Senior Mortgage Underwriter

BEVERLY B SIMS

Professional Profile

Experienced senior mortgage underwriter with extensive background in the mortgage industry, with proven skills in processing, underwriting, due diligence, quality control, auditing, credit assessment/investigation, risk analysis and appraisal review, in the mortgage lending environment with maximum lending experience and credit decision authority.

Strong knowledge of compliance rules and regulations such as FNMA/FHLMC, REG B, Z, FCRA, AA REO relative to the granting of credit. I have strong, analytical, detailed skills with the ability to prioritize do quality assurance while multitasking and learning new systems with concepts relating to underwriting residential mortgages for nonconforming A, ALT A and Government loan programs (FHA) with Ameridream and my community.

Ability to develop/implement procedures to increase productivity and efficiency, working well under pressure within a fast past environment having the ability to prioritize and multitask with interactive support for good team environment and great customer service. Excellent computer skills and experience with all Microsoft Applications.

AUS/Processing Systems and Software Experience

Caylx Point, Contour, Genesis 2000, Loan Works, Loan Handler, Loan Quest, Mortgage Ware, Lotus Notes Empower, CHUMS, E-magic, Zippy-plus, Encompass, EMITS, Fannie Mae/Freddie Mac DU/DO/LP, LexisNexis, PowerPoint, Word, MS Excel, and MS Access

Personal Strengths

Self-starter, resourceful, efficient, reliable and diligent with strong listening skills.

Strong decision making, problem solving, analytical skills and flexible with ability to adapt.

Professional Skills

•Underwriting, Auditing, Management

•Credit Analysis, Processing

•Communication, Problem Solving

•Due Diligence, Quality Control

Professional Experience

Universal Bancorp, Inc. Downers Grove, IL

April/2007-Feb/2008

Underwriter/Processing Supervisor

Achievements:

•Increased closings successfully totaling 3 million a month straight for 2 months exceeding expectations.

Responsibilities:

Nonconforming, Alt-A, government loans were pre-underwritten, reviewed income, credit, title, appraisal conducting credit investigations thru the lexis-nexis program to ensure that credit guidelines were met, supervised 4 processors on clearing conditions, debt ratios and fees. A report was done for the LO’s on decisions that were made by lenders resulting in good feedback which is great customer service for the loan officer and borrower, currently working on Encompass, DU/LP.

BNC Mortgage Inc. Downers Grove, IL.

Oct/2006- April/2007

Senior Level Underwriter

Achievements:

•Exceeded underwriting quota on an average.

Responsibilities:

Evaluated and solved problems from multiple perspectives of the mortgage industry as well as appraisals, title and escrow process, clearing stipulations in an accurate and timely manner using judgment in mortgage underwriting Conventional, jumbo, Alt-A Government, nonconforming loans were underwritten, approving 9 loans per day. Reviewed credit, income, computed DTI/LTV, ratios and priced loans to ensure that credit guidelines were met as well as clearing conditions. Worked on Empower AUS including DU. Resolved complex problems while reviewing the work of others, mentored new employees and provided guidance to team members.

Contemporary Services, Ocwen Mortgage, Downers Grove, IL.

Oct/2005 - July/2006

Senior Level Due Diligence

Contract Underwriter

Achievements:

•Trained outsourced underwriters from our India office on the new AUS.

•Achieved record sales of bulk loans to investors on Due Diligence Projects.

Responsibilities:

Approved 8 government, conforming, non-conforming, and ALT-A loans per day, determining the gross monthly income for various types of borrower’s employment analyzing loan collateral while reviewing title, income, appraisals and credit. Loans manually underwritten when required cleared underwriting stipulations in a timely manner. Due diligence and compliance was performed with investor program guidelines.

Long Beach Mortgage Company/WAMU, Schaumburg, Itasca, IL.

July/2001 - Oct/2005

Senior Mortgage Underwriter

Achievements:

•The implementation of a new underwriting program procedure with LOS and trained underwriters in other locations throughout the U.S. as required.

•200 loans a month underwritten to stay in the top 20 nationally.

•Risk Level was 950K as senior underwriter.

Responsibilities:

10 loans per day were underwritten in accordance with company guidelines which included manually performing underwriting analysis when needed which included non-conventional conventional, government, ALT-A, and loan originations, determining gross monthly income analyzing loan collateral. Reviewed title and accuracy of the appraisal, underwriting loans in accordance with company guidelines using good judgment and placed reasonable stipulations on loan files while clearly and concisely communicating loan decisions to customers and or loan officers in a timely manner. Excellent working knowledge of operational area.

Inventive Mortgage Company, Westchester, IL.

March/2000 - April/2001

Quality Control Manager

Achievements:

•Implemented written procedures and guidelines for loan officers to follow.

•Conducted random audits to evaluated fraud which determined corrective measures.

Responsibilities:

Included quality control/due diligence for 8 offices throughout the Chicago and suburban area. Monitored the processing of loans and first payment defaults and made sure all documentation was accurately being sent out.

Old Kent Mortgage Company, Oak Lawn, IL.

December/1999 - Feb/2000

Senior Underwriter

Achievements:

•Successfully brought out-of-state portfolio realtors/developers to the bank and as loan originator 30% clients to bank for Community Reinvestment Loans from low to high-income customers.

•Average underwrites were 120 exceeding the minimum that was required.

Responsibilities:

Residential loans underwritten for A, ALT A and government programs for first mortgages as well as second mortgages and HELOC’s, determining gross income, reviewing credit, title and doing appraisal analysis for 6 loans a day while staying in compliance with portfolio investor requirements, company policies and procedures, also worked on streamline products for residential properties. Reviewed credit, title, income and appraisals to stay within (A) paper guidelines.

Armada Residential Mortgage, Park Ridge, IL.

September/1998 - Dec/1999

Manager/Loan Originator

Achievements:

•Trained loan officers to comply with standards of company and industry.

•Originated & closed 50% of loans brought into the office.

•Exceeded mortgage quota for office.

Responsibilities:

Managed Virginia based office with 20 loan officers and 5 processors. Processed Government, non-conforming loans, conducted weekly training class to update branch staff on new mortgage policies and procedures.

Education

CHICAGO STATE UNIVERSITY, Chicago, IL.

Bachelor- Science, specializing in Finance

TAYLOR BUSINESS INSTITUTE, Chicago, IL.

Finance Accounting

References Professional references are available upon request.

Contact this candidate