AVP Underwriting or Forensic Loan Auditor Resume

Title

AVP Underwriting or Forensic Loan Auditor

Primary Skills

Please see resume for skills

Location
US-IA-Ankeny

Posted
Feb-17-10

RESUME DETAILS

QUALIFICATIONS

My skill set includes comprehensive risk assessment underwriting
with an emphasis on identifying, analyzing and documenting material
findings in defaulted mortgage loans via forensic review of core loan
documentation, lender contracts and variances. I can effectively
convey information to various levels of management, independently
validate findings and am adept at shifting gears and adapting to
change. I have strong organizational, analytical and research skills
with a high degree of initiative. My responsibilities have included
review process analysis and risk based manual underwriting for major
mortgage entities. I am experienced in all aspects of the mortgage
origination cycle, closing, funding, post-closing and secondary
marketing with comprehensive knowledge of federal and multi-state
regulatory compliance. I am proficient in working with imaged loan
files and possess operating knowledge of Fannie Mae QAS, DU, Freddie
Mac LP, Lexis Nexis, and other mortgage and investigative software
platforms.

EXPERIENCE

UNDERWRITING CONSULTANT (APRIL 2009- NOV 2009)
STARPOINT SOLUTIONS, LLC

Conducted closed mortgage loan audits for eligibility according to Fannie Mae's Selling Guide and negotiated terms as defined by contract.

Performed forensic re-underwrite of defaulted loans utilizing available tools and processes

Identified transaction components which indicated underwriting deficiencies, misrepresentation and fraud

Performed risk analysis regarding underwriting deficiencies identified during the review process

Recorded all findings and review conclusions in QAS (Quality Asurance System)

Identified and determined the proper avenue of recourse option

Communicated results of file reviews to external customers via issuance of repurchase or reimbursement demand letters.

UNDERWRITING TEAM LEAD (OCT. 2007 - NOV. 2008) CITIMORTGAGE, INC

Responsible for the resolution of escalated underwriting, pricing, closing and funding issues for the wholesale lending channel

Secured $1.5 million lending/exception authority

Assisted in the review, development and monitoring of company underwriting policies and guidelines

Underwrote loans to investor guidelines to insure loan salability and compliance

Performed second level review of in-house, contract and tri-party contract underwritten files

Trained Client Resolution Specialists to receive their AUS authority

UNDERWRITER III (APR. 2005- MAY 2007) WELLS FARGO HOME MORTGAGE

Responsible for analyzing, underwriting and decisioning of mortgage loan applications submitted via the wholesale broker channel

Reviewed the applicant's credit, financials, collateral and title to ensure veracity, accuracy and adherence to established company and industry guidelines

Examined transactions utilizing fraud detection techniques to mitigate risk while maintaining a balance with production efficiency

Performed second level review for junior underwriters

Reviewed legal and regulatory/compliance documents for accuracy

UNDERWRITER (FEBRUARY 2004-SEPTEMBER 2004) AURORA LOAN SERVICING

Responsible for underwriting mortgage loan applications for diverse mortgage entities in compliance with multiple investor guidelines and requirements

Provided guidance and direction to junior team members

Acted as liason between client and principal regarding production goals and requirements

SENIOR UNDERWRITER (JUNE 2003-JANUARY 2004) E*TRADE FINANCIAL

Assisted in the establishment of repurchase guidelines and policy

Responsible for pre purchase compliance and regulatory review of bulk flow transactions.

Reviewed and communicated terms and conditions of loan purchase approval to Sellers and AE's to ensure guideline conformance and salability of loans on secondary market.

Loan approval authority to $1 million with exception authority

UNDERWRITER (JUNE 2002-MARCH 2003) WASHINGTON MUTUAL HOME LOANS

Responsible for the complete review of mortgage loan submissions which included the verification of all income and asset documentation, pricing review, collateral review and loan structure review.

Ensured compliance with federal, state and investor regulations and requirements Performed all necessary calculations to ensure program eligibility.

Effectively reviewed and communicated all terms and conditions of loan to clients to ensure that all conditions were properly met in a timely manner.

LOAN CONSULTANT (MARCH 2000-JANUARY 2002) WASHINGTON MUTUAL BANK

Averaged $15 million in annual loan sales production

Responsible for the origination and marketing of conventional, government and portfolio mortgage loan applications utilizing FNMA, FHA and VA guidelines.

Two-time recipient of monthly top producer award for loan volume and profitability.

EDUCATION

COLUMBIA COLLEGE, COLUMBIA UNIVERSITY 1978-1980 Coursework completed

UPPER IOWA UNIVERSITY, ANKENY IA B.S. FINANCE (January 2011)

Certifications

See above

CONTACT DETAILS

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