Carol Riedel
Sullivan,Ohio
Summary
Recent work experience includes underwriting DE FHA, USDA, Conventional, VA/SARS with additional experience underwriting BOND, 203K, Manufactured homes and Condominiums. I have excellent written and verbal communication skills. I am very computer literate and am experienced working with Encompass, PCL, ACES, Microsoft Access, Word, Excel, PowerPoint and Teams. My strengths include the ability to work independently, learn very quickly, provide excellent customer service and high ethical standards.
Overview
23
23
years of professional experience
Work History
Senior Underwriter -Retail
Movement Mortgage, LLC
05.2021 - 10.2022
- Underwrote USDA, VA, FHA and Conventional loan products
- Completed pre-funding audit reviews
- Responsible for reviewing all mortgage loan applications with supporting loan documents to render confident credit decision
- Responsibilities included working with sales and processing staff closely to minimize loan conditions and facilitate positive customer experience from time of application through closing process
- Experienced in underwriting self-employed borrowers including partnership 1065, Corporate 1120, 1120s and personal return.
- Guided, mentored and coached underwriters in both technical and professional skills, instilling best practice and company standards.
- Able to meet and exceed production requirements of 3 new loans and 7 loan condition reviews a day
- Verified integrity of applicants' information to minimize fraud.
- Worked with processing team members to communicate errors and obtain missing information for current applications.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
- Evaluated performance of less experienced underwriters and helped improve overall work quality by implementing improvement plans.
- Reviewed team underwriting decisions to identify incorrect actions and reverse previous decisions when merited.
- Analyzed and verified applicant income, assets and credit history to support compliance with underwriting guidelines.
- Negotiated and communicated with loan officers, processors and loan applicants to reach satisfactory loan terms.
Senior Underwriter-Wholesale
Equity Prime Mortgage, LLC
06.2020 - 04.2021
- Underwrote FHA loans including 203k loan product, VA and Conventional refinance and purchase loans;
- Responsible for meeting quality and guideline requirements for investors as well as FHA/VA/Conventional guidelines and communicating to management, sales and processing staff in timely manner
- Lead reviewer of Condominium FHA/Conventional properties.
- Verified integrity of applicants' information to minimize fraud.
- Worked with processing team members to communicate errors and obtain missing information for current applications.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
- Negotiated and communicated with loan officers, processors and loan applicants to reach satisfactory loan terms.
- Reviewed appraisals and title documents to verify accuracy and completeness.
- Approved or denied loans based on established criteria and underwriting guidelines.
- Evaluated loan applications, determining creditworthiness, assessing risk and establishing loan conditions.
Senior Underwriter-Correspondence
Homespire Mortgage
06.2002 - 02.2018
- Remote/Retail/Correspondence, responsible for underwriting FHA, VA and Conventional refinance and purchase loans; completed initial review of submitted applications with supporting documentation to decision loan
- Responsible for meeting quality and guideline requirements for investors as well as FHA/VA/Conventional guidelines and communicating to management, sales and processing staff in a timely manner
- Lead reviewer of Condominium
- Verified integrity of applicants' information to minimize fraud.
- Worked with processing team members to communicate errors and obtain missing information for current applications.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
Senior Underwriter - Retail
ResMac, Inc
06.2015 - 01.2018
- Job responsibilities included initial file review of submitted applications with supporting loan documentation
- Thorough review was completed on all credit, employment, asset, full appraisal, compliance documents, and fraud tools to render decision and condition file accordingly
- Loan conditions and decisions were based on investor guidelines and overlays
- Loan decision and conditions were communicated in a timely and efficient manner insuring that decision and requirements are understood
- Risk and rational were documented in file to insure compliance.
- Verified integrity of applicants' information to minimize fraud.
Mortgage Loan Auditor
American Mortgage Consultants
07.2014 - 05.2015
- Job responsibilities included post-closing audits of restructured and modified loans
- Responsible for re-underwriting loans to insure investor and compliance guidelines were met
- Audit findings were compiled and communicated to supervisor.
Mortgage Post-Closing Auditor
Mortgage Solutions Financial
02.2013 - 01.2014
- Checked accuracy and completeness of all paperwork.
- Completed post-closing quality control evaluations of originated mortgage loans.
Senior Underwriter-Retail
Wells Fargo Home Mortgage
06.2012 - 02.2013
- Level 3 Underwriter, FHA loans were escalated to me based on difficulty and if manual underwriting would be required
- Verified integrity of applicants' information to minimize fraud.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Evaluated performance of less experienced underwriters and helped improve overall work quality by implementing improvement plans.
Fair Lending Auditor
Third Federal Savings
12.1999 - 02.2009
- Designed a database using Microsoft Access and conducted internal Fair Lending Reviews and worked with external audit team to insure federal fair lending regulatory requirements where met by institution
- Completed comprehensive and thorough review of match pair analysis
- Researched and updated industry knowledge on changing legislation and regulations.
- Additional compliance duties included assisting in modifying and drafting lending documents and disclosure documents
- Assisted in interpreting and clarifying regulations and guidelines and communicating to internal legal and management staff.
Education
University of Phoenix
Tempe, AZFlorida Institute of Technology-Melbourne
Melbourne, FLSkills
- Customer Interaction
- Desktop Underwriter
- Quality Assurance
- Critical Thinking
- Writing
- Interdepartmental Communication
- Analysis and Evaluation
- Pipeline Management
- Collateral Valuation
- Guidelines Knowledge
- Data Analysis
- Judgment and Decision-Making
- Time Management
- Complex Problem-Solving
- Customer Satisfaction
- Loan Restructuring
- Sales Support
- Fraud Detection Techniques
Managing partner Kindred Investments, Inc.
I am the managing partner of Kindred Investments, Inc. which owns real estate rental properties
Director of Kindred Cats and Kittens Rescue
I am the director of a small animal rescue non-profit
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
Many people today believe that cynicism requires courage. Actually, cynicism is the height of cowardice. It is innocence and open-heartedness that requires the true courage—however often we are hurt as a result of it.
Erica Jong
Timeline
Senior Underwriter -Retail
Movement Mortgage, LLC
05.2021 - 10.2022
Senior Underwriter-Wholesale
Equity Prime Mortgage, LLC
06.2020 - 04.2021
Senior Underwriter - Retail
ResMac, Inc
06.2015 - 01.2018
Mortgage Loan Auditor
American Mortgage Consultants
07.2014 - 05.2015
Mortgage Post-Closing Auditor
Mortgage Solutions Financial
02.2013 - 01.2014
Senior Underwriter-Retail
Wells Fargo Home Mortgage
06.2012 - 02.2013
Senior Underwriter-Correspondence
Homespire Mortgage
06.2002 - 02.2018
Fair Lending Auditor
Third Federal Savings
12.1999 - 02.2009
University of Phoenix
Florida Institute of Technology-Melbourne
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