ADA RICHARDS
Chandler,AZ
Summary
Methodical and determined Underwriter with 15 + years of experience in analyzing statistical data while preparing reports for risk assessments. Adept in reviewing policy applications and modifying application decisions.
Overview
14
14
years of professional experience
1
1
Certification
Work History
DE Underwriter/Wholesale
Point Mortgage
08.2020 - Current
- Review guidelines alternatives and/or counter offers when file is ineligible as submitted to ensure quality control measures are met and implemented
- Communicate with brokers on deficiencies and review documents submitted to cure deficiencies to ensure they are sufficient based on NPF requirements
- Analyze employment profile, credit strength, property characteristics, and any other information pertinent to the credit decision process
- Leveraged knowledge of loan products to help restructure turned-down loans for subsequent approvals
- Maintained compliance with lending, underwriting and government requirements
- Confirmed that all loan applications met 100% internal and external qualifying criteria
- Balanced the need for loan-volume growth with the equally important necessity of optimum underwriting quality to minimize risk while maximizing profitability
- Demonstrated excellent follow-through with loan processors, loan originators and management for training purposes to improve productivity and performance objectives throughout all phases of the underwriting process.
DE Corporate Underwriter
Geneva Financial
08.2019 - 07.2020
- Ensured loan submittals met internal and external eligibility requirements
- Carefully examine all loan documents, loan-to-value rations, credit reports, and prevent fraud, and ensure secondary market, investor requirements, company standards, and conditions are met
- Demonstrated excellent follow-through with loan processors, loan originators and management throughout all phases of the underwriting process
- Balanced the need for loan-volume growth with equality to minimize risk while maximizing profitability
- Conduct proactive and effective pipeline management in accordance with performance standard expectations
- Ability to meet production, quality, and service standards along with providing direct coaching and feedback to ensure quality.
DE Underwriter
Cascade Financial
02.2016 - 08.2019
- Analyze employment profile, credit strength, property characteristics, and any other information pertinent to the credit decision process
- Detect and prevent fraud
- Perform mortgage credit analysis to determine borrower’s ability to repay mortgage debt
- Select required conditions on each loan underwritten to be satisfied by borrower and/or parties to transaction
- Verify accuracy of supporting documentation including, but not limited to, employment, down payment, appraisal, and financial documents
- Review documentation for compliance with internal, state, and federal regulatory guidelines
- Correspond with any necessary party to obtain any outstanding documentation needed to complete requirements of the funding of the loan
- Provide constructive feedback to loan originators and processors for training purposes
- Use a high degree of discretion when dealing with confidential information
- Other duties as necessary.
Jr. Underwriter
01.2014 - 02.2016
- Utilized Desktop Underwriter and Loan Prospector to validate findings
- Review uploaded documents, cleared underwriting conditions satisfactory and issued clear-to-close for FHA/VA loans
- Analyze employment, credit, income, asset, purchase contract, and appraisal documentation submitted to meet conditions, and review to accept or deny documentation according to agency guidelines
- Work with the senior underwriter to resolve underwriting problems such as conditions on loans, denials and counteroffers
- Advised and answered general underwriting questions for processors
- Work with the Junior Underwriting Team Lead to balance staffing levels in proportion with the workload for each team
- Act as liaison between Sr
- Processors and Sr
- Underwriters
- Proficient with all underwriting assistant job duties
- Update asset, collateral, and expiration dates
- Keep an accurate daily log of tasks completed
- Perform various additional tasks as assigned
- Help train new team members
- FHA Streamline refinance.
Retail Underwriter
JP Morgan Chase Bank
11.2012 - 11.2013
- Underwrite conventional mortgage loan products according to Fannie Mae and Freddie Mac guidelines utilizing both DU and LP interface underwriting system
- Responsible for analyzing customer's financial statements, credit reports, income documents and other supporting documentation for acceptability
- Evaluating and ensuring overall documents are accurate, complete, and compliant
- Proficient in analyzing personal and business tax returns, legal documentation, and title reports
- Analyze credit profile to determine eligibility and signoff on all conditions
- Order MI certificates when applicable
- Analyze submitted property appraisal reports to ensure property meets program and product specifications for Chase, FHA, and agency guidelines
- Communicate loan decisions with loan officers and processing staff
- Review program alternatives and/or counter offers when file is ineligible as submitted
- Perform compliance review for risk analysis and potential fraud.
Senior Loan Processor
JP Morgan Chase Bank
12.2010 - 11.2012
- Trained all new team processing staff
- Assisted Team Lead with quality review for entire team
- Processed retail mortgage loans for FHA and Conventional loan products
- Ensure proper disclosures have been met as required by federal regulatory compliance, review rate lock and point objectives for accuracy
- Review alternative documentation for accuracy and potential problems upon receipt
- Review all documents thoroughly before submission to underwriting with the loan officer
- Coordinate with buyers, sellers, title companies, escrow agent, obtain additional companies, escrow agent obtain additional documentation needed for final approval
- Manage daily production and status reports.
Senior Loan Processor
Bank of America/Select Staffing
01.2010 - 06.2010
- Process files through FHA Connection
- Ordered appraisals, surveys, and title commitments
- Review and analyze documentation provided to insure FHA case number assignment
- Assist borrowers during various stages of the loan process
- Processed a pipeline of 45-50 loans per month
- Worked with title companies and scheduled closings
- Processed all FHA and Conventional loans according to program guidelines
- Responsible for maintaining daily reports and loan status
- Responsible for analyzing credit reports and collecting documents
- Capability of prioritizing a broad range of responsibilities to meet deadlines.
Education
Business General program -
Mesa Community College
San Diego, CAUnderwriting Certified Chumps -
Certificate Certified Medical Revenue -
Skills
- Bilingual: English and Spanish
- Organization Skills
- Teamwork
- Detail oriented and multitasking skills
- Time Management
- Communication Skills
- Proactive and highly motivated with a strong work ethic
- Encompass 5 years
- Ability to work extended hours
- Technology-savvy
- Loan-to-Value Ratio Analysis
- Continuous learning mindset
- Quality control understanding
- Mortgage Underwriting Expertise
- Debt-to-Income Ratio Assessment
- Regulatory Compliance Awareness
- Manual Underwriting Experience
Accomplishments
- Achieved Outstanding Underwriter
Certification
- Licensed Certified Medical Revenue
Languages
Spanish
Full Professional
Timeline
DE Underwriter/Wholesale
Point Mortgage
08.2020 - Current
DE Corporate Underwriter
Geneva Financial
08.2019 - 07.2020
DE Underwriter
Cascade Financial
02.2016 - 08.2019
Jr. Underwriter
01.2014 - 02.2016
Retail Underwriter
JP Morgan Chase Bank
11.2012 - 11.2013
Senior Loan Processor
JP Morgan Chase Bank
12.2010 - 11.2012
Senior Loan Processor
Bank of America/Select Staffing
01.2010 - 06.2010
Business General program -
Mesa Community College
Underwriting Certified Chumps -
Certificate Certified Medical Revenue -
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