Angela Raczo
Avondale,AZ
Summary
Diligent Residential Mortgage Underwriter with a robust background in underwriting, specializing in risk assessment and policy evaluation. Proven track record of making informed decisions that align with company goals and regulatory standards. Demonstrated expertise in financial analysis and client relationship management.
Overview
7
7
years of professional experience
Work History
Senior Residential Mortgage Underwriter
Wells Fargo Home Mortgage
09.2024 - 04.2025
- Completed a thorough analysis of loan files to determine compliance with company and investor guidelines
- Underwrite of credit package and make loan decisions for residential lending applications
- Review and analyze appraisals in connection with residential loan applications
- Analyze tax returns and other financial statements and review title commitments
- Approved or denied loans based on established criteria and underwriting guidelines.
- Analyzed and verified applicant income, assets, and credit history to support compliance with underwriting guidelines.
- Maintained open lines of communication with internal stakeholders such as processors, closers, and sales representatives to ensure a seamless mortgage underwriting process.
- Enhanced risk assessment accuracy by conducting thorough reviews of credit reports, employment history, and income verification documents.
Senior Mortgage Underwriter
Infosys BPO America, LLC
12.2021 - 05.2023
- Reviewed documents for accuracy and completeness, determine necessary documentation, and perform data validation
- Ensured compliance with regulatory requirements and industry standards
- Underwrite credit packages and make loan decisions for residential lending applications
- Reviewed and analyzed appraisals in connection with residential loan applications
- Analyzed tax returns and other financial statements and review of title commitments
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Maintained mortgage program compliance with federal agencies such as VA, HUD, and FNMA.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
- Analyzed and verified applicant income, assets, and credit history to support compliance with underwriting guidelines.
- Evaluated loan applications, determining creditworthiness, assessing risk, and establishing loan conditions.
Non Qm Underwriter
Paramount Residential Mortgage Group
06.2020 - 10.2021
- Completed thorough analysis of loan files to determine compliance with company and investor guidelines
- Evaluated the entire credit package and collateral for residential mortgage loans
- Checked the accuracy of all calculations for data integrity
- Communicated decisions on loans to appropriate parties both verbally and in writing
- Front-line underwriting of non-QM loan products
- Performed thorough analysis of the applicant's income and expense data, asset documentation, credit reports, and property valuations
- Performed manual underwriting, requiring a detailed familiarity with various loan programs
- Executed appraisal analysis to determine that acceptable collateral standards were met
- Responded to post closing reviews and audits in a timely fashion
- Analyzed credit, income, compliance, title documents, and appraisals during underwriting process.
- Documented underwriting decisions and provided evidence of compliance with applicable regulations.
- Conducted regular audits of underwriting files to ensure accuracy, compliance, and consistency in decision-making processes.
- Examined credit reports, financial statements and tax returns to determine repayment capability.
Mortgage Loan Processor
Citizens Bank/Franklin
11.2019 - 04.2020
- Processed mortgage loan applications from registration to post-closing
- Validated client documentation for accuracy and compliance with underwriting guidelines
- Reviewed and obtained credit reports, title reports, appraisals, mortgage payoffs, and verifications of employment/deposit
- Worked closely with loan officers, underwriters, realtors, and title companies to ensure seamless loan processing
- Submitted loans for underwriting, clear conditions, and prepare all loan documents for closing
- Provided an exceptional customer experience by keeping clients informed, addressing concerns promptly, and ensuring a smooth mortgage process
- Ensured compliance with all TRID/RESPA regulations and maintain accurate disclosure timelines
- Managed multiple lender portals and processed loan files efficiently
- Troubleshoot title issues, including vesting concerns, liens, and judgments
- Maintained a high closing percentage while meeting strict deadlines
- Experience with Encompass, Calyx Point, and other mortgage software
- Strong understanding of underwriting guidelines, AUS (DU/DO/LPA/GUS), risk assessment, and loan structuring
- Processed mortgage loan applications accurately and successfully for over 5 years.
Mortgage Underwriter
Wells Fargo Home Mortgage
05.2018 - 10.2019
- Performed an in-depth review of at least 80 proposed transactions per month
- Referenced a wide variety of income and asset documentation when assessing a loan application; determine borrower income based upon lending guidelines
- Performed credit report analysis
- Evaluated purchase contract and determine borrower's income, assets, liabilities, and obligations from the following document types:
- Income documentation including, but not limited to, paystubs, 1040's, 1120's,1065's, W-2's, 1099's, K-1's, social security, disability, and annuities
- Checking accounts, savings accounts, mutual funds, IRA's, 401k's, insurance plans, stock and bond portfolios
- Credit report and supporting documentation as it pertains to bankruptcy, foreclosure, short sale, public records, and depth of credit
- Approved or denied loans based on established criteria and underwriting guidelines.
- Analyzed and verified applicant income, assets and credit history to support compliance with underwriting guidelines.
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
- Maintained mortgage program compliance with federal agencies such as VA, HUD, and FNMA.
- Evaluated loan applications, determining creditworthiness, assessing risk and establishing loan conditions.
- Conducted comprehensive risk assessments for loan approvals, ensuring alignment with regulatory and company standards.
Education
Bachelor of Science - Social Work & Counseling
University of Phoenix
Tempe, AZ01.2027
High School Diploma -
Trevor G Browne High School
Phoenix, AZ01.1982
Skills
- Utilized various websites to perform research and also communicated with the parties involved to the transactions which included the agents
- Communicated and discussed updates and changes of new policies, and coverage
- Used various software such as CORE, MERS Assurance, and other mortgage systems
- Non-Qm Mortgage Underwriting (Performed a manual review of the borrower's financial situation, which included income verification, asset evaluation, and an assessment of their ability to repay the loan)
- Alternative Income Verification: consideration of income sources that may not be easily verifiable by traditional methods, such as rental income or income from side jobs
- Knowledge of Credit Scoring and Risk Assessment
- Underwriting guidelines
- Loan approval & denial
- Freddie Mac & Fannie Mae
- Underwriting calculations
- Property Appraisal
- Decision-making
- Critical thinking
Timeline
Senior Residential Mortgage Underwriter
Wells Fargo Home Mortgage
09.2024 - 04.2025
Senior Mortgage Underwriter
Infosys BPO America, LLC
12.2021 - 05.2023
Non Qm Underwriter
Paramount Residential Mortgage Group
06.2020 - 10.2021
Mortgage Loan Processor
Citizens Bank/Franklin
11.2019 - 04.2020
Mortgage Underwriter
Wells Fargo Home Mortgage
05.2018 - 10.2019
Bachelor of Science - Social Work & Counseling
University of Phoenix
High School Diploma -
Trevor G Browne High School
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