Mortgage Professional with 23+ Years of Underwriting Experience
Resume:
Michael Kimmons
Clayton, MO 63105
**********@***.***
Summary
Mortgage Professional with an expansive and solid tenure of over 23 years in the mortgage lending industry. Experience involves all facets of the third-party loan origination process from the initial review of a loan application to the reps and warrants stage in the secondary market. Proven results skill set with the ability to absorb and present complex policy and information to all levels of employee, management, and customers. Credit Analyst
Cross Country Mortgage
February 10, 2025-February 28,2026
• Responsible for advising, mentoring and reviewing Conventional, Jumbo and Non-QM underwriters in order to assist them in obtaining their investor specific authority
• Currently Authorized in granting signatures for all Cross-Country Non-QM, Jumbo AUS, Conventional and Community Loan Products
• Selected for multiple, high level QC Investor projects for executive management to determine trends in improving salability to investors Jumbo Underwriter
Guaranteed Rate
November 25, 2024 -January 31,2025
• Authorized Underwriter for loans up to $2,500,000 for Non-conforming/ Jumbo Products within the Jumbo Delegated channel for all Guaranteed Rate’s investor offerings
• Manages communications and policy instructions as needed for Processing, Sales, and the Post-Close Purchasing Team (known as “PODS”)
• Granted additional responsibilities to assist management with the training of new underwriting staff as needed.
Non-QM Underwriter
Champions Funding
July 15, 2024-November 22, 2024
• Perform manual underwriting reviews to ensure the loan meets all product and property guidelines of Champions and the Investors and is compliant with corporate and secondary market investor standards.
• Serves as a primary point of contact as a subject matter expert assisting the sales force in structuring eligible loans with Champions Third Party Originators.
• Work with internal and external partners to clear conditions in a timely manner Credit Analyst
Cross Country Mortgage
August 8, 2023-July 15 2024
• Responsible for advising, mentoring and reviewing Conventional, Jumbo and Non-QM underwriters in order to assist them in obtaining their investor specific authority
• Currently Authorized in granting signatures for all Cross-Country Non-QM, Jumbo AUS, Conventional and Community Loan Products
• Selected for multiple, high level QC Investor projects for executive management to determine trends in improving salability to investors Jumbo Oversight Credit Analyst Underwriting
Guaranteed Rate
Promotion-February 1st 2022-July 13, 2023
• Responsible for advising and mentoring both conventional and jumbo underwriters to succeed in obtaining their investor specific authority signatures (Perform 2nd level reviews)
• Currently authorized in granting signatures for the following investors: AIG, BAML, Bank United, Chase, Citi, Flagstar, Goldman Sachs, Hometown, JP Morgan, M&T Bank, Morgan Stanley, PendFed, Redwood, Truist, TD Bank, and US Bank-This includes all NON QM Products as well
• Creates and presents multiple internal credit risk projects, including developing power points and recordings to utilize as a training mechanism for conforming and jumbo underwriters
• Maintains and updates Guaranteed Rates internal resource center as needed on the most current investor guidelines and Guaranteed Rate’s policy overlays Jumbo Underwriter
Guaranteed Rate
September 14, 2020 -January 31,2022
• Authorized Underwriter for loans up to $2,500,000 for Non-conforming/ Jumbo Products within the Jumbo Delegated channel for all Guaranteed Rate’s investor offerings
• Manages communications and policy instructions as needed for Processing, Sales, and the Post-Close Purchasing Team (known as “PODS”)
• Granted additional responsibilities to assist management with the training of new underwriting staff as needed.
