Underwriter Assurance Analyst

JACK GRAY, *********@*****.***, 859-***-****

SUMMARY

Mortgage underwriting/risk assessment skills of more than seven years, handled both conventional, FHA/VA and USDA mortgages.

Reviewed all loan documentation to determine the economic health of the mortgage loan applicants.

Experienced in quality control, auditing files from end to end and adhering to strict deadlines.

Audited files to verify reserve amounts, income, borrower's financial activity.

Extensive customer service skills, problem resolution skills, and excellent communication skills.

Supervisory experience for more than three years.

Experienced in collateral and self-employment income analysis, personal and corporate tax returns.

Used AGI and SAM Methods in determining allowable incomes for Personal and Business returns.

Non-conforming underwriting skills for the Super Jumbo and Non-QM loan transactions.

SKILLS

MS Office.

EXPERIENCE

First Savings Bank Aug 2020-Nov 2020

Conventional Underwriter III

Underwrote Conventional loan files for a private client, Retail and Wholesale

Utilized my experience to get through the loan files

Worked from home

Learned a new LOS system to underwrite files within

Pipeline of $4B on my last day

Underwrote three new files a day and averaged seventeen resubmissions per day

Belflex Staffing Jun 2019 – Sep 2019

Client: Mommotome

Quality Assurance Analyst

Locate inventory in the system via Part Number.

Once stock is located, separate stock via "Lot number."

Check each device for the expiration date. If expired, scrap out of inventory.

Pass out the shipping cartons, labels and spacers to the team.

Mark out the label on the old boxes and discard properly.

Check the label to confirm if web address is present.

Some orders receive instruction booklets and a letter.

Stack the "reboxed" parts on skids and release.

Ascendum Solutions, Cincinnati, OH Apr 2018 - Jun 2018

Conventional Underwriter

Underwrote conventional loan files for purchase and refinance transactions.

Reviewed Income, assets, Tax returns, Bank Statements, Rental contracts.

Reviewed AUS findings from DU and LP Underwriting Guidelines.

Conditioned the files for missing documentation.

Checked for accuracy on the Loan Application.

Reviewed title policy and the vesting to what's currently recorded at courthouse.

Uploaded Income Calculator to system and updated income.

Reviewed Purchase Contracts for dates, all owners and seller's signatures and EMD cleared.

Reviewed files to ensure all information is accurate and in compliance.

Reliance First Capital, Cincinnati, OH Oct 2016 - Jul 2017

Conventional Underwriter

Underwrote Client and FHLMC refinance transactions.

Knowledge of Conventional mortgage guidelines.

Reviewed initial stipulations on file as added to pipeline within 24 hours of receipt.

Reviewed data provided by the 4506T and Data Verify against documentation provided to ensure compliance and accuracy of qualifying calculations.

Approved outstanding conditions as they were provided via the branches to the appropriate files.

Ensured all files, stipulations and documents met agency guidelines.

Maintained 24 hour turn times on initial underwrites (2 per day minimum).

Completed income calculations on income worksheet for simple income and complex income.

Reviewed tax returns and tax transcripts to ensure that all income sources were addressed.

Completed the Liquidity tests for 1120S and 1065 self-employed borrowers.

Performed rental income calculations.

Ran the final AUS and signed 1008 for secondary market.

Responded to secondary market if there are questions that need to be resolved prior to selling the files.

US Bank, Cincinnati, OH Jun 2014 - Oct 2016

Direct Lending/Underwriter III

Started as a contract underwriter with US Bank; hired as an Underwriter in December 2014.

Reviewed files for first or second mortgages including Fannie Mae and Freddie Mac.

Reviewed the credit report and application for residency and critical information.

Reviewed application for ownership, fraud and consumer relationship to US Bank.

Referred to Innovis and Lexis Nexus for deeper reviews for property ownership of subject or secondary property.

Set up the files for underwriting if the borrowers are doing a SIMO or first and second transaction.

Investigated the title report for ownership, delinquent taxes and review for Trust verbiage on title.

Reviewed the trust documents per state regulations and US Bank policy and procedures.

