Diane Young
Somerset,USA
Summary
Accomplished Senior Mortgage Underwriting Manager with a proven track record at Bank of Montreal, adept in leveraging Calyx Point and Deal Management to optimize lending outcomes. Demonstrated expertise in high-net-worth client portfolios, enhancing loan approval rates by restructuring declined applications. Renowned for meticulous risk assessment and a strategic approach to compliance, ensuring excellence in loan processing.
Overview
11
11
years of professional experience
Work History
Senior Mortgage Underwriting manager (Private Bank)
Bank of Montreal
05.2022 - 08.2024
- Company Overview: Remote
- Conducted thorough evaluations of complex mortgage applications from high-net-worth clients, ensuring adherence to lending policies, assessing risk factors, and providing expert recommendations to support sound lending decisions
- Proficiently underwrote intricate mortgage loans catering to high-net-worth clients, demonstrating precision in risk assessment and alignment with company protocols
- Conducted meticulous appraisal reviews, proactively identifying risk factors and proposing supplementary requisites, thereby ensuring rigorous adherence to organizational guidelines
- Exercised signing authority up to 3 million, signifying trust in decision-making and accountability for substantial loan approvals
- Skillfully applied comprehensive understanding of loan products to successfully restructure declined loans, leading to subsequent approvals and optimizing lending outcomes
- Multi-family loan reviews
- Remote
Director of Operations
Leverage Capital
Newark, NJ
12.2023 - 02.2024
- Analyzed Financial Profit and Loss Statements to determine strategies to meet companies lending objectives
- Implemented and wrote policy procedures and guideline requirements for commercial and multi-family lending programs
- Tested software conversion from salesforce to Lending Pad
- Implemented KPI's to ensure customer satisfaction, employee retention, revenue growth, and cost reduction
Senior Mortgage Underwriter
Arc Home Loans
03.2020 - 05.2022
- Company Overview: Remote
- Assessed and analyzed complex mortgage applications, ensured compliance with industry regulations, and provided expert recommendations to facilitate informed lending decisions
- Ensured loan submittals met internal and external eligibility requirements
- Gained extensive experience in underwriting, Jumbo, Super Jumbo & Non-QM loans
- Leveraged knowledge of loan products to help restructure turn-down loans for subsequent approvals
- Exercised signing authority of 5 million
- Performed in-depth appraisal reviews and recommended additional requirements needed for risk to adhere to company guidelines
- Produced productivity and quality standards reports on junior level underwriters and provided secondary second level reviews on complex files and credit exceptions which resulted in increased quality standards by 20%
- Performed complex income / tax return analysis
- Remote
Senior Mortgage Underwriter
American Mortgage Consultants
08.2018 - 12.2019
- Company Overview: Remote
- Meticulously evaluated complex mortgage applications, ensuring compliance with industry regulations and company guidelines, while providing expert recommendations to facilitate informed lending decisions
- Evaluated credit decisions for accuracy based upon established risk parameters and in accordance with policy, program and product guidelines for multiple investors
- Oversaw the examination of several different types of lending conventional, Jumbo, Non-QM and Home Equity lines of credit
- Approved loans within credit authority and in accordance with matrix, and credit policy requirements
- Responded to company, individual, and investor audits, and assisted with fraud detection and prevention
- Remote
Commercial Mortgage Loan Analyst
BCB Bank/Limitless Talent
Bayonne, NJ
03.2018 - 10.2018
- Maintain an organized workflow and maintain all files in an orderly fashion
- Maintain good communication with lending personnel through timely meetings and written correspondence
- Analyze Credit Documentation/Agreements and extract the necessary information for booking on Loan IQ, tax returns, personal financial statements, insurance, title work, etc
