Mortgage Underwriter and Risk Specialist

CARLA OUTEN

**** *** ******* **, *******, DE **963 • H: 302-***-**** • C: 516-***-**** • **********@*****.***

PROFESSIONAL SUMMARY

Focused on mitigating company risks while meeting profit goals by making strategic decisions based on sound criteria as skilled Mortgage Underwriter. Successful in leading underwriting teams and training junior staff to handle high workload with impeccable accuracy. Proven expertise in identifying unacceptable risk and preventing fraud.

SKILLS

Encompass

Calyx

Lexis Nexis

Mortgage Insurance

LP/DU/Freddie Mac

Microsoft Word/Microsoft Teams

Microsoft Excel

Lakewood

Corelogic, Paper list,

WORK HISTORY

Independent Contractor Mortgage Underwriter

M&T Bank - Milford, DE 06/2022 – 11/2024

Retail/Remote U/w

Underwrote all Conventional Loans and FHA Full Doc, Line of Credit, Loans

FHA CHUMS, Aware of all FHA guideline changes and Hud 4000.1 handbook and Fannie Mae, Freddie Mac guidelines.

Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.

Applied grades to each loan application based on established criteria to keep institutional risk low.

Checked personal and team calculations to validate information and underwriting decisions.

Maintained mortgage program compliance with federal agencies such as VA, HUD and FNMA.

Checked personal and team calculations to validate information and underwriting decisions.

Reviewed team underwriting decisions to identify incorrect actions and reverse previous decisions when merited.

Explained very technical financial information to applicants in easy to understand language.

Monitored pipelines to track and log status of loans.

Conventional/FHA DE Underwriter

Lakeview Loan Servicing LLC – Port Washington, PA 01/2017 – 06/2022

Retail/Remote U/w

Underwrote all Conventional Loans and FHA Full Doc, FHA Streamlines Loans

FHA CHUMS Number, Aware of all FHA guideline changes and Hud 4000.1 handbook and Fannie Mae, Freddie Mac guidelines.

Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.

Applied grades to each loan application based on established criteria to keep institutional risk low.

Checked personal and team calculations to validate information and underwriting decisions.

Maintained mortgage program compliance with federal agencies such as VA, HUD and FNMA.

Checked personal and team calculations to validate information and underwriting decisions.

Reviewed team underwriting decisions to identify incorrect actions and reverse previous decisions when merited.

Explained very technical financial information to applicants in easy-to-understand language.

Monitored pipelines to track and log status of loans.

Conventional/FHA DE Underwriter

Freedom Mortgage Corp - Newark, DE 03/2014 - 08/2016

Retail/Remote U/w

Underwrote all Conventional Loans

FHA CHUMS Number, Aware of all FHA guideline changes and Hud 4000.1 handbook.

Worked with processing team members to communicate errors and obtain missing information for current applications.

Obtained copies of applicants' credit histories and reviewed paperwork to determine feasibility of granting loans.

Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.

Applied grades to each loan application based on established criteria to keep institutional risk low.

FHA/Conventional/DE Underwriter/Wholesale

Mortgage Enterprise LTD - Carle Place, NY 09/2011 - 12/2013

Underwriter for FHA/Conventional Loans/ VA IRRRL,

Underwrote 4 new files per day and work on all existing files in my pipeline daily

Ran all new loans thru DU or LP for approval

Reviewed all Appraisal, Titles, credit reports and credit scores and all other documents to make sure loan qualify and meet guidelines.

Assist Brokers with the loan status of the loan and there pipeline.

FHA/Conventional/DE Underwriter/Retail

E Mortgage Management LLC - New Castle, DE 05/2009 - 05/2011

Underwriter for FHA / Conventional Loans

Analyze the risk involve in a mortgage loan application in order To determine the risk is acceptable utilizing FHA, FNMA, FHLMC and all other investor guidelines.

Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.

Applied grades to each loan application based on established criteria to keep institutional risk low.

Worked with processing team members to communicate errors and obtain missing information for current applications.

Balanced risk against profitability to make optimal business decisions and guided junior team members in making similar critical decisions.

Maintained mortgage program compliance with federal agencies such as VA, HUD and FNMA.

Wholesale DE Underwriter

Precision Financial Inc - Syosset, NY 02/2008 - 07/2008

Conventional /Retail/, FHA (203B), 1-4 family FHA (234C), Condo

Conventional (Fannie Mae / Freddie Mac)

Review Appraisal report to determine value of the property

Reviewed credit reports for sufficient fico scores, trade lines and all others to make sure it is an acceptable report

Reviewed all other documentation to make sure it is acceptable to investor's guidelines.

Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.

Applied grades to each loan application based on established criteria to keep institutional risk low.

Worked with processing team members to communicate errors and obtain missing information for current applications.

Conventional Wholesale DE Underwriter 05/2006 – 06/2008

First Lincoln Mortgage - Melville, NY

Underwriter for FHA / Conventional mortgages for 13 Brokers using automated Desktop or manual underwriting

Performed in house underwriting for conforming or non-conforming loans

Performed Appraisal reviews and credit analysis along with review of all other documentation.

FHA / Conventional / Subprime / QC Underwriter 03/2005 – 05/2006

American Home Mortgage - Melville, NY

Reviewed all closed loans to make sure loans were in the correct programs and acceptable to investor guidelines requirements for purchase

Preformed appraisal review, credit fico scores, analyzed application for completeness

Re-verified all documentation in loan file as well as reviewing HUD-1 Settlement Statements and closing documentation.

DE

Lend America – NY 06/2001 - 03/2005

FHA / Conventional / Subprime /, Underwriter/ Retail

Analyzed the risk involve in a mortgage loan in order to determine the risk is acceptable utilizing FHA, FNMA, FHLMC and all other investor guidelines

Performed in house underwriting & Automated Desktop underwriting.

EDUCATION

Capstone Institute 1999

DE Underwriter Training Certificate Melville

Roosevelt Jr. Sr. High School - Roosevelt, NY 1984

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