Andrew Ashe
Norfolk
Summary
Accomplished Mortgage Underwriter with a robust background in residential loans and foreclosure prevention strategies, honed at Prosperity Home Mortgage and other leading firms. Expert in collateral evaluation and income calculation accuracy, demonstrating a keen analytical ability and strong decision-making skills. Proven track record of enhancing loan quality and compliance.
Overview
19
19
years of professional experience
Work History
Sr. Mortgage Underwriter
Prosperity Home Mortgage
10.2020 - 02.2022
- Maintain 2 day turn times
- Run initial underwrite in Encompass and condition loan for final approval
- Ensure that title and flood cert is ordered
- Rerun loan for final approval
- Work directly with processors and loan officers with decisions made on loan files
Mortgage Underwriter
Universal Financial Solutions
11.2016 - 12.2019
- Maintain 2 day turn times
- Responsible for remaining updated on all investor, agency, FHA, VA guideline changes along with any overlays
- Manage production pipeline
- Assist loan officers with scenarios and explaining any conditions that are not clear to them
- Assist in the training of junior underwriters and processors
- Analyze credit reports, income documentation, assets, liabilities, property appraisals and title reports to ensure loans meet company standards for sale into secondary market
- Run files through AUS (LP/DU/DO) when applicable
- Work directly with processors and loan officers with decisions made on loan files
QC Underwriter/Non QM Underwriter Reviewer
New Bold Advisors
Richmond
04.2016 - 07.2016
- Provide due diligence review and support for 1600 FHA seasoned loan sale to Ginnie Mae
- Review seasoned closed loans for compliance with company underwriting guidelines and GNMA eligibility
- Apply a credit event rating to reflect loan conformance with loan sale eligibility requirements
- Possess recent knowledge of FHA/VA guidelines, and have track record with GNMA-eligible products
- Review and ensure data integrity to confirm the accuracy of automated and Non-QM underwriting findings
- Apply all internal underwriting guidelines, investor requirements and federal regulations to the decision process to ensure high loan quality
- Perform detailed analysis and review of one-to-four family appraisals to determine if property meets investor and agency guidelines
Mortgage Insurance Underwriter (Genworth)
Headway Workforce Solutions
Virginia Beach
05.2015 - 07.2015
- Used secured website (Citrex) to obtain files from client
- Reviewed documents for approval of Mortgage Insurance
- Ensured approval was within company’s guidelines for approval
- Submitted high risk borrowers and appraisals for 2nd level review
Press Support/Press Operator
Vitex Packaging Group
Suffolk
08.2014 - 01.2015
- Basically, put loads of paper into the feed to run and keep up the ink and other supplies for the machine such as plates, ink, rags
- Ensure good quality of print for shipping to customers
- Perform preventive maintenance on equipment
QC Underwriter/Compliance Reviewer
RRMS Advisors
New York
06.2013 - 11.2014
- Manually re-underwrite foreclosed loans
- Review closed 1st and 2nd mortgages to ensure loans are in lender and investor compliance
- Response to allegations from investor
- Write rebuttal letters of conditions
Mortgage Underwriter 3
Indecomm Global Services
Charlotte
08.2012 - 05.2013
- Manually re-underwrite foreclosed loans
- Underwrite residential loans ensuring compliance with appropriate company and secondary market investor standards
- Examined loan documentation for accuracy and completeness
- Complete a thorough analysis of loan files to determine accuracy against supporting documents in file and compliance with Company, Investor and Government guidelines
- Calculated federal tax returns (personal and business) along with analyzing various income (pay stubs, award letter, 1099 forms)
- Assisted in identifying, recommending and/or negotiating alternative loan requirements, funding and/or loan-structuring solutions
- Reviewed analyze and evaluate title reports, flood certifications and appraisals
- Maintained current knowledge as it pertains to, RESPA, TILA, ECOA, HMDA and Fair Lending regulations
Consulting Engagement- Foreclosure/Compliance Senior Audit Consultant
PNC Bank - (Hilltop Advisors)
Miamisburg
08.2011 - 09.2012
- Supervise a team of six consultants in the validation and analysis of mortgage loans details via the client Mortgage’s internal systems by order of the Office of The Comptroller of The Currency (OCC) and the Federal Reserve Board
- Develop improvements to foreclosure process and advise client on state foreclosure laws
- Conduct independent audit review on residential foreclosure actions regarding borrowers and the loans serviced by the Bank
- Assess foreclosure actions brought by the Bank during January 2009 to December 2010 to identify customers who may have been financially injured as result of errors or other deficiencies made during the foreclosure process
- Functional Technical Tools used to perform those analyses: Multiple Client Bank internal systems (Document Repository Oracle Database, System Analysis and SharePoint, Safeguard, DCR Analyzer, Image Express, OCIE
- Review finding of consultants concerning the loss mitigation and processing of homeowner’s loans for loan modification/foreclosure
- 2nd level review complaints borrowers submit per OCC and Federal guidelines
