Multi-Family Mortgage Underwriter
Resume:
Charles Washington
Jacksonville, FL / Cell: 904-***-**** / ad8dey@r.postjobfree.com
SUMMARY OF QUALIFICATION:
Over 15 years of underwriting government, non-qualifying and conventional mortgages originated from retail and
wholesale sources which involve single-family, condos, coops, and multi-family transactions. Trained conventional
underwriters to pass their FHA test cases to become direct endorsed underwriters and trained processors to
become conventional underwriters. Held weekly classes for originators and other personnel to learn guidelines, help with scenarios, and to ask questions to be more proficient. Started my career in the NY, CT and NJ metropolitan areas underwriting complex purchase and refinance loans (as well as commercial underwriting) in a high-volume environment. Normal work environment was 6 days a week at 10-12 hour shifts in a face-pace atmosphere.
Work Experience:
American Capital Mortgage ~ Senior Mortgage Underwriter (Contract/Remote) Jul 2023 to Present
Underwrite LP, DU and FHA (DE) mortgage loans pertaining to purchases and all types of refinance loans (including HELOC, Condos, and CO-OP transactions).
Conduct high risk analysis to approve, counter or decline loans to ensure met specific program requirements, and to determine if an exception is justified.
Review the borrower’s documentation, including a complete analysis of the loan application, credit, income, assets, appraised value, title, MI certificate, and liability documentation to evaluate the risk and review the loan file for potential red flags and fraud.
Constant communication with Brokers, loan officers, and processors which include updating the database with changes.
Used the investors’ guidelines: EAD, UCDP, HUD, All-Regs, Freddie Mac, and Fannie Mae in the underwriting analysis.
ETEAM INC./US Bank ~ Mortgage Document Review Specialist (Contract) Jul 2022 to Jul 2023
Review and process documents to company standards/checklists.
Update database with changes and responding to eligibility questions.
Perform data entry tasks (Basic Microsoft Office Skills: Word, Excel, Outlook)
Report generating, scanning documents, and the labelling of files.
Meet deadlines and daily production requirements.
ARC Home LLC ~ Senior Mortgage Underwriter (Remote) Nov 2021 to Jun 2022
Underwrite NQM, LP, DU, and FHA loans pertaining to purchase and refinance transactions.
Review and request MI Certifications for loans exceeding 80% LTV.
Continuous communication with Brokers, loan officers, and processors which include updating the database with changes.
Evaluate the risk analysis to approve, counteroffer or decline loans while ensuring the loan met a specific program.
Comply with FHA, NQM, LP, and DU guides.
Calculate complex income/assets analysis, evaluate inquiries/debts, review appraisal/title reports, flood certificates, HOI/HOA policies/statements, and MI certifications.
Jet Direct Mortgage ~ Senior Mortgage Underwriter (Remote) Mar 2021 to Nov 2021
Underwrite loans pertaining to purchase and refinance mortgage transactions.
Review and request MI Certifications for loans exceeding 80% LTV.
Review the borrower’s documentation, including a complete analysis of the loan application.
Comply with FHA, NQM, LP, and DU guides.
Calculate complex income and assets analysis, evaluate debts, appraisal, title, flood, HOI, HOA, and MI certs.
Digital Risk ~ Senior Mortgage Underwriter (Contract/Remote) Sep 2019 to Mar 2021
Underwrite conforming loans including purchase, new construction purchase, and all types of refinance loans.
In-depth risk analysis to approve, counteroffer or decline loans while ensuring the loan meets a specific program and determine if compensating factors justify an exception.
Reviewed borrower’s documentation, including a complete analysis of the loan application, credit report, income, assets, appraisal, title, and credit documents to evaluate the risk and review the loan file for potential red flags and fraud.
Frequently used Investor Seller guides All-Regs, Freddie Mac, and Fannie Mae seller guides.
Performed quality control reviews along the underwriting path with excellent customer service skills.
Calculated complex income and assets analysis, evaluated debts, appraisal, title, flood, HOI, HOA, and MI certs to determine qualifying ratios, reserves and funds required are satisfactory to product requirements.
National Mortgage Staffing ~ Forensic Underwriter (Contract/Remote) Jun 2019 to Sep 2019
Underwrite Non-Conforming, Conforming, HELOC, No Income, No Ratio, Stated Income, and NINA loans that are currently in foreclosure to determine if due to misrepresentation and possible red flags.
Obtained and reviewed third-party reports such as Pacer, Accurint, MERS, and Post Credit Reports to assist in the determination of which type(s) of misrepresentation is present.
Performed complex income (tax return analysis) as well as substantial asset documentation review and verify the stated income given is within the 75% to 90% income range of the geographic income verified via Salary.com and/or Zip.com.
The primary function is to perform fully detailed forensic reports and tools for multiple loan products and programs.
Completed analysis review of the entire credit package, 3rd party, and post reports for inconsistencies.
Review documents for defects and misrepresentation, which includes reviewing notes, mortgage instruments, appraisals, and title reports.
Performed a solid understanding of internal forensic standards, policies, and local regulations to provide timely forensic analysis using various Lender guidelines.
Princeton Information ~ NQM Mortgager Underwriter (Contract) Dec 2018 to May 2019
Underwrite NQM and FHA loans including purchase, new construction, and all types of refinance loans.
Approved loans within credit authority in accordance with MSPBNA credit policy and credit culture.
