Summary
Overview
Work History
Education
Skills
Websites
Timeline
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Angela Morris

Powder Springs,GA

Summary

Dynamic mortgage underwriter with extensive experience at Silverton Mortgage, excelling in risk analysis and compliance. Proven track record of managing high-volume pipelines while ensuring adherence to Fannie Mae and Freddie Mac guidelines. Exceptional communication and decision-making skills foster strong relationships, driving successful loan approvals and enhancing team performance.

Overview

16
16
years of professional experience

Work History

MORTGAGE UNDERWRITER IV

Silverton Mortgage
Atlanta, GA
08.2023 - Current
  • Underwrite 10 to 12 loans per day, including initial underwrites, conditions review, appraisal review, title review, and clear to closes.
  • Adhere to underwriting turn times of 24 hours on initial reviews and conditions review.
  • Review loan applications and supporting documentation for Fannie Mae, Freddie Mac, FHA, VA, USDA, and Bond housing loans, including contracts, Income verification, credit reports, title, homeowner's insurance, and property valuations.
  • Assess the creditworthiness of borrowers by analyzing financial statements, tax returns, employment history, and other relevant information.
  • Evaluate debt-to-income ratios and other key financial indicators to determine loan feasibility.
  • Ensure compliance with lending regulations, internal policies, and underwriting guidelines.
  • Collaborate with loan officers, processors, and other team members to gather necessary information and address any application deficiencies or documentation gaps.
  • Conduct thorough risk assessments to identify potential red flags or fraudulent activities.
  • Prepare loan underwriting summaries, including recommended loan structures, risk mitigation strategies, and rationales for decision-making.
  • Communicate lending decisions and provide clear explanations to loan officers, processors, and other stakeholders.
  • Stay updated on industry best practices, regulatory changes, and market trends related to housing financing.
  • Ability to problem solve and restructure loans in order to obtain approval when necessary.

SENIOR MORTGAGE UNDERWRITER/TEAM LEAD

Atlantic Bay Mortgage Group
Virginia Beach, VA
10.2016 - 03.2023
  • Oversaw a team of up to 7 mortgage underwriters.
  • Underwrote manual government loans, USDA, FHA/VA and Non-QM loans in accordance with agency and guidelines.
  • Performed 6 to 8 or more underwriter approval/declines reviews on loan applications providing financing for FNMA, FHLMC, FHA/VA, USDA, Jumbo, Non-QM daily and maintained a pipeline of 30 to 40 or more loans.
  • Maintained turn times of 24 hours for initial underwrites and clear to close loans; 48 hours for resubmits.
  • Authorized and underwrote appraisals.
  • Completed self-employed borrower analysis and rent schedules based upon tax returns in the file.
  • Validated borrower income by reviewing and calculating borrower's income based on paystubs and W2's.
  • Reviewed flood searches, title reports, UCC searches, appraisals, insurance policies and binders, and contracts for accuracy and validation.
  • Performed a detailed review of appraisal for properties to determine the acceptability of security for loans.
  • Developed rapport and built relationships with internal and external customers.
  • Analyzed approvals and results, accordingly, ensured compliance with FNMA, FHLMC, FHA/VA, USDA, Jumbo, Non-QM, and investor guidelines.
  • Performed quality control reviews of mortgage applications decisioned by my team and other underwriters for quality issues and other opportunities for improvement.
  • Negotiated repurchase transactions with originators and investors; completes a full review of all applications from origination to the final decision.
  • Researched and reviewed files to verify compliance/regulations have been satisfied.
  • Ensured compliance with Fair Housing, Reg B, and RESPA and all other applicable regulations on each application.
  • Preserved the company's risk exposure by analyzing decisions to approve.

SENIOR MORTGAGE UNDERWRITER

Bridgeview Bank Mortgage Company, LLC
Seven Hills, OH
02.2014 - 10.2016
  • Analyzed financial data related to loan requests.
  • Evaluated loan documents to ensure accuracy and completeness.
  • Performed risk assessments on potential loan recipients based on credit rating, borrowing history, and other specific risk factors.
  • Recorded loan denials and specific basis for declining applications.
  • Monitored and reported noncompliance with loan covenants.
  • Maintained client relationships and provided superior customer service.
  • Assisted with technical underwriting issues and questions.
  • Reviewed loan documentation and vendor reports to identify signs of fraudulent activity.

LEVEL 4 MORTGAGE UNDERWRITER

Wells Fargo
Independence, OH
01.2010 - 02.2014
  • Analyzed, reviewed, approved, and underwrote routine individual consumer requests and products with few deviations and within company and industry guidelines.
  • Reviewed credit applications, credit bureau information, collateral valuation, tax returns, financial statements, or other supporting documentation to recommend or approve requests.
  • Assisted with the calculations and preparation of reports for review.
  • Responded to customer inquiries and credit decisions.
  • Ensured credit files were current, complete, and compliant with company standards.
  • Contacted customers and partners to gather information to make appropriate decisions, and explained the rationale behind credit decisions.
  • Applied knowledge of standard underwriting procedures, and creditor financial analysis techniques.
  • Reviewed and performed an accurate analysis of financial documents.
  • Analyzed credit bureau reports and interpreted the data.
  • Performed the calculation of applicable ratios to determine affordability, credit utilization, asset coverage, etc.
  • Conducted extensive research to resolve complex underwriting issues.
  • Implemented fraud detection and prevention techniques.

Education

Tuskegee University
Tuskegee, AL

Skills

  • Excellent Communication
  • 203K/Renovation
  • Underwriting/Lending Guidelines
  • Fair Housing
  • Mortgage Insurance
  • Decision Making
  • Non-QM Mortgages
  • DPA (Down Payment Assistance)
  • Compliance
  • Fannie Mae and Freddie Mac
  • Relationship Building
  • Computer-based Proficiency
  • Teamwork
  • FHA/VA
  • Appraisal Analysis
  • USDA Mortgages
  • Time Management
  • TILA/HMDA/RESPA
  • Risk Analysis
  • HELOCS
  • Quality Control
  • Bond Loans
  • Credit Analysis
  • Critical Thinking
  • Jumbo Loans
  • Customer Service
  • ECOA

Timeline

MORTGAGE UNDERWRITER IV

Silverton Mortgage
08.2023 - Current

SENIOR MORTGAGE UNDERWRITER/TEAM LEAD

Atlantic Bay Mortgage Group
10.2016 - 03.2023

SENIOR MORTGAGE UNDERWRITER

Bridgeview Bank Mortgage Company, LLC
02.2014 - 10.2016

LEVEL 4 MORTGAGE UNDERWRITER

Wells Fargo
01.2010 - 02.2014

Tuskegee University

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