Colleen Evans

• Supported underwriters as well as retail and wholesale divisions by addressing inquiries and resolving loan escalations.
• Conducted risk assessments on loan applications using detailed financial analysis.
• Maintained knowledge of changing regulations and guidelines in the mortgage industry.
• Completed second level reviews for underwriters of FNMA, FHLMC, FHA, VA and USDA as well as Non-Conforming loan programs.

Underwriting loans remotely for FHA, FNMA, FHLMC, and Correspondent Jumbo Loan programs. My knowledge has expanded by working for such a large organization by adding additional programs as well as new geographic locations to my experience. Being previously located in NY, I am familiar with underwriting requirements for coop loans, as well as CEMA transactions. Delegated underwriting for the Jumbo program, the experience I have gained due to the complexity of the borrowers is substantial. My responsibilities include the validation of internal, investor-specific, and automated underwriting guidelines and requirements for complex loan transactions. Each day, I specifically review all documents pertaining to credit, collateral, income, and assets, verifying accuracy and completeness.

I began working on site as a contract underwriter for Radian in May of 2001 and was hired 4 months later by MCS Mortgage Bankers. My responsibilities include review and analysis of FHA 203b, 203k, Non Conforming, Cooperative Share loans as well as FNMA and FHLMC loans, while adhering to company, investor and industry guidelines. I have worked directly with senior management evaluating and structuring transactions. I have reviewed complex loans for 2nd level approval and assisted management in training of new underwriters. During my time with MCS I also held the position of Secondary Marketing Manager where I managed the locking of loans and investor pipelines however for the past 9 years my focus has been on underwriting.

Review of credit, income, assets and collateral for consumer loans to determine both investor and mortgage insurance guidelines were met.  

Applied knowledge of FHA and conventional underwriting guidelines to all loans.  Review of investor guidelines to determine loan eligibility. 

I originally began as a Mortgage Processor and was subsequently promoted within the company eventually to the Operations Manager.   My responsibilities included working closely with loans officers, processors and underwriters structuring loans and problem solving.