Resume

Sign in

Mortgage Underwriter,Loan Processor

Location:
Clementon, NJ
Posted:
August 10, 2021

Contact this candidate

Resume:

CARINE C WENYI

MORTGAGE UNDERWRITER

Address: New Jersey, USA

Contact Number: 856-***-****

Email address: adn4e5@r.postjobfree.com

PROFESSIONAL SUMMARY

Experienced, innovative,result oriented and enthusiastic underwriter, eager to contribute to team success through hard work, attention to details and excellent organizational skills.

SKILL SET

4 years progressive experience as a mortgage underwriter professional.

Deep understanding of conventional and government mortgages, cash flow analysis, mortgage documentations, lending and underwriting guidelines.

Profound knowledge of credit and income analysis, risk assessment, debt-to-income ratios(DTI) and loan-to-value ratios(LTV)

Strong mathematical aptitude

Hands-on experience on conforming and non-conforming loans

Superb ability to prioritize and multitask

Excellent computer skills (MS Word, Excel, PowerPoint & Outlook)

Hands on knowledge of the loan origination system (LOS) softwares Encompass and Calyx point .

Excellent mentoring, interpersonal, presentation, communication, persuasion & writing skills

Effective under pressure & open to flexible working hours

EMPLOYMENT HISTORY

BANK OF AMERICA

MORTGAGE UNDERWRITER

February 2017-Present

Key Responsibilities

●Evaluation of loan documentation to approve/deny the loan.

●Analyzing the risk involved in granting a loan to a borrower and determining whether it is acceptable to the lender.

●Frequently underwrite Conventional Loans and Jumbo loans while working on VA and FHA loans partially.

●Validating that a prospective mortgagor’s loan application adheres to the Freddie mac or Fannie Mae’s guidelines.

●Hands on experience with various fraud tools such as fraud guard and data verified. Also having hands-on experience in compliance tools such as Mavent.

●Review appraisals ensuring they meet the investor guidelines and support value.

●Income calculation for W2 Wage earners and self-employed borrowers.

●Carry out Credit analysis based on borrower’s Capital, Income/employment, Credit history and Collateral to determine the credit worthiness of a customer.

●Review and evaluate information and documentations on mortgage loans, home equity loans, and home equity lines of credit, to determine if borrower and/or property meets prescribed loan standards.

●Underwrite mortgage loan applications and evaluate loans to maximize organizational profit and minimize risk or loss.

●Working effectively with loan officers to ensure every option available is explored to find best loan programs available to the borrower.

●Evaluate the financial strength of borrowers to determine risk and repayment capacity.

●Maintain a pipeline of loan file audit/review inventory. Meet production requirements, and communicate status to management.

●Work closely with loan processors to request additional documentation where necessary.

●Manage loans by using all functions of Encompass.

●Review of legal documents to ensure accuracy and completeness.

●Forward fraud files to the Risk Management department.

●Used DU and LP to determine whether a loan meets Fannie Mae or Freddie Mac’s eligibility

BANK OF AMERICA

MORTGAGE LOAN PROCESSOR

March 2016 - February 2017

Key Responsibilities

●Working effectively with loan officers to ensure every option available is considered to find best loan programs available to the borrower.

●Request, review and verify all loan documents, such as income; Credit, appraisal, and title insurance, to ensure complete and accurate information is in the file before it is sent to underwriting.

●Obtain a letter of explanation from the borrower after verification of deposit. Verification of employment, credit report and all other documentations.

●Maintain constant communication with borrowers on status updates and/or changes to the loan and coordinate loan closing with borrowers, title companies, and loan agents.

●Resolve any customer service issues while working on FHA, VA, USDA, and Conventional loans.

EDUCATIONAL BACKGROUND

2013- BSc. Accounting and Finance

University of Dschang, Cameroon



Contact this candidate