and in compliance with bank procedures.

●Balance currency, cash and checks in cash drawer at end of each shift.

●Answer inquiries regarding checking and savings accounts and other bank related products.

●Attempt to resolve issues and problems with customer's accounts.

●Initiate and open new accounts.

●Explain, advise on, and promote bank products and services to customers.

●Identify referral opportunities and make relevant referrals.

●Ensure compliance with all internal controls and established policies and procedures.

Additional Information

Work Authorization: Green Card

Contact this candidate