Chyvaughn Young
Wilmington,DE
Summary
DE Residential and Commercial Underwriter with specifications in SBA ,FHA, VA, HELOCS and conforming loans.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Underwriting Team Lead
Quontic Bank
New York, NY
01.2021 - Current
- Determined level of acceptable risk by reviewing applications for coverage and loss control reports.
- Inspected financial statements, credit information and title data to complete underwriting process.
- Decreased value of substandard risk policy and specified endorsements.
- Applied rating to encourage safe, profitable distribution of risks.
- Conducted accurate and thorough risk selection with proper classification of insureds.
- Reviewed credit histories from applicants and determined feasibility of granting requested loans.
- Approved or denied loan applications and explained reasoning behind decisions.
- Located and suggested loan packages that met client needs and priorities.
- Verified client financial information to determine creditworthiness and loan eligibility.
- Stayed abreast of lending regulations, industry trends and market rates.
- Adhered to federal and state compliance guidelines relative to retail mortgage lending.
- Recommended loan approvals and denials based on customer loan application reviews.
- Reviewed loan agreements to verify completeness and accuracy according to applicable policies.
- Researched applicant employment and financial histories to confirm document accuracy.
- Assessed financial means and desires of each client in order to set up appropriate mortgage packages.
- Collaborated with company teams to expedite loan approval processes.
- Analyzed tax returns and financial statements to determine ongoing cash flow to support loan repayment.
- Analyzed loan risk and reviewed loan conditions and requirements.
- Analyzed applicant assets and credit history to determine willingness and capacity to repay proposed mortgage obligation.
- Evaluated loans against portfolio and investor guidelines.
- Supported system administrators for loan origination software by maintaining loan product definitions and specifications.
- Analyzed applicant financial and credit status, evaluating assets and risk to determine loan feasibility.
Mortgage Underwriter
Bayview Loan Servicing
Horsham , PA
06.2017 - 01.2021
- Researched applicant employment and financial histories to confirm document accuracy.
- Collaborated with loan originators and processors to correctly review and assess applications and risks.
- Resolved document mistakes and discrepancies and identified signs of fraudulent activity.
- Requested additional information for applications and documents when necessary.
- Determined loan eligibility and approved or rejected applications.
- Reviewed and evaluated loan applications and supporting documents.
- Analyzed loan risk and reviewed loan conditions and requirements.
- Maintained compliance with company and regulatory policies.
- Analyzed tax returns and financial statements to determine ongoing cash flow to support loan repayment.
- Supported system administrators for loan origination software by maintaining loan product definitions and specifications.
- Evaluated loans against portfolio and investor guidelines.
- Evaluated documents to determine property ownership.
- Exchanged title-related information with realtors and lending personnel.
- Reviewed real estate closing files to identify and correct errors.
Closing Coordinator /Conveyancer
Title Forward
Philadelphia, PA
05.2012 - 06.2017
- Performed title searches, ordered reports and obtained clearance documents.
- Responded to customer inquiries and researched answers to questions.
- Handled pipeline of active deals in closing stage.
- Prepared and balanced ALTA (settlement statement) and closing disclosures (HUD 1's
- Add lender fees to Closing disclosure
- Prepared legal documents according to state and/or federal regulations
- Ordered Payoffs, LOI's (letter of indemnity) for prior owner items on title, and all other state specific items Ensure loans close in accordance with Underwriter's approval and NPF's policies and procedures
- Processed recording rejections
- Prepared recording packages for county (e-record and Simplifile)
- Ordered information to provide clearance to items such as judgments, child support payments, or open mortgages
- Worked with title companies on loan scheduling, document delivery, final signoff of HUD-1
- Assist in resolving issues at closing Prepare collateral files to Funding within required time frames Facilitates all customer requests including endorsements, review of documents, and searches.
- Review post-closing packages for accuracy and completeness Cure deficiencies Manages the order pipeline proactively and effectively schedules all closings to the customers' satisfaction.
- Responds quickly to all requests and provides periodic updates to the customer until their request is met.
- Follows up on required documents up to the point of closing Assist other departments as needed Meet performance requirements for volume
- Reviewed real estate closing files to identify and correct errors.
- Exchanged title-related information with realtors and lending personnel.
- Evaluated documents to determine property ownership.
Teller /Teller Supervisor
Wells Fargo
Philadelphia, PA
06.2010 - 04.2012
- Supplied tellers with coin and currency.
- Verified amounts and integrity of every check or funds transfer.
- Ordered checks, placed stop payment orders and conducted additional special services for customers.
- Helped customers open and close accounts, apply for loans and make sound financial decisions.
- Maintained optimal financial controls by securing funds and making accurate transactions.
- Met or exceeded sales goals by promoting bank products and services in customer interactions.
- Verified transactions involving cashier's checks, money orders and account transfers.
- Managed and balanced cash vault, audits and general ledger accounts.
- Balanced daily cash deposits and vault inventory with zero error rate.
- Offered every customer exceptional service levels by remaining friendly and professional during every transaction.
- Promoted facility security by monitoring customer behaviors and following established protocols to protect individuals and assets.
- Trained employees on cash drawer operation.
- Adhered to financial services security and audit procedures.
- Identified and reported suspicious behavior to security personnel as appropriate.
- Directed specific questions to appropriate branch personnel.
- Opened new checking, savings and lines of credit for customer accounts.
- Issued and redeemed money orders, cashier checks, traveler's checks and savings bonds.
- Performed transactional, operational, and customer support tasks through knowledge of bank procedures and products.
- Built and maintained client relationships through quality, personalized interactions.
- Cross-sold bank products by answering inquiries, informing customers of new services and promotions.
Education
Master of Science - Accounting And Finance
DeVry University
Downers Grove, IL2021
Skills
- Quality Control
- HMDA
- SBA
- Equipment Maintenance
- Resource Allocation
- Consumer Lending
- Appraisal Review
- Collateral Review
- HELOC
- Purchase
- Critical thinking
- Commercial and Residential Underwriting
- Refinance
- Outbound calling
- Cold Calling
- Portfolio Analysis
- Condos
- Co-op
- Consumer Loan Workstation
- TRID
- Underwriting
- Data Analyytics
- Risk Analysis
- Credit Risk
- Credit Card
- Personal Loans
- Mortgage Loans
- Loss Mitigation
- Funding
- Income Calculation
- Time Management
- Pipeline management
- QC Review
- Internal Audit
- Frontline Sales
- Customer Service
- Web support
- Management
- Fannie Mae
- Freddie Mac
- Regulation Knowledge
Additional Information
- Encompass
- Empower
- Calyx
- Microsoft office suite
- Zoom
Certification
- Notary Public Pennsylvania
Timeline
Underwriting Team Lead
Quontic Bank
01.2021 - Current
Mortgage Underwriter
Bayview Loan Servicing
06.2017 - 01.2021
Closing Coordinator /Conveyancer
Title Forward
05.2012 - 06.2017
Teller /Teller Supervisor
Wells Fargo
06.2010 - 04.2012
Master of Science - Accounting And Finance
DeVry University
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