Loan Processor Underwriter
Resume:
DESIREE WHITE CRAWFORD
*** ***** ******, **** ****** Box 469
Henderson, North Carolina 27536
Senior Quality Control Underwriter
Federal Home Loan Mortgage Association - McLean, VA
July 2010 to March 2020
Manually underwrote 5-6 closed performing and non-performing loans daily
Prepared repurchase letters for imaged file loans determined to require repurchase remedy
Received Accept, Contract Exception, and Repurchase authority
Decision appeal from sellers/servicers
Telecommuted from home three days a week
Senior Quality Control Underwriter
Crosby Corporation, Inc
August 2009 to July 2010
Manually underwrote 5-6 closed nonperforming loans daily
Prepared repurchase letters for imaged file loans determined to require repurchase remedy
Received Accept, Contract Exception, and Repurchase authority
Performed quality assurance review on new underwriters' loans
Telecommuted from home three days a week
Contract Underwriter
E*TRADE Financial
August 2007 to July 2009
Manually underwrote 8 -10 closed nonperforming imaged file loans daily for repurchase
Performed manager review of loans targeted by other underwriters for repurchase
Reviewed rebuttal letters from lenders
Member of repurchase negotiation team for one series of rebuttals
Maintained comprehensive library of investor guidelines for project use
Prepared training manual for new underwriters
Conducted a training class for three groups of new underwriters
Served as a project leader on special assignments
Contract Underwriter
Contemporary Services, Inc
June 2007 to August 2007
Reviewed, examined, and underwrote 5 - 7 conventional residential mortgage loans daily to ensure soundness, business value and compliance with company and investor standards, including Fannie Mae and Freddie Mac
Used Desktop Underwriter and Loan Prospector for automated underwriting decisions
Determined and documented loan conditions and communicated loan requirements and/or decisions
Reviewed detailed historical and projected financial analysis utilizing tax returns and financial statements
Was delegated lending authority to $650,000 with RMIC and $700,000 with Wachovia
Contract Underwriter
Pro Unlimited
February 2007 to June 2007
Assessed loan attributes and documentation of conventional residential mortgage imaged file loans for soundness and accuracy, and decisioned 5 -7 loans daily
Determined appropriate recommendations subject to management and underwriting guidelines, including Fannie Mae and Freddie Mac
Used Desktop Underwriter and Loan Prospector for automated underwriting decisions
Reviewed, evaluated, and synthesized data to ascertain loan viability and identified risk issues and potential fraud
Independently performed financial analysis on borrowers using tax returns and financial statements
Assisted in identifying, recommending, and negotiating alternative loan requirements, funding, and/or loan structuring solutions
Was delegated lending authority to $650,000 with Triad Guaranty and Bank of America
Pro Unlimited
April 2006 to February 2007
(Clients were United Guaranty and CitiMortgage)
Contract Underwriter
Contemporary Services
September 2005 to April 2006
Assessed loan attributes and documentation of conventional residential mortgage loans for soundness and accuracy, and decisioned 5 - 7 loans daily
Determined appropriate recommendations subject to management and underwriting guidelines, including Fannie Mae and Freddie Mac
Used Desktop Underwriter and Loan Prospector for automated underwriting decisions
Performed manual underwriting of residential mortgage loans using CitiMortgage program guidelines
Independently performed financial analysis on borrowers using tax returns and financial statements
Reviewed loan applications, performed property analysis, and prepared conditions for mortgage loans for cooperative properties
Was delegated lending authority to $500,000 with United Guaranty, to $550,000 with PMI, and $650,000 with CitiMortgage
Contract Underwriter
Hanover Capital Partners, Inc
July 2005 to September 2005
Reviewed closed loans to determine loan-level risks including potential fraud for investors purchasing loans on the secondary market
Examined closed loans to ensure federal and state regulatory compliance
Reviewed loan servicing histories for closed loans
Contract Underwriter
The Bohan Group, Inc
May 2005 to September 2005
Reviewed closed loans to determine loan-level risks including potential fraud for investors purchasing loans on the secondary market using Bohan's Brain automated underwriting system and performed manual underwrites of some closed loans
Examined closed loans to ensure federal and state regulatory compliance
Reviewed loan servicing histories for closed loans
Performed quality control analysis of closed loans reviewed by other underwriters
Contract Underwriter
Headway Staffing Services
August 2004 to November 2004
Assessed loan attributes and documentation of conventional residential mortgage loans for soundness and accuracy, and decisioned 5 -7 loans daily
Determined appropriate recommendations subject to management and underwriting guidelines, including Fannie Mae and Freddie Mac
Used Desktop Underwriter, Loan Prospector, and Chase's Zippy system for automated underwriting decisions
Reviewed, evaluated, and synthesized data to ascertain loan viability and identified risk issues and potential fraud
Independently performed financial analysis on borrowers using tax returns and financial statements
Assisted in identifying, recommending, and negotiating alternative loan requirements, funding, and/or loan structuring solutions
Was delegated lending authority to $400,000 with Genworth and $650,000 with Chase
Contract Underwriter
Clayton, Inc
June 2004 to August 2004
Reviewed closed loans to determine loan-level risks including potential fraud for investors purchasing loans on the secondary market using Clayton's
CLAS automated underwriting system and performing manual underwrites of some closed loans
Examined closed loans to ensure federal and state regulatory compliance
Reviewed loan servicing histories for closed loans
Contract Underwriter
Headway Staffing Services
March 2004 to June 2004
Assessed loan attributes and documentation of conventional residential mortgage loans for soundness and accuracy, and decisioned 5 imaged file loans daily
Determined appropriate recommendations subject to management and underwriting
guidelines, including Fannie Mae and Freddie Mac
Used Desktop Underwriter and Loan Prospector for automated underwriting decisions
Reviewed, evaluated, and synthesized data to ascertain loan viability and identified risk issues and potential fraud
Independently performed financial analysis on borrowers using tax returns and financial statements
Completed training on Genworth's Wappview (paperless files process), Loan Safe/History Pro, and Underwriter Workstation
Contract Underwriter
Boston Portfolio Advisors, Inc - Boston, MA
December 2003 to January 2004
Performed due diligence audit of promissory notes and Truth-in-Lending statements for student loans
Contract Underwriter
Custom Staffing, Inc
July 2003 to September 2003
Assessed loan attributes and documentation of conventional residential mortgage loans for soundness and accuracy, and decisioned 5 loans daily
Determined appropriate recommendations subject to management and underwriting guidelines, including Freddie Mac
Used Desktop Underwriter, Loan Prospector, and Wells Fargo's LIS system for automated underwriting decisions
Reviewed, evaluated, and synthesized data to ascertain loan viability and identified risk issues and potential fraud
Independently performed financial analysis on borrowers using tax returns and financial statements
Loan Processor/Staff Underwriter
Mortgage Tree Lending
November 2002 to May 2003
Decisioned 7 mortgage loans daily using Desktop Underwriter or Loan Prospector or CLUES for Countrywide or ASSETWISE for GMAC
Skills and Certifications
Software Skills
Microsoft Word, Microsoft PowerPoint, Microsoft Excel, Google Workspace,
Microsoft Teams, Cisco WebEx
Certifications
Associate Professional Risk Manager (from PRMIA)
Education
Juris Doctor
University of North Carolina - Chapel Hill, NC
Bachelor of Arts in Political Science and Economics
Howard University - Washington, DC
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