Patrick R Hernandez

Wauwatosa, Wisconsin, 414-***-****, adqorz@r.postjobfree.com

MORTGAGE UNDERWRITER

I have been a mortgage underwriter for close to 20 years and has been in the banking industry since 1992. I have underwritten conforming front end, wholesale and correspondent, construction, multiple family home loans. I even done some manual underwriting. I also underwritten purchase money seconds, home equity loans and line of credit as well as other consumer collateral and unsecured loans. Over the years I have inquiry numerous qualifications and skills.

Summary of Qualifications

•Highly professional mortgage underwriter offering over 20 years of experience, with the ability to analyze customer financial profile and appraisals.

•Strong financial background with consumer banking and mortgage lending experience.

•Highly analytical and meticulous, with proven history in efficiency and accuracy.

•Excellent communication, organizational, problem solving, negotiation and customer service skills.

•Sound judgment and the ability to work in high pressure situations in an office/remote setting.

•Trained of new underwriters on bank procedures, secondary market, private mortgage insurance guidelines and income/credit review.

Skills

•Proficiencies in Encompass 360 and other underwriting software (Easy Lender, Asset-wise, and ECL). Microsoft office and word and Excel.

•Knowledgeable of Fannie Mae/Freddie Mac and Rural Development guidelines.

•Scrutinized residential appraisals for subject property qualification and comparable properties for market value support.

•Analyzed the customer's ability to repay the loan by evaluating customer's income, assets, and credit.

•Reviewed and calculated personal and corporation tax returns for all self-employed borrowers.

•Experience in Fannie Mae Desktop Underwriter (DU), Freddie Max Loan Prospector (LP), Rural Development Guaranteed Underwriting System (GUS).

•Examined for accuracy on titles, flood certificates, Hud-1 satisfactions, divorce decrees.

•Maintained personal key department statistics vital for quality control of the loan application process.

Industry Experience

Better.com, New York NY May 2021 to December 2021

Senior Underwriter

-Sign Off Authority of $825,000.

-Reviewed and qualified online mortgage application for secondary market investors or bank portfolios by using the respective guidelines and regulations.

-Completed full initial reviews of conventional loans. This included reviewing all loan applications, credit reports, mortgage statements, income, assets, and purchase agreements (if applicable).

-Utilized Encompass to complete final reviews. Applied extreme attention to detail to ensure all underwriting guidelines have been met, this resulted in 0 investor deficiencies in my time working as an underwriter with Better.

-Utilized time management skills to balance the following: new initial reviews, condition reviews, final reviews, emails, meetings, and training all within the required SLA.

-Responsible for reviewing and ensuring accuracy of their work. This included providing feedback, sharing best practices, and listing any errors made with the file.

Flagstar Bank, Troy Michigan July 2020 to May 2021

Senior Underwriter

-Sign Off Authority of $1 million.

-Analyzed and evaluate retail and wholesale conventional mortgages for secondary market investors.

-Completed full initial underwrites of conventional loans. This included reviewing all loan applications, credit reports, income, and purchase agreements (if applicable). Any additional documentation uploaded at the initial submission was also reviewed. This included but was not limited to personal IDs, bank statements, title, HOI, and appraisals.

-Applied extreme attention to detail to ensure all underwriting guidelines have been met, this resulted in 0 investor deficiencies in my time working as an underwriter.

-Utilized time management skills to balance, new underwrites, senior queues, emails, phone calls, client requests, and training all within the required SLA.

CIBM Bank, Elm Grove WI July 2018 to July 2020

Mortgage and Consumer Underwriter

-Signed off authority maximum conforming mortgage limit acquired by Fannie Mae and Freddie Mac.

-$250,000 signed off authority on purchase money second and HELOC’s.

-Reviewed and evaluate mortgage as well as purchase money second applications for secondary market investors or bank portfolios by using the respective guidelines and regulations.

-Analyzed titles, flood policies and appraisals for home loans and home equity loans and lines of credit.

-Obtained and reviewed the client’s credit history and assessed client credit worthiness for first or second mortgages, consumer personal secured and unsecured loans and line of credit.

