Quality Specialist Underwriter

EDWIN O. BRODRICK

562-***-**** cell

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

PROFESSIONAL EMPLOYMENT

Network Capital Funding

Oct 2020 – June 2021

Post – Closing Quality Specialist

Maintain a pipeline of prefunding and post – closing loans to review within the required turn times.

Fully assess loan quality, eligibility, and compliance of selected loans assigned.

Ensure selected loans are in compliance with federal and state regulations, as well as the most current FNMA/FHLMC, FHA, VA, internal, and investor requirements.

Perform review of credit, income documentation, calculations, and assets used to qualify for accuracy and compliance in order to validate underwriter’s loan approval.

Increase process efficiency by identifying potential risk and mitigating factors that may impact the company through credit decisions and the customer’s ability to repay the loan.

Provide interactive feedback and clear communication throughout the audit process with the Underwriters, Funders, and their respective Managers.

Regularly communicate and provide audit findings to the QC Supervisor.

Provide updates, reporting and audit findings to internal workgroup(s), for review and mitigate major defects found, when applicable.

Perform other duties as assigned in order to support the QC business unit.

Impac Mortgage corporation

July 2019 – January 2020

Due Diligence Underwriter 1

Responsible for the review of investor conditions post trade and the rebuttal and subsequent follow up to clear conditions for purchase.

Review credit, income, assets, and collateral documentation per our guidelines and determine whether or not the investors/concerns are valid.

Coordinate rebuttals to investors findings, condition clearing, and vendor follow up.

Reach out to third parties for required documentation to clear investor conditions.

Calculate income using traditional and non-traditional documentation to determine DTI ratios, residual income figure.

Reviewing loan terms, 1003, disclosures dates and document signatures, right to cancel, Hazzard, etc.

Reviewing and audit loans after funding for accuracy and completeness.

Monitor and follow-up on outstanding missing documents, pending corrections and suspense issues. Updates notes in the system accordingly.

Rushmore Loan Management Services

Nov 2018 – April 2019

Collateral Analyst - Contractor

Reviews collateral files and documents, including Note, Title Policy, Allonges, Assignments, Bailee letters.

Reviews mortgage note ownership and chain of title.

Update collateral Tracking System – LPS/MSP

Performs collateral reviews and identifies exceptions. Facilitates the cure of collateral exceptions.

Fulfills internal requests for collateral review and document preparation.

Manages user record request to ensure fulfillment in appropriate time frames.

Prepare and scan documents for import into the imaging system.

Prepare and ship documents to offside storages, retrieves documents from storage.

Track and monitor file location and movement using Data Base system.

Performs other tasks as assigned by management.

Stearns Lending Inc

March 2013 – Dec 2016

Sr. Loan Closing Analyst

Conduct a review of the loan to assess the accuracy and integrity of the information used to support the lending decision and the documentation of any defects identified through the review and an assessment as to whether or not the loan complies with the selling Guide, all related contractual terms and agreements, and is in all respects eligible for delivery to Fannie Mae.

Accuracy and completeness of the loan application, existence and accuracy of the underwriting document, including re-verification of underwriting documents, and a data integrity review.

The data entered into DU if applicable.

The appraisal; the property eligibility.

Compliance with the mortgage insurer’s guidelines, and documentation of adequate mortgage insurance coverage.

Existence and accuracy of legal transaction documentation (for example, sales contract) and closing documentation and compliance with all federal, state, and local laws and regulations.

Bank of America – Contractor

April 2011 – July 2012

Underwriter/Auditor Level 1

Conduct full and comprehensive audits and evaluations of the highly complex high-risk loans files.

Perform a thorough re-evaluation of investors’ alleged misrepresentations and deficiencies for guideline compliancy.

Research, develop, and write a detailed synopsis that identifies all loan attributes as well as loan deficiencies to address all of the investors’ alleged misrepresentations and deficiencies.

Responsible for reviewing, analyzing, and responding to post funding claims of breach of representations and warranties of residential mortgage contracts. Manual underwriting and the ability to validate income, asset and collateral documents including self-employed tax returns.

Craft persuasive written responses aimed to resolve investors’ concerns related. Assist in the post-closing review of FNMA, FHLMC, HUD and VA loans in response to repurchase claims asserted.

Management of daily pipelines with adherence to current SLA’s.

A strong functional knowledge in Post Funding file review.

EDUCATION

California State University, Long Beach, California BS Degree in Business Administration with option in Management

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