Summary
Overview
Work History
Education
Skills
Additional Information
Timeline
OperationsManager

Carmen Torrance

Summary

Astute and highly motivated Senior Underwriter with over 23 years of experience in the Mortgage industry, and more than 10 years of experience as an FHA DE Underwriter. Proficient in reviewing extensive and complex applications and supporting documentation, while maintaining consistent pipelines and quick turnaround times. Skilled handling of each loan in order to leverage profit and minimize risk to the Lender with a positive attitude, eager to contribute to team and overall company success.

Overview

27
27
years of professional experience

Work History

DE / Non-QM / QC/Sr. Credit Underwriter /Team Lead

Various Contract Employers / Various Clients
12.2001 - Current
  • Covius/Clayton, Contract Non-QM Credit UW for Various Clients, 10/2021-Current
  • Solomon Edwards, Contract DE Underwriter for Fulton Bank, 10/2020-07/2021
  • Opus, Contract Non-QM/QC, for Various Clients, 12/2018-07/2019
  • CSI, Contract Underwriter IV for Wells Fargo, 06/2010-02/2011
  • Crosby Corp., Contract Sr. Quality Control UW for Freddie Mac, 10/2009-06/2010
  • CSI, Contract Underwriter IV & Team Lead for Wells Fargo, 03/2007-04/2009, & 04/2009-07/2009
  • MDMC, Contract Sr. Credit UW for Various Clients, 12/2005-03/2007
  • Lydian Data Services, Contract Team Lead for Goldman Sachs, Merrill Lynch, 01/2004-11/2005
  • RPMG, Contract Sr. Credit UW for Long Beach Mtg, 04/2003-01/2004
  • RPI, Contract Underwriter II for Wells Fargo, 12/2001-04/2003

Senior DE Underwriter

Amerisave Mortgage
07.2019 - 10.2020
  • Thoroughly assessed loan applications and performed underwrites of more than four FHA-insured mortgage loan files per day.
  • Upheld fair lending practices and met targets for productivity, quality and customer satisfaction.
  • Examined credit, income and asset documents and reviewed title policy and appraisals for FHA loans.

Portfolio / Non-QM Underwriter

CenterState Bank
08.2017 - 08.2018
  • Performed initial credit and final full approval for loans that would be ineligible for delivery to FNMA or FHLMC but eligible for portfolio or Non-QM mortgage program.
  • Made careful determinations based on Centerstate's portfolio guidelines in order to to ensure compliance with corporate and secondary market investor standards and Borrower's Ability to Repay (ATR).
  • Manual underwrites of Non-Agency/Non-QM correspondent, wholesale and retail loans.

Senior DE / Builder Underwriter

Southeast Mortgage Of Georgia
11.2013 - 10.2015
  • Evaluate and underwrite new construction loans, and extension requests for existing loan portfolio.
  • Worked with Commercial Relationship Managers (CRMs) to complete initial project analysis, loan sources and uses, and assists in overall structuring of construction loans.
  • Subject Matter Expert for FHA related builder loans.

FHA DE Underwriter

Envoy Mortgage
09.2011 - 09.2013
  • Underwrite residential mortgage loans within scope of authority, ensuring compliance with FHA, FNMA and secondary market guidelines.
  • Earned Direct Endorsement Certificate withing 90 days of hire.

Senior Mortgage Underwriter

Bank Of America
02.2011 - 09.2011
  • Underwriting of residential loans ensuring compliance with appropriate company and secondary market investor standards.
  • Responsible for examining loan documentations for accuracy and completeness while working with loan originator or production staff to secure all required documents.

Education

Some College (No Degree) - Marketing / Business

Knoxville College
Knoxville, TN

Skills

  • FHA underwriting authority, active DE designation
  • Jumbo, QM and Non-QM proficient with strong working knowledge of ATR/QM requirements
  • Excellent understanding of collateral standards and review
  • Skilled in problem solving, multitasking and prioritization and possess sound judgment
  • Superior verbal and written communication skills
  • Ability to work in deadline-driven environment while ensuring high levels of accuracy and detail

Additional Information

References available upon request. Travel and relocation negotiable.

Timeline

Senior DE Underwriter

Amerisave Mortgage
07.2019 - 10.2020

Portfolio / Non-QM Underwriter

CenterState Bank
08.2017 - 08.2018

Senior DE / Builder Underwriter

Southeast Mortgage Of Georgia
11.2013 - 10.2015

FHA DE Underwriter

Envoy Mortgage
09.2011 - 09.2013

Senior Mortgage Underwriter

Bank Of America
02.2011 - 09.2011

DE / Non-QM / QC/Sr. Credit Underwriter /Team Lead

Various Contract Employers / Various Clients
12.2001 - Current

Some College (No Degree) - Marketing / Business

Knoxville College

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Carmen Torrance