Mortgage Underwriter Loan Processor
Resume:
***********@*****.***
KARLON MERCADO
SUMMARY Detail-oriented underwriter with a background in escrow assisting and mortgage loan closing with over 20 years of experience. Expertise in lending & underwriting, risk assessment, income/credit analysis, loan funding and documentation. Consistently commended for the timely and accurate completion of compliant loan packages. Comprehensive knowledge in underwriting guidelines and restrictions for conventional and government-insured loan programs for both conforming and non-conforming mortgages.
PROFESSIONAL
EXPERIENCE
MARKET RATE, INC. – FOUNTAIN VALLEY, CA
LOAN PROCESSOR
10/2022 to 03/2023
• Diligent and detail-oriented -- thorough in gathering borrower information, verifying loan documents and reviewing file documentation to guide each loan from preapproval to loan closing
• Ensured all files were complete prior to underwriting hand-off and coordinated effectively with title and escrow companies to ensure smooth loan closing
• Mortgage industry professional with loan-processing experience and a comprehensive knowledge of conventional and government loan programs FIRST AMERICAN TITLE CORP - SANTA ANA, CA
ESCROW ASSISTANT / MORTGAGE LOAN CLOSER
10/2021 – 08/2022
• Preparing and reviewing loan closing packages and paperwork
• Ensuring the accuracy and completeness of all required documents
• Managing and resolving any concerns, problems, and documentation issues
• Acting as an intermediary between all parties involved in mortgage loan transactions.
• Ensuring closing details comply with state and federal regulations
• Coordinating mortgage closing proceedings
• Maintaining accurate closing schedules
Page 2 Karlon Mercado
FIRST AMERICAN TITLE CORP - SANTA ANA, CA
SR. MORTGAGE UNDERWRITER / QC UNDERWRITER
04/2011 – 10/2021
• Underwrite mortgage loan files for agency compliance and investor guidelines
• Approve or approve with conditions loan submission after careful consideration and explore possible alternatives before resorting to a suspense or denial.
• Conduct internet research utilizing public records to support or disprove information presented in the loan-package delivered for review
• Thoroughly analyze title report, credit report, tax returns, bank statements, automated underwriting system approval, loan applications, bankruptcy papers and other necessary loan documents and conclude the proper audit and present accurate findings review
• Effective efficient pipeline management and prioritization of tasks at hand on daily basis to achieve personal and company goals
• Maintain a working knowledge of state, federal and general banking regulatory/compliance requirements
406 PARTNERS, LLC- SALT LAKE CITY, UT
CONTRACT UNDERWRITER / DUE DILIGENCE
04/2007-02/2011
• Performing post-Closing Audit of loan products to ensure compliance within investor guidelines
• Reviewing all loan documents to verify completeness, Identify discrepancies and all required Closing documents and disclosures
• Analyzing loans with guideline exceptions and determining if approval is warranted
EDUCATION Coastline Community College - Costa Mesa, CA 1/2002 - 12/2002
Real Estate Loan Processing and Underwriting
Orange Coast College - Costa Mesa, CA
8/1998 - 8/2000
Associate Degree
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