Senior Mortgage Insurance Underwriter Resume
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Resume:
PROFESSIONAL EXPERIENCE
MGIC/AIG United Guaranty Mortgage Insurance Co, Mission Viejo CA -
Senior MI Underwriter-Wholesale/Retail/Direct
Responsible for reviewing, analyzing and making credit decisions on requests from existing and potential clients for A/Alt-A products. Including Calpers/Calstrs/HFA. st & nd lien loan transactions & other bond programs.
· Perform the analysis and made credit decisions on loans in accordance with all credit and product policies including manual & automated underwriting systems.
· Review loan documentation in a completely imaged environment for acceptability thus reducing the level of fraud
· Thoroughly understands and applies credit policies, loan product policies and federal regulations related to the granting of credit
· Underwrote Appraisals, analyzed business & personal tax returns, made alternate risk recommendations
·
The Bohan Group, Irvine CA -present
Due-Diligence Loan Underwriter
Due diligence and compliance underwriter for a large variety of mortgage loans from various financial institutions including conforming, non-conforming, Alt-A and sub-prime loans in accordance with government and private investor guidelines
· Performs quality control checks on all loans ensuring correct grading and compliance with investor guidelines
· Reviews credit documentation for completeness and accuracy
· Identifies portfolio risks resulting from client’s underlying business practices, underwriting and/or fraud exposure
BNC Mortgage/Lehman Bank, San Diego CA -
Senior Loan Underwriter
Determined the credit worthiness and repayment abilities of high risk/complex sub-prime loans for Nationwide Sub-Prime Lender, ensuring compliance with applicable credit guidelines within acceptable lender risk.
· Reworked loans to new terms, identified additional conditions as needed to insure a sound/favorable Credit decision
· Analyzed credit reports, analyzed appraisals, title and associated documentation
· Identified fraudulent loan documentation greatly reducing the company's delinquency rate/st payment defaults
Radian Guaranty, San Diego CA -
Senior MI Underwriter
Provided comprehensive and diligent analysis of complex loan transactions to assess borrower’s credit worthiness while ensuring administrative and operational compliance with regulatory and lender policies and procedures. Specialized in prime/sub-prime mortgage products and services to the conforming and non-conforming market. High volume Wholesale broker, Retail Customers and Loan Consultants interaction.
· Acted as a mentor and reference source to other staff members, communicated frequently with the Operations/Team Managers to share information, identified training needs for junior staff members & complete special projects
· Accountable for evaluating complex underwriting files, approving files within a designated scope of authority, and working with Risk Management on high risk/profile loan packages.
· Experienced with jumbo/super jumbo & Affordable Housing products & programs/DU/DO/LP
Home Savings of America/Washington Mutual, Industry, CA
Loan Underwriter
Handled complex underwriting transactions to determine borrowers risk profile through credit and financial analysis, ensuring loans are of investment quality and in conformance within corporate guidelines. Underwriting performed in a paperless environment, on the company’s artificial intelligence computerized system.
· Improved team efficiency by obtaining loan decisions through effective time management increasing productivity. Team rated # in the entire nation.
· Created and implemented motivational ideas to improve team morale during the course of company’s acquisition Ensuring a positive and productive work environment
· Mentored and trained underwriting associates on analization of tax returns, financial statements, government, investor and corporate guidelines to encourage independence and opportunity for promotion
Loan Administration Network, Newport Beach, CA
The Matrix Group, Las Vegas, NV
Mortgage Bankers Consultants, Dallas, TX
Outside Contractor/ Consultant
Furnished contract services in various areas of expertise to multiple, nationwide wholesale and retail mortgage lenders. Provided underwriting, processing, due-diligence audits and funding functions for FHA, VA, Conventional and Sub-Prime loans. Experienced in Construction Lending and Title l/ll disbursements.
· Implemented loan tracking reports to ensure the timely receipt of final loan documentation and that loans were properly audited to meet investor loan pools.
· Reduced a large inventory of un-insured government loans by over % by designing and implementing customer correspondence letters, checklist, flow charts, etc. Trained staff to reduce pricing and loan package inaccuracies.
· Created training materials to streamline preparation of construction loan additional advances, extensions and rollover documentation
· Promoted to department manager for FHA/VA/investor shipping and insuring divisions.
Empbanque Capital Corp., Schaumburg, IL
Underwriter/Loan Processor ()
Performed all aspects of underwriting and processing for conventional and government loan products, verifying loans for completeness, accuracy and compliance.
· Increased production by over % by implementing systems that improved the application to close process
· Actively participated in customer communication and education to ensure product knowledge & guidelines
Closing Department Manager ()
Oversaw all departmental and training functions for nationwide mortgage company, including: quality control, loan conformance, shipping/insuring, credit package re-certification and delegation of tasks to insure timely loan closings.
EDUCATION & PROFESSIONAL DEVELOPMENT
Associate of Science - College of Lake County, Grayslake, IL
Certificate in Real Estate Law/Series License Training- American Institute of Banking, Chicago, IL
