AMANDA SOMERVILLE
Auburn Hills,MI
Summary
Detail-oriented credit professional with expertise in loan decision making, analyzing risk and managing credit analysts. Highly organized with the ability to handle multiple tasks at once in a fast paced working environment with a high degree of accuracy. Passionate self starter with excellent time management skills, working to achieve personal, team and company goals.
Overview
11
11
years of professional experience
Work History
Retail Credit Risk Analyst
TD Auto Finance
04.2023 - Current
- Assessing creditworthiness of clients by examining credit history case by case. Completing ratio, trend and cash flows analyses and creating projections.
- Developing and maintaining courteous and effective working relationships in a fast paced environment while working in a team setting with tight deadlines providing support and guidance while ensuring compliance and mitigating risk.
- Using strong analytical and problem-solving skills to develop effective solutions for challenging situations.
- Skilled at working independently and collaboratively in a team environment.
Government (DE) Mortgage Loan Underwriter
Cross Country Mortgage
10.2021 - 01.2023
- Evaluated and underwrote a vast array of mortgage loan products and programs analyzing required loan documents to make sound loan decisions
- Utilized and interpreted data by reviewing all loan documents, including (but not limited to) credit report, income (rental, self employment-sch C, sch G, 1065 and 1120), assets, full appraisal review including SUA, title, and fraud tools to determine borrower ability to repay debt, in accordance with AUS systems and investor guidelines: FNMA, FHLMC, FHA, USDA, manual, state, QM and non-QM, and bond specific requirements
- Accurately completed system data entry to ensure salable loans while performing risk assessment of credit and collateral to make certain of credit quality
- Consistently exceeded production goals-underwriting 6-8+ new loans a day and reviewing resubmitted files within 24hr turn-time; while maintaining loan quality with no material or moderate findings
- Coached, mentored and trained junior underwriter's.
Government (DE) Mortgage Loan Underwriter
Plains Commerce Bank
07.2020 - 10.2021
- Product types underwritten: Fannie & Freddie conventional up to high balance county limits, FHA to HUD county limits including high balance, FHA streamline and manual (credit and non-credit qualifying), USDA, QM & Non QM, New Construction, Bridge loans, Bond and DPA. Maintaining expert knowledge of available loan products, underwriting process, program and investor guidelines, state and federal rules and regulations.
- Reviewed, analyzed and evaluated required loan documentation to determine creditworthiness, assessing risk and establishing loan conditions while supporting compliance with underwriting guidelines.
- Provided secondary review of suspended files and files recommended for decline and coached and mentored underwriters when defects were found
Senior Mortgage Loan Underwriter
United Wholesale Mortgage
01.2019 - 06.2020
- Responsible for maintaining comprehensive knowledge of underwriting guidelines to underwrite mortgages ensuring that all product-specific, investor and company guidelines were met through review, analysis and validation of credit, income, assets, collateral and title, etc
- Independently calculated income, including rental and self employment with a clear understanding of self-employed business structures
- Expert knowledge of tax returns, including balance sheet analysis to determine business liquidity and acceptability
- Coached and mentored underwriters when defects were found. Trained to ensure loan quality standards were being met-evaluated the performance of less experienced underwriters to improve work quality by implementing improvement plans.
- Provided secondary review of suspended files and files recommended for decline.
Conventional Mortgage Ops Lead
Urban Fulfillment Services
02.2016 - 11.2018
- Oversaw compliance, underwriting operations, and processing teams in addition to weekly meetings with sales.
- Responsible for underwriting (issuing approvals, denials and suspending when necessary) refinance and purchase mortgages for a Large, FDIC insured mortgage bank; Fannie Mae and Freddie Mac.
- Ensured my team (of 7 underwriters) met underwriting and QC/ QA requirements to ensure file completion, accuracy and commitment dates were met as agreed.
- Provided exemplary customer service by effectively communicating (oral and written) and cooperating with all internal/external customers -Maintained a strong working knowledge of residential loan documentation policies and standard industry guidelines
Retail Credit Analyst Manager (Consumer Loans)
TD Auto Finance
08.2015 - 02.2016
- Responsible for development and performance of a team of ten credit analysts to underwrite auto deals that met company requirements and guidelines.
- Created daily, weekly and monthly action plans that resulted in performance goal achievement.
- Provided training and coaching on a daily basis; promoted the professional growth of the team and continually pursued opportunities for career training and development while meeting regularly with senior leadership to develop strategies for client goal achievement
- Gained extensive auto knowledge in regards to data entry, analysis and reporting and simultaneously strengthened communication skills through regular interactions with internal and external contacts.
Conventional Mortgage Underwriter
Flagstar Bank
01.2013 - 05.2015
- Analyzed and verified conventional loan applications to make well informed underwriting decisions ensuring all loan documentation met program, investor AUS and agency requirements and guidelines as well as accuracy and completness.
- Reviewed credit history, income, assets, collateral, etc, and assessed DTI for accuracy and saleability all to support compliance with underwriting guidelines.
- Maintained loan quality and customer satisfaction.
Education
Associate of Science - Accounting And Finance
Oakland Community College
05.2024
Skills
- Advanced knowledge of Real Estate Lending systems
- FHA DE Underwriter
- Advanced research, analytical, and problem solving
- Advanced organizational, planning and time management
- Credit Risk Assessment and analysis
- Expert Knowledge with Encompass
- Full Appraisal Review
- Detail oriented
- Advanced communication and customer service
Timeline
Retail Credit Risk Analyst
TD Auto Finance
04.2023 - Current
Government (DE) Mortgage Loan Underwriter
Cross Country Mortgage
10.2021 - 01.2023
Government (DE) Mortgage Loan Underwriter
Plains Commerce Bank
07.2020 - 10.2021
Senior Mortgage Loan Underwriter
United Wholesale Mortgage
01.2019 - 06.2020
Conventional Mortgage Ops Lead
Urban Fulfillment Services
02.2016 - 11.2018
Retail Credit Analyst Manager (Consumer Loans)
TD Auto Finance
08.2015 - 02.2016
Conventional Mortgage Underwriter
Flagstar Bank
01.2013 - 05.2015
Associate of Science - Accounting And Finance
Oakland Community College