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Mortgage Processor Underwriter

Location:
South Lyon, MI
Posted:
August 11, 2022

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Resume:

Lon Woodard

Email: adr3l6@r.postjobfree.com

Mobile: 480-***-****

Summary of Qualifications

Veteran with Underwriter with 15+ years experience in a fast-paced Mortgage industry. High performer with well developed organizational skills. Knowledge in underwriting and processing VA, FHA, Rural Development, and Conventional loans. Expertise knowledge of Fannie Mae and Freddie Mac mortgage lending guidelines. Worked on a variety of mortgage systems: Open-Close, and Encompass.

PROFESSIONAL EXPERIENCE

Howard Hanna (remote)

Mortgage Underwriter 4/1/21-7/2022

● Responsible for underwriting Conventional Alt A, Single Family, Condo’s, Townhomes, 2-4 units and income producing properties

● Accurately calculate a variety of income sources (paystubs, Schedule E, 1099, sole proprietorship, trust, and tax returns) to determine debt-to-income

● Performed appraisal reviews and recommended additional requirements needed for risk to adhere company guidelines

● Minimized risk and maximized efficiency by adhering to underwriting standards

● Applied organizational, analytical, and multi-tasking abilities while executing second level reviews on loans submitted for denial, cancellation, and counteroffers

● Worked closely with mortgage processors, loan originators, and account executives to ensure timely response to any issues in order to avoid delays in closing

● Review DU and LP findings to determine approval

Guaranty Home Mortgage (remote)

Mortgage Underwriter 1/2021-2/2022

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

● Reviewed and ordered mortgage insurance, homeowners insurance, flood insurance along with flood certification

● Analyzed collateral appraisal reports (1-4 unit properties, Condominiums, Co-Ops) for marketability, eligibility and property condition

● Evaluated debt-to-income, loan-to-value ratios, credit score, property valuation for conditional approval

● Demonstrated excellent follow through with borrowers, loan processors, loan originators and management throughout all phases of the underwriting process

● Reviewed title commitment for entitlements, liens and judgements. Verify tax current tax year payable and if current Homestead exemption

Success Mortgage Partners Plymouth, MI

Loan Partner 7/2018 - 1/2021

● Primary contact and liaison between potential buyers, branch managers, underwriters, and loan officers and conduct meeting to coordinate any follow-up items

● Request income and asset documentation from potential buyers in order to calculate accurate income, and review any large deposits

● Verify all loan package documentation received is accurate and complete in accordance with company policy and procedures

● Responsible for the development implementation and management of “annual review calls” with clients

● Contact clients to obtain documentation needed for final loan approval Cross-Country Mortgage Brighton, MI

Underwriter 4/2017 – 5/2018

● Reviewed all mortgage application and supporting documentation to ensure all necessary information is included for approval

● Managed assigned pipeline; disposition loans within 24-48 hours of receipt and timely resolves conditions

● Obtained and reviewed (paystubs, W2s, award letters, and tax returns) in order to obtain accurate income calculations

● Worked with Loan Processors and Loan Officers on collecting documentation necessary to finalize loan applications

● Performed second level review for all potential decline loans MB Financial Brighton, MI

Underwriter 3/2016 – 4/2017

● Reviewed income, assets, credit, and collateral to determine ability to repay and minimize risk for default

● Underwrote Conventional primary, secondary, and investment properties to ensure program worthiness

● Examined all documentation obtained for adherence to the guidelines in order to obtain final loan approval

● Manually review loans that did not receive automated underwriting system approval Universal American Mortgage (UAMC) Tempe, AZ

Sr. Mortgage Processor 12/2014 – 2/2016

● Managed state specific pipeline of 30-40 new construction Conventional, USDA, VA, and FHA residential loan

● Conducted welcome calls to borrowers and requested paystubs, W2s, social security award letters in order to calculate accurate income

● Interacted through phone and email communications with Loan Officers, Escrow Officers, and Attorneys keeping all parties up to date with loan process

● Reviewed appraisal reports and comparables to determine sufficient value Yark Automotive Group Toledo, OH

Finance Manager 11/2014-12/2015

● Prepared presentations to customers to sale company products to order to obtain sales goal

● Reviewed clients paystubs, and credit reports to determine bank approvals

● Assisted new and used car sales staff in determining finance options for potential clients

● Maintained knowledge of all extended warranties

● Maintained lowest chargeback number for Jeep/Dodge/Chrysler dealership Universal American Mortgage (UAMC) Tempe, AZ

Sr. Mortgage Processor 4/2011-11/2014

● Managed state specific pipeline for new construction loans for Conventional, USDA, VA, and FHA residential loans from the initial setup through fundings

● Gathered and reviewed income documents (paystubs, W2s, and tax returns) and calculate income

● Interacted through phone and written communication with Loan Officers, authorized third parties, loan candidates and internal departments keeping all lines of communication up to date

● Maintained daily loan pipeline of 35-45 loans

USSA Phoenix, Phoenix, AZ

Sr. Mortgage Processor (1/2009-3/2011)

● Approved and recommended loans for decline if the loans did not meet VA or company guidelines

● Scheduled closing meetings with candidates, closing departments, title companies, and third parties

● Conducted daily reviews, and attended regular pipeline meeting to ensure work efficiency

● Processed condominiums, investment properties, purchases, IRRRL (Interest Rate Reduction Loans), and short sale



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