ANN VELASCO

***** ****** **** ** ********, TX ***84

832-***-****

OBJECTIVE:

Mortgage professional with twenty (20) years of underwriting, origination and management experience in retail, wholesale, and correspondent lending. Actively pursuing employment opportunities with a progressive company, to effectively utilize my knowledge and capabilities.

QUALIFICATIONS:

FHA CHUMS #BP93 since 2002

VA SAR #014967 since 2009

Front Line Underwriting Manual and Automated Conventional, FHA and VA loans (Purchases, Refinance, Prime/Subprime, FHA, VA, FNMA/FHLMC, MHA, HAR, USDA, BOND, Reverse Mortgages, One Time Close and Texas Home Equity loans)

Managed a 12-member team consisting of permanent and contract staff

Excellent written and verbal communication skills in English and Vietnamese

Effective in managing multiple projects and meeting deadlines

Thorough understanding of real estate values, appraisal reviews and credit analysis

Proficient in DU, LP and GUS (Lenders Automated Underwriting)

FNMA/FHLMC frontline underwriter conforming, non-conforming, super jumbo, jumbo, Bank Statements self-employed borrowers, overturning “caution” and “refer” feedback

Appraisal and collateral review – all fifty states

FHA/VA processing and closing of mortgage loans

Calyx Point, DataTrac, Encompass, EDGE, FI-Staff, Loan Beam, Outlook, Microsoft Word, and Microsoft Excel

Interlinc Mortgage October 2021-Current

DE/SAR Sr. Underwriter

Front-line underwriting, responsible for 4 to 5 new loan decisions. Perform credit and collateral analysis and assessments to ensure residential mortgage loans comply with investment quality guidelines of FNMA, FHLMC, private mortgage insurers, FHA, VA, USDA and/or unrelated third-party investors and five resubmission files daily. Second level review for Appraisal risk, Income calculation, and determine stability, denial recommendations review for validation and or issuing counter. approvals. Review re-submission conditions. Provide training and assisting to processors and Loan officer in reviewing loan documents, including income calculations, analyzing assets and collateral

All Western Mortgage, dba Prosperity Lending February 2020-October 2021

DE/SAR Sr. Underwriter

Front-line underwriting, responsible for new loan decisions. Perform credit and collateral analysis and assessments to ensure residential mortgage loans comply with investment quality guidelines of FNMA, FHLMC, private mortgage insurers, FHA, VA, USDA and/or unrelated third-party investors and five resubmission files daily. Second level review for Appraisal risk, Income calculation, and determine stability, denial recommendations review for validation and or issuing counter. approvals. Review re-submission conditions. Provide training and assisting to processors and Loan officer in reviewing loan documents, including income calculations, analyzing assets and collateral

City Wide Home Loans Sept 2016-January 2020

Senior Underwriter

Front-line underwriting, review re-submission conditions. Perform credit and collateral analysis and assessments to ensure residential mortgage loans comply with investment quality guidelines of FNMA, FHLMC, private mortgage insurers, FHA, VA, USDA and/or unrelated third-party investors, while provide assisting to processors and Loan officer in reviewing loan documents, including income calculations, analyzing assets and collateral

Summit Funding, Inc. May 2015 to –Sept 2016

Senior Underwriter

Front-line underwriting, review re-submission conditions. Perform credit and collateral analysis and assessments to ensure residential mortgage loans comply with investment quality guidelines of FNMA, FHLMC, private mortgage insurers, FHA, VA, USDA and/or unrelated third-party investors, while provide training to processors in reviewing loan documents, including income calculations, analyzing assets and collateral

First California Mortgage Company

Underwriting Manager of the QM Underwriting Channel

Assistant to National Underwriting Manager. April 2014 to –May 2015

Responsible for underwriter training, risk assessment skills and investor proficiency. Correspond with investors for exception requests and guideline clarifications. Review investor repurchased request and provide responses to address deficiency. Underwriter dissemination / training of investor updates as they relate to underwriting. Assignment of underwriter continuing education needs. Provide queue coverage for regional underwriting team leads as needed. Will act in the capacity of final mediation for escalation requests. Update investors, Agency, and Government guideline changes. Create and provide underwriters with Job Aids, tools, and checklist to comply with Investors/Agency guidelines...

TXL Mortgage Corporation

Underwriter Sept 2013-Mar 2014

Front-line underwriting, review re-submission conditions. Perform credit and collateral analysis and assessments to ensure residential mortgage loans comply with investment quality guidelines of FNMA, FHLMC, private mortgage insurers, FHA, VA, USDA and/or unrelated third-party investors, while provide training to processors in reviewing loan documents, including income calculations, analyzing assets and collateral.

Wells Fargo Home Mortgage

Lending Officer Feb 2013-Sept 2013

Responsible for reviewing turn time by sales area, production/capacity planning daily. Review Caseloads, turn time, productivity, staffing, and personnel needs. Review loan production results, compliance, customer loyalty scores. Drive tactical efforts/activities for improvement, along with raising awareness and identify areas of opportunity. Ensure credit quality is adhered according to company policy. Facilitate learning/development for home loan underwriters and home loan processors to build partnership and discussing policy/guideline update.

Wells Fargo Home Mortgage

Consumer Loan Underwriter July 2012-Janary 2013

Front-line underwriting for all fifty states. Perform credit and collateral analysis and assessments to ensure residential mortgage loans comply with investment quality guidelines of FNMA, FHLMC, private mortgage insurers, FHA, VA, USDA and/or unrelated third-party investors, while maintaining a high focus on customer service.

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