- For proper maintenance of the loan portfolio
- Experience and familiarity with Credit Proposal review, Credit Mod and Decision sheet approval
- Ability to proactively analyze financial statements by identifying trends, weaknesses, industry comparisons and compiling into a comprehensive report for loan approval
- Prioritize multiple tasks to meet business member deadlines while ensuring credit integrity of the transaction
- Process deal amendments
High End Net Worth Underwriter
Morgan Stanley
New York, NY
07.2017 - 02.2018
- Company Overview: New York NY
- Analyzed and assessed intricate financial profiles of affluent clients, employing a keen understanding of risk factors and industry best practices to make informed lending decisions that align with the firm's high standards of excellence
- Proficiently underwrote intricate mortgage loans tailored to high-net-worth clients, demonstrating a meticulous approach to risk assessment and adherence to exacting lending standards
- Conducted comprehensive income and tax return analyses, scrutinizing NOI and Rent Rolls with precision, contributing to robust financial evaluations and informed lending judgments
- Skillfully evaluated and validated a diverse range of legal documents including Articles of Organization, Corporate Resolutions, Performance Escrow, Undertaking Agreements, UCC Filings, and CEMA'S, ensuring rigorous compliance and minimizing potential risks
- Authorized loans within credit boundaries and aligned with Morgan Stanley's credit policy, showcasing astute decision-making and contributing to a streamlined lending process
- Collaborated to identify and recommend alternative loan strategies, showcasing a proactive approach to problem-solving and client-centric service
- Ensured impeccable data accuracy, upholding the integrity of lending documentation and supporting seamless loan processing
- Spearheaded efforts to reduce prefund quality control errors to an impressive sub-10% level, demonstrating a commitment to excellence and operational efficiency
- Exercised a high-level signing authority of 30 million, underscoring trust in decision-making process and leadership within the lending domain
- New York NY
Senior Mortgage Loan Underwriter
The Huntington National Bank
08.2016 - 07.2017
- Company Overview: Remote
- Expertly evaluated complex mortgage applications, ensuring regulatory compliance, mitigating risk, and providing decisive recommendations to support the bank's sound lending decisions while maintaining a focus on exceptional customer service
- Ensured that the property specifications and loan terms meet investor overlays, Fannie Mae, Freddie Mac, and FHA requirements and government regulations to delivery into the secondary market
- Ensured timely review and clearing conditions to meet and exceed customer expectations
- Balanced the need for loan-volume growth with the equally important necessity of optimum underwriting quality to minimize risk while maximizing profitability
- Demonstrated excellent follow-through with borrowers, loan processors, loan originators and management throughout all phases of the underwriting process
- Remote
QC Manager Repurchase-Recovery
First Key Mortgage
Rye Brook, NY
10.2015 - 08.2016
- Company Overview: Rye Brook N.Y
- Led and oversaw a dynamic team in executing robust quality control procedures, identifying and rectifying loan discrepancies, and collaborating with stakeholders to optimize repurchase and recovery processes, ensuring the integrity of the lending portfolio
- Performed forensic underwriting and servicing review on required loan files
- Made determination of deficiencies identified during the review of the loan file to determine non-compliance with company, industry, investor, servicing guidelines, and/or federal/state/local laws
- Made an appropriate decision if a repurchase demand or recovery for the loan file
- Oversaw all written and verbal communication to counterparty and internal parties (risk management, sales, legal, compliance, operations, servicing, transaction management, and finance) for repurchase demands or recovery requests and status
- Evaluated all rebuttals from counterparties and made an appropriate decision on the acceptance or non-acceptance of the rebuttal
