Mortgage Underwriter Underwriting Manager
Resume:
PATRICIA A FRANKLIN
*** ****** ***, *************, ** 30043 404-***-**** *******@***.*** Dedicated and accomplished mortgage underwriter with 20+ years excelling in challenging environments, while consistently meeting and exceeding turn times. Adept at interpreting government and institutional guidelines for compliance with company standards, laws, and regulations, resulting in a certified proficiency with Federal Housing Administration (FHA) and Veterans Affairs (VA) programs. Proficient knowledge underwriting USDA, Bond programs, Construction to Perm, Construction loans, Jumbo loans, Non-QM loans, Reverse mortgage loans, and various other programs. Proven ability to manage, direct and implement underwriting strategies to ensure the delivery of high-quality loan decisions. Professional Experience
The Fountain Group Tampa, FL
Sr. Compliance Consulting Analyst August 2022 – Present
• Works closely with the business, legal and compliance areas of financial institutions and others to assist in developing and delivering tailored compliance services designed to meet the customers’ compliance and business objective(s).
• Conducts targeted research and analysis projects to assist financial institutions in any aspect of their compliance needs including, but not limited to, federal and state requirements as well as current trends and best practices
• Conversing knowledgeably and confidently with internal customers and external customers
• Serves as a subject matter expert in one or more topical areas (e.g., mortgage, deposit, home equity, consumer lending, commercial, residential servicing and/or general compliance program related knowledge) by proactively staying informed of regulatory changes and updating rest of the team
• Conducting research and analysis of complex regulatory issues
• Applying research results to company products and advising internal and external customers
• Continues regulatory education by reading regulatory updates, proposed and final rule changes, and attending industry webinars
• Assists internal project team leaders with managing deliverable timelines and project life cycle planning
• Analyze customer’s existing regulatory compliance tools to identify gaps; document and present findings to customer stakeholders; guide customers towards cost-effective compliant solutions
RealFi Home Funding (formerly Residential Home Funding) Parsippany, NJ Remote Underwriter August 2019 – February 2022
• Evaluated a borrower’s ability to purchase or refinance a home loan under conventional, FHA, VA, and USDA mortgage products, completing approximately eighty loans per month.
• Assisted Loan Officers and Processors with understanding complex issues, decisions, and conditions, creating a trust in team mentality.
• Secured all required documents and cleared conditions for closing, meeting turn times of 24- 48 hours
• Reviewed income, assets, liabilities, and property documentation of eligible loans to meet lending policies and procedures.
• Utilized Encompass to perform underwriting tasks, such as, ordering mortgage insurance
(MI), developing strong system navigation skills.
Gateway Compliance Alpharetta, GA
Compliance Auditor May 2019 – August 2019
• Audited post-closing files for compliance of conventional, FHA, VA, USDA, and portfolio loan programs, completing approximately fifty loans per week.
• Documented deficiencies with closing and credit package, identifying opportunities for improvement.
• Collaborated with leadership to discuss trends and risks requiring attention, developing a solid plan for action to complete the final audit. Homestar Financial Corporation Gainesville, GA
Remote Underwriter April 2018 – January 2019
• Performed automated and manual underwriting on retail loans for conventional, FHA, VA, and manufactured home loan programs, consistently achieving quality scores of 100% or better.
• Ordered mortgage insurance (MI) from an approved list of providers, minimizing risk to the lender.
• Maintained records related to suspicious activity report (SARS), in accordance with the Bank Secrecy Act (BSA), to ensure suspicious activity is reported in a timely manner. Atlantic Bay Mortgage Group Virginia Beach, VA
Senior Remote Underwriter May 2016- February 2018
• Decisioned applications from assigned Mortgage Bankers for consideration under conventional, FHA, VA, USDA, Virginia Bond and MCC programs, and structured loans to ensure the salability of the package.
• Acted as a subject matter expert by coaching teammates on best practices, achieving results as a high-performing team by consistently meeting turn times of 24 to 24 hours.
• Partnered with Mortgage Bankers with calculating tax return income, with the objective to increase market sales and client retention.
• Communicated regularly with Mortgage Bankers and Processors to discuss loan files and obtain missing information, to drive deals to successful closing/funding. Renasant Bank Roswell, GA
Senior Underwriter April 2015 – May 2016
• Managed applications for all the Georgia offices, collaborating with Loan Originators and Processors to structure loans under the correct program to meet the customer’s needs.
• Rendered decisions on a large variety of products and programs, building a strong knowledge of the mortgage industry.
• Mentored new Processors and Loan Officers, to successfully complete a loan application. Equity Loans, LLC Atlanta, GA
Senior Underwriter April 2014 – April 2015
• Reviewed retail applications submitted by Loan Officers, wholesale brokers and correspondent brokers as assigned by the Underwriting Manager, using automated and manually underwritten practices, supporting multiple states.
• Underwrote a large variety of product and programs, receiving recognition for Top Produces on a regular basis.
• Analyzed signed compliance disclosures and reviewed the appropriate investor guidelines to determine loan placement in the secondary market.
• Reviewed Currency Transaction Reports (CTRs) and Customer Identification Program (CIP), to mitigate red flags and protect bank from fraud. Additional Experience West Town Savings Bank Senior Mortgage Underwriter Wells Fargo Home Mortgage Consumer Loan Underwriter IV RNG Mortgage Underwriting Manager
Competencies Knowledge of Mortgage underwriting, analytical, detail-oriented, highly organized, multi-tasker, customer service, Microsoft Office, team player, excellent communication skills (written and verbal).
Technical Skills DU, LP, GUS, AUS systems, Encompass, Core, Byte, Microsoft Office 365 Education & Certifications Bachelor’s Degree in Business Administration, Strayer University, 2020 4.0 GPA FHA DE Underwriter Certification, Federal Housing Administration VA Underwriter Certification, Veterans Affairs
References Brian Pool Jean Salanitro
Family First Funding LLC Cardinal Financial
311 Johnnie Dodds Blvd Suite 151 3701 Arco Corporate Dr Mt Pleasant, SC 29464 Charlotte, NC 28273
Executive VP of Credit Underwriting Manager
**********@*****.*** ****.*********@*****.***
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