Conducted an in-depth risk analysis to approve, counteroffer or decline the loan while ensuring the loan met the specific program requirements and if the loan required an exception whether or not compensating factors justify an exception.
Reviewed the borrower’s documentation, including a complete analysis of the loan application, credit, income, assets, appraised value, title, and liability documentation to evaluate the risk and review the loan file for potential red flags and fraud.
Frequently used MSPBNA and other Investor Seller guides.
Loan Logics ~ Auditor (Contract/Remote) Apr 2018 to Nov 2018
Final Underwrite/Auditor on FHA, VA, Non-Conforming, Conforming, and HELOC loans (purchase, new construction, and all types of refinance loans).
The primary function was to perform in the timely delivery of high-quality, value-added assurance, and audit reports of multiple client activities.
Complete analysis review of the entire credit package for defects on post-closed loans which include appraisals and title reports ensuring quality and authenticity.
As a seasoned professional applies a solid understanding of internal audit standards, policies, and local regulation to provide timely audit assurance.
Monitor the risk environment and assesses the emerging defects through the Loan Logics monitoring process.
Recommends appropriate and pragmatic solutions to risk and control issues.
JPMorgan Chase ~ Senior Mortgage Underwriter Jul 2016 to Mar 2018
Underwrite FHA and conventional loans including purchase, new construction, and all types of refinance loans (including HELOC, Condo, and Co-op transactions).
Reviewed the borrower’s documentation, including a complete analysis of the loan application, credit, income, assets, appraised value, title, and liability documentation to evaluate the risk and review the loan file for potential red flags and fraud.
Use investors’ guidelines: EAD, UCDP, HUD, All-Regs, Freddie Mac, and Fannie Mae in the underwriting analysis.
Contacted mortgage investors to discuss specific loan scenarios or to request exception approval.
Wells Fargo Home Mortgage ~ Senior Mortgage Underwriter Aug 2013 to Jun 2016
Underwrite FHA and conventional loans including purchase, new construction, and all types of refinance loans (HELOC, condo, and co-op transactions).
Assisted in training junior underwriters and underwriting support staff.
Conduct an in-depth risk analysis to approve, counteroffer or decline the loan while ensuring the loan met the specific program requirements and if the loan required an exception whether or not having compensating factors to justify an exception.
Reviewed borrower’s documentation, including a complete analysis of the loan application, credit, income, assets, appraised value, title, and liability documentation to evaluate the risk and review the loan file for potential red flags and fraud.
Use investors’ guidelines: EAD, UCDP, HUD, All-Regs, Freddie Mac, and Fannie Mae in the underwriting analysis.
Contacted mortgage investors to discuss specific loan scenarios or to request exception approval.
JPMorgan Chase ~ Senior DE Underwriter Jul 2009 to Aug 2013
Underwrite FHA and conventional loans including purchase, new construction, and all types of refinance loans (including HELOC, condo, and co-op transactions).
Assisted in the training of junior underwriters and support staff.
Trained and mentored underwriters to receive their FHA DE certificate and lending authority.
Used risk analysis to approve, counter or decline the loan while ensuring the loan met the specific program.
Reviewed the borrower’s documentation, including a complete analysis of the loan applications, credit reports, income/asset docs; appraisals, titles, and liability documentation to evaluate the risk and red flags.
Use investors’ guidelines: EAD, UCDP, HUD, All-Regs, Freddie Mac, and Fannie Mae in the underwriting analysis.
Contacted mortgage investors to discuss specific loan scenarios or to request exception approval.
Verify and ensure the data entered in the mortgage-ware system and AUS systems were accurate and complete.
Apply underwriting guidelines to ensure regulatory compliance and perform due a diligence analysis of the entire credit package.
American Capital Mortgage ~ Branch Manager/Underwriter Mar 2004 to May 2009
Underwrite FHA, conventional, sub-prime loans on purchase, new construction, and all types of refinance loans (including HELOC, condo, and co-op transactions).
Assist in the training of junior underwriters and support staff.
Conduct risk analysis to approve, counter or decline loans to ensure met specific program requirements, and to determine if an exception is justified.
Trained and mentored underwriters to receive their FHA DE certificate and/or lending authority.
Used risk analysis to approve, counteroffer or decline the loan while ensuring the loan met a specific program.
Review the borrower’s documentation, including a complete analysis of the loan application, credit, income, assets, appraised value, title, MI certificate, and liability documentation to evaluate the risk and review the loan file for potential red flags and fraud.
Used the investors’ guidelines: EAD, UCDP, HUD, All-Regs, Freddie Mac, and Fannie Mae in the underwriting analysis.
Summary:
Performed credit, complex income (personal/business tax returns) and assets analysis to determine the borrower's ability to repay (ATR).
In-depth analysis of appraisal, title, income, assets, and credit history to determine borrower’s ATR.
Excellent communication with customers, brokers, loan officers and processors and ability to multi-task.
Evaluate the risk analysis to approve, counteroffer or decline loans while ensuring the loan met a specific program.
Skills:
Computer Proficiencies: MS Word, Excel, and Outlook
DU, LP, Encompass, Contour, Core, Zippy
Real Quest
Data Quick
UCC
Lexis Nexis
All Regs
Data Verify
Education:
El Camino College, Torrance, CA – Electronics and Computer Science.
Nathaniel Narbonne High, Lomita, CA – Mathematics, Computer Science and General Education
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