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Click here or scroll down to respond to this candidate W WILLIAM
P PENA
Street Address , PHONE NUMBER AVAILABLE, EMAIL AVAILABLE
PROFESSIONAL SUMMARY
Versatile Underwriter with background in mortgage and finance. Ready to tackle new challenges in position
within the Mortgage Industry where my talents in Underwriting will be valuable. Underwriter offering vast
knowledge of agency regulations and compliance procedures.
Successful in leading underwriting teams and training junior staff to handle workload with impeccable accuracy.
Proven expertise in identifying risk and preventing fraud.
SKILLS
Budget Planning Staff training Goal Setting
Time Management Quality Assurance Customer Service
Sound Judgement Service-Oriented Risk Assessment
EXPERIENCE
Manager of Mortgage Underwriting July 1996 - May 2015
Fannie Mae | Dallas, TX
Established budgets and strategic business plans for daily operations.
Managed employee reviews and daily schedules for a team of 27 underwriters and additional support staff.
Achieved and maintained relationships with approved seller/servicers
Educated Fannie Mae approved seller/servicers on industry standards including basic underwriter rules and
guidelines, how to analyze and determine income of the self employed borrower, how to underwrite the
appraisal, and how to clear warranties on condo/pud loans. Trained thousands of underwriters and
appraisers over the course of 30 years.
Supervisor of Mortgage Underwriting October 1986 - July 1998
Fannie Mae | Dallas, TX
Developed and managed team of 10 underwriters analyzing 15 files each day.
Documented loan underwriting issues and communicated requirements and decisions based on Fannie
Mae rules and guidelines to seller/servicers.
Analyzed risk of a minimum of 12 loans files per day.
Mortgage Loan Underwriter June 1983 - October 1986
Fannie Mae | Dallas, TX
Analyzed income, debt, credit history, job stability, loan to value ratio, debt to income ratio, underwrote the
appraisal, reviewed the reps and warranties of condo/pud loans and overall risk associated with loan file.
Reviewed underwriting decisions to identify incorrect actions on the part of the seller/servicer and either
requested additional documentation to support the decision or requested the lender repurchase the loan
based on unacceptable risk.
Underwrote, at minimum, 15 loan files per day to assess risk associated with file based on Fannie Mae
underwriting guidelines and rules.
Answered hundreds of phone inquiries from seller/servicers on a daily basis.
Mortgage Underwriter/Appraiser July 1971 - June 1983
First Texas Savings & Loan | Dallas, TX
3 year management training program through all departments of the savings and loan business.
Upon completion assigned to the mortgage underwriting and appraisal department.
Interviewed borrowers requesting mortgage ;loans and obtained information including income, debts,
employment history, job stability, purchase contract information, possible sales contract of current
home,and any other pertinent information available to make a reasonable underwriting decision.
Ordered credit report and obtained sufficient information to complete the appraisal
Optimized appraisals with data from current market values and forecasted trends.
Documented property details with photographs and written descriptions.
Worked with processing team members to gather missing information to analyze data and make an
underwriting decision based on rules and guidelines of compliance with federal agencies such as VA, FHA
HUD, Fannie Mae, Freddie Mac, and the savings and loan.
Verified completeness, accuracy and integrity of loan file and presented the qualifications of the borrower
and the risk associated with the file to executive loan committee.
Notified the borrowers and/or real estate agent and moved the file to closing department. If declined or
conditioned explain why to the borrower and obtained missing information or explanation.
EDUCATION
BBA-Finance/Economics
Texas A & M University-Kingsville, Kingsville, TX
ADDITIONAL INFORMATION
June 2015 to Present
I keep in touch with many of my friends and former employees in the mortgage lending business. They keep me
abreast of the changes in underwriting that are constantly evolving to accelerate the mortgage loan process.
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