Retail and Wholesale Processing and Conventional/non qm Underwriting
Resume:
Christie M. Smith
**************@*****.***
Summary
• Frontline Conventional (Conforming/Non-Conforming) Underwriting
• Forensic/QC Audit Review
• Compliance, Pre-Fund, and Post Closing Audit Review
• Management and Coaching
Professional Experience
March 2020 - Present Hill Country Mortgage Processing Remote Location Mortgage Loan Processing Manager
• Responsible for reviewing, pre-underwriting, and submitting mortgage applications to various Lenders for initial underwriting. Maintain and manage pipeline. Review approvals with Lenders and review required conditions with the Broker/borrowers. Collect items for resubmission and final approval. Understand and maintain a thorough knowledge of all company, investor, correspondent programs and requirements.
• Communicate with Wholesale Mortgage Underwriters, Account Executives and Third Party Entities to assist facu
• Coach new mortgage brokers and training with submissions, income, and file set up.
• Act as Mortgage Loan Closer, ensuring balancing with title agent and facilitate closing with borrower.
December 2019 to March 2020 JMAC Lending Remote Location Senior QC Underwriter
• Maintain a pipeline of prefunding and post-closing loans to review within the required turn times.
• Fully assess loan quality, eligibility, and compliance of selected loans assigned.
• Ensure selected loans are in compliance with federal and state regulations, as well as the most current FNMA/FHLMC, FHA, VA, internal, and investor requirements.
• Perform review of credit, income documentation, calculations, and assets used to qualify for accuracy and compliance in order to validate underwriter’s loan approval.
• Increase process efficiency by identifying potential risk and mitigating factors that may impact the Company through credit decisions and the customer's ability to repay the loan.
• Regularly communicate and provide audit findings to the QC Supervisor. March 2016 to June 2019 American Mortgage Consultants, Inc. Remote Location Underwriter Analyst
• Reviewing loan files for completeness and accuracy.
• Analyzing credit documents, including, but not limited to, mortgage applications, credit history and income documents, title documents, appraisals and all applicable compliance documents.
• Evaluate debt ratio, loan-to-value ratios, credit score, property valuation and various other factors.
• Manual Frontline Underwriting Conventional/Conforming loan products.
• Determining and documenting loan conditions and communicating requirements and/or decisions.
• Identifies portfolio risks resulting from the client's underlying business practices, underwriting, and/or fraud exposure.
• Maintains knowledge of all applicable underwriting guidelines by completing all underwriter training programs, learning any business unit policy and/or guidelines. October 2014 to January 2016 Analytic Focus, LLC San Antonio, Texas Senior Underwriting Manager
• Manages a team of Mortgage Underwriters in the re-underwriting, review and classification of residential mortgage loans corresponding to that of a typical regulatory or due diligence review.
• Monitors quality levels of each underwriter to review adherence to standards.
• Retrieve, review, distribute and discuss policy manuals and guidelines related to the underwriting team.
• Demonstrate leadership skills as a team player by providing superior customer service, being flexible and approachable.
• Perform personnel tasks for the team such as reviewing time sheets, coaching, and identifying training needs.
• Evaluate financial institution’s management performance on correcting issues identified in formal and informal actions related to the lending function. Assesses adequacy of compliance with loan policies.
• Determine if loans were made within the financial institution’s policy and compliance and with governing regulations when applicable.
April 2012 to January 2014 Wells Fargo Home Mortgage San Antonio, Texas Quality Reviewer/Consumer Loan Underwriter 3
• Quality inspection of loan files including FHA, Non-Conforming, BOND, VA and Conventional Mortgage loans.
• Mentoring and coaching to peers and partners within Fulfillment. Responsible for reviewing, analyzing, approving and underwriting large, unusual or complex individual consumer requests and products within company and industry guidelines. Dependent on division and complexity of underwriting, functions may include:
• Reviewing financial statements, credit reports, and applicable ratios(i.e. Debt ratios, loan-to- value).
Evaluating & examining transactions to ensure accuracy and completeness. Preparing formal reports for review.
Ensuring that documents are consistent and uphold to company and industry guidelines.
• Implementing fraud detection techniques, performing compliance reviews. Assisting with re-negotiations of loans based on lending guidelines.
• Contacting customers and partners to gather information to make appropriate decisions, explaining rationale behind credit decision.
May provide work direction and/or training to lower level team members and provide performance feedback to supervisor/manager.
August 2007 to April 2012 USAA Federal Savings Bank San Antonio, Texas Mortgage Loan Underwriter
• Responsible for the analyzing credit documents and underwriting VA/VA Jumbo Mortgage Loans via Fannie Mae Guidelines and investor (PHH, GMAC, and Indymac) requirements.
• Obtained lending authority to underwrite, approve, and decline mortgage loan applications via Fannie Mae criteria.
May 2006 to August 2007 Watterson-Prime Bellevue, Washington Due Diligence Underwriter
• Responsible for the Due Diligence Underwriting- Forensic QC Audit Review.
• Validating and inputting information into Data base for review of loans and saleability
• Auditing for presence of loan disclosures and loan documentation to ensure loan was originated, processed and closed properly within compliance and quality lender guidelines and is salable to several investors based on lender guidelines.
August 2005- May 2006 United American Mortgage Corporation Houston, Texas Mortgage Loan Underwriter
• Complete a thorough analysis of entire loan package to determine compliance with company investor guidelines.
• Be available to Production and Process staff for interpretations and questions in general or for specific loan files.
• Thorough knowledge of reviewing Residential appraisals.
• Understand and maintain a thorough knowledge of all company, investor, correspondent programs and requirements.
• Ability to calculate qualifying income including analyzing tax returns and financial statements.
• Assume additional duties as they arise, cross-train within the department, and be responsive to the department
March 2003 to August 2005 Countrywide Home Loans Bellaire, Texas Conventional Loan Underwriter
• Responsible for underwriting mortgage conventional loans via DU/LP system and to investor guidelines.
• Reviewed client assets and income documentation to qualify mortgage for approval based on guidelines.
• Determined compensating factors to warrant approval via investor guidelines on all REFER loans with challenges outside of automated approval.
November 1995 to August 2002 Washington Mutual Houston, Texas Assistant Financial Center Manager-1998-2002
• Responsible for overseeing operations of Retail Banking Center.
• Solely originated, processed and closed mortgage loan and unsecured loan products, gathering conditions for approval of loan applications
• Managed Teller Supervisor and teller staff with monthly audits and daily operations. Home Equity Underwriter/Consumer Loan Processor -1995-2002
• Analyzed home equity loans and line applications to determine acceptability and compliance according to applicable state and federal regulations to Washington Mutual standards, credit guidelines and programs.
• Collaborated credit decisions using advanced analytical skills to determine credit worthiness according to Washington Mutual credit guidelines, communicating in a timely manner when answering all inquiries.
• Supervised team members ensuring all client issues were addressed and resolved within a reasonable and acceptable time period. Supported day to day operations and workflow. Education
University of Houston Downtown- Senior Status/Major- B.B.A. in Finance Washington High School -High School Diploma 1992
References Available Upon Request
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