Eddie Woullard
Country Club Hills
Summary
Professional Underwriter with comprehensive knowledge in risk assessment, policy development, and client relationship management. Proven track record in delivering high-quality results through collaborative efforts and adaptability to changing market conditions. Strong analytical skills, attention to detail, and strategic approach drive impactful decisions and foster team success.
Overview
22
22
years of professional experience
Work History
Sr Underwriter, Quality Control
Freddie Mac
71 S Wacker Drive Suite 1000
10.2018 - Current
- Effectively manage and underwrite residential mortgage loans in accordance with FHLMC, FNMA, FHA and Non-Agency loans each month delivered by primary market sellers to secondary market for loan delivery/purchase.
- Underwrite all aspects of the loan file including Credit, Employment/income, Complex Self-Employment business structures, Appraisal, Sales contract, Assets, title, Flood, and Closing Disclosures.
- Meet monthly production and quality metrics.
- Write clear and concise repurchase letters to sellers when defects are identified within the loan file based on applicable policy/terms of business.
- Validate loan delivery data, monitor adverse trends and report findings.
- Participated in industry conferences and seminars to stay informed about the latest trends, regulatory changes, and best practices in underwriting.
- Mentored junior underwriters, fostering their professional growth and enhancing team performance.
- Applied knowledge of underwriting guidelines to maintain compliance with applicable regulations and company standards.
- Streamlined underwriting processes for increased efficiency and faster turnaround times.
Sr Jumbo Loan Underwriter
GUARANTEED RATE
Chicago, Illinois
08.2017 - Current
- Responsible for but not limited to the underwriting of residential loans ensuring compliance with appropriate company and investor standards
- Responsible for examining loan documentations for accuracy and completeness while working with loan originator or production staff to secure all required documents
- Analyze loan-to-value ratio, debt-to-income ratio, credit report, application, income and asset documentation, appraisal, etc., to ensure that each loan meets secondary market, investor and company standards
- Stay up to date with any changes in loan underwriting and industry guidelines
- Communicate clearly with loan processing staff and loan officers in order to procure appropriate information necessary to finalize incomplete loan packages
- Closely review documentation to identify possible fraud or misrepresentation
- Assure compliance with the Company policies and procedures
PMB Level 4 Underwriter
WELLS FARGO
Lombard, Illinois
06.2015 - 07.2017
- Responsible for reviewing, analyzing, approving and underwriting difficult Non-Conforming and Agency/Jumbo loans, complex consumer request and products within company and industry guidelines
- Performed advanced analysis and extensive experience with layering risk and evaluation
- Reviewing financial statements, credit reports, wager earner and complex self-employed transactions, P&L and Balance Sheets
- Examined transactions to ensure accuracy and completeness, recommend specific loans for exception and or denial
- Performed fraud review and ensure documents are consistent and upheld to company and industry guidelines
- Performed compliance reviews, assisting with loan restructuring based on lending guidelines, serving as a consultant on difficult problems and questions, handling escalated calls, providing work direction, feedback and training to new staff/less tenured underwriters
- Completed on-going credit training and building credit acumen
Underwriting Manager
JP MORGAN CHASE
Downers Grove, Illinois
02.2012 - 06.2015
- Effectively managed a group of recent college graduates into a Mortgage Banking Campus program developing essential career characteristics, leadership skills, public speaking, customer service, credit and finance
- Candidates of this program commit to a 2.5 year experience within Mortgage Banking developing the necessary skills from inexperienced to experienced in all aspects of income, assets, credit and collateral including policy and investor guidelines
- Specialize in GSE Agency and Non-Agency Retail Chase Private Client loans
- Ensure quality and compliance within the highest standards of the firm, assisting in hiring and onboarding as well as onboarding and performance management
- Manage production, quality and queue management to ensure performance at expected turn times and service level agreements
- Coordinate and volunteer for additional company based Philanthropy efforts endorsed by the Bank
