Mortgage Underwriter Resume Samples

Description :

1. Responsible for underwriting mortgages and recommending loans for approval on all residential properties, including authorizing terms and conditions of residential commitment letters, conducting thorough credit investigations, obtaining and validating credit information, income confirmation and down payments.
2. Provided reviews loan files for completeness and accuracy, analyzing credit documents, including, but not limited to, mortgage applications, credit history, and income documents, title documents, appraisals and all applicable compliance documents Evaluated debt ratio, loan-to-value ratios, credit score, property valuation, and various other factors.
3. Tax and title review, Determine and documented loan conditions and communicating requirements and/or decisions.
4. Adhered to all client/lender policies and procedures, in addition to Federal, State, and/or municipal laws and regulations.
5. Identifies portfolio risks resulting from the client's underlying business practices, underwriting, and/or fraud exposure.
6. Participated in identifying potential challenges within the underwriting process and/or department and makes recommendations for changes to improve.
7. Remote Underwriter, carry out weekly pipelines with each branch to ensure loans move forward.

Experience

5-7 Years

Level

Executive

Education

Bachelors In Science

Description :

1. Determines credit worthiness and risk associated with borrower based on credit profile.
2. Communicates decisions that most effectively mitigate credit risks for USAA, including data integrity and validity of information submitted.
3. Applies understanding of established guidelines, Fair Lending and all other regulatory requirements when evaluating loan attributes while utilizing prudent underwriting judgment and experience.
4. Responsible for the analysis of submitted files for repayment capacity, capital/assets, character, collateral, and property condition, while adhering to USAA credit policies and investor/agency guidelines.
5. Works under moderate supervision; acquires and applies maturing knowledge of the business, its products, and processes.
6. Uses established procedures and significant job experiences to perform moderately complex work assignments and problem resolution.
7. Utilizes lending authority and mature understanding of all aspects of Mortgage and/or Home Equity underwriting and portfolio guidelines to underwrite moderately complex loan files.
8. Performs Credit & Income Analysis, Risk Assessment, and Loan to Value Ratios, Debt to Income Ratios as well as Compliance and Quality Control Reviews and evaluates credit applications to assess the loan package for approval of fraudulent activity, and provides feedback to the Processors and Originators to improve the quality of the loan files.

Experience

10+ Years

Level

Senior

Education

Diploma

Description :

1. Compiled, verified and typed application information for mortgage loans.
2. Reviewed risk through credit policy and interpreting Agency Guidelines.
3. Reviewed residential loan application files to verify that application data was complete and met establishment standards, including type and amount of mortgage, borrower assets, liabilities and length of employment.
4. Reviewing appraisals, income, and asset, documentation.
5. Skill set for Agency Loans - Fannie Mae and Freddie Mac guidelines, with a focus of Retail Underwriting.
6. Review submitted files to analyze for Capacity, Capital, Character and Condition.
7. Problem Solving used to mitigate loss for Chase while delivering high quality customer service and profitable product.
   

Experience

5-7 Years

Level

Executive

Education

Bachelor In Arts

Description :

1. Ensured loan submittals met internal and external eligibility requirements.
2. Gained extensive experience in underwriting FHA, VA and Fannie Mae Loans.
3. Provided meticulous attention to detail in underwriting mortgages.
4. Evaluated the customer's financial ability, intent, willingness, reason for default, and ability to make payments, and apply appropriate retention or liquidation solutions.
5. Review performing repayment & stipulated repayment plan loans and through borrower contact and/or loan analysis, initiate loan modifications in alignment with NPV results and internal guidelines and policies.
6. Follow department procedures associated with the packaging and recommending of loan modifications, and obtaining all necessary file components including but not limited to BPO procurement, credit reports, 3rd party approvals, and other item as required.
7. Coordinate and facilitate loss mitigation efforts with associated departments, foreclosure counsel, investors, Agencies, Chase Master Servicing, default vendors and mortgage insurance companies.
8. Document all relevant workout terms to ensure agreements can be fulfilled and monitored.

Experience

2-5 Years

Level

Junior

Education

Bachelor Of Science

Description :

1. Actively managed a pipeline of both purchase and refinance residential mortgage loans with a focus on turn time, service and quality.
2. Maintained signing authority of $750K and performed second sign declines requiring a review of the initial underwrite and comparison to guidelines and compliance.
3. Reviewed complete loan package including assets, income, credit, and collateral to determine creditworthiness.
4. Met and exceeded production goals and quality control reviews.
5. Analyzed collateral on all files by reviewing residential appraisal forms to ensure that the appraised value was supported by comparative sales, market area, and met agency/investor collateral requirements.
6. Reviewed single-family, condominium, multi-family, income-producing properties, and manufactured home appraisals.
   
7. Condominium reviews included limited project reviews.

Experience

2-5 Years

Level

Junior

Education

Banking

Description :

1. Included all aspects of loan document review, verification and analysis for loan approval and processing.
2. Reviewed loan products/programs, qualifications, terms and conditions as well as processes with customers.
3. Ensured that loan requests met program and product specifications or determined appropriate products to offer customers.
4. Communicated product information, transaction status and loan decisions to internal stakeholders and external customers.
5. Upheld fair lending practices, and followed all policies and procedures of JPMorgan Chase Mortgage.
6. Consistently was recognized for exceeding productivity, quality and customer satisfaction targets Loan Processor Responsibilities Included ensuring that all borrower documentation met lending criteria and was complete and accurate before sending to Underwriter.
7. Ensured that loan requests met program and product specifications or determined appropriate products to offer customers.
8. Stayed abreast of industry regulations and changes, and bank policies and procedures to assure loan compliance.

