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Click here or scroll down to respond to this candidateCandidate's Name
Street Address Witney CourtNorth Brunswick, NJ Street Address
EMAIL AVAILABLEPHONE NUMBER AVAILABLEExperienceMunicipal Credit Union May 2022 to February 2023Senior Portfolio Credit AnalystProvide credit analysis for the lending activities of the institution by analyzing financial information on applicantsPerforms cash flow analysisUnderwrite, analyze and prepare loan presentations for residential banking loansPrepare green-light and transaction approval memos, conduct due diligence, build cash flow models and conduct sensitivity analysesUnderwrite primarily portfolio loans but also have ability to underwrite agency loansReview and evaluate loan documents to ensure accuracy, completeness, and compliance with company standards, federal and agency standards and guidelinesAnalyze requests for pre-approvals, purchase and refinance transactions to ensure investment quality of loans, maintaining accuracy of application and documentationDemonstrate effective pipeline management skills, including turn-times with management expectationMaintain acceptable turn times for pre-approval, new application, final decision and resubmissionsAbility to successfully maintain production goals and quality working in a remote environmentAbility to review and identify potential solutions/alternatives for complex loan filesReview real estate loan applications received to identify that transaction type, occupancy, property and ratios meet program guidelines, as well as, all sections of the URLA are complete and accurateCalculate and analyze loan-to-value ratios, debt-to-income ratios, employment, sources of income, source(s) of down payment funds and funds needed to close. Determine borrowers ability to repay is within safe harborAccurately analyze financial documents: Ability to calculate various income sources, including, hourly, salaried, union, commission, self-employed and fixed income, retirement, personal and business tax returnsReview funds to close and reserves by reviewing assets statements (401K, checking, savings,)Responsible for reviewing appraisal reports to ensure that the appraisal meet secondary market, investor, and Credit Union guidelines, including drive-by appraisal, AVM for property classification, validity of comparable sales, etcReview preliminary title reportsReview credit reports and calculate liabilities, while evaluating credit riskEvaluate borrowers credit profile and assess risk in accordance with current and historical delinquencyAnalyze condominium and co-op documentation to assess stability of projectsIdentify red flags and request supporting documentation to identify potential fraud or misrepresentation Utilize system and tools to evaluate potential risks and apply applicable credit decision (approval/counter-offer/decline) accordinglyU.S. Bank May 2021 to May 2022Mortgage Underwriter IIIUnderwrite and decision residential real estate mortgage applications within defined limit of authorityEvaluate loan risk through verification of loan application information and clarify risk by requesting additional information as neededVerify employment and calculate related incomeComplete financial analysis and spreads by analyzing personal and financial statements and tax returns using financial analysis programs.Analyze cash flow reports, calculate ratios, recognize and describe trends and identify recurring and non-recurring sources of cash flow and borrowers ability to debt serviceComplete all loan status changesConsult with closing department, branch staff, and to ensure all underwriting conditions are met prior to issuance of clear to closeIdentify and record application deficiencies required for rejecting mortgage loanPerform additional job-related duties as requiredAffinity Federal Credit Union October 2017 to May 2021HELOC UnderwriterUnderwrite and decision residential real estate home equity lines of credit within defined limit of authority.Review loan package for completeness and accuracyVerify employment and calculate related incomeComplete financial analysis and spreads by analyzing personal and financial statements and tax returns using financial analysis programs. Analyze cash flow reports, calculate ratios, recognize and describe trends and identify recurring and non-recurring sources of cash flow and borrowers ability to debt serviceMaintain system checklist for tracking file documentationComplete all loan status changesProvide technical guidance to team processors in regards to underwriting, secondary marketing requirements and title considerations.Consult with closing department, branch staff, and to ensure all underwriting conditions are met prior to issuance of clear to close.Interpret and implement underwriting guidelines; keeping informed of current practices in loan underwriting and communicate changes to those concerned.Perform additional job-related duties as requiredHomeBridge Mortgage May 2014 to February 2017dba REMN WholesaleProduction UnderwriterConduct thorough review of applicants credit criteria per product requirements including Agency, Renovation and Jumbo productsMonitor and determine credit riskEvaluate credit and title reviewCalculate and verify various forms of income and employment informationAnalyze tax information and income reported to the Internal Revenue ServiceValidate and research relevant applicant information including credit history, assets, and collateralAnalyze appraised value in relation to comparables and adherence to collateral policyProvide solution support, guidance, and encouragement to mortgage banking colleagues to benefit clientsEvaluation of assets and ensuring sufficient funds to close and reservesHigh production and efficiency through financial applications including Encompass, Desktop Underwriter, Loan Prospector, Data Verify.Specialized knowledge applied in all areas of the underwriting process from initial review to determination of final decisionEnsure compliance with REMN and investor guidelinesJPMorgan Chase May 2007 to March 2014Senior UnderwriterLending Authority for first and second mortgage loans, $1,000,000 and $150,000Conduct thorough review of applicants credit criteria per product requirementsMonitor and determine credit riskEvaluate credit and title reviewCalculate and verify various forms of income and employment informationAnalyze tax information and income reported to the Internal Revenue ServiceValidate and research relevant applicant information including credit history, assets, and collateralAnalyze appraised value in relation to comparables and adherence to collateral policyFull credit underwriting approval for Coops including appraisal review and project certification up to $1,000,000Provide solution support, guidance, and encouragement to mortgage banking colleagues to benefit clientsEvaluation of assets and ensuring sufficient funds to close and reservesReview and evaluate specialty bond loansEnsure efficiency, quality, and timeliness of loan approval through direct liaison with Chase loan processors and loan officersHigh production and efficiency through financial applications including Zippy, Closr, Desktop Underwriter, Loan Prospector, Data Verify.Specialized knowledge applied in all areas of the underwriting process from initial review to determination of final decisionEnsure compliance with Chase and investor guidelinesEducationMiddlesex County College - Degree in Social SciencesReference available upon request. |
