Manager Real Estate

KAREN K. WERNER

**** *. **** ****** –Phoenix, Arizona 85016

602-***-**** **********@*****.***

Professional Qualifications

Management - 20+ mortgage lending experience

Loan Processing FHA, VA, Reverse and Conventional Mortgages

Underwriting over 5 years

Superb knowledge of all aspects of the lending profession including FHA, VA, reverse mortgage, jumbo, non-prime and conventional guidelines.

Delegated to underwrite for one of our investor (previously).

Experienced as a closer, funder and shipper.

Familiar with FISERV banking software.

Responsible for detecting fraud or any inconsistencies in the loan file.

Previously a consultant on an active FDIC mortgage fraud case.

Processed, underwrote and prepared final loan documents for closing.

Managed loan officers, processors or a bank branch for over 20 years.

Licensed Manager for Mical Mortgage during the mid 1990’s.

Extensive VA training.

Direct Endorsement training.

Professional Experience

Unison Bank 12/19/2011 - present

3740 E. Southern Ave. #120

Mesa, AZ 85206

Processed, prepared closing documents, funded loans, approved HUD 1’s and shipped for purchase by the investor (conventional only) as a correspondent. Processed conventional and FHA loans as brokered loans. Responsible for obtaining documentation needed from the borrower, getting the loan approved, drafting loan documents, approving HUD1 and then selling the loan to the investor.

JPMorgan Chase 12/27/2010 – 12/16/2011

Senior Loan Processor

Process FHA and conventional loans including HARP.. Responsibilities include reviewing appraisal, income documents, assets, title reports, generating a new good faith estimate because of changed circumstances and to make sure the file is in compliance, order closing documents and review HUD’1’s. Obtain subordination agreements. Extensive contact with the borrower to ensure that they understand the process, verify the terms of their new loan and request documents needed. Chase’s system is paperless which requires exceptional computer skills.

Credit Union West 08/23/2010 - 11/17/2010

Real Estate Loan Supervisor

Responsible for operations of the department to ensure sound underwriting practices, implementing and maintaining sound lending practices, tracking real estate loan production and trends, and meeting lending objectives.

JPMorgan Chase 10/26/2009 - 08/20/2010

Senior Loan Processor

Process FHA and conventional loans including HARP.. Responsibilities include reviewing appraisal, income documents, assets, title reports, generating a new good faith estimate because of changed circumstances and to make sure the file is in compliance, order closing documents and review HUD’1’s. Obtain subordination agreements. Extensive contact with the borrower to ensure that they understand the process, verify the terms of their new loan and request documents needed. Chase’s system is paperless which requires exceptional computer skills.

HOWE MORTGAGE, Scottsdale, AZ 1994 –10/26/2009

Office Manger, Loan Processor and Delegated Underwrite for one investor.

Managed processors and all support staff which included training, supervision and being proactive to ensure that any conflict would not escalate. If there were any conflicts, it was my responsibility to resolve the issue with a positive outcome. This included talking with either the underwriter, account executive, loan officer, realtor, processors or borrowers. My management style is to resolve the issue at hand without pointing fingers or being nasty. We are a team with the same goal: To get the job done. I also believe in positive reinforcement. Treat your employees as you would like to be treated. Processed mortgage loans (FHA, VA, conventional, reverse, non-prime, jumbo and seconds) verifying authenticity of documents, that the loan fit the investors guidelines, checking for compliance according to ADFI rules and regulations. Responsible for keeping all employees updated of investor guideline changes. Reviewed each and every file for fraud. Implemented a quality control plan which is still in effect. Delegated to underwrite for one our investors and select MI companies. Reviewed HUD 1’s for compliance and to verify all fees are correct.

MICAL MORTGAGE, INC, Scottsdale, AZ Oct 1994 to Aug 1996

Wholesale Account Manager

Responsible Individual for licensee. Established business relationships with mortgage brokers. Processed first time sponsorships for broker to obtain FHA approval. Trained loan officers and processors at various mortgage broker’s office. Answered all questions regarding mortgage products, guidelines, underwriting and closing.

COMMONWEALTH UNITED MORTGAGE, Phoenix, AZ Feb 1993 to Oct 1994

Account Executive

Developed relationships with mortgage brokers. Was number 7 in sales nationwide.

I was the liaison between the underwriter or funder and the mortgage broker.

MUTUAL SAVINGS BANK OF WI, S.A. April 1989 to June 1992

Residential Loan Manager

Appointed Vice President CRA lending. Responsible for all loan files from application through closing. Limited underwriting ability of CRA loans. In lieu of attorneys, I did all the signings and disbursements of funds. Had security clearance and managed operations when needed. Originated and processed auto loans in accordance to bank guidelines.

EDUCATION

Good Faith Estimate and HUD1/HUD1a training

FHA direct endorsement training

VA loan processing and underwriting training

Reverse mortgage training (FHA and FannieMae)

Mortgage broker license preparation

GE & MGIC housing counselor- credit analysis

Wisconsin School or real estate

Property casualty insurance training

CRA sensitivity training

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