ROBERT R. HIGNITE

*** **** ** *.

Wilson, NC ****3

252-***-****

adr7et@r.postjobfree.com

SUMMARY

Over 25 years in the Mortgage Industry specializing in Mortgage Underwriting with an emphasis underwriting Conventional, Jumbo and Non-QM loans. Have worked in or with all areas of the Mortgage industry from Origination through Post-Closing. Worked with Financial Compliance, Quality Control (QC) and Secondary Market regulations. Has worked with FNMA, FHLMC, FHLB, FHA, VA, USDA, Jumbo, Non-QM, Mortgage Insurance (MI) and Portfolio loans.

MAJOR ACCOMPLISHMENTS

Helped develop the Non-QM program for Internist Mortgage including overlays and working with investors.

Pre-Underwriting quality control and forensic loan reviews to detect fraud trends and loan data discrepancies to save Wells Fargo Home Mortgage over $5 million per month in potential losses.

Helped grow BNC Mortgage branch from $6 million a month to $60 million a month in a 12-month period. Achieved similar results at other companies.

EMPLOYMENT HISTORY

Senior Mortgage Underwriter- Non-QM and Jumbo Loans-High Net Worth Underwriter

December 2021 -June 2022

First Guaranty Mortgage Corporation (FGMC)- (Company downsized by 80% and closing)

Underwrote Non-QM and Jumbo loans ($3.5M)

Income analysis for Self- Employed borrowers (Cash flow analysis, profit and loss statements, rental income/Sch E, 1040's, 1120's, 1065’s and K-1's) and wage-earning borrowers. Analyzed mortgage documents included but not limited to appraisals, titles, assets, property types (Condo, SFR), income (bank statements and paystubs), credit reports and investor overlays/guidelines.

Worked with 1031 Exchanges. LLC's and Trusts.

Senior Mortgage Underwriter- Non-QM (Non-Delegated) and Conventional Loans

June 2021-November 2021

Interfirst Mortgage Company (Company downsized by 75% due to downturn in business)

Top producing Underwriter (Retail and Wholesale loans)

Underwrote Conforming. Non-QM loans and High Net Worth Jumbo ($4M) loans.

Helped to develop and build the non-QM area including overlays and working with Investors on products.

Senior Mortgage Underwriter – Conventional & Jumbo/Non-QM -Correspondent (Remote)

June 2020-May 2021

Northpointe Bank (Company downsized due to a vast reduction in business from a loss of Correspondents)

Underwrote Conventional, Non-QM and Jumbo loans ($3.5M) for various Correspondent Lenders.

Underwrote 80% Purchases 20% Refinances and cleared their conditions.

Averaged 22 loans per week

Underwrote numerous Self Employed, Bank Statement and Assets for Income loans.

Remote Senior Underwriter (Long and Short-Term Projects)- $5M Signing Authority

February 2012- June 2020

Special Mortgage Projects- Remote and Onsite

Mortgage UW Manager -Frontline Underwriting, Mortgage Insurance securing and QC of Conventional, Jumbo, Retail/Wholesale/Correspondent Mortgages. Staff of 55+ located throughout the USA.

Underwrote Non-QM, Jumbo loans up to $5M signing/approval authority

Responsible for company QC audits and loss mitigation. of files and heading up re-purchase/defects requests investigations.

Senior Jumbo Mortgage Underwriter- Remote

July 2016-June 2017

KS StateBank, Manhattan, KS (Position eliminated due to bank’s lack of Jumbo loan growth) $4M Signing Authority

Underwrites Jumbo loans to various investor guidelines (Wells Fargo, BB&T, Chase, EverBank)

Guiding Loan Officers on Jumbo loan scenarios and structuring of loans for High-Net-Worth Borrowers.

Communicating with investors to ensure quality loans are submitted for purchase as per their guidelines.

Loan Compliance Review Specialist-Mortgage and Consumer-Remote & Travel

July 2015-June 2016

Shatswell MacLeod, Springfield, MA (Position eliminated due to company’s loss of accounts)

Traveling and working with various Banks and Credit Unions throughout New England to do independent full Quality Control on Conventional, Reverse, Alt A, Jumbo, FHA, VA and Portfolio Mortgage loan reviews.

Evaluate and provide recommendations on regulatory compliance enforcement directives including assistance with plans of actions and written responses; Evaluate and document the review of policies and procedures with recommendations for improvement; Validate and document previous regulatory compliance examination and/or internal audit response action plans and ensure these changes have been instituted.

Mortgage Operations Underwriting Manager/Jumbo Loan Underwriter

August 2011-February 2012

Merchants Bank, Winona, MN (Position eliminated due to bank restructuring)-$2.5 Million Signing Authority

Managed a staff of 6 Underwriters and 3 Processing support staff along with the Underwriting Help Desk.

Managed a department which had in excess of 750 loans in their monthly pipeline (Conventional -FNMA and FHLMC, FHLB, Jumbo, Portfolio, Renovation, FHA, USDA and VA loans).

Worked with over 200 Correspondent Lenders and 75 Retail team members (Origination to Post Closers).

Underwrote Jumbo Mortgage loans with a signing authority of $3M.

Project Manager/Senior Loan Underwriter/Assistant Underwriting Manager

August 2010- July 2011

Associated Bank, Eagan, MN (Short term contract project) - $1 million Signing Authority

Underwrote and audited Conforming and Jumbo mortgage loans for compliance to investor and Government guidelines to insure they complied with the bank regulations. (Averaged 10 Underwrites per day.)

Project Manager which led committee in development of a relationship building plan for non-mortgage customers. Presented findings to Lenders for implementation of targeting these customers for mortgages.

Loss Mitigation projects.

Previous Experience

2008-2010 Wells Fargo Home Mortgage- Underwriter IV, Traveling QC/Compliance Test Case Auditor

2007-2008 US Bank- Quality Control/Compliance Project Lead (contract)

2006-2007 New Century Mortgage (Subprime/Non QM)- Underwriting Manager/Assistant Operations Manager.

2001-2006 BNC Mortgage (Subprime/Non QM)-Mortgage Underwriting/Assistant Operations Manager.

1997-2001 Norwest Mortgage/WFHM- Post Closing Final Docs and Underwriting

Education

University of Wisconsin-Whitewater- Bachelor of Arts- Economics & Management

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