Underwriter
Resume:
MARGARET A. PIETRYKA
East Brunswick, NJ 08816
***********@*****.***
Experience
NJHMFA April 2024 to present
Temp UW thru Robert Half
Underwrite loans originated through the HMFA loan programs including modifications according to Policy and Procedure Guide and process documents
Determine applicant eligibility and credit worthiness based on analysis of income tax returns and credit reports
Complete tax compliance for each loan underwritten according to federal guidelines
Work with Agency staff, ensuring compliance with guidelines and applicable regulations
Respond to inquiries regarding the underwriting process
Review submitted appeal requests prior to final management approval
Administer tracking system for loans submitted for purchases with open underwriting conditions
Provide status reports to management, as often as required but at a minimum, weekly
Perform related duties as required
Bristol Myers Squibb FCU February 2024 to April 2024
Member Service Representative
Answering phone calls and written questions, concerns, and complaints regarding membership
Provide information on membership fees, policies, processes, benefits products and services
Recommend and cross-sell products and services to members and potential members
Investigate and resolve or escalate membership and payment issues
Assess member eligibility and process payments, applications, and requests
Document all inquiries and maintain accurate membership records
Municipal Credit Union May 2022 to February 2023
Senior Portfolio Credit Analyst
Provide credit analysis for the lending activities of the institution by analyzing financial information on applicants
Performs cash flow analysis
Underwrite, analyze and prepare loan presentations for residential banking loans
Prepare green-light and transaction approval memos, conduct due diligence, build cash flow models and conduct sensitivity analyses
Underwrite primarily portfolio loans but also have ability to underwrite agency loans
Review and evaluate loan documents to ensure accuracy, completeness, and compliance with company standards, federal and agency standards and guidelines
Analyze requests for pre-approvals, purchase and refinance transactions to ensure investment quality of loans, maintaining accuracy of application and documentation
Demonstrate effective pipeline management skills, including turn-times with management expectation
Maintain acceptable turn times for pre-approval, new application, final decision and resubmissions
Ability to successfully maintain production goals and quality working in a remote environment
Ability to review and identify potential solutions/alternatives for complex loan files
Review real estate loan applications received to identify that transaction type, occupancy, property and ratios meet program guidelines, as well as, all sections of the URLA are complete and accurate
Calculate and analyze loan-to-value ratios, debt-to-income ratios, employment, sources of income, source(s) of down payment funds and funds needed to close. Determine borrower’s ability to repay is within safe harbor
Accurately analyze financial documents: Ability to calculate various income sources, including, hourly, salaried, union, commission, self-employed and fixed income, retirement, personal and business tax returns
Review funds to close and reserves by reviewing assets statements (401K, checking, savings,)
Responsible for reviewing appraisal reports to ensure that the appraisal meet secondary market, investor, and Credit Union guidelines, including drive-by appraisal, AVM for property classification, validity of comparable sales, etc
Review preliminary title reports
Review credit reports and calculate liabilities, while evaluating credit risk
Evaluate borrower’s credit profile and assess risk in accordance with current and historical delinquency
Analyze condominium and co-op documentation to assess stability of projects
Identify red flags and request supporting documentation to identify potential fraud or misrepresentation Utilize system and tools to evaluate potential risks and apply applicable credit decision (approval/counter-offer/decline) accordingly
U.S. Bank May 2021 to May 2022
Mortgage Underwriter III
Underwrite and decision residential real estate mortgage applications within defined limit of authority
Evaluate loan risk through verification of loan application information and clarify risk by requesting additional information as needed
Verify employment and calculate related income
Complete financial analysis and spreads by analyzing personal and financial statements and tax returns using financial analysis programs.
Analyze cash flow reports, calculate ratios, recognize and describe trends and identify recurring and non-recurring sources of cash flow and borrowers’ ability to debt service
Complete all loan status changes
Consult with closing department, branch staff, and to ensure all underwriting conditions are met prior to issuance of clear to close
Identify and record application deficiencies required for rejecting mortgage loan
Perform additional job-related duties as required
Affinity Federal Credit Union October 2017 to May 2021
HELOC Underwriter
Underwrite and decision residential real estate home equity lines of credit within defined limit of authority.
Review loan package for completeness and accuracy
Verify employment and calculate related income
Complete financial analysis and spreads by analyzing personal and financial statements and tax returns using financial analysis programs. Analyze cash flow reports, calculate ratios, recognize and describe trends and identify recurring and non-recurring sources of cash flow and borrowers’ ability to debt service
Maintain system checklist for tracking file documentation
Complete all loan status changes
Provide technical guidance to team processors in regards to underwriting, secondary marketing requirements and title considerations.
Consult with closing department, branch staff, and to ensure all underwriting conditions are met prior to issuance of clear to close.
Interpret and implement underwriting guidelines; keeping informed of current practices in loan underwriting and communicate changes to those concerned.
Perform additional job-related duties as required
HomeBridge Mortgage May 2014 to February 2017
dba REMN Wholesale
Production Underwriter
JPMorgan Chase May 2007 to March 2014
Senior Underwriter
Education
Middlesex County College - Degree in Social Sciences
Reference available upon request.
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