Underwriter Real Estate

TARA HOUSTON

Dallas, TX 936-***-**** *******.*******@*****.***

EDUCATION

Master in Business Administration, December 2011

Major: Business Administration

University of Phoenix, Phoenix AZ

Bachelor in Business Administration, December 2008

Major: General Business; Minor: Accounting

Stephen F. Austin State University, Nacogdoches TX

EXPERIENCE

Jumbo Underwriter III

Loan Depot Remote

September 2021 to March 2022

Worked with multiple investors such as PenFed, Wells Fargo, and Loan Depot to

underwrite loans based on investor and agency guidelines.

Underwrote secondary market products for conventional, purchase, and refinance loans in addition to Wholesale, Co-op, Condos, New Construction, multi-family residence, and commercial properties.

Underwrote conforming and non-conforming jumbo loans based on Fannie Mae Guidelines and Freddie Mac guidelines.

Analyzed credit, income, title, insurance, and appraisal documents to ensure loan quality.

Cleared underwriting conditions and issued clear-to-close within a 25-day timeframe.

Completed quality work and maintained 98% and above monthly quality assurance audits.

Submitted approval, denials, and counteroffers based on lending criteria.

Mastered financial tax returns calculations from Self-employed Forms 1040- Schedule C, 1065

Partnerships, 1120 S-Corporations and 1120 Corporations and completed complex income calculations such as Restricted Stock Units and Asset Depletion.

Corporate Underwriter

Bank of America Plano, TX

March 2016 to September 2021

Underwrote commercial, conventional, conforming, non-conforming, purchase, and refinance loans.

Level 6 underwriter with residential and commercial signing authority. A member of the complex income review team reviewing multiple self-employed business income, asset depletion, restricted stock unit (RSU) income, and multiple REO property ownership.

Underwrote Commercial loans and evaluated the income and structural contingencies of the property (including but not limited to C&I loans, CRE Loans, Construction Loans and SBA Loans) and renewals by reviewing company and personal financial statements and tax returns into Banks database.

Calculate and assess financial ratios, and determine pricing and fees that align with Bank guidelines and loan policy.

Prepare standardized spreadsheets designed to quantify borrowers personal, global, and real estate debt service abilities.

Evaluate financial statements and tax returns, historical trends, projections, managementperformance, industry, cash flow, capital structure and collateral.

Assessed borrowers ability to repay debt and comply with financial covenants.

Underwrote loans held in entities such as LLCs and Trusts. Reviewed files with multiple investment properties and business ownership.

TECHNICAL KNOWLEDGE

C++, HTML, WordPerfect, Microsoft Word, Excel, PowerPoint, Access, QuickBooks, JAVA

Internet Explorer, Empower, LPS, Edge, iFulfill, Interact, AS400, FOCUS, Encompass, SharePoint, MSP, TriCalc, LIS,

Core, E-image, DM Portal, SQL, DU, LP, Lexis-Nexis, Assetwise, AUS engines, HMDA, TILA, RESPA, Regulation B, C, Z, E,

and O.

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