FHA (DE), Fannie Mae, Freddie Mac, Conventional, Jumbo Underwriter
Resume:
DONALD W TOOMER
Charlotte, NC 28269
*********@*********.***
SUMMARY OF
QUALIFICATIONS
ortgage professional with 20 plus years experience with FHA (DE), Fannie Mae, Freddie Mac, Conventional, Jumbo Underwriting, Origination and Sales.
SASA (Bank of America) Underwriting Authority of $1,000,000
In-depth knowledge of Conventional, Conforming and Non Conforming
Advanced knowledge of real estate values, property analysis, financial statements and tax returns
Excellent verbal and written communication skills with ability to meet deadlines in a timely manner
Regulatory Compliance and Quality Assurance experience EDUCATION
BS Accounting, South Carolina State University, Orangeburg, SC 1988 PROFESSIONAL EXPERIENCE
LoanDepot April 2020-Oct 2022
Senior FHA Underwriter
Responsible, but not limited to reviewing, analyzing and underwriting consumer loan requests within Fannie Mae and FHLMC guidelines for approval
Review and Observation of Personal and Business Tax Returns, Financial Statements, Credit Reports, Debt to Income Ratios and Loan to Value Ratios
Prepared and review formal reports and apply fraud detection techniques
Training and advising new underwriters with performance and feedback
Compliance and Quality Assurance
Covius/ Clayton LLC July 2017- April 2020
Jumbo/QM and Non QM Credit Underwriter
Responsible, but not limited to reviewing, analyzing and underwriting consumer loan requests within Fannie Mae, FHLMC, Jumbo and Conventional guidelines for approval
Extensive review of Personal and Business Tax Returns, Financial Statements, Credit Reports, Debt to Income Ratios and Loan to Value Ratios
Prepared formal reports and implement fraud detection techniques
Assist with loan training to processors and underwriters with performance feedback to management
Compliance and Quality Assurance
FREEDOM MORTGAGE Nov 2016-Jan 2017
Remote Underwriter
Comprehensive knowledge of FHLMC and FNMA Guidelines
Credit and Income Analysis
Cash Flow Analysis
Risk Assessment
Compliance and Quality Assurance
ACCENTURE April 2013-Aug 2016
Underwriter
Responsible, but not limited to reviewing, analyzing and underwriting consumer loan requests within Fannie Mae and FHLMC guidelines for approval
Reviewed financial statements, tax returns, credit ratios, debt to income ratios and loan to value ratios
Prepared formal reports and implemented fraud detection techniques
Assist with loan lg and training to processors ad underwriters with performance feed back to management
Compliance and Quality Assurance
New Oak Capital Feb 2014-June 2014
Rebuttal Underwriter
Reviewed close files for claim discrepancies pertaining to underwriting guidelines, income, credit and/or collateral.
Summarized and notated findings and exceptions based on Product and Underwriting Guidelines.
Performed daily updates and feed back to management. Solomon Edwards Oct 2011-Jan 2013
Project Consultant
Review residential foreclosures and loans in default for financial harm in accordance with the Office of Comptroller of Currency guidelines.
Evaluated credit decisions for accuracy based upon established risk parameters and in accordance with policy, programs and product guidelines.
Completed a series of test to verify lender followed (1) state and federal guidelines and (2) fees and penalties assessed were not in violation of loan documents, bank policy and/or investor guidelines.
Chase Home Lending Sept 2010-Oct 2011
Contract Senior Underwriter
Determine borrowers eligibility based on credit findings
Review credit packages that felled outside of automated underwriting parameters.
Maintain a firm knowledge of FNMA and FHLMC guideline
Clear concise communication with underwriting assistants, junior underwriters and account executives
Wells Fargo Home Mortgage Sept 2009-Sept 2010
Contract Senior Underwriter/QA, Phoenix, AZ
Maintained up-to-date knowledge of relevant default practices effecting loan servicing decisions.
Review complex mortgage underwriter’s approvals and denials for optimum levels of quality and accuracy prior to dismissal or post closing.
Provide corrective actions to cure the file deficiencies by reviewing disclosures, credit documentation, underwriting notes, appraisals and legal documentation
Supervise, instruct and direct underwriters to take corrective action amending unsubstantiated documentation based on FNMA, FHLMC and FHA guidelines
Prepared formal reports for discrepancies and/or findings to departmental manager
Wells Fargo Home Mortgage Jun 2009-Aug 2009
Contract Mortgage Underwriter/Conventional, Non-Conforming (Retail, Correspondent) Billings, MT
Reviewed, examined and underwrote Conventional loans to ensure soundness, business value and compliance with company and investor standards.
Reviewed detailed historical and projected financial analysis utilizing tax returns and financial statements.
Independently conducted full and comprehensive evaluations of a variety of complex, high- risk mortgage loan applications.
Reviewed and analyzed special conditions, loan deficiencies and exception requests to determine appropriate courses of action.
Reviewed Appraisal reports and Data Alerts.
Toomer’s Mortgage Services, LLC Jan 2006-Dec 2009
Owner Summerville, SC
Customer Service Relations Sales Management
Loan/Account Origination Account Management
Staff Training and Development Regulatory Compliance Ameritrust Mortgage Corporation Sept 2002-Jan 2006 Senior Underwriter (Team Lead) Wholesale, Retail, Conventional and Government Charlotte, NC
Structured loans to fit investor guidelines (Citi, Household, RFC, FNMA, FHA, etc)
Managed and train new Account Representatives
Evaluated the subject property, financial strength and credit worthiness of borrowers
Authorized to approve loans up to $750,000 based on documentation for secondary Market
First Union (FUHEB) March 1999-Aug 2002
Underwriter
Conducted comprehensive analysis of complex, high- risk mortgage loan applications.
Analyzed loan conditions and communicated requirements and/or decisions to loan officers/brokers.
Evaluated and examined transactions to ensure accuracy REFERENCES AVAILABLE UPON REQUEST
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