Senior Correspondent Underwriter IV
TIAA BANK (Formerly Everbank): Chesterfield, MO
August 2012-September 11, 2020
• Authorized Underwriter for all loans up to $1,500,000 on both Conforming and Non-conforming Products within Preferred Correspondent Channel
• Communicated with correspondent lending sales and clientele regarding loan decisions, conditions, scenarios, and underwriting guidelines
• Possessed NON-QM Authority
• Performed detailed review and verification of complicated asset, collateral, and income documentation for accuracy
• Rendered validation and analysis of credit with or without the assistance of an Automated Underwriting System, which would include manual underwrites on certain files
• FHA Authorized
Underwriter III:
Citimortgage: O’Fallon, MO
May 2012-August 31, 2012
• Utilized systems in place, including automated underwriting to underwrite traditional and non-traditional loan profiles in a timely manner
• Underwrote Domestic and International Relocation Clientele exclusively and rendered credit decisions analyzing foreign asset, income, and credit documentation
• Managed expected service levels related to decisioning
• Updated information on processing and underwriting systems to verify, add, delete or waive conditions
• Demonstrated exemplary leadership skills as a team player by providing superior customer service, being flexible and approachable to fellow colleagues and customers
Senior Underwriter:
Aurora Bank FSB: Chesterfield, MO
January 3, 2012-May 1, 2012 (Dissolution of St. Louis Branch)
• Authorized Underwriter that maintains a high quality in execution of underwriting authority to both portfolio and secondary market standards for conventional loans up to $417,000
• Review daily reporting for accuracy and reconciliation against production system information
• Exercise prudent judgment in loan decision making and in recommending loan decision exceptions to Bank Management
• Assists with training of non-underwriting staff as needed to support a quality driven environment
• Audits monthly performance standards for fellow Branch Underwriters Assistant Vice President: (MI) Mortgage Insurance Resolution Analyst Citimortgage: O’fallon, MO
May 2011-January 2012
• Manages a day-to-day pipeline consisting of rescissions, remedy and billing claims cited for underwriting issues, loan quality deficiencies, non-compliance, and fraud/misrepresentation
• Researches and validates all 1st MI rescission claims to prevent unnecessary losses to Citimortgage
• Prepares formal written claim rebuttals and notifications detailing findings for cure or repurchase
• Identify and document salability and fraud issues, develop appeals and make recommendations for claim resolution
• Serves as a liaison between the 1st Mortgage Department and assigned MI Companies and Investors in connection with MI claims
• Negotiates resolution of disputed claims with MI insurers
• Develops relationships and works effectively with other functional units within Citimortgage
• Completes database input for notifications, process flows, and transaction history details, including actions taken and contact with investors and/or MI companies Underwriter III
Citimortgage: O’Fallon, MO
September 2009-May 2011
• Rendered quality mortgage credit decisions on existing Morgan Stanley Smith Barney clientele, analyzing complex and expansive income and asset documentation
• Provided prompt and courteous service to internal staff and external customers by explaining a decision and offering counseling options
• Improved productivity by overcoming obstacles and independently completing assigned responsibilities with minimal supervision
• Displayed perseverance and follow through on projects, accomplished challenging goals, and maintained a high performance standard
• Adapted quickly to changes in policies, procedures, or circumstance
• Proactively took on additional responsibility and learned new techniques and technology
Senior Underwriter (Contract Employee)
CSI (For Wells Fargo): Springfield, IL
January 2009-August 2009 (contract ended)
• Underwrote to the most current policies and guides of Fannie Mae and Freddie Mac, including any Wells Fargo overlay requirements
• Evaluated the validity of complex credit and income documentation of the mortgage applicant
• Provided counteroffer product alternatives based on compensating factors and strengths of the overall loan profile
• Reviewed and established a sound opinion of the appraisal methods used by the appraiser to determine that value is supported based on investor recommendation
• Met and exceeded productivity and quality; in the Top 5 of over 100 contract underwriters
Senior Underwriter
Citimortgage: Irving, TX
May 2007-February 2009 (layoff)
• Performed credit, income, and property analysis on all conventional loans submitted within the timeframe established by management
• Communicated to all entities and levels of Citimortgage on sound credit policy, risk management, and defining operational trend deficiencies
• Responded to quality control findings to ensure business originated and underwritten was in accordance with investor and regulatory compliance
• Mentored internal and external clientele on credit decisions, policy updates, and offering alternative options when necessary
• Maintained exemplary quality control average of >95% during my tenure Underwriter (Loan Analyst III)
WMC Mortgage/General Electric: Addison, TX
August 2006-April 2007 (dissolution of company)
• Analyzed all facets of the borrower loan profile on subprime applicants
(Wholesale)
• Managed risk associated with existing and new borrower relationships through the use of appropriate credit strategies, structure, and compliance with credit policy
• Established appropriate levels of attention and action plan definition by working in conjunction with senior risk management and territory managers on specific trends
Underwriter/Senior Underwriter
Accredited/Formerly Aames Home Loan: Irving, TX
May 2003-August 2006
• Examined subprime loans to ensure credit worthiness in compliance with investor standards
• Assisted regional credit manager with second signatures and exceptions
• Guided new underwriters on acquiring signing authority
• Promoted 4 times within my tenure at company
Junior Underwriter/Underwriter
Origen Financial: Ft. Worth, TX
January 2002-April 2003
• Scrutinized all credit parameters of loan applicants within the manufactured housing niche
• Collaborated with colleagues on a committee of select employees to create new and inventive lending products for this specialized housing industry
• Completed timely reviews of conditions and resubmissions
• Performed manual overlay underwrites for loans that received a “Refer” from Desktop Underwriter or were outside FHA tolerance Intern/Marketing Manager
Coldwell Banker Relocation/Formerly Associates Relocation/Formerly Citi Relocation: Irving, TX
1998-September 2001
• Produced marketing proposals in response to formal solicitations for business by various organizations
• Skilled communicator with detailed knowledge of the company’s objectives, practices, and position in the relocation industry
• Collaborated with department executives to provide clearly written and concise responses to specific clientele requests
• Maintained and updated a shared Request for Proposal database of commonly asked questions and answers
• Monitored case load workflow under very tight production deadlines Education:
Southern Methodist University, Bachelor of Arts/Music: 2001 GPA: 3.79
Magna Cum Laude, and University Scholar Recipient
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