Cate Herrick

Managed a team of hand picked Senior Mortgage Underwriters in reviewing loans denied at the branch or lending facility level in order to validate initial denial and to offer potential options to save loans from being fully denied.

• Ensured compliance with company policies as well as industry regulations through diligent oversight of daily operations and staff adherence to guidelines.
• Developed a high-performing team by recruiting top talent, providing ongoing training, and fostering a positive work environment.
• Collaborated with cross-functional departments to drive cohesive efforts towards common goals and objectives.
• Held several different positions within 5/3 to include developing & delivering company wide training on compliance and best practice lending to underwriters, processors, and loan officers; Exception analyst Sr. Govt underwriter for the National UW Team; and Pre-funding Quality Control Team Lead

• Analyzed credit, income, compliance, title documents, financial statements, tax returns, appraisals to determine repayment capability for government, Jumbo, and conforming loans.
• Documented underwriting decisions and provided evidence of compliance with applicable regulations.
• Reduced company losses by identifying potential risks and recommending appropriate mitigating measures.
• Supported review, acceptance, or denial of new or renewal business after carefully reviewing all information.