Tammi E. Vargas

*** ****** **. ~ East Norriton, PA 19401 ~ 215-***-****-Cell adriu9@r.postjobfree.com

SUMMARY: I am a highly motivated and focused professional who entered the mortgage banking many years ago. My analytical thinking provides me the ability to handle aggressive deadlines and successfully juggle multiple responsibilities. I possess exemplary leadership skills in operations, underwriting, closing, and pricing. My goals are to meet and exceed the tasks set forth by my superior and company, while continuing to maintain a healthy passion for the industry.

KNOWLEDGE: Conventional Underwriting, FHA DE CHUMS Certification, VA SAR Certified. Automated Underwriting Systems: FNMA DU Total Scorecard & FHLMC LPA. FHA Connection, VA’s WebLGY. FHA, VA, FNMA, FHLMC guidelines, Handbooks and Mortgagee Letters. Paperless/Imaging Systems: XDocs, Doc Velocity & AIQ. Origination Systems: BytePro, Integra, and Encompass. Multiple State Bond Programs, USDA/GUS, DO, Microsoft Office, Outlook, Word, Excel, PowerPoint. Business line: Management, Underwriting, Processing, Secondary Marketing, Closing, Marketing, Sales and Internal / External Customer Service.

WORK HISTORY:

AnnieMac Home Mortgage (TPO) – Mount Laurel, NJ July 2021 - Present

Sr. Underwriter

Timely underwriting of loan credit packages and appraisals for compliance with various investor and government agencies

Manage current pipeline and new loans assigned withing defined Service Level Agreements

Contract with private investors and government agencies to resolve any issues or questions that may arise on loan files, programs, etc. Review and analyze income from both personal and corporate tax returns.

Communicate decision on loans to appropriate parties both verbally and in writing.

Analyze loan packages for any sign of fraudulent documentation or information.

Work with TPO business partners to restructure questionable loans into a salable package.

Remain informed of all agency and government regulations, requirements and laws for all TPO delivery submissions,

Consult with account managers and closing department to ensure all underwriting conditions are met prior to loan closing.

Review and clear all underwriting conditions prior to closing.

Work with account managers, closers, pre-purchase auditors, post-closing, compliance and managers and needed.

Maintain relationships with TPO business partners to continue to grow the TPO pipeline

Answer general underwriting questions from TPO partners

Assist other team members with issues, questions and training opportunities

Respond to emails and phone calls in a timely manner

Respond to all Post-Closing, Investor Suspense, QC/QA findings in a timely manner and obtain necessary documentation for salability. Document

Finance of America Mortgage as of June 1st, 2015 f.k.a. Gateway Funding (Retail) – Horsham, PA Corporate DE Underwriter April 2010 – July 2021

Underwrite Conventional, FHA, VA, USDA, Bond loans to ensure compliant with applicable guidelines. Decision Employee and Jumbo Loans.

Order PMI via Arch, Radian, MGIC, National MI, Essent & Genworth

Evaluate the credit, income, employment, assets documentation to accurately decision the acceptability of the investment risk -and- Review appraisals to confirm adequate collateral

Pipeline Management - Maintain a daily workload as needed to ensure prompt turnarounds times

Condition loans accordingly in conjunction with AUS findings, guidelines and company overlays

Evaluate residential mortgage loans on a timely manner based on sound underwriting decisions

Approve, Decline, Suspend residential mortgage loan submissions while providing prompt quality service

Measure all mortgage loan submission for underwriting decisions based on company quality control plans and investor/regulatory compliance

Develop alternatives/counteroffers for potentially declined loans to encourage due diligence and good relations with Loan Officers

Assignments as required by Michael Potter, National Underwriting Mgr. - Finance of America Mtg.

Wells Fargo Home Mortgage (Retail) - Chester, PA Jan 2009 – March 2010

DE Underwriter

Underwrite/Decision Conventional & FHA loans to ensure compliant with applicable guidelines.

Evaluate the credit documentation to accurately decision the acceptability of the investment risk

Condition loans accordingly in conjunction with LP/DU [AUS] findings and guidelines

Manage daily workflow issues, Loan prioritization / pipeline management.

Collect and analyze credit reports, financial statements and appraisals

Wilmington Finance-AIG – Plymouth Meeting, PA Nov 2007 – Dec 2008

Corporate Underwriter (FHA)

Underwrite FHA and Conventional Mortgages

Consult with various partners to ensure all underwriting conditions are met prior to closing

Work with outside vendors such as appraisers, title companies/closing agents, etc.

Work with FHA Home Ownership Center through loan origination/post origination process

Wells Fargo Home Mortgage (Wholesale) - King of Prussia, PA March 2003 – Nov 2007

DE Underwriter

Underwrite Conventional, FHA and Streamline VA mortgage loans to ensure compliant with applicable guidelines.

Evaluate the credit and property documentation to accurately decision the acceptability of the investment risk - Review appraisals to confirm adequate collateral

Maintain a daily workload as needed to ensure prompt turnarounds times

Condition loans accordingly in conjunction with AUS findings or alternative program guidelines.

Evaluate residential mortgage loans on a timely basis based on sound underwriting decisions

Approve, decline, or suspend residential mortgage loan submissions

Measure all mortgage loan submission for underwriting decisions based on company quality control plans and investor/regulatory compliance

Develop alternatives/counteroffers for potentially declined loans to encourage relations with Brokers and Account Executive

Provide prompt, quality service to the originating brokers in a friendly and professional manner

Face to face broker training of underwriting process and programs and guidelines

Office support – order supplies, and phone, fax, server and computer issues

Volunteer for projects – Project Champion for Direct Express and Pony Express while serving as the Business Continuity Plan Team Lead

Perform Additional duties when required by Underwriting Manager, Jean Ashenfelder Formerly, Jean Calise

Production Supervisor June 2002 – March 2003

Profit and Loss analysis and heavy correspondence with Regional Sales Manager to project sales goals and forecast model

Approve Web time, Profiler, and SMS requests ** Expanded department

Execute Managing Premier Performance reviews

Recruit, interview, counsel, discipline, train, and develop team members to meet expectations

Guide and assist team members with systems transitions (Dynatek to LPS)

Demonstrate leadership abilities and oversee Pricing, Receiving/Submissions, File Management (Iron Mountain), and Front Desk/Receptionist responsibilities.

Pre-Fund process, SSN, Fraud and Property Alerts, and HMDA File Audit

Evaluate options for the customers and finalize in an exemplary manner.

Apply penalties to loans according to applicable policies.

Create policies and procedures for the pricing department and ensure proper communication internally and externally.

Maintain reports, unapproved broker, advance lock & advanced locks expired 30 days reports

Additional duties when required/requested by Branch Manager, Penny L. Smith

Pricing Specialist – Team Leader October 2001 – May 2002

Work independently; deal with difficult situations using considerable tact & professional courtesy.

Reduce/eliminate pricing deficiencies

Process rate lock requests, extend locks, re-lock and renegotiate locks/loans.

Process loan revision requests on previously locked loans, apply underwriting and pricing policies, review loan status to evaluate and determine the best pricing and program option for the broker.

Maintain loan submission and rate lock forms.

EDUCATION

University of Phoenix, Phoenix, AZ - online

Continuing Education for Degree in Business Management

Conestoga High School, Berwyn, PA

Academic High School Diploma, June 1988

REFERENCES & ACCOMPLISHMENTS

Available upon request

Contact this candidate