Dave Garrison
Atlanta,Georgia
Summary
Astute and methodical Senior Mortgage Underwriter with a significant background working with FNMA/FHLMC, QM & Non-QM, and Jumbo loan products. Proficient in reviewing extensive applications and supporting documentation. Maintains consistent pipelines and quick turnaround times with skilled handling of each customer's needs.
Overview
17
17
years of professional experience
Work History
SENIOR UNDERWRITER
Digital Risk LLC, REMOTE, STEARNS LENDING LLC
09.2019 - Current
- Responsible for managing and monitoring the daily workflow of your files and be an expert on agency loan guidelines and Stearns Lending, LLC internal underwriting procedures
- Underwriter must make sound decisions on loans regarding credit worthiness of borrowers while working closely with Retail MLO’s, and operations staff
- Responsible for managing and monitoring daily workflow of your files and be an expert on agency loan guidelines and Stearns internal underwriting procedures.
WHOLESALE MORTGAGE UNDERWRITER
Angel Oak Mortgage Solutions
11.2018 - 09.2019
- Reviews of all loan files for adherence to AOMS guidelines
- Responsible for issuance of all loan approvals and declinations in compliance with RESPA and ECOA measures
- Conditions loans in accordance with program and federal requirements; works with the broker to ensure all conditions are clear
- Works directly with the broker or correspondent
- Sole individual responsible for issuance of a file to close
- Responsible for pipeline management to adhere to turn times and compliance requirements
- Coordinates resolution of any auditing deficiencies with Quality Assurance and Management
SENIOR MORTGAGE UNDERWRITER
Digital Risk LLC
JACKSONVILLE, FL
10.2016 - 10.2018
- Perform complete and in-depth review of mortgage loan files including; income, assets, credit and collateral
- Utilize client’s loan operating system to ensure accurate data entry
- Underwrite loans in accordance with client guidelines; utilizing AUS or manual
- Guidelines
- Evaluate and ensure overall loan documents are accurate, complete, and compliant
- Ability to identify and/or clear ref flag or alerts
- Issue loan decision and condition file accordingly
- Review and approve conditions for compliance and completion of loan file
- Provide excellent customer service to internal and external clients
- Maintain current knowledge of client and investor requirements
- Resolve pre and post-closing issues as they relate to underwriting.
MORTGAGE UNDERWRITER III
CRM LENDING
JACKSONVILLE, FL
01.2016 - 10.2016
- Utilizes all systems in place, including automated underwriting to underwrite files in a timely manner
- Underwrites Conventional, VA, FHA, USDA Portfolio and Jumbo
- Updates information on processing and underwriting systems to verify, add, delete or waive conditions
- Contacts loan originators with the decision on the loan immediately after underwriting the file
- Serves as an intermediary for loan issues with the loan officers
- Participates in ongoing efforts to improve customer service for internal and external customers
- Manages pipeline to prioritize loans and keep all parties informed
- Utilizes loan notes in
- Loan origination system and updates all loans at least every three days
- Offers recommendations and aides in the development of written procedures to help improve the workflow and process within HME
- Keeps informed of current underwriting practices.
UNDERWRITER
DIGITAL RISK LLC
JACKSONVILLE, FL
04.2015 - 12.2015
- Review submitted loan file data and documents for adherence to investor and lender policies or review scope
- Determines applicant credit worthiness by assessing financial situation & risk of default
- Performs analysis of credit, income, assets, & collateral
- Experience with income validation including personal and corporate/partnership/complex tax forms
- Able to identify misrepresentation, inconsistencies, and/or fraudulent activity from analyzing the loan documentation and transaction
- Review and identify red flags for potential fraud and misrepresentation
- Able to underwrite all loan types with minimal supervision
- Underwrites & analyzes Investor / Agency guidelines to make sure transaction meets requirements
- Ability to document rationale for credit and collateral decisions
- Time management and organization skills to effectively prioritize multiple objectives and achieve volume and quality goals
- Capable of working under pressure from internal and external customers
- Ability to handle confidential material in a professional, highly ethical manner, meet deadlines, maintain a high degree of diplomacy and tact
- Maintain daily time entry and number of loans reviewed in system
- Other duties as assigned.
