Joiray Khalfani

904-***-****

Email: adxyan@r.postjobfree.com

Seasoned mortgage professional with 20+ plus years of experience in the mortgage industry. Commissioned Notary. Experience includes real estate sales, originations, processing and underwriting of full loan package including collateral( credit, income and assets. Underwriting includes AUS/Manual and Non-QM loan packages.

Objective: To obtain a mortgage underwriting position where I can share my knowledge and experience while working as a team player to help the company reach its quarterly and annual goals.

Summary of Qualifications:

•Creative, intelligent, adaptable, honest, personable, self-starter and organized.

•Pay close attention to detail and works well under time constraints. Excellent communication skills (written and verbal). Knowledge of USPAP, FNMA and FHLMC underwriting guidelines.

•Familiar with various mortgage programs and software including:

•Encompass, RealQuest, Mortgage Express, Collateral Management Systems, Chase Loan Manager and FSD

•Qualification and analysis of the salaried, self-employed and/or retired borrower’s ability and willingness to repay a mortgage debt by traditional, loan prospector (LP) and desktop (DU) underwriting methods

•Conforming and non-conforming loan products and critique of all documentation including but not limited to: required disclosures (TIL, GFE, servicing docs, etc); application documentation (1008, 1003, income, assets, credit, appraisals, etc.); miscellaneous documentation and sources (tax returns, lease agreements, notes, HUD-1, CoreLogic, Trulia etc.).

Professional Experience:

10/2020 – 02/2023 Mortgage Underwriter, Quontic Bank

Review income, credit, collateral and various asset types. Including but not limited to paystubs, tax returns, verification of employment. Profit and loss statements. Operating income statements, Business returns. Articles of Incorporation etc.

Assessment of debt-to-income ratio (or DTI), calculation of interest rate and monthly mortgage payment, address any discrepancies or problems in borrowers credit history.

Request additional documentation such as letters of explanation for items in borrowers file such as a lapse in employment or credit references if borrow applied as a foreign national.

Working with loan officers providing information about exactly what is needed to process the borrowers loan application and time frame expectation as to when the borrower might expect an answer.

Extend full approval, conditional approval or denial as per program guidelines with condition list requiring more documentation and explanation.

Underwrite alternative mortgage programs including Community Development Loans (CDL), DSCR production include self-employed and W2 borrowers. Small business owners or freelancers with uneven revenue, gig workers or independent contractors with variable income, borrowers who’s transitioning from a salaried job to run a family business, people whose business has had extraordinary planned or unplanned expenses which temporarily reduced their net income.

me homeowners, retired borrowers, real estate investors with complex income who

12/2014 – 09/2020 Correspondent/Retail Collateral Underwriter III, JP Morgan Chase

•Cross Training and support for multiple lines of business

•Reviewing loan files for completeness and accuracy; analyzing purchase agreements, title, HUD settlement statements and any other documentation impacting the collateral decision-making process.

•Completing manual and automated underwrites for both conforming and non-conforming loan products.

•Determining and documenting conditions when necessary and communicating appraisal decisions such as approvals, denials and suspensions to both internal and external customers.

•Identifying risk, red flags, inconsistencies and irregularities in appraisals and reporting discrepancies to the appropriate groups/departments. Conversing with correspondents and team members to obtain clarification and additional supporting explanations/data as deemed necessary to make a sound lending decision.

•Maintaining knowledge of all applicable collateral/credit guidelines by completing collateral underwriter training and remaining updated on policies and procedures while implementing any business policy and/or guideline change in a timely manner.

•Performing other responsibilities as directed by management including but not limited to actively participating in time studies, team building projects, team meetings and other specialized groups to aid in support of a flourishing department. In addition, contributing to the growth of other within the company by training team mates, new hires and cross training credit underwriters on the appraisal review process and varying types including co-ops, condos, multi-family units etc.

•Maintaining/exceeding Chases’ recommended turn times and quality levels.

06/2019 – 10/2020 Remote Underwriter, Infinity IPS Jacksonville, FL

•Complete Credit and Compliance Reviews on seasoned loans as well as Credit, QM, Non-QM and TRID reviews.

03/2013 – 12/2014 Due Diligence Underwriter, Success Financial Solutions Jacksonville, FL

•Reviewing loan application packages for completeness and accuracy

•Confirming application information (1003) against other documents within the file: validate employment, income, assets, etc. Identify underwriting/data discrepancies and other due diligence issues

•Calculating and verify income structure (employment verification, tax returns, divorce decree, alimony, etc), verify funds to close (verification of deposits, gift funds, IRA, 401K, sale of assets, etc)

•Reviewing loans for compliance related items, i.e. TILA, ROR, and miscellaneous disclosures

•Reviewing and verify credit report (FICO pay history, debt validation)

•Reviewing other real estate owned (i.e., disposition of property, rental income).

