A Lead Underwriter works with investment banks and is responsible for assessing the company’s financials and current market conditions to arrive at the initial value and number of shares to be sold. Typical work activities are listed on the Lead Underwriter Resume as – leading the underwriting teams, assigning them loans or insurance plans to assess and underwire; conducting research on specific or complex applications; assessing financial risk, determining rates based on that risk, conducting research, using risk assessment and financial modelling software; reporting to upper management, providing information on team performance and specific issues; conferring with management and executives; developing and implementing procedures, and conducting quality control.
Companies hire applicants with at least a bachelor’s degree and the following skills – personnel management skills, experience conducting financial oversight activities, and assessing risk; reviewing loans and insurance products; written and verbal communication skills, and the ability to examine and assess internal processes. In general, job applicants are expected to have at least a bachelor’s degree in a related field such as actuarial science or finance, or accounting.
Summary : Responsible for the protection of the mortgage servicing portfolio by adhering to Government Regulations and Investor Requirements. Thoroughly reviewing Deeds of Trust, Substitute of Trust, Mortgage Exchange Systems documents and notes. Additionally, responsible for the timely foreclosure of accounts to comply with Investor requirements to include claim filing.
Skills : Excel Spreadsheets, Access Database, Ms Word, Office, Outlook, Powerpoint, Visio, ICD9 Codes, Medical Terminology.
Description :
Communicated with agents to receive additional information for quote rates, or explain underwriting guidelines.
Reviewed and analyzed all multi-lines of business to determine acceptability or decline according to company guidelines.
Kept abreast of changing policies, rates and procedures, explaining coverage and rules to insurance agents and others.
Review audits and disputes of certain applications Cross reference underwriting procedures to determine accurate classifications, rates, and premium charges.
Consistently reviewed state laws, including cancellation and non-renewals, within assigned territory to properly transact business within the state.
Managed assigned underwriting territory, including management of agents and travel to agent offices.
Audited phone calls to ensure quality service and accuracy of information.
Monitored ACD groups to decrease the amount of calls holding.
Taught team members on how to probe the caller and reverse heated hostile calls.
Experience
10+ Years
Level
Senior
Education
BA In Political Science
Lead Underwriter Resume
Objective : Twenty Four plus yrs as a Mortgage Professional, with extensive expertise in FHA, VA, Conv, Bond, USDA; Subprime lending. Worked with Fortune 500 firms as well as small entrepreneurial businesses. My strength includes underwriting, analytical analysis, credit/risk management.
Reviewed customer residential, employment, and credit history.
Determined individual debt to income ratio.
Created financial score sheet based on stability, ability, willingness to deal structure.
Ensured payments and financials were based upon a 15 to 20% net income.
Reviewed credit bureau scores to insure no current foreclosures, bankruptcies, child support obligations or any other red flag warnings.
Approved side notes for existing customers repairs.
Created month- end reports and underwriting analysis, for approvals, declines, and qualifications.
Experience
2-5 Years
Level
Junior
Education
Sales Training
Lead Underwriter Resume
Objective : 34 years of experience in finance background including 22 years of experience in conforming and non conforming mortgage loans; underwriting, origination, processing, secondary market, foreclosure, bankruptcy, closing and shipping. 17 years of customer service work including all phase of financial needs via face to face and telephone transactions.
Responsible for reviewing, analyzing, approving and underwriting the difficult, most complex individual consumer requests and products within company and industry guidelines.
Performed compliance audits to insure underwriters implement all proper procedures and guidelines.
Supported to the Wells Fargo Advisor Lending Platform to include determining decisions/exceptions beyond the decisioning authority levels of less experienced underwriters.
Served as a consultant/technical resource on difficult problems and questions.
Handled escalated calls and second level reviews.
Provided work direction, feedback and training to underwriting staff including coaching lower level underwriters on underwriting decisioning, department procedures and policies.
Delivered and facilitated of technical training to ensure organizational consistency.
Focused on portfolio lending both salable and unsalable products.
Support $1mm + decisions for the Advisor platform and other Centralized high value decisions.
Experience
0-2 Years
Level
Entry Level
Education
Certificate In General Insurance
Lead Underwriter Resume
Objective : Proven professional with over 20 years of personal lines insurance experience in sales, service, and underwriting. Dynamic and highly qualified with extensive knowledge of underwriting practices and risk management. Results oriented with strong mentoring, training, and coaching skills to utilize employee effectiveness.
Skills : Math, Communication, Problem-solving, and Decision-making.
Description :
Supervised of a team of underwriters.
Handled referrals for escalated issues from the underwriter.
Served as a resource to team members on complex files and escalated issues.
Provided underwriting risk assessment for acceptability of the most complex individual files and/or risk segments within established guidelines.
Performed agency book of business audits to ensure compliance with underwriting guidelines.
Applied advanced knowledge of contract coverages and underwriting programs, guidelines and processes.
Managed special projects as assigned to include management of project teams as required.
Experience
0-2 Years
Level
Entry Level
Education
Bachelor Of Arts
Lead Underwriter Resume
Summary : To secure a career Lead Underwriter position that will allow me to maximize my experience in the Risk/Operations/Compliance/ Finance Analyst field. Certified educator, and an extremely effective communicator.