- Submit final finding to Senior review committee on complaints and recommend compensation if any borrower has accord any damages in loss mitigation/foreclosure
Due Diligence Auditor
Mela Capital Group
04.2011 - 08.2011
- Conduct fraud and repurchase loan audits on distressed mortgage loans
- Perform audits on all fraud or misrepresentation identified in origination QC audits, EPD audits, Investor Repurchase Demands, and Investor mandated audits
- Re-underwrite EPD and fraudulent loans to determine origination underwriting deficiencies against Investor or MI guidelines
- Identify all avenues of recourse options available
- Enter all necessary data into the database to be reviewed
Mortgage Underwriter II
PHH Mortgage- (Aerotek)
Mount Laurel
12.2010 - 03.2011
- Reviewed credit reports, bank statements, VOD, pay stubs and W-2/tax returns to ensure they supported application
- Validating the AUS (DU, LP, Clues) findings and ensuring accuracy and administering sound judgment in underwriting loans for approval
- Ensure all loans are underwritten to company/investor guidelines
- Report fraud i.e
- (income/asset misrepresentation, value inflation, straw-buyers, non-length transactions
- Responsible for reviewing, analyzing, final approval and underwriting of residential loans
- Conducted Post Foreclosure Review (PFR), Early Payment Defaults reviews (EPD) and Loss Mitigation reviews
- Reviewed appraisal via AVM reports for final value
- Analyzed data integrity i.e
- (deed/mortgage, note appraisals, title, HUD-1, application, hazard insurance)
Mortgage Loan Specialist Loss Mitigation/Team Lead
Wells Fargo- (REMX)
Phoenix
10.2008 - 08.2010
- Level I Underwriter with Signing Authority approval of $417,000
- Reviewed credit reports, bank statements, pay stubs and W-2/tax returns to ensure they support application
- Contact communicator/processor to clear conditions of loan
- Prepare files for Quality Control
- Ensure that loans are within Fannie/Freddie/FHA guidelines
- Analyze third party reports i.e
- (Pacer, Real Quest, Lexis Nexis, Safe check, BPO/REO and field reviews) and websites i.e
- (Secretary of State, 411.com, Zillow.com and Cyberhomes.com
Mortgage Underwriter II /Processor
Allied Home Mortgage
Norcross
05.2003 - 05.2008
- Underwrote residential loans ensuring compliance with appropriate company and secondary market investor standards
- Working knowledge of credit, spread analysis, lending, underwriting concepts, practices and procedures or other directly related experience
- Analyze complex tax returns and financial reports
- Reviewed exception reports to ensure completion of all tasks
- Underwrote FNMA, Freddie Mac with HUD guidelines
- Underwrote conventional and portfolio loans, in addition to FHA/VA and loans
- Ability to analyze and research financial statements, credit reports, debt ratios and loan to value information
Education
Business Administration -
Tidewater Community College
Virginia Beach02.2025
Skills
- Residential loans
- Closing document review
- Foreclosure prevention strategies
- Collateral evaluation
- Income calculation accuracy
- Credit report interpretation
- Jumbo and super jumbo loans
- Bankruptcy processes
- Loan modification experience
Volunteer Experience
- Pop Warner Football Coach, Suffolk, VA, 2015, 2016
- JV Football Coach, Kings Fork High School, 2017, Present
- Mentor, Commonwealth Challenge Youth Academy, 2017
Awards
- Army Achievement Medal
- Good Conduct Medal w/3 stars
- Combat Action Ribbon
- Navy Unit Commendation
- Southwest Asia Service Medal w/3 stars
- Dean’s List Letter, Tidewater Community College
Military Experience
- 06/01/89, 12/01/93, Administrative Clerk/Infantryman, United States Marine Corps, 3rd Battalion 6th Marines 2nd Marine Division, Camp Lejeune, NC, 28445
- 04/01/87, 05/01/89, Infantryman, United States Army, 3rd United States Infantry (The Old Guard), Fort Myers, VA, 22211
- 06/01/82, 07/01/86, Administrative Clerk, United States Marine Corps, Marine Security Guard Battalion (State Dept), Quantico, VA, 22134
References
References available upon request.
Timeline
Sr. Mortgage Underwriter
Prosperity Home Mortgage
10.2020 - 02.2022
Mortgage Underwriter
Universal Financial Solutions
11.2016 - 12.2019
QC Underwriter/Non QM Underwriter Reviewer
New Bold Advisors
04.2016 - 07.2016
Mortgage Insurance Underwriter (Genworth)
Headway Workforce Solutions
05.2015 - 07.2015
Press Support/Press Operator
Vitex Packaging Group
08.2014 - 01.2015
QC Underwriter/Compliance Reviewer
RRMS Advisors
06.2013 - 11.2014
Mortgage Underwriter 3
Indecomm Global Services
08.2012 - 05.2013
Consulting Engagement- Foreclosure/Compliance Senior Audit Consultant
PNC Bank - (Hilltop Advisors)
08.2011 - 09.2012
Due Diligence Auditor
Mela Capital Group
04.2011 - 08.2011
Mortgage Underwriter II
PHH Mortgage- (Aerotek)
12.2010 - 03.2011
Mortgage Loan Specialist Loss Mitigation/Team Lead
Wells Fargo- (REMX)
10.2008 - 08.2010
Mortgage Underwriter II /Processor
Allied Home Mortgage
05.2003 - 05.2008
Business Administration -
Tidewater Community College
Similar Profiles
Amy LoftusAmy Loftus
Mortgage Consultant at Prosperity Home Mortgage - Edina Realty MortgageMortgage Consultant at Prosperity Home Mortgage - Edina Realty Mortgage
Bryan ChristiansenBryan Christiansen
Transaction Coordinator at Prosperity Home MortgageTransaction Coordinator at Prosperity Home Mortgage
Luis AguilarLuis Aguilar
Mortgage Loan Officer at Prosperity Home MortgageMortgage Loan Officer at Prosperity Home Mortgage