Calculated income primarily for Self-employed, S-Corp, Rental, Corporation and salaried borrowers.

Income was completed on Income Worksheet, owned by US Bank.

Completed on average ten files a day for initial credit decision depending on the need of the day.

Reviewed the collateral for ownership, acreage and "As-Is" condition. Turndown file if the subject was deemed, "Subject To" completion or repairs.

All closed loans were in portfolio. Portfolio has $30M to date and no delinquencies or charge offs present.

Reviewed and worked on Non-QM loan files daily

2015 Quality score the year was 86.8%. First quarter quality results are 89.4%.

Default Management (Contract Assignment) Oct 2014 - Dec 2014

Responsibilities included reviewing the application, credit, income and assets.

Set up the file for the income to be calculated and decide which income method to use.

Created and executed the Waterfall with the income and debts from the application.

Contract Underwriter Jun 2014 - Sep 2014

Reviewed Conventional and FHA/VA mortgage loans for accuracy of information and documentation.

Reviewed the credit report for open trade lines of more than 12 months, late payments, Public Records, and the tendency to repay obligations in a timely manner.

Reviewed the LP Feedback to match the loan documents in the file.

Calculated W2, Rental and Self-employed borrowers.

Reviewed the file for Large and unusual deposits on the asset statements.

Underwrote the loan files to Freddie Mac Guidelines.

Ordered the Fraud Report and Mortgage Insurance with the required coverage.

Reviewed the collateral to meet industry and bank guidelines.

Completed the Appraisal Worksheets to comply with Dodd-Frank legislation.

Cleared conditions on the file to proceed to closing.

Referred a file to AML Division, borrower was from a country that was on watch list.

Bank of America, Cincinnati, OH Mar 2013 - Oct 2013

Conventional Underwriter III

Reviewed mortgage loan documents for ownership and date of expiration.

All files were manually underwritten to Bank of America guidelines.

Calculated income for self-employed borrowers.

Calculated Partnership, Corporation and S-Corp business income.

Determined if large deposits were present on bank statements and if the deposits fit the profile.

Reviewed the collateral to industry guidelines. Checked if the property was in a disaster area.

Signed off on loan documents to satisfy outstanding conditions pertaining to the loan file.

Digitally sign off on the Final Loan Transmittal and upload it to the Virtual Loan File.

Signature Authority of $1M.; Safe Act Registered; NMLS #1044985.

Obtained more than 30 Certifications, Online and Instructor led.

Identified fraud on a $255,000.00 mortgage loan.

Analyzed customer bank account transactions to detect suspicious activity and unusual deposits and make decisions on the profile of the customer.

Tata Consultancy Services, Milford, OH Oct 2009 - Feb 2013

Client: Citi Mortgage BPO

Quality Control Underwriter III

Reviewed all loan documentation to determine the economic health of the mortgage loan applicants.

Was responsible for suspending files for documentation deficiencies both hard coded, freeform or internal guidelines and overlays.

Audited files to verify if the correct reverse amount was met according to guidelines, condition files with the correct amount of asset reserves.

Verified the file is not short funds to close if funds are needed to close the transaction.

Verified the file does not reflect a large and unusual deposit that does not fit the borrower's profile.

Verified all pages of the Note and Security Instrument.

Conducted verifications of Income within 10 days of the Note date. For the Income Verifications provided by the Work Number or other approved automated income verifying sources, the date within 30 days of closing date.

Verified all Name and Address discrepancies and a signed letter from the borrower explaining the discrepancies in detail.

Ultra-High Risk Reviews.

Recalculated Income, Assets, and Liabilities to meet Fannie and Freddie Guidelines.

Rental Income / Self-Employment Income recalculations to meet Fannie / Freddie.

Reconditioned the file for missing documentation to be provided.

Re-evaluated the AUS Findings to ensure the property type matched the collateral.

Verified the EMD on the Purchase Contract matched the Final HUD-1.

Set forth corrective action in order to purchase loan files.

.

EDUCATION

High School Diploma

University of Kentucky, Lexington, KY

Certifications:

White Belt Certification in Lean Six Sigma, Feb 2014.

DU/LP Certification, May 1999.

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