Michelle A. Petti

Simi Valley, CA *****

805-***-****

advu40@r.postjobfree.com

Summary

• 18+ Years in Mortgage Banking.

• Excellent organizational skills, time management, expert analytical skills and attention to detail.

• Versatile, multi-tasking, strong initiative, team player and focused problem solving skills.

• Quickly adapt to changing environments and responsibilities.

• Registered with the Federal NMLS Database. (License #484834)

• Licensed Notary Public.

• Member of the National Association of Mortgage

Employment

HCL/Urban Fulfillment Services, Remote May 2020-Nov 2022 Sr. Underwriter- Retail

Analyze conforming and manufactured loans within retail lending approved by an Automated Decision System. Underwrite Fannie Mae and Freddie Mac loans within established SLA requirements while maintaining file quality.

• Underwrite conforming (1-4 units), home-ready, home possible, Condo/PUD and manufactured home loans to ensure soundness, business value and compliance with company, secondary market/investor standards.

• Manage assigned pipeline of 30+ loans (purchases and refinances). Set, review and sign off conditions, clear red flags and alerts meeting designated time constraints.

• Calculate, analyze all forms of income (including rental income), debt and assets. In depth analysis of personal and business tax returns. Full review of purchase contracts, trust agreements, entity documents, credit, trusts, title, appraisal reports and property valuations.

• Research and resolve potential issues that arise as a result of investor/QC audits. Review and address compliance exceptions and failures identified from third party compliance systems such as Mavent and Fraud Guard.

• Involved in communicating with department personnel on loan decisions, conditions and clarifying documentation. Complete pipeline management of assigned loans through daily reports; proactive follow up with processing and sales involved in each transaction. Provide guidance on all credit related support questions and policies. Knowledge of Fannie/FHLMC and regulatory compliance guidelines.

• Perform due diligence on loans to ascertain and identify risk issues and potential misrepresentation. Athas Capital Group Inc, Calabasas, Ca August 2016-March 2020 Sr. Underwriter -Wholesale

Manual underwrite of a full range of mortgage loans including Non QM, Subprime, Hard Money, Commercial, Full Doc Conforming loans and Non-Conforming Jumbo loans.

• Complete manual underwrite of Non QM, Subprime, Hard Money, Commercial, Multi Family, Condos, Co-Ops and Full Doc Conforming (1-4 units)/Non-Conforming jumbo loans to ensure soundness, business value and compliance with company, secondary market/investor standards from submission to final approval.

• Manage assigned pipeline of 30+ loans (purchases and refinances) Responsible for setting, reviewing and clearing conditions according to investor guidelines and established lender policies while meeting designated time constraints. Clear alerts and system hard stops.

• Analyze all forms of income (including rental income), assets and debt. Review of personal and business tax returns. Full review of purchase contracts, entity documents, trusts, leases, appraisal reports and property valuations. Review and calculate DSCR for commercial properties as well as conduct liabilities analysis.

• Analyze income documentation such as personal and business income under the company’s bank statement and asset depletion program. Ensure all necessary documentation is requested to support final loan decision.

• Perform due diligence on loans to ascertain and identify risk issues and potential misrepresentation.

• Review re-purchases and analyzed responses to deficiency memos. Determine if audit rating stands as amended or if additional documentation was necessary for loan to be sellable. Backend review of loan files performed by upfront underwriters. Provide mentor and coaching as needed. Bank of America/Urban Lending, Westlake Village, Ca Jan 2000-August 2016 Underwriter -Wholesale/Retail

Review of conforming loans and non-conforming jumbo loans within retail and wholesale lending. Underwrite loans within established SLA requirements. Analysis of Multi Million Dollar loans ranging from One to Six million dollars in a centralized corporate environment.

• Analyze Conforming loans (1-4 units, Condo/PUD) and Helocs. Manual review of Non-Conforming jumbo loans to ensure soundness, business value and compliance with company, secondary market/investor standards.

• Manage assigned pipeline of 30+ loans. Set, review and sign off conditions, clear red flags and alerts meeting designated time constraints.

• Calculate and analyze all forms of income including rental income and assets. In depth analysis of personal and business tax returns. Full review of collateral, credit, purchase contracts, trusts and title.

• Research and resolve issues that arise as a result of QC audits, 3rd party findings; report findings to senior management; recommend changes to policies and procedures as needed. Audited retail loan files against federal and state requirements. Back end QC check of FHA loans.

• Involved in communicating with department personnel on loan decisions, conditions and clarifying documentation. Complete pipeline management of assigned loans through daily reports; proactive follow up with processing and sales involved in each transaction.

• Perform due diligence on loans to ascertain and identify risk issues.

• Work with all levels of Management, Mortgage Loan Officers communicating requirements and/or decisions. Provide guidance on all credit related support questions and policy interpretation clarification.

• Organized monthly production reports for management through Excel program. Education

• Notary Public/Signing Agent License

• Federal/State Licensed NMLS#484834

• Mortgage Banking Courses

• Sound Engineer Degree

(3.63 GPA)

Technical Skills

• Proficient in Microsoft Office, DU, LP, Encompass, Lending QB, iFulfill, FHA Connection and Outlook.

• 10 key by touch, Typing 55 + wpm.

Honors and Awards

Achieved an “Exceptional Performance” rating for quality, customer relationships and teamwork from 2005 through 2022 in each Performance Evaluation.

• Received 2011-2012 Global Recognition Award for excellent internal and external customer service.

• Received 2012 - 2022 Recognition Award for zero audit findings.

• Received 2015 Recognition Award for excellent customer service.

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