Skills : Consider different possibilities, Practice making decisions.
Description :
Hired and directed new employees in successful loan processing.
Worked with brokers and Account Executives to develop revenue-generating loans.
Evaluated branch P&L and discuss with the corporate office any existing discrepancies.
Discussed guideline modifications, market trend changes or any branch anomalies with the Mortgage Master Council.
Evaluated income documentation, appraisals, title and credit according to investor guidelines.
Maintained signing authority up to $550,000.
Obtained any conditions needed to clear and close loan from Brokers Prepared all closing documents and forwarded to title/escrow companies.
Experience
10+ Years
Level
Senior
Education
Bachelors
Lead Underwriter Resume
Objective : Lead Underwriter is responsible for ensuring that all underwriting processes, procedures, and standards are followed. This includes both internal and external processes. Work with Product Sales to ensure that the product is priced at the right level for its target market.
Skills : Data Entry, 10 Key, Customer Service, Retail.
Description :
Wrote compelling, accurate, and timely insurance claims documents.
Wrote effective proposals to meet requirements for the insurance company(s).
Developed an understanding of the underwriting process and procedures.
Communicated effectively with customers, prospects, and insurance companies.
Provided ongoing support to the underwriting team and other departments within the company.
Delegated by the Team Manager as Lead Underwriter.
Reviewed signed closing documents, obtained any outstanding conditions prior to funding and funded loans as required.
Experience
2-5 Years
Level
Junior
Education
Finance
Lead Underwriter Resume
Objective : Mortgage underwriter with more than 15 years in the finance industry. Expertise in several areas such as underwriting mortgage loans, personal loans, processing mortgage loans, and quality reviews. Dependable, with attention to detail, and follow-up.
Skills : Analytical skills, Good math and statistics skills.
Description :
Improved production and new hire training by developing a system manual to provide fast reference to any questions or needs.
Provided the new hire with instant answers to proceed, and limited time needed from peers to assist, all of which contributed to increased department efficiency.
Increased understanding and faster ramp up time for new hires by providing side by side employee training.
Developed new spread sheets to more easily recognize training needs for the department.
Selected for the first Lead Underwriter position when it was developed in the Virginia center.
Responsible for assisting Unit Manager in management of underwriting staff to ensure unit operates efficiently and within all policies and guidelines while maintaining volume and quality in order to positively affect gain goals.
Assisted underwriters with loan analysis and ongoing training.
Worked closely with Unit Manager, Regional Director, and District managers to find the best loan for the customer.
Experience
0-2 Years
Level
Entry Level
Education
Diploma
Lead Underwriter Resume
Objective : To obtain a challenging position and active involvement with a progressive organization offering the opportunity to fully utilize proven organization and people oriented skills in the areas of Finance, Underwriting, Risk Management/ Loss Control, Marketing, Customer Service and/or Public Relations.
Skills : Negotiation and interpersonal skills.
Description :
Developed product documentation and training materials.
Qualified new products/services for clients and insurance companies.
Identified appropriate underwriting policies, including coverage, limits, and exclusions.
Analyzed claims to determine the best coverage options for an individual or group of policyholders.
Collaborated with other underwriters to reduce costs, improve quality and increase volume of business.
Developed credit ratings for all credit products by reviewing the underlying information from third party sources such as private equity funds, hedge funds, banks and ratings agencies.
Created a comprehensive credit analysis of the product that includes both a qualitative approach to analyzing risk and quantitative models to assess risk.
Experience
2-5 Years
Level
Executive
Education
Banking
Lead Underwriter Resume
Objective : Over 20 years of experience in the Commercial Lines Insurance Industry with several years of management experience. Held various positions within Wholesale Insurance Brokerage Firms as well as Insurance Companies. Have held Underwriting, Pen Underwriting, Account Executive & Marketing positions.
Skills : Verbal and written communication skills.
Description :
Underwrite customer solutions with a focus on custom solutions.
Implemented pricing strategies to maximize revenue while maintaining customer satisfaction.
Developed pricing plans and procedures to ensure a steady profit margin.
Managed all underwriting activities including underwriting, pricing, risk management, and collateral creation/distribution.
Developed new products for customers and market partners based on customer needs.
Worked closely with sales to define market segments and develop messaging around products.
Worked closely with account representatives to develop a closing package that includes transfer of control and reclassifications of accounts (e.g., from high balance to low balance).
Experience
2-5 Years
Level
Junior
Education
Finance
Lead Underwriter Resume
Summary : Lead Underwriter is responsible for providing a complete and comprehensive insurance product solution to their clients. The Lead Underwriter leads the team in developing a detailed product solution, including design, development, and manufacturing.
Skills : <div>Good judgement, Negotiation and interpersonal skills.</div>
Description :
Created product specifications and development plans to match customer needs.
Created a design strategy, including wireframes and prototypes.
Developed detailed requirements documents and specifications through meetings with engineers and customers.
Provided technical support for the engineering team in defining requirements.
Worked with marketing teams to develop brand awareness and market positioning for the product.
Worked with sales teams to establish pricing strategies that are competitive with other offerings from competitors.
Act as an expert on all aspects of the insurance product including: policy types, claims processing, regulatory compliance issues, business continuity planning (BCP), etc.
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