Loan Underwriter Resume Samples

Description :

1. Interviewed applicants and requested information for completion of loan applications.
2. Developed personal knowledge and understanding of members' financial needs and situations in order to analyze applicant financial status, credit worthiness, and property evaluation to determine feasibility of granting loans, while mitigating risk to the credit union.
3. Ensured loan agreements were complete and accurate according to credit union policies.
   
4. Responsible for explaining the philosophy, objectives, and policies of the credit union.
5. Cross-sold products and constantly looked for opportunities to enhance credit union profitability.
6. Effectively managed our sales team and conducted department meetings to ensure sales goals and objectives were achieved while periodically providing performance reviews on production levels.
7. Adhered to local, state, and federal laws, compliance, and regulatory requirements including Truth in Lending.

Experience

5-7 Years

Level

Executive

Education

MBA In Finance

Description :

1. Maintained and managed loan file and document status information through the use of both system generated and Manually prepared pipeline reports, adhering to established follow-up procedures.
2. Documented receipt into information systems or department's manual reports.
3. Communicated by phone, written or electronic communication with internal and external customers.
4. Utilized intranet publications and department communications in order to keep up-to-date with state, federal, and TCF regulatory and procedural policies.
5. Assisted management with maintaining department policy and procedure manuals.
6. Underwrote unsecured online credit consumer files by analyzing credit documents, reviewing loan conditions and income documentation.
7. Negotiated credit terms, interest rates, loan structures and collateral specifications to close and fund loans.

Experience

10+ Years

Level

Senior

Education

Business Administration

Description :

1. Handled multiple mortgage products that are 60+ days delinquent, as governed by investor, departmental and legal guidelines.
   
2. Analyzed financial statements, tax returns, credit reports, and the value of the collateral in order to determine and recommend the most feasible workout to the borrower.
3. Reviewed title searched to ensure that no title issues threaten our investor's lien on the property.
4. Required actions have taken place prior to completing a denial letter and submitting file for Foreclosure sale.
5. Ensured compliance with company policies and procedures Senior Closing Team Lead.
6. Prepared and executed a thorough and accurate review of the file to ensure the loan is in compliance with Investor, State and Federal guidelines.
7. Completed loan close out process associated with varying investor workouts.

Experience

7-10 Years

Level

Management

Education

Business Administration

Description :

1. Approved loans, issued alternative options, or adverse action accordingly using sound judgment while applying bank policies and procedures.
   
2. Validated the data entry to the appropriate Loan Operating System and evaluate all applicable documentation as required by job function.
3. Evaluated all documents and condition loan accordingly.
4. Informed Processor of any additional items necessary to substantiate loan request.
5. Identified loans for exceptions while ensuring proper procedures are followed for approval and documentation.
6. Assisted in clearing or resolving any issues.

Experience

7-10 Years

Level

Management

Education

BA In Communications

Description :

1. Renders appropriate credit decision within credit policy and in compliance with all regulations.
2. Structures approvals to maximize profit and enhance dealer relationships.
3. Reviews financial statements, credit reports, and applicable ratios.
4. Prepares formal reports for review; ensuring that documents are consistent and uphold to company and industry guidelines.
5. Determines outcomes for applications; placing emphasis on response time, quantity of applications processed, and quality of applications approved.
6. Provides prompt, accurate response to all internal and external customer inquiries.
7. Determined the risk based on the parameters set by the lender.

Experience

5-7 Years

Level

Executive

Education

IT

Description :

1. Responsible for managing 10-13 Underwriters and directing the team's daily workload by reviewing pipeline reports.
2. Helded daily meetings to go over any changes to guidelines, policies and procedures.
3. Underwrote 7+ modifications per day for the HAMP program and re-qualifying to proprietary programs if eligible.
4. Entered all information into IAM Workflow and CPI systems to determine plan availability.
5. Reviewed underwriting guidelines to make sure that all necessary second level reviews were obtained prior to final underwriting review.
6. Analyzed the application to make sure that the information was complete and accurate.
7. Reviewed all borrower income and asset documents to verify income and to ensure the loan files were underwritten properly.

Experience

7-10 Years

Level

Management

Education

AA In Business

Description :

1. Reviewed loan applications and associated documentation, ensuring thoroughness and accuracy.
2. Modified loans to new terms or identified new terms as needed.
3. Analyzed and verified loan-to-value ratios, completeness of application information, credit reports, and other financial statements.
4. Maintained acceptable turnaround times for applications submitted for pre-approval and on funding packages.
5. Managed client and staff relationships, serving as the key contact for loan officers.
6. Implemented fraud detection techniques and completed all requests in a timely manner.
7. Coordinated and performed a range of staff functions as well as operational activities, serving as a liaison with multiple departments resolving day-to-day issues.

