Mortgage Underwriting Operations Manager

Gregory S. Preston

**** ********* ****, #***, ******, TX 76040

Cell: 817-***-****

****.*********@*****.***

SUMMARY

Mortgage Banking

Underwriting – Front End Sales & Default Servicing.

SCRA - Service members Civil Relief Act.

Supervised all aspects of the mortgage origination industry.

PROFESSIONAL EXPERIENCE

CORELOGIC 09/15/2019 – 8/30/2021

RESPONSIPLE FOR REVIEWING ONE TO FOUR FAMILY RESIDENTIAL REAL ESTATE APPRAISALS FOR COMPLIANCE WITH NATIONALLY ACCEPTED APPRAISAL GUIDELINES. REVIEWS WERE DONE FOR VARIOUS CLIENTS INCLUDING BANK OF AMERICA, US BANK, CHASE, NAVY FEDERAL CREDIT UNION AND SEVERAL OTHERS.

SMALL BUSINESS ADMINISTRATION 10/15/2017 TO MARCH 31, 2018

Responsible for underwriting business and home disaster loans. The Small Business Administration grants residential and business loans to borrower who have been affected by a natural disaster such as flood or hurricane. My responsibility consisted of insuring these applications qualified in terms of income/debt and credit and compliance with programs guidelines.

CALIBER HOME LOANS, INC. 3/14/2016-TO 9/1/2016

Daily responsibilities include responding to our national correspondent underwriting

scenario help inbox. Our correspondents and liaisons submit questions concerning underwriting

scenarios regarding FHA, VA, FNMA, FHMLC and USDA loan types. I am required to answer these

questions and cite the relevant guidelines, copy and paste the guideline as well provide the URL and page

numbers for their reference.

My duties also include reviewing pre-purchase conditions for closed loans submitted for purchase

to determine validity and work arounds. The issues are resolved by citing guidelines and requesting addition information or documentation. Once completed I have the authority to clear the loans for purchase or rejection.

In addition, I underwrite conventional loans on a limited basis. I have by Direct Endorsement authority (M675)

and have completed my test cases and I am starting to underwrite FHA loans. I am also working to complete

my SAR training to become a VA underwriter as well.

In addition, I am responsible for rebutting QA issues and agency buy back demands.

As a result of these duties I have accumulated extensive knowledge in the area of guidelines and regulations

for all types of loan product.

SILICON STAFFING GROUP, INC. 5/1/2015-TO 3/14/2016

While with Silicon I was assigned to New Oak Capital, Inc. New Oak represents mortgage entities involved

in litigation as either the plaintive or respondent. The affirmative piece of my responsibilities included reviewing loans which were part of large packages from several origination sources. Each loan was reviewed for compliance with the particular guidelines for that piece of the overall package. The scope of that review included determining compliance with employment, income, asset, credit and collateral guidelines. A detailed

narrative was required for each loan. The rebuttal piece involved defending the lender against claims of

non-compliance. This required reviewing each loan for compliance to the particular guidelines for that segment

of the package and determining and, if needed, rebutting the severity of the cited breach.

Affiliated Bank Mortgage 6/1/2014 – 9/30/2014

Reverse Mortgage Loan Officer

Called on Estate Planners, Family Lawyers, Investment Counselors and In-Home Caretakers.

Met with potential reverse mortgage clients and representative.

Chase Bank

Special Risk Unit Default Underwriter 8/15/2011 – 5/22/2014

Reviewed modification applications for required documentation and investor compliance.

Calculate income in compliance with Chase and investor guidelines.

Communicated with CAS regarding missing or additional documentation.

Was member of first SCRA underwriting team established by Chase.

Scheduled back-up underwriters for support of additional Chase outreach events.

Nationstar Mortgage

Retail Mortgage Loan Officer 12/1/2008 – 4/30/2010

Solicited mortgage loan applications and relationships with realtors and builders.

Met with loan applicants to collect required documentation and discuss loan programs.

Worked with processors, appraisers, title companies and underwriters through the closing process.

CSI Residential Lending 2001-2008

Owner/Operations Manager

Managed day to day mortgage operations.

Hired and supervised processors and underwriters, Managed payroll, accounts payable & receivables.

Texas Bank Mortgage 6/1999 – 11/2001

Vice President – Loan Production Manager

Assisted Loan Officers in their day to day marketing and origination activities.

Monitored production levels.

Maintained current loan program guidelines.

Ameritex Residential Mortgage 4/1989 – 6/1999

President/Operations Manager

Responsible for all day to day company operations.

Hired, trained and supervised all origination, processing, closing, underwriting and post-closing personnel.

Set daily pricing for all loan programs.

Reported to board of directors.

All American Mortgage Company 12/1987 – 4/1989

Vice President Loan Production

Supervised lending activity and functioned as liaison with company builders.

Southland Mortgage, Inc. 9/1985 – 12/1987

Vice President-Secondary Market/Underwriting Manager

Responsible for marketing and selling all mortgage production and commitments.

Supervised mortgage underwriting department.

Acted as liaison with mortgage branch offices.

Civic Savings 2/1974 – 9/1985

Vice President/Lending

Supervised lending, processing and loan servicing operations.

Hired and trained lending processing and loan servicing staff.

Responsible for collection and foreclosure functions.

Maintained REO portfolio from acquisition to disposition.

EDUCATION & MILITARY

Bachelor Degree – Ohio University 1976

US Air Force (Honorable Discharge) 1970

LICENSES AND CERTIFICATIONS

TEXAS LIFE INSURANCE LICENSE

FHA DIRECT ENDORSEMENT CERTIFICATION

SKILLS

Accustomed to proprietary software applications.

Have worked with Chase systems for 3 years.

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