DeShane Standberry
Allen,TX
Summary
Disciplined Mortgage Underwriter pays attention to details by analyzing risks and potential problems within mortgage applications. Team player collaborates well with other underwriters, originators and processors to produce quality results. Acts with fair and ethical behavior and complies with federal regulations and Fair Housing Act requirements.
Overview
5
5
years of professional experience
Work History
Senior Mortgage Loan Underwriter
Digital Risk/Bank of America
Maitland, FL
09.2021 - 06.2023
- Underwrote 5-6 new files per day plus conditions and re-approvals.
- Underwrote Conventional and HELOC according to Fannie/Freddie/Bank and Investor guidelines.
- Analyzed and evaluated loan applications to determine creditworthiness of potential borrowers.
- Reviewed borrower's financial documents such as income statements, tax returns, bank statements, and other relevant information.
- Verified employment history and reviewed appraisals for accuracy.
- Determined the appropriate loan amount based on established lending guidelines.
- Assessed risk factors associated with each loan application.
- Provided guidance and assistance to junior underwriters in their daily tasks.
- Conducted comprehensive reviews of existing loan portfolios to identify areas of improvement or risk.
- Reviewed title reports for accuracy and completeness before approving a loan package.
- Maintained up-to-date knowledge of federal regulations pertaining to mortgages and consumer protection laws.
- Collaborated with other departments within the organization such as accounting, sales, operations., when necessary.
- Ensured compliance with all applicable state and federal laws governing mortgage origination activities.
- Organized files containing all necessary documents related to approved loans.
- Coached junior staff members on proper techniques for evaluating applicants' financial profiles.
- Maintained compliance with company and regulatory policies.
- Reviewed titles and appraisals to validate properties to meet insurer and guarantor guidelines.
- Analyzed tax returns and financial statements to determine ongoing cash flow to support loan repayment.
- Requested additional information for applications and documents when necessary.
- 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.
- Determined loan eligibility and approved or rejected applications.
- Collaborated with loan originators and processors to correctly review and assess applications and risks.
- Researched applicant employment and financial histories to confirm document accuracy.
- Reviewed and evaluated loan applications and supporting documents.
- Stayed abreast of lending regulations, industry trends and market rates.
- Reviewed credit histories from applicants and determined feasibility of granting requested loans.
- Approved or denied loan applications and explained reasoning behind decisions.
Credit Risk Oversight
Ava Consulting/Mr. Cooper
Richardson, TX
03.2021 - 04.2021
- Audited 4-5 mortgage loans per day.
- Analyzed loan documents to ensure accuracy and compliance with applicable regulations and guidelines.
- Reviewed mortgage loans for potential fraud indicators.
- Conducted quality control audits of loan files to identify errors or omissions in the documentation.
- Performed detailed reviews of loan origination processes, policies, and procedures.
- Identified discrepancies between loan applications and supporting documents.
- Verified accuracy of borrower information such as credit scores, income sources.
- Investigated any discrepancies found during review process.
- Developed recommendations for corrective action when necessary.
- Prepared reports detailing audit results and recommended changes to improve processes and procedures.
- Maintained accurate records of all audit-related activities including findings, conclusions, corrective actions taken.
- Collaborated with internal teams on special projects related to mortgage lending operations.
- Evaluated lenders' compliance with federal regulations such as RESPA, TILA, ECOA, HMDA.
- Reviewed appraisals for accuracy and completeness prior to finalizing loans.
- Documented audit results in a clear and concise manner.
- Assessed effectiveness of current audit processes by conducting post-audit reviews.
- Ensured that all data collected during the auditing process is secure and confidential.
- Composed clear and concise audit findings to deliver comprehensive audit reports.
Mortgage Loan Underwriter
Lower.com
New Albany, OH
11.2020 - 03.2021
- Underwrote 3 new files per day plus conditions and re-approvals.
- Underwrote Conventional loans according to Fannie Mae/Freddie Mac/Investor guidelines.
- Reviewed loan applications to determine borrower's creditworthiness and eligibility for mortgage loans.
- Analyzed financial data including income, assets, debts and liabilities of borrowers.
- Evaluated credit reports, appraisals, title reports and other documentation related to the loan application.
- Determined whether or not to approve or deny loan requests based on established underwriting guidelines.
- Provided guidance and advice to loan officers regarding complex loan scenarios.
- Collaborated with other departments such as processing, closing and funding in order to ensure a smooth transaction process.
- Ensured all applicable laws were adhered to during the underwriting process.
- Maintained up-to-date knowledge of industry trends and changes in government regulations affecting mortgages lending.
- Identified potential risks associated with particular loan products or applicants.
- Communicated effectively with internal staff, customers and third parties throughout the entire underwriting process.
- Attended regular meetings with management team members discussing current market conditions impacting mortgage transactions.
- Updated status information in company systems accurately so that all stakeholders have access to accurate data at all times.
- Maintained compliance with company and regulatory policies.
- Assessed financial means and desires of each client in order to set up appropriate mortgage packages.
- Reviewed titles and appraisals to validate properties to meet insurer and guarantor guidelines.
- Analyzed tax returns and financial statements to determine ongoing cash flow to support loan repayment.
- Requested additional information for applications and documents when necessary.
- 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.
- Collaborated with loan originators and processors to correctly review and assess applications and risks.
- Reviewed and evaluated loan applications and supporting documents.
- Analyzed applicant financial and credit status, evaluating assets and risk to determine loan feasibility.
- Reviewed loan agreements to verify completeness and accuracy according to applicable policies.