- Created, maintained and distributed reports internally/externally for all repurchase demands and recoveries
- Coordinated selection process for external monthly Post Purchase Compliance Review and Servicing Compliance to ensure the timely delivery and appropriate servicing of selected loans
- Rye Brook N.Y
AVP-Compliance & Secondary market Repurchase HELOC First and Second Lien Reviews
Hudson City Savings Bank (Private Label Mortgage Resolution)
Paramus, NJ
04.2013 - 09.2015
- Company Overview: Paramus, NJ
- Analyzed and reviewed files for any misrepresentations of credit, employment, income, collateral and occupancy
- Provided an in-depth forensic review of aged non-performing loans, as well as non-compliance, provided written recommendation on results found
- Provided due Diligence review results, recovered over 50 million for the bank
- Composed a comprehensive report which addressed the validity of the repurchase demand claims, analyzed the overall investor-quality of the underwritten credit profile, recovered 50 million dollars for the bank
- Reviewed and examined Disclosures for any deficiencies, HMDA, REG B, REG Z and all Trid requirements
- In-depth understanding of both State and Federal Compliance regulations
- Performed internal pre-close and post close disclosure audits, escalated discrepancies directly to the CFO
- Extensive knowledge of full origination lifecycle to include processing, closing, underwriting and compliance
- Review and cite MLPSA, PSA, FMLSSA, and Assignment, Assumption, and Recognition Agreements
- Paramus, NJ
Education
Bachelor of Finance (B.S.) - Finance-process, Business Administration, Business Management, Economics
Ashford University
Chandler, AZSkills
- Calyx Point
- Deal Management
- Microsoft Office Suites
- Desktop Underwriter
- Loan Management System
- Loan Prospector
- Empower
- LSAMS
- MLCS
- Encompass
- Lexis Nexis
- Westlaw
- Retro AVM
- Secretary of State
- TRID Certified
- Compliance Ease
- All Regs
- QCM
- Blacknight
- Salesforce
- Net Oxygen
- Loan IQ
- Certified Ambassador Mortgage Underwriter (NAMU-CAMU)
- Excel
- Jack Henry
Professionaldevelopmenttrainingandcertifications
- Due Diligence
- Tax Return Analysis
- HARP
- VA Underwriting
- FHA DE Certified
- HAMP
- SAS-Reporting /Query
- Appraisal Reform
- FHA Credit Examiner
- Six Sigma Black Belt Certification
- Lean Methodologies Certified
- RESPA Reform and Compliance 2011-Dodd Frank
- Advanced Quality Control Certificate
- Global Data
Additionalrelevantexperience
- BCB Bank, Commercial Loan Portfolio Manager, Bayonne, NJ
- JP Morgan, Private Label Mortgage Resolution Group, Repurchase Analyst/Compliance AML, New York, NY
- Affinity Federal Credit Union, Senior Underwriter, Basking Ridge, NJ
- General Electric GE Consumer Finance, Team Lead Underwriting, Orangeburg, NJ
Skills - Computerandtechnicalskills
- Calyx Point
- Deal Management
- Microsoft Office Suites
- Desktop Underwriter
- Loan Management System
- Loan Prospector
- Empower
- LSAMS
- MLCS
- Encompass
- Lexis Nexis
- Westlaw
- Retro AVM
- Secretary of State
- TRID Certified
- Compliance Ease
- All Regs
- QCM
- Blacknight
- Salesforce
- Net Oxygen
- Loan IQ
- Certified Ambassador Mortgage Underwriter (NAMU-CAMU)
- Excel
- Jack Henry
Timeline
Director of Operations
Leverage Capital
12.2023 - 02.2024
Senior Mortgage Underwriting manager (Private Bank)
Bank of Montreal
05.2022 - 08.2024
Senior Mortgage Underwriter
Arc Home Loans
03.2020 - 05.2022
Senior Mortgage Underwriter
American Mortgage Consultants
08.2018 - 12.2019
Commercial Mortgage Loan Analyst
BCB Bank/Limitless Talent
03.2018 - 10.2018
High End Net Worth Underwriter
Morgan Stanley
07.2017 - 02.2018
Senior Mortgage Loan Underwriter
The Huntington National Bank
08.2016 - 07.2017
QC Manager Repurchase-Recovery
First Key Mortgage
10.2015 - 08.2016
AVP-Compliance & Secondary market Repurchase HELOC First and Second Lien Reviews
Hudson City Savings Bank (Private Label Mortgage Resolution)
04.2013 - 09.2015
Bachelor of Finance (B.S.) - Finance-process, Business Administration, Business Management, Economics
Ashford University
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