Detroit Metropolitan Area
Willingness to learn and strong sense of urgency coupled with 25 + years of mortgage experience which includes working in areas of Retail, TPO- Wholesale. Processing and Underwriting Conventional, Non-Agency, FHA, VA, USDA and Jumbo loans. Problem solving skills enable me to handle situations efficiently on a daily basis. My resourcefulness is an asset, as well as my implementation of new ideas to encourage productivity. Detail oriented skills allow me to assess quality control issues and identify fraud in all areas of lending.
Decision loan after change of circumstance changes made for Conv; FHA; VA; USDA loans. Responsible for updating lock to mirror changes. Communicate with brokers or NONDEL or Prior Approved Lenders with any clarifications about changes.
Loan decisions for conventional loans on daily basis while managing conditions pipeline through Encompass and Capsilon for wholesale brokers, mini correspondent and retail offices while meeting guidelines and quality standards.
Mentor Underwriters when completing second level reviews and resolving post-closing issues to ensure all required documentation is present to validate AUS findings through Mortgage Bot detailed analysis of property valuation; are within guidelines set by the Bank, investors, standard guidelines established by FNMA, FHLMC, and FHA; Third party resources such as Data Verify have been reviewed to validate critical risk components of the mortgage credit file. Assist Underwriters with credit related questions, identify training opportunities of which is shared with senior management. Work directly with management on escalated scenarios to ultimate resolution of which may involve sales, sales manager, closing department, processing staff. Assist with creating processes and procedures for various areas of Underwriting, including identifying pain points of Underwriters, solar energy, self-employed analysis training.
Credit Signature Decision loan authority up to 1.5 million. Responsible for the credit quality and underwriting culture for the Retail Business channel, communication and the implementation of credit policy practices throughout the Retail Fulfillment Centers' credit authority delegated staff including Underwriters and AUS certified processors. Review and respond to Quality Control findings and Quality Review or MSA results. Direct underwriters on the most complex transactions and ensure business originated is in accordance with credit policy, investor guidelines and regulatory compliance. Partnership with sales and operations and provide communication of all credit policy updates. Advise the Chief Underwriter of any issues and trends. Provide coaching, mentoring, and developing the more junior underwriters and ensure a consistent application and interpretation of credit policy to all of the decision-makers within the channel.
Credit Signature Decision loan authority up to 1.0 million. SLR for declines/approvals which include mentoring Jr. Underwriters and rendering sound credit solutions as well as adequately and effectively explain decision reached in a manner that will maintain a positive relationship with all customers. Provided alternative options when needed while maintaining quality and production standards.
Delegated to approve conventional loans up to 650k loan amounts, utilized investor guidelines to assist in placing mortgages. Processed and closed average 25+ pipeline consisting of conventional and FHA loans. Assisted the Vice President of Mortgage Operations in obtaining DE HUD approval with FHA. Responsible for conducting post-closing compliance audits and shipping files to investors for purchase.