UNDERWRITER III
PHH MORTGAGE INC, MERRILL LYNCH
JACKSONVILLE, FL
04.2013 - 03.2015
- Review and decision credit, income, asset and property documentation on designated loans for compliance with MLHL and investor guidelines and clearing conditions as applicable
- Identify and work through alternatives with higher level Underwriter or Supervisor for loans that fall outside of guidelines
- Demonstrate the ability to translate underwriting guidelines with application of mitigating factors, when applicable, to ensure proper salability to investors
- Continually develop interpersonal skills with the ability to interact with other departments and third parties in a professional manner
- Minimizing company risk while maintain productivity to ensure profitable growth
RELATIONSHIP MANAGER
PHH MORTGAGE INC, MERRILL LYNCH
JACKSONVILLE, FL
10.2010 - 04.2013
- Responsible for working with Merrill Lynch/Bank of America’s high net worth clients while serving as a loan officer and loan processors from application to closing
- Manage active pipeline from origination to closing by setting deadlines and maintaining sense of urgency
- Follow-up with customers in a timely and efficient manner
- Consecutively meeting and exceeding projected sales goals while maintaining high levels of customer services
- Analyze underwriting guidelines to determine the documentation and lock/pricing requirements on loan level basis
- Interviewing clients to help them determine their goals and recommending the best mortgage product to fit their needs
- Continually develop rapport with clients through finding common ground with clients and delivering on promises made
REGIONAL BRANCH MANAGER
PRIME FINANCIAL SERVICES
JACKSONVILLE, FL
01.2010 - 10.2010
- Establishing sales techniques and procedures that were adopted by past employers as best practice procedures
- Prepare activity and other types of reports for branch, regional and corporate managers
- Advise managers of success, needs, market competition information, etc
- Performs managerial duties including hiring, progression monitoring, promotion, quarterly career path & performance coaching, and performance evaluation
- Keep informed on trends and developments in the local real estate market, as well as the changing rules and regulations, pertaining to both private and government-insured mortgages
- Consistently work in accordance with published departmental sales and service standards.
PRODUCING BRANCH MANAGER
21ST CENTURY MORTGAGE COMPANY
JACKSONVILLE, FL
03.2007 - 12.2009
- Managed a 12 loan officer team in charge of maintaining productivity as well as originating
- Convert company provided leads (generated by the company and other sources) into personal appointments with the potential customers
- Compares and evaluates possible financial products, develops solutions, and decides which to recommend to customers to best meet their needs and financial circumstances
- Collects and analyzes clients' financial information
- Negotiate terms and conditions of loans with applicants
- Analyze current rates and programs to provide accurate and timely information to customers
SENIOR LOAN OFFICER, manager
CENTEX HOME EQUITY
JACKSONVILLE, FL
12.2005 - 03.2007
- M.I.T
- Training)
- Ranked top loan officer in region for several months consecutively w/ proven track record
- Corporate marketing, Cold Calling, Prospecting, Networking and building business to business relationships with Attorneys, Builders/Developers, Financial Planners, and other industry professional
- Take loan applications from potential clients for purchases and refinances and setting expectations for the overall process
- Educate and guide applicant through loan process
- Answer questions and resolve problems that may develop with loan file
- Maintain close contact with branch processors, closer, receptionist, etc
- To coordinate and confirm appointments, calls, applications, loan status, etc
Skills
Developed the RECAP UW Methodology
R- Risk is identifying red flags, compensating factors, and a complete summary of the underwriting analysis
E - Employment and Income Analysis
C - Credit Analysis and Debt to Income Ratios
A - Assets and Reserves Analysis
P - Property - Appraisal / Title / Trust Analysis and LTV(s)
Writing easy to understand conditions in order to reduce loan re-submissions
Properly Documenting the File and Protect the lender from future defects
Speciality: Income Analysis including Income Types:
(1) Self-employed borrowers
(2) Asset review and depletion/utilization calculations
(3) Analyzing 1120, 1120S, and 1065 business and personal tax returns
(4) Analyzing Trust Income
Types of Loans:
(1) Fannie Mae / Freddie Mac / Ginnie Mae
(2) VA / FHA / USDA
(3) QM / Non-QM
(4) Jumbo Products
Timeline
SENIOR UNDERWRITER
Digital Risk LLC, REMOTE, STEARNS LENDING LLC
09.2019 - Current
WHOLESALE MORTGAGE UNDERWRITER
Angel Oak Mortgage Solutions
11.2018 - 09.2019
SENIOR MORTGAGE UNDERWRITER
Digital Risk LLC
10.2016 - 10.2018
MORTGAGE UNDERWRITER III
CRM LENDING
01.2016 - 10.2016
UNDERWRITER
DIGITAL RISK LLC
04.2015 - 12.2015
UNDERWRITER III
PHH MORTGAGE INC, MERRILL LYNCH
04.2013 - 03.2015
RELATIONSHIP MANAGER
PHH MORTGAGE INC, MERRILL LYNCH
10.2010 - 04.2013
REGIONAL BRANCH MANAGER
PRIME FINANCIAL SERVICES
01.2010 - 10.2010
PRODUCING BRANCH MANAGER
21ST CENTURY MORTGAGE COMPANY
03.2007 - 12.2009
SENIOR LOAN OFFICER, manager
CENTEX HOME EQUITY
12.2005 - 03.2007