Mortgage Underwriter Loan

Alma Carranza-Gutierrez

Mortgage Loan Underwriter

ady66j@r.postjobfree.com • 480-***-****

https://www.linkedin.com/in/alma-carranza--33055024a Gilbert, Arizona

Seasoned and analytical mortgage underwriter with 15+ years of experience in banking and lending industry.

Proficient in mortgage manual/automated underwriting to assess loan applications, evaluate risk, ensure compliance, and make informed lending decisions. Profound knowledge of consumer loans and mortgage loans, including Fannie Mae, Freddie Mac, FHA, bank loans, private investors, and government loan programs. Adept at evaluating loan applications and resubmission files in compliance with lender programs, guidelines, and industry standards. Eloquent communicator; skilled at building strong rapport with key stakeholders, leveraging trust, respect, and transparency to attain mutual success.

Areas of Expertise

Mortgage Manual Underwriting

Loan Processing & Documentation

Fraud Assessment & Mitigation

Relationship Building & Networking

Financial Analysis

Collateral Evaluation

Quality Assurance

Team Leadership

Income Assessment

Regulatory Compliance

Conditions Analysis

Capital Assessment

Accomplishments

●Achieved top sales award winner for outstanding sales performance and surpassing targets.

●Successfully completed rigorous training and examination process to become Certified Master Mortgage Underwriter (NAMU-CMMU) with advanced expertise in mortgage underwriting.

●Consistently ranked in the top 5% based on high quality and production.

●Provided invaluable assistance to counsels and judges in complex files for timely and successful resolution.

●Played crucial role in minimising potential risks by conducting thorough reviews of vendor work, including appraisals, titles, homeowners’ insurance (HOI), and homeowners’ association (HOA) documents.

●Received recognition for consistently maintaining high level of accuracy and efficiency in underwriting.

●Earned reputation as trusted and reliable Mortgage Underwriter, known for delivering prompt and well-informed underwriting decisions.

●Conducted comprehensive analysis of submitted loan files, meticulously evaluating Capacity, Capital, Collateral, and conditions to determine loan feasibility.

Professional Experience

Digital Risk Mortgage Services, Maitland FL / Remote Nov 2021 – Nov 2022

Senior Mortgage Underwriter

Executed all complex personal and business income and financial analyses, involving tax returns and profit and loss statements. Utilised LOS (Bank of America Proprietorship Mortgage Software AUS - DU/LP) to perform mortgage operations. Documented and conveyed approval/denial rationale for loans efficiently.

●Conducted thorough manual underwriting for residential mortgage loans by assessing creditworthiness, income stability, and collateral value of applicants.

●Mitigated risks by thoroughly assessing Appraisal, Title, HOI (Homeowners Insurance), HOA (Homeowners Association), Flood, MI (Mortgage Insurance), and Fraud reports.

●Mentored junior underwriters on manual underwriting processes with best practices and regulatory updates.

●Performed comprehensive evaluations of income, credit reports, potential assets, and other liabilities, including detailed analysis of self-employed income.

●Scrutinised and evaluated borrower profiles, credit reports, income, and asset documentation.

●Examined and approved purchase and refinance loan applications in compliance with defined conditions.

Angel Oak Mortgage Solutions, Atlanta, GA / Remote Mar 2021 – Oct 2021

Conventional Mortgage Underwriter/ Encompass AUS DU/LP as the LOS

Assessed loan eligibility and determined applications’ approval or rejection. Verified loan applications and relevant documents to minimise risk of potential fraud and inaccuracies. Fostered positive experience and built trust by providing clear and transparent communication with applicants Calculated income, debt-to-income, and Loan-to-Value ratios.

●Clearly communicated reasons for approving or rejecting loans to assist applicants make informed decisions.

●Requested and assessed Title, Flood/Hazard Ins. Fraud Report, Appraisal, and Mortgage Insurance.

●Analysed Appraisals, Preliminary Title Reports, HOI, HOA, and Flood, and scrutinized Fraud Reports for issues.

LoanDepot.Com LLC, Atlanta, GA / Remote Sept 2020 – Mar 2021

Mortgage Loan Underwriter III/ Empower AUS DU/LP as the LOS

Acquired and upheld knowledge and compliance with internal policies. Analysed borrower's credit profile, collateral, capital, and capacity to repay proposed mortgage obligation. Ensured loan conformity to agency and government guidelines and evaluated approval feasibility. Decided on file status, returning application to loan office to complete underwriting process.

●Empowered Australian Digital University/Learning Platform to function as Loan Origination System (LOS).

●Conducted income analysis (Fixed, W2, self-employed income) utilizing personal and business tax returns.

●Examined Appraisals, Prelim Title report, HOI, HOA, and Flood, and assessed Fraud Report for any concerns through strong LOS (DU/LPA) experience.

●Evaluated mortgage loan applications and submitted conditions to reduce bottlenecks and deliver smooth loan processing from application to closing.

●Expedited loan approval process, leading to increased client satisfaction and faster loan closings.

●Achieved high rate of successful loan approvals, while maintaining compliance with industry regulations.

Wells Fargo Bank, Chandler, AZ July 2010 – June 2020

Consumer Loan Underwriter III

Analysed borrower's credit profile, collateral, capital, and capacity to gauge their ability to repay proposed mortgage obligations. Rendered final decisions on files and returned loan applications to loan officer with requests for additional documents required to complete underwriting process. Stay abreast of internal policies to ensure compliance.

●Evaluated mortgage loan applications and accompanying conditions to provide approval or denial as appropriate.

●Precisely articulated conditions and ensured detailed documentation to support credit determinations.

●Conducted comprehensive income analysis encompassing various types such as fixed income, W2 income, and self-employed income, including personal and business tax returns.

●Carefully assessed Appraisals, Preliminary Title reports, HOI (Homeowners Insurance), HOA (Homeowners Association), and Flood documentation, while also conducting thorough review of fraud reports.

●Ensured strict adherence to agency and government guidelines by assessing loan feasibility before final approval.

Additional Experience

Consumer Loan Underwriter, JPMorgan Chase, Phoenix, AZ

Education & Credentials

Associate of Science in Psychology, Mesa Community College, Mesa, Arizona

Certified Master Mortgage Underwriter (CMMU), National Association of Mortgages Underwriters (NAMU)

Professional Development

Technical Proficiencies: Microsoft Office Suite Wells Fargo & Bank of America Proprietorship Mortgage Software AUS Encompass LOS Empower LOS LexisNexis Mainframe Operating Systems CoreLogic Credco SAM LoanBeam

Languages: English & Spanish - Bilingual

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