AVP Underwriting Manager
JP MORGAN CHASE
Downers Grove, Illinois
08.2011 - 02.2012
- Effectively managed a group of 10 Senior Retail Underwriters with primary underwriting designations in GSE Agency, Non-Agency, FHA and VA loans
- Managed staff in gathering, analyzing and interpreting all types of credit information for existing and prospective retail banking customers in order to maximize credit and minimize risk and potential loss
- Managed the performance of loan portfolios consistent with policy guidelines for credit quality and investor standards
- Provided staffing recommendations including hiring, promotions, performance appraisals and management
- Worked closely with Sales partners to ensure client needs and service level agreements were met and exceeded
- Responsible for ensuring exceptions and escalation turn-times were met as well as providing 2nd level reviews for loans that exceeded loan authority or recommendations for decline
Senior Underwriter
JP MORGAN CHASE
Downers Grove, Illinois
06.2009 - 08.2011
- Completed thorough analysis of mortgage loan applications to determine compliance with GSE Agency, Non-Agency, VA and FHA investor guidelines to ensure salability of loans
- Completed independent and timely review of loan decisions as well as review of loan conditions while maintain company service level agreements and turn-time standards
- Maintained error free loan quality status from in house loan quality reviews and superior production standards as compared to peers
- Effective communication of loan decisions and outstanding customer service delivered to sales partners both internal staff and external customers
- Provided coaching to underwriting peers and mentorship to processing staff on underwriting deficiencies and packaging errors
Senior Wholesale Underwriter
BANK OF AMERICA
Lisle, Illinois
02.2009 - 07.2009
- Analyzed and evaluated all aspects of application credit, employment, income and asset profile ensuring compliance with all Company, Investor and Regulator standards
- Evaluated credit package and collateral to ensure investor quality
- Provided quality underwriting, interpretation of loan documentation and made educated judgements using high credit and policy acumen, date received and credit policy
- Timely communication of loan decisions to Brokers and Account Executives
- Provided a high level of customer service to internal and external partners and compliance with service level agreements
- Provided coaching and played an integral role in identifying potential challenges within the underwriting process and recommendations for improvements
Senior Underwriter
HSBC
Elmhurst, Illinois
03.2003 - 04.2009
- Performed credit and property analysis on conventional loans
- Maintained working knowledge of all applicable internal and external underwriting guidelines
- Reviewed challenging loan packages and provided sound credit decisions
- Maintained adequate explanation of loan decisions in written and verbal form
- Provided exemplary customer service to sales partners by explaining rationale of credit decisions and offering alternative options
- Maintained excellent production and loan quality performance
- Identified potential problems within the underwriting process and made recommendations for improvements
- Assisted and received enhanced training in self-employed loans, subordinations, partial releases and collection rewrites
Education
Completed coursework towards Criminal Justice -
Olive Harvey
04.1997
High School Diploma -
Chicago Agricultural
06.1995
Skills
- Direct Endorsement - HUD
- Negotiation skills
- Communication skills
- Oral communication
- Written communication
- Interpersonal skills
- Understanding of credit
- Reviewing financial documents
- Familiarity with Secondary Market requirements
- Teamwork
- Ability to work in a fast-paced environment
- Sound lending judgment
- Attention to detail
- Meeting production standards
- Meeting quality standards
- Meeting service standards
- Coaching
- Providing feedback
- Training and mentoring
- Analyzing data
- Risk evaluations
- Relationship building
Timeline
Sr Underwriter, Quality Control
Freddie Mac
10.2018 - Current
Sr Jumbo Loan Underwriter
GUARANTEED RATE
08.2017 - Current
PMB Level 4 Underwriter
WELLS FARGO
06.2015 - 07.2017
Underwriting Manager
JP MORGAN CHASE
02.2012 - 06.2015
AVP Underwriting Manager
JP MORGAN CHASE
08.2011 - 02.2012
Senior Underwriter
JP MORGAN CHASE
06.2009 - 08.2011
Senior Wholesale Underwriter
BANK OF AMERICA
02.2009 - 07.2009
Senior Underwriter
HSBC
03.2003 - 04.2009
High School Diploma -
Chicago Agricultural
Completed coursework towards Criminal Justice -
Olive Harvey