Experience

7-10 Years

Level

Management

Education

Bachelor Of Science

Description :

1. Interviews, budgets, credit scores, verify, and evaluate each loan applicant.
2. Renders lending decisions and issues condition statement with proper risk vs.
3. Closes all loans, insuring that all objectives are met.
4. Creates loan files for each account, monitoring for completeness, correctness and compliance with lending decision.
5. Monitors collection activity and production daily.
6. Achieves delinquency goals, charge-off goals and collection goals.
7. Reviewes and decisiones sub-prime auto loan applications.

Experience

7-10 Years

Level

Management

Education

Banking

Description :

1. Carefully reviewed all information in client's application.
2. Verified client's assets to assess the ability of the client to repay the loan.
3. Assessed the client's credit report to determine whether the client was willing to repay the loan.
4. Assigned appraisers to determine that the loan was worth the amount of the loan.
5. Entered complete and accurate data into systems to ensure data integrity.
6. Provided prompt, quality service to the finance companies in a friendly and professional manner.
7. Maintained knowledge of underwriting guidelines and stayed current with the department requirements.

Experience

7-10 Years

Level

Management

Education

Diploma

Description :

1. Reviewed and approved Equity Powerline Loan Modifications.
2. Processed land loan modifications for approval.
3. Sent executed documents to title for recording.
4. Reviewed loans with self-employed borrowers.
5. Started to review delinquent loans to assist borrower with capitalization and trial payments.
6. Transferred to Consumer Loans.
7. Reviewed various consumer loans for approval/denial.

Experience

10+ Years

Level

Senior

Education

Vocational In Business

Description :

1. Gathered and verified documents to ensure they are in compliance with investor guidelines.
2. Requested missing documentation through internal customer relationship manager.
3. Accurately and completely documented client information into internal systems of record.
4. Determined the occupancy status of the property and the hardship reason.
5. Calculated borrower and co-borrower's income.
6. In-line Auditor - Default Servicing Customer Resolution (DSCR) Served as quality control in producing quality written correspondence to borrowers, authorized third parties and political officials in response to escalated concerns.
7. Responsible for assurance in following policies and procedures set forth by the bank and Regulators (Consumer Financial Protection Bureau, Office of the Comptroller of the Currency and Attorneys General).

Experience

2-5 Years

Level

Junior

Education

MA

Description :

1. Evaluated US Treasury Make Home Affordable Loan Modification applications for compliance with company guidelines to issue underwriting approval or denial using an automated system such as LP and DU.
2. Calculated Income for Salaried, Commissioned, and Self Employed Borrowers by reviewing pay studs, 1099s, W2s, personal and Business Tax Returns, to determine income stability and consistency.
3. Reviewed documents for Red Flags that may indicate fraud.
4. Reviewed Credit Reports and Bank Statements for financial stability.
5. Calculated debt-to-income ratios to insure that they meet product guidelines.
6. Reviewed Title Reports, Appraisals, and Purchase Contracts to insure that the collateral is sufficient, Investigating items of the application with web searches such as Salary.
7. Made final decision on Loan Mod file, ex.

Experience

10+ Years

Level

Senior

Education

Bachelor Of Science

Description :

1. Reviewed escalated accounts to determine if all qualifications have been met in order for the mod to be booked.
2. Consulted negotiations with investors to provide the most accurate modifications available according to the requirements needed.
3. Generated and submitted data for final modification docs: Non Gse, Fannie and Freddie.
4. Reviewed final mod docs once received in order to determine if notary and signatures are completed correctly and review dates and terms to ensure calculations match the mod case in remedy.
5. Ran sequel queries in order to assign work to my peers each day.
6. Reviewed timelines within CFPB guidelines.
7. Developed and implemented department funds needed to book tool to streamline process of resolving back dated loan modifications.

Experience

2-5 Years

Level

Junior

Education

MS

Description :

1. Earned sign off authority up to $500k FHA and perform Underwriting files from start to closing.
2. Examined Tri Merge credit bureaus for any discrepancies, public records, and for any fraud alerts.
3. Determined if borrower qualifies for a loan modification, repay program or decline.
4. Navigated of various lender systems worksheets and websites.
5. Utilized expertise to process loan documentation and income calculation for modification loans.
6. Calculated income with wages, pension, rental partnership, social security, disability per guidelines.
7. Reviewed files to maximize recovery on behalf of the investor within a predefined time-line for the customer.

Experience

2-5 Years

Level

Junior

Education

GED