Mortgage Guaranty Insurance Corporation, Milwaukee WI February 2015 to October 2017

Mortgage Underwriter II

-Analyzed and qualified potential customers for jumbo construction and portfolio bank loans by using the respective MGIC and bank guidelines and regulations.

-Examine documents to determine degree of risk from such factors as applicant financial standing and value and condition of property.

-Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.

-Approve loans within specified limits and refer loan applications outside those limits to management for approval.

-Scrutinized residential appraisals for subject property qualification and comparable properties for market value support.

-Analyzed the customer's ability to repay the loan by evaluating customer's income, assets, and credit.

-Reviewed and calculated self-employed and corporation tax returns.

River Valley Bank, Wausau, Wisconsin October 2011 to January 2014

Mortgage Underwriter II

-Analyzed and qualified potential customers for secondary market investors or bank portfolios by using the respective guidelines and regulations.

-Scrutinized residential appraisals for subject property qualification and comparable properties for market value support.

-Experience in run and review Fannie Mae Desktop Underwriter (DU), Freddie Max Loan Prospector (LP), Rural Development Guaranteed Underwriting System (GUS).

-Analyzed the customer's ability to repay the loan by evaluating customer's income, assets, and credit.

-Reviewed and calculated self-employed and corporation tax returns.

-Determined and review additional documentation required to meet guidelines of each agency.

-Examined titles, Hud-1 satisfactions, divorce decrees, flood certifications for accuracy.

Silicon Valley Staffing Group Inc Chase Bank, Milwaukee, Wisconsin July 2011 to October 2011

Loss Mitigation Specialist

-Review, research and communicate updates for loan modification complaints received by Chase Executive Office, Office of the Comptroller of the Currency, Fannie Mae, Freddie Mac and customers.

-Review the borrower for every possible workout such as Home Affordable Modification, (HAMP), Chase Home Affordable Modification (CHAMP), Business As Usual (BAU), communicating approvals and denial to the borrowers.

Bank Mutual Corporation, Milwaukee WI August 2003 to May 2011

Mortgage Underwriter

-Accurately evaluated conventional and non-conventional residential mortgages loan requests by using the respective guidelines and regulations in a timely manner.

-Approved or denied residential mortgages, home equity loans or lines, bridge loans, and residential lot loans.

-Verified all documents complying with stipulation requirements.

-Analyzed subject property appraisals for qualification and determined if the appraisal met secondary market guidelines.

-Conducted training of new underwriters on bank procedures, secondary market, private mortgage insurance guidelines and income/credit review.

-Effectively close contact with closing agents, bankers and clients applying for the loan.

Paragon Home Lending, LLC, Brookfield, Wisconsin February 2003 to August 2003

Junior Underwriter

-Reviewed titles, flood certificates, payoff letters and client applications as well as income and employment verification and other necessary stipulations for underwriter' review.

-Maintained an open line of communication between account executive, brokers, and underwriters to assure timely and accurate processing of mortgage documents.

-Became proficient in loan underwriting of potential first mortgages including review of sub-par applications, credit reports, income and property evaluation, and calculation of rates, debt to income ratio, and loan to value ratio.

-Exposure to Asset-wise software program and Microsoft Word and Excel.

Bank One Loan Center, Menomonee Falls, Wisconsin August 1996 to February 2003

Consumer Loan Underwriter

-Reviewed and approved loan applications originating from bank loan department.

-Interfaced with clients over the phone and provided a source of information regarding loan products.

-Obtained critical client financial information and assessed client credit worthiness for underwriting various consumer loans: secondary mortgage loans and lines, personal loans, and secure loans.

-Reviewed client’s assets and income documentation.

-Advised clients on strategies for loan optimization.

-Maintained department statistics vital for quality control of the loan application process.

-Trained new Consumer Loan Representatives.

Milwaukee Metropolitan Credit Union, Milwaukee, Wisconsin January 1992 to August 1996

Credit Advisor

-Originated and processed credit union members home equity, secure and unsecured loans.

-Reviewed titles and flood policies as well as appraisals for home loans and lines of credit.

-Opened and maintained various types of client accounts and advised clients on various bank products.

-Trained new loan officers and other bank employees.

-Acted as back-up supervisor when needed.

Education

Northland College, Ashland, WI

Bachelor of Arts in Organizational Management

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