Alfredo Balderas
Gilbert,AZ
Summary
Seasoned Loss Mitigation Underwriter.
Ten years in Mortgage Servicing
Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Overview
9
9
years of professional experience
Work History
Loss Mitigation Underwriter
Cascade Financial Services
06.2021 - Current
- Income and expenses validation
- Waterfall Calc
- Create programs that the client is eligible for, to include Trials, Partial claims, forbearance, Modifications, Repayment plans.
- Document creation at the end of trials
- Managed a portfolio of delinquent loans, effectively prioritizing cases, such as foreclosure loans to maximize efficiency and impact on recovery efforts.
- Streamlined the underwriting process, resulting in faster decision-making and timely loss mitigation resolutions.
- Provided regular reporting on loss mitigation activities, highlighting key metrics and accomplishments to management teams.
- Assisted in developing internal policies, procedures, guidelines related to Loss Mitigation Underwriting function adhering to regulatory requirements.
- Successfully completed numerous loan modification requests resulting in borrowers'' ability to retain their homes.
- Reviewed and analyzed complex borrower financial situations, determining appropriate workout options based on individual circumstances.
- Maintained thorough documentation of all communications, decisions, and actions taken throughout the loss mitigation process.
- Spearheaded process improvement initiatives within the Loss Mitigation department, resulting in increased efficiency and effectiveness of workflows.
- Developed strong working relationships with cross-functional teams including collections, customer service representatives, asset managers.
- Adaptable and proficient in learning new concepts quickly and efficiently.
- Demonstrated respect, friendliness and willingness to help wherever needed.
- Paid attention to detail while completing assignments.
- Worked effectively in fast-paced environments.
- Used strong analytical and problem-solving skills to develop effective solutions for challenging situations.
- Used critical thinking to break down problems, evaluate solutions and make decisions.
- Proven ability to develop and implement creative solutions to complex problems.
- Demonstrated strong organizational and time management skills while managing multiple projects.
- Demonstrated a high level of initiative and creativity while tackling difficult tasks.
- Skilled at working independently and collaboratively in a team environment.
- Managed time efficiently in order to complete all tasks within deadlines.
- Proved successful working within tight deadlines and a fast-paced environment.
Processor
Mr. Cooper Mortgage
01.2021 - 06.2021
- Met production targets and tight deadlines by collaborating closely with team members.
- Increased productivity by effectively managing workload and prioritizing tasks.
- Consulted with outside vendors to identify and resolve loan closing issues.
- Educated customers on loan services and regulations to confirm compliance.
- Prepared file for final clear-to-close by branch management.
- Calculated debt-to-income ratios to determine maximum loan amounts and avoid overextending applicants.
- Confirmed applicants met lender requirements to repay loans by reviewing applications to determine eligibility.
- Improved overall organizational efficiency by maintaining accurate electronic files of all mortgage-related documents within company databases.
- Ensured compliance with federal lending regulations through meticulous attention to detail during the loan processing phase.
- Collaborated with Loan Officers to provide timely, accurate service for clients throughout entire mortgage process.
- Analyzed borrower credit reports and income statements to verify accuracy.
- Reviewed and validated details of loan applications and closing documentation.
- Upheld complete confidentiality of all submitted information according to release guidelines.
- Maintained accurate records of loan processing activities and documents in CRM system.
- Stayed up to date on loan regulation changes, processing loan applications in compliance with current laws.
- Assisted underwriters in approving loans by verifying financial information and ensuring accurate documentation.
- Reduced loan application errors by implementing a thorough quality control process for all submitted applications.
- Mitigated risk exposure for the organization through careful evaluation of applicant creditworthiness before proceeding with the loan process.
- Communicated with originator and applicant concerning progress of loan file.
- Readied Truth-in-Lending Disclosures for loan applicants, delivering important information about loan APR and repayment terms.
- Contributed to business growth through diligent work on complex loan applications that resulted in successful closings.
- Affirmed loan document accuracy to protect lenders from potential fraud.
- Streamlined client communications by creating an organized system for tracking correspondence and followups.
- Skilled at working independently and collaboratively in a team environment.
- Worked effectively in fast-paced environments.
- Used critical thinking to break down problems, evaluate solutions and make decisions.
- Excellent communication skills, both verbal and written.
Loss Mitigation Underwriter
Ditech Financial/ShellPoint
09.2014 - 07.2020
- Successfully completed numerous loan modification requests resulting in borrowers'' ability to retain their homes.
- Reviewed and analyzed complex borrower financial situations, determining appropriate workout options based on individual circumstances.
- Worked effectively in fast-paced environments.
- Paid attention to detail while completing assignments.
- Used strong analytical and problem-solving skills to develop effective solutions for challenging situations.
- Used critical thinking to break down problems, evaluate solutions and make decisions.
- Proved successful working within tight deadlines and a fast-paced environment.
- Worked well in a team setting, providing support and guidance.
- Skilled at working independently and collaboratively in a team environment.
- Completed paperwork, recognizing discrepancies and promptly addressing for resolution.
Education
Maricopa Community Colleges - Rio Salado Community College
Tempe, AZSkills
- Mortgage Servicing
- Escalation Resolution
- Analytical Thinking
- Financial and operational reporting
- Underwriting guidelines
- Financial Problem Assessments
- Analytical research
- Accounts receivable
Accomplishments
- Collaborated with team of four in the development of Loss Mitigation Process, policy and procedure, and quality control.
- Used Microsoft Excel to develop and complete timely payment of Loss Mitigation invoices within Accounts payable
Timeline
Loss Mitigation Underwriter
Cascade Financial Services
06.2021 - Current
Processor
Mr. Cooper Mortgage
01.2021 - 06.2021
Loss Mitigation Underwriter
Ditech Financial/ShellPoint
09.2014 - 07.2020
Maricopa Community Colleges - Rio Salado Community College
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