Mortgage Underwriter Processing Partners

MICHAEL SHERMAN

Allentown, PA ***** 262-***-****

www.linkedin.com/in/Michael-D-Sherman05

************@*****.***

UNDERWRITER AND CREDIT ANALYST

Top rated producer

Track record of success as an innova ve and results-oriented Underwriter, primarily with JPMorgan Chase & Co. Exper se in financial analysis and asset valua on. Recognized for excep onal produc vity, ranking in the top 10% of employees for increasing profitability and opera onal efficiency. Highly mo vated and dedicated team player with market savvy and excellent communica on skills. Well-versed in underwri ng rules and regula ons, using best prac ces to evaluate transac ons and assign credit risk, and proac vely solving problems. Professional and proac ve in all interac ons, excel at building rela onships with colleagues and external stakeholders. K EY S KILLS

Underwri ng/Analysis: $1.2M Lending Authority Financial Ra o Analysis Property Valua on

Credit Risk Evalua on

Technical: Microso Office DataVerify Stewart Wiz Sen nel Risk Assignment Opera onal: Policy and Procedure Improvements Underwri ng Rules and Regula ons Loan Documenta on Employee Training EXPERIENCE

JPMorgan Chase & Co., Milwaukee, WI 03/11 – 04/19 and 03/21 – 06/22 Mortgage Underwriter

Served as a Level 3 underwriter authority for agency and non-agency products with a lending authority amount of $1.2M on teams of nearly 15 colleagues.

● Selected by senior leadership and collaborated with elite, high net-worth Chase Private Clients

(min. $250K), u lizing excep onal credit analysis skills to analyze complex financial documents, exceeding business objec ves.

● Developed and implemented new opera onal policies and procedures, including income calcula ons, which improved underwriter’s process understanding and impacted customer service.

● Trained and mentored new employees pursuing their lending authority of up to $1.2M, as well as providing feedback and technical guidance to help grow careers.

● Evaluated client’s financial condi on using resources, including debt ra os, loan-to-value ra os, credit scores, and property valua ons; calculated gross monthly income from tax returns and reviewed 1099's, and investment statements.

● Quickly and effec vely resolved ques ons about financial condi ons in collabora on with processing partners including complica ons with calcula ng income, assets, and credit scenarios.

● Assigned credit risk ra ngs, recommending loans for approval a er iden fying strengths and weaknesses of proposed transac ons, including appropriate mi ga ng factors which resulted in loans being approved/declined correctly based on company guidelines.

● U lized industry best prac ces and knowledge of underwri ng rules and regula ons, such as the Fair Housing Act and Equal Credit Opportunity Act, ensuring compliance of credit analysis ac vi es and financial interests were recognized.

● Diligently documented all financial analysis work consistent with internal and external requirements that resulted in minimal errors within Chase, Fannie Mae, and Freddie Mac requirements.

Michael Sherman 262-***-**** Page Two

● Collaborated with colleagues across the country, as well as Loan Processing Departments to ensure the smooth and efficient flow of informa on while ensuring transparency and accuracy.

● Monitored the response for credit approval or denial and expedited to guarantee that all required disclosures were issued in a mely manner.

● Recogni on received:

o Top performer for 4th quarter of 2021 for mortgage. o Consistently performed in the top 10% of employees in terms of por olio profitability and loan dollars booked.

o Received highest merit bonuses based on underwri ng performance. Loandepot.Com, Macungie, PA July 2020 – March 2021 Mortgage Underwriter

● Used knowledge of calcula ng income, credit, and asset documents to underwrite applica ons for Fannie Mae and Freddie Mac products for successful approval of applica ons.

● Reviewed and analyzed credit reports, income documents, and assets documents that resulted in customers obtaining their goals of a lower rate for their current mortgage or their aspira ons of new homeownership.

● Underwrote VA IRRRL loan products.

EDUCATION

University of Wisconsin, Whitewater, WI

Bachelor of Science (BS), Sociology

● Dean's List All 8 Semesters, Won Scholar-Athlete Award

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