Mortgage Underwriter
Resume:
Antioch, IL *****
*********@*****.***
KAREN BATTISTONI
PROFESSIONAL PROFILE
Over twenty years’ experience in providing underwriting services in the mortgage industry. Experience includes evaluating and analyzing all loan packages/risk management, credit and collateral documentation to ensure a quality loan product. Working closely with processing/funding departments and external business partners to ensure proper documentation meets agency requirements. Continually demonstrating a strong focus on meeting all company financial goals, along with providing exceptional customer service throughout the underwriting experience.
SKILLS
Extensive knowledge of mortgage underwriting
Analytical skills
Detail-oriented
Highly organized
Multi-tasking and prioritization skills
Ability to work in a fast-paced environment under time constraints
Excellent customer service skills
Ability to adapt to change quickly
Knowledge of Microsoft Office
Strong interpersonal skills and a team player
Excellent communication skills both written and verbal
PROFESSIONAL EXPERIENCE
Caliber Home Loans/Newrez – Itasca, IL 6/10/19 – current
Mortgage Wholesale Underwriting of Conventional, FHA, USDA, and VA loans and appraisals
Evaluate and analyze all loan packages including credit and collateral documentation to ensure investment quality loan product and seek feedback from the appraisal department on any questionable collateral
In partnership with loan brokers, work to assist in structuring loans to ensure salability of package
Check accuracy of all calculations and analyze income utilizing personal and/or corporate tax returns of all borrowers
Consult with processing and funding department(s) to ensure all underwriting conditions are met prior to loan closing
Assist with curing deficiencies in loan files as a result of failure to meet investor, FHA, VA, USDA, repurchase, and/or Company guidelines
Maintain accuracy and competency in utilizing the Company’s system of record for automated underwriting of loan files
Utilize and comply with all automated underwriting certifications for any loans approved in the system
Communicate loan decisions both verbally and in writing in the format approved by Company
Exercise discretion and utilize exceptional analytical abilities to detect discrepancies in documentation and/or information in order to protect Company from fraudulent practices
Responsible for prudent and timely underwriting of loans in accordance with Company and investor guidelines by ensuring that Company turn-times are met and/or exceeded
Sign off on conditions in accordance with policies and procedures as set by the credit officer
May perform appraisal reviews and work closely with in house appraisal staff
Respond timely to all audits and maintain acceptable post-funding audit results within specific tolerance levels
Remain up to date and informed on all government regulations and requirements as well as Company guidelines and overlays
Work closely with underwriting management to resolve questions/issues
Escalate issues within the Company prescribed process
Follow the Company standards for the delivery of integrity, client focus, teamwork, and respect for each individual in every interaction
Exhibit observable sense of urgency in the execution of all job functions and duties.
Meet or exceeded levels of Customer Service delivery established by the Company
Actively participated on special projects and pilot programs for system upgrades
Parkside Lending LLC – Oak Brook Terrace, IL 08/13/18 – 6/6/19
Mortgage Retail Underwriting of Conventional, FHA and VA loans and appraisals. Collaborate with other VA loans wholesale channels. Previous underwriter responsibilities reflected below also applies
Peoples Home Equity – Oak Brook Terrace, IL 03/07/2016 – 08/10/2018
Mortgage Retail underwriting of conventional and FHA loans and appraisals. As of 2017, underwriting VA loans and LAPP SAR. Previous underwriter responsibilities reflected below also applies
Bank of America Home Loans – Rolling Meadows, IL 2/20/2007 – 02/26/2016
Formerly Countrywide Home Loans
Retail Underwriting - AVP, DE Mortgage Underwriter with level 2 FHA AUS and manual underwriting authority; keep updated with current policy and guideline changes as they apply to FHA underwriting; review and approval of appraisals; ensuring quality and always working towards maintaining suitable turn times to provide the best customer service to our sales partners and borrowers. Obtained VA credit underwriting authority April 2014; Temp SAR issued, not completed
Mortgage Underwriter with Level 4 conv AUS and manual underwriting authority; review and approval of appraisals; keep updated with current policy and guideline changes as they apply to underwriting; ensuring quality and always working towards maintaining suitable turn times to provide the best customer service to our sales partners and borrowers
Dual processor/underwriter role with conv level 1 AUS accept and refer /manual underwriting authority, including review and approval of appraisals; processing of FHA/VA loans
Processor tasks as outlined below, with exception of general office operations
Equity Plus Mortgage, Inc. (Broker) – Oak Brook, IL 07/2002-02/2007
Mortgage Loan Processor
Initiate, track and collect the proper documentation necessary to process Conventional, FHA, VA, SubPrime, & Home Equity Mortgage Loans; maintain knowledge of program parameters
Review loan applications for completeness and accuracy
Input files into mortgage processing system and send out proper disclosures
Review credit reports per program guidelines
Confirm that all the necessary documentation is correct for mortgage and rent verifications, along with deposit and employment verifications
Review title commitments and clear exceptions, etc. as necessary
Review appraisals for accuracy prior to submitting to the lender
Contact borrowers to confirm accuracy of supporting income, assets and liability documentation
Assemble and submit files through automated underwriting system for underwriting approval
Gather and submit all conditions to lender/underwriter once loan has been approved
Coordinate loan closings with loan officers, borrowers, title companies, attorneys, lenders, etc.
Review HUD’s for accuracy of fees charged to borrower
Signature Mortgage - Oak Forest, IL
Processing Manager, 05/2000 – 07/2002
Mortgage Loan Processor, 01/2000 – 05/2000
Same as processor responsibilities in addition to the following
Managed & trained 2 Junior Processors
Initiate monthly & weekly status of pipeline meetings with employees and management
Assist in the preparation of loan officer commission statements for payroll
Reconcile broker funding checks to HUD-1’s
Participated in employee performance reviews
Realty Funding - Matteson, IL 10/1998-1999
Loan Processor
Same as above processor responsibilities, with the exception of the automated underwriting system was not available at this time to the brokers
EDUCATION
Downers Grove High School, Downers Grove, IL
DE, LAPP/SAR, USDA Certifications
Working with automated Loan Origination/Underwriting Systems
References Available Upon Request
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