Reverse Mortgage Senior Underwriter
Resume:
MATT DOWNEY
Jefferson, GA 30549
***************@*****.***
QUALIFICATIONS SUMMARY
Award-winning Senior Underwriter with over 20 years experience in highly competitive lending, banking, automotive, and mortgage industries and markets. Successful track record of achievement evidenced by authorization to approve loans up to $1M plus individually, trained over 25-50 individuals during tenure at Fannie Mae and Indymac, directing them to achieve high-ranking results within the company with personal top performance recognition over several quarters. Awards: Top Producer and Quality. Strengths: Manual Underwriting Freddie & Fannie Guidelines DE Certified Fraud Control Reverse Mortgage Loans Forensic Underwriting Multi-State Regulations PROFESSIONAL EXPERIENCE
Fannie Mae Atlanta, GA Contractor June 2010 - Jan 2011 Perm Employee Jan. 2011 - present Senior Credit Compliance Associate
● Completed 4-6 new underwrites and cleared missing doc conditions daily.
● Meticulously reviewed manual underwritten loans for exceptions and ensuring compliance within established guidelines.
● Negotiating directly with lenders to resolve issues related to loan repurchase requests for defective loans.
● Leveraging analytical skills to examine data and identifying trends to help identify fraud.
● Contributed in cross functional projects which helped influence guidelines and process deficiencies to help implement improvements.
● Reviewed tax returns, pay stubs, bank statements, appraisals, sales contracts, and titles to ensure compliance and investigate fraud.
One West Bank Atlanta, GA Nov. 2009 - May 2010
Reverse Mortgage Manual Underwriting
● Performed risk analysis to achieve metrics while underwriting 4 government reverse mortgages loans per day.
● Leveraged expertise in Freddie Mac and Fannie Mae guidelines to clear loan conditions within 24 hours and assure quality.
● Authorized to approve loans up to $650,000 without signatory, and loans of up to $1 million with one signature.
● Utilized tools such as LexisNexis, RealQuest, and History Pro to recognize fraud, increasing the company’s rate of prevention and solidifying appraisal value.
● Provided documentation to HUD to resolve audit findings. HeadStrong (overflow for SunTrust Bank) Atlanta, GA Mar. 2009 – Sept. 2009 Contract Underwriter
● Performed risk analysis to achieve metrics while underwriting up to 5 government loans per day.
● Completed manual forensic underwriting analysis of closed loans to identify deficiencies.
● Reviewed post-close appraisals, asset statements and titles to ensure collateral requirements are met while investigating files for fraud.
● Authorized to approve loans up to $650,000 without signatory, and loans of up to $1 million with one signature.
IndyMac Bank Atlanta, GA Sept. 2002 – Sept. 2008 Sr. Credit Underwriter
● Awards: Over the Top, December 2003; Over the Top, November 2003; Top Producer 3rd Quarter 2003; Top Producer 2nd Quarter 2004; Over the Top October 2004; Over the Top, December 2004; Top Producer, July 2006; Lowest Delinquency, April 2008.
● Tenure with IndyMac Bank marked by fast-track promotions through three levels with progressive responsibilities and top performance marks; member of Elite Underwriting Team.
● Identified problems in the underwriting process and helped develop a new streamlined system to meet tight deadlines, resulting in the department leading a 1.5 hour loan approval time table.
● Trained up to 25 underwriters to adhere to a high level of due diligence while personally managing a portfolio of loans representing $10 million in revenue.
● Authorized to approve loans up to $650,000 without signatory, and loans of up to $1 million with one signature.
● Assigned 10 top performing brokers, calculating various sources of income for loans up to $1 million while underwriting 4-5 loans per day.
Textron Financial Atlanta, GA Nov. 2000 – Sept. 2002 Sr. Credit Underwriter
● Led statistics project analyzing all loans and discovered that over 90% loan to value or LTV and credit score of 620 or lower would likely default; resulted in a process to quickly pre-qualify borrowers, completing loans in 30 minutes.
● Developed best practices and trained new employees to interpret Big 3 credit bureau reports, DTI ratios, and lender guidelines.
EDUCATION
Kennesaw State University Kennesaw, GA Bachelor of Business Administration, Finance
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