- Stayed abreast of lending regulations, industry trends and market rates.
- Reviewed credit histories from applicants and determined feasibility of granting requested loans.
- Approved or denied loan applications and explained reasoning behind decisions.
Mortgage Loan Underwriter
Consolidated Analytics
Plano, TX
04.2020 - 11.2020
- Underwrote 2-3 new files per day plus conditions and re-approvals.
- Underwrote Conventional Loans according to Fannie Mae/Freddie Mac/Investor guidelines.
- Determined whether or not to approve or deny loan requests based on established underwriting guidelines.
- Reviewed loan applications to determine borrower's creditworthiness and eligibility for mortgage loans.
- Analyzed financial data including income, assets, debts and liabilities of borrowers.
- Evaluated credit reports, appraisals, title reports and other documentation related to the loan application.
- Prepared detailed written analyses of each loan request and submitted them for review by senior underwriters.
- Collaborated with other departments such as processing, closing and funding in order to ensure a smooth transaction process.
- Maintained up-to-date knowledge of industry trends and changes in government regulations affecting mortgages lending.
- Maintained compliance with company and regulatory policies.
- Reviewed titles and appraisals to validate properties to meet insurer and guarantor guidelines.
- Analyzed tax returns and financial statements to determine ongoing cash flow to support loan repayment.
- Analyzed loan risk and reviewed loan conditions and requirements.
- Requested additional information for applications and documents when necessary.
- Analyzed applicant assets and credit history to determine willingness and capacity to repay proposed mortgage obligation.
- Determined loan eligibility and approved or rejected applications.
- Stayed abreast of lending regulations, industry trends and market rates.
Mortgage Loan Underwriter
Digital Risk/Bank of America
Maitland, FL
12.2019 - 04.2020
- Underwrote 3-4 new files per day plus final conditions and re-approvals.
- Underwrote Conventional according to Fannie Mae/Freddie Mac/Investor guidelines.
- Reviewed loan applications to determine borrower's creditworthiness and eligibility for mortgage loans.
- Analyzed financial data including income, assets, debts and liabilities of borrowers.
- Evaluated credit reports, appraisals, title reports and other documentation related to the loan application.
- Prepared detailed written analyses of each loan request and submitted them for review by senior underwriters.
- Ensured all applicable laws were adhered to during the underwriting process.
- Maintained up-to-date knowledge of industry trends and changes in government regulations affecting mortgages lending.
- Communicated effectively with internal staff, customers and third parties throughout the entire underwriting process.
- Maintained compliance with company and regulatory policies.
- Reviewed titles and appraisals to validate properties to meet insurer and guarantor guidelines.
- 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.
- Analyzed applicant financial and credit status, evaluating assets and risk to determine loan feasibility.
- Stayed abreast of lending regulations, industry trends and market rates.
- Approved or denied loan applications and explained reasoning behind decisions.
Mortgage Compliance Auditor
AMC Mortgage Corporation
Tampa, FL
10.2018 - 02.2020
- Audited 8-10 mortgage loans per day.
- Reviewed mortgage loans for potential fraud indicators.
- Analyzed loan documents to ensure accuracy and compliance with applicable regulations and guidelines.
- Performed detailed reviews of loan origination processes, policies, and procedures.
- Identified discrepancies between loan applications and supporting documents.
- Verified accuracy of borrower information such as credit scores, income sources.
- Investigated any discrepancies found during review process.
- Developed recommendations for corrective action when necessary.
- Maintained accurate records of all audit-related activities including findings, conclusions, corrective actions taken.
- Monitored lenders' adherence to investor guidelines regarding underwriting criteria.
- Reviewed appraisals for accuracy and completeness prior to finalizing loans.
- Documented audit results in a clear and concise manner.
- Evaluated lenders' compliance with federal regulations such as RESPA, TILA, ECOA, HMDA.
- Conducted quality control audits of loan files to identify errors or omissions in the documentation.
Education
High School Diploma -
Richardson Hight School
Richardson, TX05-1994
Some College (No Degree) - Business Law
San Jacinto College District
Pasadena, TXSkills
- Credit Risk Analysis
- Quality Control Procedures
- Employment Verification
- Income Verification
- Documentation Review
- Application Analysis
- Credit History Review
- Financial History Analysis
- Loan File Maintenance
- Income Evaluation
- Corporate Financial Statements
- Application Review
- Property Evaluation
- Loan Processing Coordination
- Automated Underwriting System (AUS)
- Creditworthiness Determination
- Attention to Detail
- Microsoft Office
- Basic Mathematics
- Oral and Written Comprehension
- Eligibility Determination
- Financial History Review
- 10-Key Data Entry
- Intuit QuickBooks
- Analytical and Critical Thinking
- Customer Service
- Decision-Making
- Active Listening and Learning
Timeline
Senior Mortgage Loan Underwriter
Digital Risk/Bank of America
09.2021 - 06.2023
Credit Risk Oversight
Ava Consulting/Mr. Cooper
03.2021 - 04.2021
Mortgage Loan Underwriter
Lower.com
11.2020 - 03.2021
Mortgage Loan Underwriter
Consolidated Analytics
04.2020 - 11.2020
Mortgage Loan Underwriter
Digital Risk/Bank of America
12.2019 - 04.2020
Mortgage Compliance Auditor
AMC Mortgage Corporation
10.2018 - 02.2020
High School Diploma -
Richardson Hight School
Some College (No Degree) - Business Law
San Jacinto College District
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