Experience

10+ Years

Level

Senior

Education

High School Diploma

Description :

1. Reviewed and evaluated loan files for risk issues and potential misrepresentation.
2. Reviewed and analyzed credit reports, loan applications, income documentation, employment records, and court documents such as bankruptcy and divorce decrees and verifies information as needed to determine borrower's ability to meet loan requirements.
3. Ensured compliance with federal, state and local regulations, industry principles, practices, standards, and controls; and the business objectives, policies, risk parameters and guidelines of the organization.
4. Determined overall loan documentation to ensure accuracy, completeness and fraud prevention.
5. Contacted appropriate parties for necessary documents.
6. Recorded loan rejections, specifying investor and institution guidelines and basis for declining application, such as insufficient cash reserves.
7. Determined appropriate recommendations subject to management and underwriting guidelines.
8. Displayed time management skills necessary to complete projects satisfactorily and in compliance.

Experience

2-5 Years

Level

Junior

Education

Risk Management

Description :

1. Responsible for applying standard company, investor and insurer financial solutions associated with troubled residential real estate loans to help minimize credit loss to the company.
2. Reviewed complex real estate loans to analyze Capacity, Capital, Character, Condition, and Fraud.
3. Examined loan documentation for accuracy and completeness while working with loan originators and production staff to secure all required documents to render a decision.
4. Applied knowledge of underwriting and regulatory compliance requirements.
5. Reviewed and verifying the income, credit history, and employment details of the bank applicants.
6. Reviewed Appraisals and complex tax returns Ensured loans meet all program and product specifications.
7. Communicated loan decisions and deficiencies with clarity.
8. Adhered to all JPMorgan Chase fair lending practices Maintained and met all departmental goals for productivity, quality, and turnaround time.

Experience

2-5 Years

Level

Executive

Education

Banking And Finance

Description :

1. Drafted an Initial Credit Decision for 7 loans a day on single family residence, manufactured homes, planned unit developments and 1 to 4 unit properties that were assigned to me.
2. Ensured loans were in compliance with Freddie Mac, Fannie Mae, Investor and portfolio guidelines.
3. Reviewed applications and associated documentation to insure thoroughness and accuracy.
4. Reviewed and assess financial information to determine borrower's ability to make future payments.
5. Perform analysis and review of all loan information, including, however, not limited to credit reports, appraisal reports, title reports, tax returns, financial statements, income and assets documentation necessary to make final credit decision.
6. Communicate immediately and effectively verbally and in writing with all applicants and internal team members with identified conditions needed for approval.
7. Maintain acceptable turnaround times for applications submitted.

Experience

7-10 Years

Level

Consultant

Education

Mortgage Finance

Description :

1. Responsible for underwriting residential loans ensuring compliance with appropriate company and secondary market standards.
2. Maintain a thorough working knowledge of FNBs lending policies and procedures, and the secondary market underwriting guidelines, rate pricing, and requirements for packaging of loans.
3. Liaison with lenders, appraisers and other third parties to communicate needs and requirements.
4. Examine loan file documentation to determine acceptability of borrowers credit histories, adequacy of liquid assets and financial capacity in relation to loan requests.
5. Analyze tax returns and financial statements to determine ongoing cash flow to support loan repayment.
6. Review preliminary title reports, purchase agreements, environmental reports, property inspection reports, appraisal reports and related documentation for acceptability.
7. Auditing loan documents and closed loan files.

Experience

2-5 Years

Level

Junior

Education

MS In Project Management

Description :

1. Reviewed all documentation for home loans.
2. Displayed meticulous attention to detail in underwriting mortgages.
3. Evaluated the financial strength of borrowers to determine risk and repayment capacity, as well as verified income and employment details for each applicant and reviewed applicant's credit history.
4. Leveraged knowledge of loan products to help restructure turned-down loans for subsequent approvals.
5. Maintained compliance with lending, underwriting and government requirements.
6. Balanced the need for loan-volume growth with the equally important necessity of optimum underwriting quality to minimize risk while maximizing profitability.
7. Gained extensive experience in underwriting FHA, VA and Fannie Mae Loans.
8. Demonstrated excellent follow-through with borrowers, loan processors, loan originators and management throughout all phases of the underwriting process.

Experience

2-5 Years

Level

Executive

Education

Master Of Science

Description :

1. Analyze all loan documents which include income, assets, credit, collateral, purchase contracts, title, and other required documentation.
2. Perform underwriting decision based on income (W2 wage earner, self-employed, sole proprietor, partnerships, S-Corp, Corporation, non-taxable income), assets, credit, collateral, title and risk.
3. Underwriting loan products/programs that require mortgage insurance.
4. Review/order mortgage insurance, homeowners insurance, flood insurance, flood certifications, and other documentation related to each loan.
5. Review interest rates and interest rate locks.
6. Meet, waive, and add necessary conditions.
7. Discuss loan conditions and decisions with processors and/or sales team.
8. Prepare written rationalization for underwriting decision of Credit and Income Approval/Approve/Decline based loan documents received and product/program guidelines.

Experience

7-10 Years

Level

Consultant

Education

Banking