Mortgage Underwriter Loan Processor

Ernest Ngipe

240-***-**** **********@*****.***

DC METRO AREA

MORTGAGE UNDERWRITER

Expert in Conventional and Jumbo Loan

I am a united states soldier .Hardworking and dedicated mortgage underwriter with strength for income/credit analysis and documentation review and known for timely and accurately completion of loan files. Underwriting loan files to the guidelines of FNMA, FHLMC and fair lending guidelines.

EDUCATION

● High school Diploma

SKILLS

●Encompass

●Lending and underwriting guidelines

●Risk assessment

●Credit and income analysis

●Conventional & Government Mortgages

●Loan-to-Value Ratios (LTV)

●Loan Closing

●Conforming and non-Confirming Loans

●Cash-Flow Analysis

●Debt-to-Income Ratios (DTI)

●Microsoft word

Microsoft Excel

PROFESSIONAL MORTGAGE UNDERWRITING EXPIRIENCE

TD BANK CA

MORTGAGE UNDERWRITER MAY 2019 to Present

Underwrite residential mortgage loans in accordance with Jumbo, FNMA, FHA, and VA internal guidelines ensuring compliance with company and investor standards.

Review and analyze borrower profiles, credit reports, title reports, income documentation and assets, including complex business returns and financials.

Analyze loan-to-value ratio, debt-to-income ratio, credit report, application, income and asset documentation, appraisal, etc., to ensure that each loan meets secondary market, investor, and company standards.

Demonstrates proficiency in automated underwriting systems (DU, LP).

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.

Make sure the appraisal meets the investor guidelines and supports value.

Experienced in income calculation for W2 Wage earners and self-employed borrowers.

Carry 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 documentation on mortgage loans, home equity loans, and home equity lines of credit to determine if borrower and/or property meets prescribed loan standards.

Underwrites mortgage loan applications and evaluates loans to maximize organizational profit and minimize risk or loss.

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

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

Maintains 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.

Manage loans by using all functions of Encompass.

Hands on experience on confirming Loans and non-confirming loans.

Escalates fraud files to Risk Management department.

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

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

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

Communicate clearly with loan processing staff and loan officers to procure appropriate information necessary to finalize incomplete loan packages.

BANK OF AMERICA JAN 2017 TO MAY 2019

LOAN PROCESSOR / JUNIOR MORTGAGE UNDERWRITER

●Gathering information for the loan application and summiting to the underwriter

●Evaluating credit histories for applications.

●Collecting data from clients such as their assets, salaries, debts, and employment status to fill in information for the loan application.

●Calculating income and performing initial underwriting.

●Researching and correcting mistakes in applications to ease the work of the underwriter.

●Reviewing file documentation for missing or erroneous information

●Assisting loan officer with request and needed to complete and process loan applications

●Follow up with Appraisal to make sure they are delivered to the underwriter in a timely manner.

TECHNOLOGIES

Calyx Point and Point Central, DU and LP systems, MS Word and Excel, Microsoft outlook, Encompass, Empower, Microsoft word, Microsoft Excel

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