Mortgage Loan Underwriter Resume Samples

Description :

1. Responsible for reviewing mortgage applications and coming to resolution while upholding internal, client, and investor policies.
2. Analyzed income stability, credit risk, current assets, property value, and other information pertinent to the credit decision process.
3. Electronicunderwriting output to ensure loan parameters meet guidelines, appraisals to confirm satisfactory collateral and identify unusual circumstances.
4. Provided options when outside of policy.
5. Identified fraud and risk to the bank.
6. Responsible for productivity goals certifying the highest quality of customer satisfaction and loyalty.
7. Corresponded with loan officers and processors to attain outstanding documentation needed to complete requirements as stipulated on the commitment.

Experience

2-5 Years

Level

Junior

Education

BS

Description :

1. Performed modification eligibility analysis per investor guidelines.
2. Ensured loan submittals met internal and external eligibility requirements Leveraged knowledge of loan products to help restructure turned-down loans for subsequent approvals.
3. Balanced the need for loan-volume with the equally important necessity of optimum underwriting quality to minimize risk while maximizing profitability.
4. Responsible for helping the department meeting service levels.
5. Assisted in achieving service level by participating in the Special Loan dept.
6. Offered expertise to the closing department to assist with resolving issues related to risk.
7. Assisted mortgage loan originators in determining loan submission qualifications for the program.
8. Maintained open lines of communication resulting in a respectful work environment and prompt file completion.

Experience

2-5 Years

Level

Junior

Education

Insurance

Description :

1. Evaluated loan risk by making sound credit decisions per underwriting guidelines and loan program parameters.
2. Analyzed loan submission documents for accuracy and completeness including disclosures and other credit-related documents.
3. Reviewed accuracy of the information in the system and update as needed.
4. Determined if loan submission is approved, denied, or suspended.
5. Issued and authorized the appropriate forms for each decision.
6. Assessed all of the underwriting conditions needed for clearance for closing.
7. Examined final HUD to verify terms meet the requirements of closing instructions.

Experience

2-5 Years

Level

Junior

Education

Insurance

Description :

1. Experienced in underwriting FHA, VA, and Conventional mortgage loans.
2. Responsible for accurately reviewing loan files and providing a loan decision of approval or denial in a timely manner.
3. Applied all agency guidelines, investor guidelines, aggregator requirements, and federal regulations to the decision process to ensure loan quality and stability.
4. Reviewed loan applications and all documentation provided in the file to ensure data integrity and confirm the accuracy of automated underwriting findings.
5. Analyzed the employment profile, credit strength, property characteristics, assets, and income stability along with all other information pertinent to the loan application to issue initial and final loan decision.
6. Assisted managers, sales staff, and operations staff by providing options in structuring loans to meet guidelines and answering general questions.
7. Provided clear communications to the mortgage team regarding regulatory and industry changes that would affect the underwriting of loans.

Experience

7-10 Years

Level

Management

Education

Education

Description :

1. Reviewed and validated financial information and documentation provided by customers.
2. Analyzed financial data and credit reports in order to calculate accurate gross and net income, expenses, ratios, net disposable income, and assess borrower willingness and ability to repay the loan.
3. Provided technical assistance to other underwriters, CRMs, and workout specialists in order to enhance production, quality, efficiency, and maintain superior customer service.
4. Completed all required underwriter training assessments for FNMA, FHLMC FHA, DOJ, and proprietary modifications.
5. Prepared and conducted training sessions for negotiators/counselors.
6. Provided OJT sessions for underwriters at various Customer Assistance Centers and vendor sites.
7. Adapted very well to the ever-changing duties and demands of the position.

Experience

5-7 Years

Level

Executive

Education

B. S. In Accounting

Description :

1. Consulted with clients seeking to modify their mortgage; pre-evaluate applications and review credit history to determine loan risk or factors that may prevent a modification.
2. Monitored loans carefully from initiation pipeline to track deals in progress.
3. Ensured collection of all pertinent information to prevent foreclosure while adhering to investor and company guidelines.
4. Exceeded goals of modifying loans with 5 files per day on a requirement of 3 per day.
5. Placed outbound calls to follow up with customers whose file is in the review or to deliver the results of their request for a modification Setting up special forbearance plans.
6. Resolved escalated issues from an internal specialist, clients, and 3rd parties to remedy outstanding concerns duties included receiving incoming calls to address our clients with questions, payments and inquires on their reverse mortgage financial product.
7. Responsible for keeping the team motivated, morale high, and instill camaraderie.

Experience

10+ Years

Level

Senior

Education

Bachelor Of Science

Description :

1. Responsible for a daily pipeline of loans that consisted of purchase and refinance mortgage loans.
2. Approved, denied, or made a counteroffer regarding mortgage loan applications.
3. Worked with loan processors to obtain the required documents for proper loan analysis and approval.
4. Performed a thorough analysis of credit, income, assets, appraisal, title commitment, and Fannie Mae DU and Freddie Mac LP findings.
5. Performed in-depth appraisal analysis, including review of comparable properties (age, proximity to the subject, line, net & gross adjustments).
6. Issued conditional approval on mortgage loan applications Provided meticulous attention to detail in underwriting mortgages.
7. Evaluated the financial strength of borrowers to determine risk and repayment capacity.

Experience

7-10 Years

Level

Management

Education

Bachelor Of Science

Description :

1. Gathered required financial documentation and request missing documentation through the client.
2. Managed email communication from internal and external sources and respond in a timely, professional manner.
3. Performed accurate and complete input into client systems while adhering to investor guidelines.
4. Determined the occupancy status of the property.
5. Calculated borrower's and co-borrower's income.
6. Calculated debt-to-income ratios.
7. Determined the hardship reasons.

Experience

5-7 Years

Level

Executive

Education

Diploma

Description :

1. Reviewed consumer loan and mortgage loan requests forwarded from branches, interviewed applicants transferred by Loan by Phone underwritten to bank guidelines, Federal regulations, and credit score.
2. Provided supervision to loan processors and second signature.
3. Helped ensure compliance with fair lending laws and secondary market requirements.
4. Built a $750,000 signing authority.
5. Used sales talent and personable qualities to increase the volume of applications from branches and approved loans and booked businesses using innovative alternative approval conditions.
6. Increased personal production of booked loans 78% in one year.
7. Received financial analysis training from the bank along with customer service and supervisory training from the bank.

Experience

7-10 Years

Level

Management

Education

MBA In FInance

Description :

1. Reviewed and analyzed asset documentation.
2. Performed appraisal reviews to ensure sufficient support for market value.
3. Performed and reviewed AUS decisions to ensure that proper loan documentation has been obtained.
4. Reviewed credit reports confirming liabilities and debt-to-income ratios are within lending guidelines.
5. Reviewed all loan documentation and address any inconsistencies.
6. Provided loan decisions to include approval, counter-offer, or declines based on lending guidelines.
7. Communicated with Loan Specialists and Loan Officers in regards to loan decisions and additional documentation needed for loan applications.

Experience

2-5 Years

Level

Junior

Education

A.S. In Include