Loss Mitigation Underwriter Ii
Resume:
Jacksonville, FL *****
*******@*****.***
Wilson L. Lee
Loss Mitigation Underwriter II
Loss Mitigation Underwriter II works with borrowers who are interested in remaining in their homes or liquidating their property. They review all retention and non-retention workout options, including, but not limited to repayment plans, modifications, short sales, and deeds-in-lieu. The Loss Mitigation Senior Underwriter provides training to new hires, reinforcement training to the team, reviews and responds to department escalations, and completes special projects as assigned.
Core Competencies
Loss Mitigation Underwriting / Title Review/ Loan Processing/Closing Procedures Relationship Management Client/Customer Service Default / Portfolio Management Loss /Risk Mitigation Policy/Application Reviews Quality Assurance
Regulatory Compliance Reporting/Audits Database Management Process/Operational Improvements
Data Analytics Credit Checks Third-Party Relations
Computer Skills: MS Office Suite – Word, PowerPoint, Excel (pivot tables, VLOOKUP) Visio MS SharePoint MSP LPS Desktop Invoice Management/ Process Management Freddie Mac Automated Underwriting Systems (AUS
Professional Experience
CARRINGTON MORTGAGE SERVICES Anaheim, CA October 2023-Present
Loss Mitigation Underwriter II, (Loss Mitigation)
Analyze loans for loss mitigation retention and liquidation workout eligibility based upon lender program requirements, investor approval matrix and state and federal programs.
Review customer loss mitigation packages and identified deficiencies in requirements and generated notices to borrowers with items needed to cure deficiencies.
Generate customer approval and adverse action notices for modifications, short sale or deed-in-lieu.
Coordinate with Carrington Intake Specialists on items required by lenders or for documentation to complete loss mitigation review.
Stays abreast of industry program requirements, including GSE/Insurer requirements.
Maintain all databases, workflows, and systems by referring loans for investor approval.
Complete modifications including pro forma escrow analysis.
Complete special projects as assigned.
SELENE FINANCE / PRETIUM ENTERPRISE SERVICES (PES), Jacksonville, FL July 2018 – October 2023
Loss Mitigation Senior Underwriter, (Loss Mitigation)
Analyzed loans for loss mitigation retention and liquidation workout eligibility based upon lender program requirements, investor approval matrix and state and federal programs.
Reviewed customer loss mitigation packages and identified deficiencies in requirements and generated notices to borrowers with items needed to cure deficiencies.
Generated customer approval and adverse action notices for modifications, short sale or deed-in-lieu.
Coordinated with Selene Mortgage Specialists on items required by lenders or for documentation to complete the modification, short sale or deed-in-lieu.
Stayed abreast of industry program requirements, including GSE/Insurer requirements.
Maintained all databases, workflows, and systems by referring loans for investor approval.
Completed modifications including pro forma escrow analysis.
Conducted training with newly hired underwriters, provided reinforcement training and coaching and feedback to the team.
Completed special projects as assigned.
SELENE FINANCE / FLAGSTAR SERVICING, Jacksonville, FL April 2014 - July 2018
Title Examiner, (Loan Resolution)
Recruited to process and examine titles to determine legal condition of primarily residential property title. Prepare for closing procedures of conventional and government (GNMA/Freddie/FHA/VA) retail mortgage loans under various loan programs in accordance with policies and procedures. Work on purchases, assumptions, and refinance loans.
•Handled approximately 35 title assignments/monthly, resulting in an average resolution rate of 95% for 5 years.
•Ordered, read and understood various title reports, commitments, and other various title products for approved Loss Mitigation workouts.
•Identified resolved in the quickest timeframe possible, title issues in connection with residential mortgages on conventional and government GNMA/FREDDIE//FHA/VA loans.
•Responsible for resolving complex title issues by reviewing and determining the best course of action cure in any title clouds
•Coordinate and communicate with title vendors and other business partners to facilitate and expedite resolution of title issues.
Education
B.S. Mathematics
KNOXVILLE COLLEGE, Knoxville, TN
A.B.S degree, Accounting and Computer Science
DRAUGHONS JR COLLEGE, Knoxville, TN
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