•Reviewing appraisals to support value, determine flipping, comps are reasonable, etc.

•Identifying fraud/red flags and outside services used to determine or verify fraud

10/2010 – 02/2013 Appraisal Underwriter to Account Manager, Inhouse Solutions Jacksonville, FL

•Underwriting all appraisal types Single/Multi Family, Final Inspections, CDAIR, Desk/Field Reviews, Condo/Co-ops

•Completing a detailed review of an appraisers work to ensure the completed appraisal meets the clients guidelines, USPAP and industry standards including the reasonableness of the appraised value provided

•Reconciling appraised values for dual appraisals, desk and/or field reviews

•Analyzing rental schedules and multi-family appraisals for accurate and reasonable incomes

•Providing point of contact for rebuttal resolution/Value disputes. Effectively communicate discrepancies to lenders with conflict resolution in mind. Primary point of contact for lenders, loan officers, brokers, underwriters, processors and managers

•Managing and prioritizing the pipelines. Responsible for handling rushes and time sensitive orders

•Consistently exceeding internal and external customer expectations with respect to turnaround times and product quality

•Maintain acceptable company margins

•Managing, training, motivating and coaching existing team members as well as new hires.

•Ordering and tracking appraisal assignments, as well as managing and tracking turnaround times daily.

•Maintaining HR responsibilities including but not limited to accurate timesheet keeping, approval or denial of vacation/time off request and team member resolution in the case of employee to employee conflict

•Delegating day to day activities when necessary

11/05 – 08/10 Appraisal Reviewer Level II, Wachovia Jacksonville, FL

•Communicating effectively when necessary with contractors, appraisers, processors, underwriters, and other internal partners

•Determining whether the appraiser’s valuation data demonstrates the soundness of the appraiser’s opinion of value and ensuring the estimate of fair market value is supported. Recognize analytical and factual errors, report fraud and deficient reports

•Declining or approving the collateral for conventional various loan types and programs

•Handling value and non-value partner inquires, secondary reviews, special projects such as FHA review, Desktop, Condo, Co-op, BPO, Multi-Million, Mixed Use and Multi-Family reviews

•Acting Team Lead in supervisors absence including but limited the distribution and reassignment of work

03/05 – 05/06 Loan Officer, American Home Equity Jacksonville, FL

•Originate and price loans,

•Pre-qualifying client for financing and loan approval including: analyzing and determining accurate assets/income. Calculate DTI for selected program.

•Working knowledge of underwriting guidelines. Run loans through AUS and verify the loan meets requirements. Process file including submission to underwriting, retrieving conditions, reviewing title, ordering/reviewing appraisal and final HUD

04/03- 12/04 Underwriter, West America Mortgage Company Jacksonville, FL

•Underwriting all loan levels through the AUS systems

•Determining, clearing and documenting closer to clear and underwriter to clear conditions

•Recognizing fraudulent tax returns, bank statements, paystubs and requesting management review/exceptions when necessary

•Making counter offers to sell various loan products that the borrower will qualify for

•Communicating daily with brokers, account executives, closers, schedulers and appraisers when necessary

08/02-04/03 Processor, Cendant Mortgage Jacksonville, FL

•Providing single point of contact for the client, financial advisers and other third parties

•Analyzing the borrower’s ability and willingness to repay a mortgage debt

•Review and reconciliation of income and asset data for various types of borrowers

•Knowledgeable with Lender specific guidelines, including but not limited to SUBPRIME, NICHE, JUMBO products, FNMA/FHLMC/FHA guidelines

•Critique of all related documentation, including but not limited to required initial disclosures; application documentation related to credit, employment and financial status; and legal and/or closing documentation from the title to the HUD

•Handling incoming and outgoing calls smoothly and efficiently. Working with daily and weekly production reports

•Clearing post-closing and pre-closing conditions. Successfully processed loans from beginning to end with minimal supervision

•Underwriting loans to AUS findings

10/99 - 08/02 Loan Counselor, Atlantic Mortgage & Investment Corporation Jacksonville, FL

•Maintaining positive customer relations by evaluating, researching client payment histories, offering solutions to delinquent accounts including but not limited to creating short term and long term forbearance plans

•Posting and processing payments, adjusting suspense and escrow accounts, resolve misapplications of payments

•Documenting conversations with borrower and/or third parties

•Working knowledge of FNMA, FHLMC, FHA and Portfolio guidelines

01/99 - 09/99 Administrative Processing Assistant, Caughman Enterprises Jacksonville, FL

•Review and reconciliation of income and asset data submitted by borrowers

•Review of appraisals, credit reports and files for HMDA compliance

•

References available upon request

Contact this candidate