Mortgage Underwriter Loan Processor

EMMANUEL OLADEINDE

Irvington, Nj *****

Email ************@*****.***

Phone number +1-862-***-****

SUMMARY

Enthusiastic Mortgage underwriter with 4+ years’ experience in reviewing loans for risk analysis and compliance with agency and investor guidelines. Use of automated underwriting systems in determining risk, scalability, and reduced documentation for borrowers and review of data accuracy as input in AUS systems for decision-making. Applying Clear, concise, and appropriate conditioning of loans when rendering decisions. Knowledge of mortgage products, eligible properties, title and escrow requirements, PMI underwriting, credit scores and the underwriting guidelines of Partners, FNMA, FHLMC.

SKILLS

Ability to operate in fast paced environment

General understanding of all areas of the mortgage industry

Good oral and written communications skills

Ability to multitask in a fast-paced environment

Problem Solving/Analysis

Dependable in completing tasks with strong attention to detail and accuracy

Strong attention to detail

Current knowledge of Fannie Mae, Freddie Mac guidelines

Proficient in Mortgage Operating System and have knowledge of automated underwriting systems including DU, and LP

Effectively present information and respond to questions.

Calculate debt-to-income ratios, LTV and income

EXPERIENCE

Mortgage Underwriter Cross Country Mortgage 07/2020 - Present

Brecksville, OH

Apply internal guidelines and investor guidelines to credit decision process.

Analyze all areas of mortgage loan application, including credit, income, assets, collateral, and compliance documents to ensure loan meets company, guidelines.

Review Income documentation and calculate income per investor and company guidelines.

Review Assets to determine reserves and cash to close per investor and company guidelines.

Analyze employment profile, credit strength, property characteristics, and all other information pertinent to credit decision on each mortgage application.

Select required conditions on each deal to be satisfied prior to funding and input information into system.

Verify accuracy of supporting employment, down payment, appraisal, and financial documentation received.

Correspond with processors to get outstanding documentation needed to complete requirements per commitment.

Approved mortgage loans with a Lending authority of $495k

Compare and capture key data points from loan files.

Perform the reviews above using a proprietary system, checklist, and set procedural steps.

Perform review of closing documents and data utilizing third party compliance products as well as auditing tools.

Provide detailed feedback to the client via written exceptions

Produce timely and accurate results in an independent work environment

Mortgage Underwriter M&T Bank 04 / 2019 – 06/2020

Ballston Lake, NY

Approves loans within lending authority adhering to bank and investor guidelines and requirements.

Demonstrates complete understanding and use of Desktop Underwriter and Loan Prospector for credit decisions on all loans.

Reviews and analyses DU/LP Findings on all types of loans. This includes restructuring for possible better findings and appropriate pricing.

Acts as primary underwriter for new originator loans and self-employed borrower loan files.

Trains and coaches’ originators regarding residential mortgage products and underwriting guidelines.

Maintains knowledge of Portfolio, PMI, Fannie Mae, Freddie Mac and other secondary market underwriting guidelines.

Communicates with originators, processors, and account executives as to status loan.

Reviews assembled loan packages for submission to outside Investors and assure that all documentation is complete and accurate.

Thorough knowledge of loan origination system and related vendor services.

Monitors loan packages forwarded to Investors to ensure timely response.

Reviews and decisions problem appraisals.

Review fraud reports and title document system as required, complete checklists and summaries

Continued education to stay current with regulations and industry requirements that affect decision making

Maintained pipeline of 60-80 loans per month with majority of those loans going to closing.

Mortgage Loan Processor M&T Bank 07/2018 – 03/2019

Ballston Lake, NY

Maintained high quality while processing large numbers of personal consumer loan applications

Provide excellent customer service to inbound and outbound calls

Answer customer service request via internal communication system

Review financial documents submitted by borrower

Verify and calculate customer income

Detect suspicious and fraudulent loan applications

Managed pipeline daily to ensure closings are met as scheduled

Process loans from contract to close

Process loans to meet Agency and Investor guidelines, policies, and procedures

Review new loans and order all services within 48 hours of receipt, which includes introductory email to borrower(s)

Prepare files for underwriting

EDUCATION

Lagos state University

Public administration. 2012-2016

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