Heather Sitton
Mortgage Underwriter
Charlotte,NC
Summary
Highly qualified mortgage underwriter with 20 years experience gained from Front-end, MI, Forensic, and QC/QA (pre and post-close) underwriting. Experienced underwriting Manual, Sub-prime, Alt A, Jumbo, FNMA, FHLMC, FHA, Second, HELOCs and Non-QM loans. Capacity to accurately calculate complex income from self employment and investment properties by using 1040, 1065, 1120, 1120S, and 1120C tax returns with forms included such as 8825 and K1, Profit and Loss, Balance Sheet, Cash Flow Analysis. and bank statements. Expert in using alternative documentation such as bank statements and P&L statements for self employment income and asset depletion.
Advanced analytical skills in areas of income, credit, assets, collateral, trust, title, and risk.
In-depth knowledge of underwriting standards, practices, and guidelines. Ability to work independently and multi-task in a fast-paced high-pressure environment while meeting deadlines and making sound credit decisions.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Forensic Underwriter - Contract
The Oakleaf Group
, Remote
06.2023 - Current
- Complete in-dept manual re-underwrite of closed booked loans between 2004 to 2008 to ensure the loan met qualification for several different mortgage lenders by using historic investor guidelines on subprime loans comparable to Non-QM loans with no-doc, 12 month bank statements for self-employed borrowers, late mortgage payments, foreclosed and bankruptcy leniency, asset depletion, and low credit scores.
- Perform underwriting analysis manually by reviewing the 1008, application, credit, income and asset docs.
- Verify accurate loan information and reporting true deficiencies discovered by using Amazon workspace.
Sr. Mortgage Underwriter
Digital Risk
, Remote
12.2021 - 01.2023
- Completed Manuel and AUS underwriting of First, Second and HELOC mortgage loans including first mortgage Non-QM loans.
- Preformed analysis needed to render a quality credit decision by reviewing: Loan Applications, Income, Assets, Credit Reports, Appraisals, Title Commitments, and other relevant documentation.
- Collaborated with loan officers, processors, and other team members it gather necessary documentation needed to render a quality loan decision.
QC/QA Underwriter
FBC Mortgage LLC
, Remote
02.2021 - 09.2021
- Preformed quality control deep dive underwrites for post close loans used to qualify FNMA, FHLMC, FHA, Jumbo, and Non-QM mortgage loans.
- Performed analysis of underwriters credit decision by reviewing closed loans that included: Final 1008, AUS, Loan Applications, Income, Assets, Credit Reports, Appraisals, Title Commitments, and other relevant documentation stored in Encompass.
- Completed post-fund checklist analyses of all phases of the loan process including: intake, processing, underwriting, closing, and post-close to identify errors and citing appropriate defects that do not align with product guidelines.
- Verified FHA, VA, and USDA required documentation for proper completeness.
- Executed reverification and calculation of income and assets to determine if there were red flags, evidence of potential misrepresentation or any deficiencies in the loan file.
- Prepared reports detailing defects, tracking results and verified accurate information imputed to encompass.
MI Underwriter
Radian Mortgage Insurance
, Remote
02.2016 - 10.2020
- Conducted comprehensive analysis and evaluated risk by determining if income, assets, credit, appraisals, title commitments, and all other relevant documentation met FNMA, FHLMC, JUMBO, and manuel guidelines.
- Verified MI rates were populated correctly based off of the accurate loan parameters.
- Communicated approvals, denials, or conditions to lenders.
- Provided guidance to loan processors and sales on proper documentation to ensure condition could be cleared.
- Exceeded company SLA's (Service Level Agreements) expectations and goals.
- Assisted and mentored newly hired and junior underwriters.
FHA DE Underwriter
Quicken Loans
Charlotte, North Carolina
02.2015 - 10.2015
- Conducted deep dive examination of all documentation needed to qualify for a FHA residential mortgage loan.
- Checked CAIVRS for each borrowers eligibility. Ensured FHA case number issued within required time frame and completed conditional commitment (HUD -92800.5b).
- Rendered quality decisions using sound judgement, extensive knowledge of investor guidelines, and years of experience.
- Assist Processors and Loan Officers in understanding underwriting decisions and conditions.
Sr. Mortgage Underwriter
Ctitmortgage
, Remote
03.2013 - 10.2014
- Performed deep dive examination of all documentation needed to qualify FNMA, FHLMC, JUMBO and Non-conforming residential mortgage loan.
- Rendered quality decisions using sound judgement, extensive knowledge of investor guidelines, outside of box thinking, and years of experience.
- Assist Processors and Loan Officers in understanding underwriting decisions and conditions.
Forensic Mortgage Underwriter - Contract
Opus
, Remote
11.2012 - 01.2013
- Completed manual re-underwrite of closed booked loans between 2002 to 2012 to ensure that the loan met conforming and non-conforming guidelines with focus on subprime investor guidelines.
- Performed underwriting analysis without the assistance of an AUS.
- Checked historic investment guidelines for loan qualification.
- Accurately reporting true deficiencies discovered.
Sr. Underwriter
Accenture (CitiMortgage Platform)
Charlotte, NC
08.2009 - 11.2012
- Performed deep dive underwrites to ensure FNMA and FHLMC (including HARP) meets agency guidelines and manual underwrites on non-conforming and jumbo loans.
- Assist Processors and Loan Officers in understanding underwriting decisions and conditions.
- Trained and assist new underwriters.
Skills
- Expert calculating and documenting W2 Wage Earner, Overtime, Bonus, Commission, Passive income, Rental, Asset Depletion, Child Support, Alimony, and other income,
- Extensive experience reviewing SFR URAR 1004/70, 1004 Hybrid/70H, 1004 Desktop/70D, Exterior only 2055, Condo 1073/465, 1073 Hybrid/465H, 1073 Desktop/465D, Exterior only 1075/466, 2-4 Units 1025/72, Single Family Rent Schedule 1007/1000, Operating Income Statement 216/998, Manufactured Home 1004C/70B, and Co-op 2090
- Proficient reviewing asset statements for funds to close and reserves
- Capacity to determine qualifying ratio and rates for fixed, adjustable Rate, Balloon, and interest only loans
- Expert reviewing Automated Underwriting Systems for underwriting FNMA - DU, FHLMC - LP, and FHA - GUS
- Understanding of all state and federal regulations including but not limited to: TRID, RESPA, HMDA, ECOA, AML, BSA and Fair Lending Act
- Clear, concise, and effective written and oral communication skills
- Ability to work independently with minimal supervision 10 years experience working remote
- Working experience using internal and external investigation tools such as Real Estate Solutions, Lexis Nexis, Zillow, Realtor, public records for property and business searches and more
- Ability to identify and/or clear Red Flags
- Ability to adapt and utilize multiple software programs
Certification
- FHA Delegated (DE / CHUMS)
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Forensic Underwriter - Contract
The Oakleaf Group
06.2023 - Current
Sr. Mortgage Underwriter
Digital Risk
12.2021 - 01.2023
QC/QA Underwriter
FBC Mortgage LLC
02.2021 - 09.2021
MI Underwriter
Radian Mortgage Insurance
02.2016 - 10.2020
FHA DE Underwriter
Quicken Loans
02.2015 - 10.2015
Sr. Mortgage Underwriter
Ctitmortgage
03.2013 - 10.2014
Forensic Mortgage Underwriter - Contract
Opus
11.2012 - 01.2013
Sr. Underwriter
Accenture (CitiMortgage Platform)
08.2009 - 11.2012
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