Mortgage Underwriter Real Estate

Kenneth Farrish

Grand Prairie, TX ***** 214-***-**** **********@*****.*** www.linkedIn.com/In/kenneth-farrish

MORTGAGE UNDERWRITER

Highly efficient Mortgage professional experienced in underwriting for loss mitigation and origination, auditing for risk and compliance, and project management. A skilled mortgage professional with thorough understanding of the industry and loan cycles. Tenacious, self-motivated, innovative, and maximizes resources for the most efficient results. Certified Underwriter thru Mortgage Bankers Association. CFPB & RESPA proficient.

AREAS OF EXPERTISE

Real Estate Mortgage Underwriting Refinancing Loss Mitigation Audit Compliance

FHA, USDA, VA, FHLMC, FNMA Loan Origination Pipeline Management Financial Analysis

PROFESSIONAL EXPERIENCE

CITIZENS BANK (Remote) 11/2021 – 05/2022

Conventional Underwriter

Serve as Retail Conventional Mortgage Underwriter specializing in FNMA originations.

Manage pipeline of purchase and refinance transactions for all 1-4 unit property types.

Maintained 24 hour turn time and achieved 98% quality with no repurchases or material defects.

Collaborate closely with Loan Originators to reduce loan touches, decrease closing time, and reduce loan costs.

Work independently to complete a wide variety of income calculations for Self-employment cashflow analysis, REO Portfolios, retirement/asset dissipation, and complex wage scenarios.

CALIBER HOME LOANS (Remote) 01/2020 – 11/2021

Conventional Underwriter

Served as Wholesale Conventional Mortgage Underwriter for FNMA, FHLMC, and Private Investors.

Performed Purchase and refinance transactions. Managed pipeline and ensure 24 hr turn times.

Underwrote 4-8 loans daily. Maintain overall quality rating of 98%.

Performed complete financial analysis of income including wage, self-employment, REO, bonus, commission, teacher and investment income.

Performed complete financial analysis of expenses, credit and collateral.

Determined ability to repay.

Assessed risks associated with income, credit, and collateral.

Underwrote Appraisals.

Authorized to approve, suspend, deny or restructure applications.

PENNYMAC LOAN SERVICES, Fort Worth, TX 1/2018 – 01/2020

Underwriting Supervisor

Managed a team of up to 14 underwriters.

Improved overall team quality and production quarter over quarter resulting in quarterly bonuses for all team members. Maintained bonus worthy performance for 8 consecutive quarters.

Completed audits to ensure compliance of CFPB & RESPA guidelines.

Met with senior leadership for the development of new program rollouts and department performance reviews.

Partnered with audit and compliance departments for the implementation of new technology and guidelines and procedural updates.

Collaborated with technical partners for system enhancements, updates, and testing to ensure alignment with evolving guidelines and regulations.

Kenneth Farrish **********@*****.*** Page two

Provided daily guidance to staff for underwrites and income calculations.

PENNYMAC LOAN SERVICES, Fort Worth, TX 08/2015 – 01/2018

Loss Mitigation Underwriter

Performed complete financial analysis of income, expenses, and debt to determine ability to repay.

Utilized FHA, USDA, VA, FHLMC, FNMA, and portfolio underwriting guidelines.

Served as senior trainer for new hires.

Traveled to and underwrote onsite at community outreach workshops. Instrumental in design and testing of system enhancements.

Maintained production and quality in the top 5% of the department.

WELLS FARGO, Bedford, TX 06/2012 – 08/2015

Foreclosure Mediations Underwriter / Team Lead

Represented Lender in telephonic Foreclosure Mediations

Performed real time Underwriting and Income Analysis in the presence of mediator/judge, attorney, and homeowner.

Collaborated with foreclosure attorney to developed strategies for effective release/resolution cases to minimize risks to the company and lower loan costs.

Reviewed for HAMP or proprietary retention solutions, income calculations, income/debt analysis, NPV calculations, employment verifications, ensuring compliance with state and federal laws, and adhering to company policy and industry-wide mortgage underwriting standards.

Served as Team Lead and performed audit and review of peers, served as Subject Matter Expert (SME), as well as extensive MS Excel based production and quality reporting.

EDUCATION & LICENSURE

Bachelor of Business Administration, Major in Business Management, In-Progress

University of Phoenix, Online

National Mortgage License - NMLS# 1543962

Inactively Licensed in AL, FL, GA, IL, LA, MN, MI, MT, NE, OK, SD, TN, TX, VA

Real Estate Salesperson License (Inactive)

Texas Real Estate Commission

Real Estate Certificate

North Lake College

Contact this candidate