CLAUDINE MITCHELL
Davie
Summary
Highly Motivated Experienced Mortgage Underwriter with 25 years of experience in analyzing loan application.
Skilled in verifying asset, income, credit, collateral information to ensure Within compliance with loan criteria and federal regulation.
I started and have been in the banking financial industry for 40 years.
Successful at stepping into diverse positions and making immediate positive contributions.
Forward thinking professional with solid history of accomplishments.
Overview
32
32
years of professional experience
Work History
AVP SENIOR UNDERWRITER; AVP DE/FHA/MORTGAGE UNDERWRITER; LOSS MITIGATION UNDERWRITER
Bank of America National Association
03.2005 - 10.2023
- Managed and underwritten high volume of mortgage loan applications to ensure compliance with lending standards and regulations.
- Analyzed loan applications and supporting documents to determine credit worthiness and identify any potential risk to assess loan risks at first touch for escalation review.
- Analyzed loan files for accuracy, completeness and compliance with regulations, such as TRID, RESPA and HMDA, TILA, LE, etc.
- Conduct in-depth reviews of borrower's credit history and appraisals.
- Established relationships with loan originators to ensure their understanding of company lending policies and procedures.
- Performed detailed calculations to verify that loan applicants meet debt-to-income ratios and other standards.
- SME/Subject matter expert. Provided leadership, insight and mentoring to newly hired employees to supply knowledge of various company programs.
- Assessed risk factors associated with loan requests to determine whether they meet established criteria for approval.
- Performed quality control reviews on all approved and declined loans prior to closing.
- Monitored pipeline activity to ensure timely underwriting of all loans within established service level agreements.
- Provided guidance and assistance to junior underwriters regarding loan underwriting processes and procedures.
- Attended conferences, seminars and training sessions related to mortgage banking operations.
- Reviewed appraisals for accuracy before approving a loan package for submission.
- Created action plan to handle accounts with unacceptable risk characteristics.
CLOSER, PROCESSOR, APPRAISAL REVIEWER, CONSTRUCTION UNDERWRITER
HSBC
01.1992 - 03.2005
- Managed and underwritten high volume construction loans on a daily basis to meet SLA.
- Review new builders documents and submit to Corporate office for builder approval.
- Analyzed construction loan applications and supporting documents to determined credit worthiness.
- Analyzed builders draw request, disburse draws during construction phase.
- Analyze appraisal updates during construction phase at each construction draw/phase.
- Once loans are out of construction phase, re-underwrite with CEMA to permanent loan.
- Started as Data Entry, Closer, Appraisal reviewer and in 2 years became Junior underwriter then Senior underwriter.
- Reviewed title commitments to ensure clear titles were obtained prior to closing.
Education
2 YEARS - BUSINESS ADMINISTRATION
BRONX COMMUNITY COLLEGE
CERTIFIED BANK TELLER
KATHERINE GIBBS VOCATIONAL SCHOOL
Skills
- Credit Analysis Expert
- Risk Assessment-Expert
- Underwriting Analysis
- Subject Matter Expert
- Appraisal review
- FHA
- Title Review
- Individual Tax returns/ Business returns
- Compliance Knowledge Expert
- Documentation Review Expert
- Problem solver
- Customer Service
Accomplishments
- Appraisal Certified DE FHA ET76
- 2010 Employee of the Year
- 2016 Employee to Achieved
Timeline
AVP SENIOR UNDERWRITER; AVP DE/FHA/MORTGAGE UNDERWRITER; LOSS MITIGATION UNDERWRITER
Bank of America National Association
03.2005 - 10.2023
CLOSER, PROCESSOR, APPRAISAL REVIEWER, CONSTRUCTION UNDERWRITER
HSBC
01.1992 - 03.2005
2 YEARS - BUSINESS ADMINISTRATION
BRONX COMMUNITY COLLEGE
CERTIFIED BANK TELLER
KATHERINE GIBBS VOCATIONAL SCHOOL