Holly Bailey
Tampa,FL
Summary
Diligent and seasoned underwriter with 10+ years of experience in assessing and evaluating risks associated with credit, collateral, mortgages, and government funding. Adept at leveraging comprehensive industry knowledge and analytical prowess to make informed and well-balanced decisions. Exceptional attention to detail and ability to synthesize complex information to provide accurate and data-driven recommendations. Seeking to contribute expertise and leadership to a dynamic underwriting team in a progressive organization.
Overview
11
11
years of professional experience
Work History
Pipeline Manager
Innovation Refunds
01.2023 - 03.2023
- Gathered and organized documentation to complete client’s application requirements for IRS Employee Retention Tax Credit
- Worked with cross-functional teams to support all phases of client post intake process which included managing multiple DropBox folders while working directly with a team of CPA’s and Tax Attorneys to facilitate the client Engagement Contract to completion
- Educated customers about products and supported them through operational processes that ensured they could claim credit offerings
- High-volume client account management and processing role
- Worked with cross-functional teams (operation, sales, product, engineering, marketing, etc.) on mission-critical products with tight timelines
- Communicated over the phone, e-mail and with video chat software, such as Zoom and HubSpot.
VA Underwriter
Penny Mac Loan Services LLC, Conventional
04.2021 - 10.2021
- VA Underwriting Certification
- SAR ID/ Conventional expert experience
- Worked with clients to prepare mortgage applications and related documentation as needed; also implemented workout options in accordance with departmental, investor, insurer, and client guidelines
- In depth review of all types of income in a VA/Conventional environment
- Income ranging from rental income, W2, 1099, 1120, 1120 (S) 1065, Schedule E, & Schedule F
- Approved or denied loans on a timely basis, based on thorough review of credit, income, and assets, appraisal, title and other related mortgage documents
- Analyzed accounts and data to identify suspected fraud activity, loss mitigation, foreclosure, and/or bankruptcy
- Conducted comprehensive due diligence and verified accuracy of information provided by applicants and system validation utilizing encompass.
Conventional Underwriter
Plaza Home Mortgage
08.2020 - 04.2021
- Acts as a liaison by communicating loan decisions and conditions to Processors, Brokers, and Correspondent clients in a wholesale environment
- Received numerous pride awards from clients, in house employees and management due to great work performance, communication, and reputable quality of work
- Maintained accurate data validation of file and update system of record, expert experience with USDA, and conventional loans
- Reviewed files for any loss mitigation actions confirming root cause analysis
- Ran and reviewed quality control tools, such as Early Check and Fraudguard
- Adding any other conditions that may pertain to the loan to prevent future fraud and other related issues
- Reviewed loans to confirm if any deferments, partial claims and loan modifications existed mirroring investor, client, insurer guidelines
- In depth review of all types of income in a Conventional ( Broker) environment
- Income ranging from rental income, W2, 1099, 1120, 1120 (S) 1065, Schedule E, & Schedule F.
Due Diligence Underwriter
SITUSAMC
02.2019 - 06.2020
- Conducted a detailed analysis/review of newly originated and seasoned loan products
- The review may include, but is not limited to, legacy compliance, credit & TRID compliance, servicing, modifications, title, collateral, etc., in a paperless environment
- Reviewed loan files for completeness and accuracy including but not limited to, calculation and verification of income & assets, evaluation of credit reports, purchase contracts, appraisals, title commitments, VOE, tax returns, divorce decrees, and other loan pertinent compliance documentation
- Evaluated debt & loan-to-value ratios, credit score, property valuation and various other factors
- Loan experience with Conventional, FHA,VA and USDA loans
- Determined and documented loan conditions, communication requirements, and/or decisions based on retail and/or wholesale environments
- Identified portfolio risks resulting from the client's underlying business practices, underwriting, and/or fraud exposure
- Exhibited working knowledge of deferments, partial claims and loan modifications
- Made informed decisions based on the status of the loan.
Mortgage Front Line Collateral Underwriter
USAA
04.2016 - 11.2018
- Maintained to be the top Collateral Underwriter on the team; determined if the collateral is accepted/denied based on FNMA/FHLMC guidelines
- Underwrites the quality of the report: overall condition, quality, overall design etc
- In order to evaluate a fair market value to serve as collateral for a conventional mortgage loan
- Utilizes lending authority and mature understanding of all aspects of Mortgage and/or Home Equity underwriting and portfolio guidelines to underwrite moderately complex loan files
- Ensuring all 3s issues are properly conditioned and adhered in accordance with FNMA guidelines
- Handled complex member escalations utilizing knowledge of specialized loan products based on retail and/or wholesale environments
- Maintains and applies maturing knowledge of Real Estate underwriting business and industry practices, and adheres to established Service Level Objectives (SLOs).
Due Diligence Underwriter
JCIII & Associates
01.2013 - 03.2016
- Proficient in reading and interpreting of automated underwriting results from both Desktop Underwriter and Loan Prospector (GUS when applicable), in order to determine applicable loan conditions
- Exhibited working knowledge of deferments, partial claims and loan modifications
- Made informed decisions based on the status of the loan
- Knowledge of industry guidelines (VA, FNMA, FHLMC, USDA), calculation and verification of income & assets, evaluation of credit reports, purchase contracts, appraisals, title commitments, and other loan pertinent documentation
- Examined chain of title for residential properties, examine real estate title to determine status, abstract county records nationally
- Provided solutions for inaccurate, incomplete or missing information on title documentation
- Analyzed financial statements, credit reports, tax returns, and other relevant data to assess risk and make informed lending decisions; focusing on retail or wholesale transactions
- In depth review of all types of income in a Conventional ( Broker) environment
- Income ranging from rental income, W2, 1099, 1120, 1120 (S) 1065, Schedule E, & Schedule F.
Due Diligence Underwriter
Clayton Services
02.2013 - 06.2013
- In depth thorough review of compliance testing results including the identification of items needed to cure potential deficiencies
- Monitoring of loans in foreclosure to ensure they are complying with the state guidelines and timelines for completing the foreclosure
- Responsible for taking immediate corrective action for non-compliance with the state guidelines or timelines
- Ensured review of all the documents required to secure compliance with the foreclosure courts
- Determined if the foreclosure proceeding was processed in accordance with applicable state and federal laws, to include SCRA and US Bankruptcy Codes, and document any exceptions
- Analyze accounts and data to identify suspected fraud activity, identified fraudulent patterns utilizing strategies to optimize risk and reward.
Mortgage Claims Analyst
Bank of America
03.2012 - 01.2013
- Conducted a complete review of the file to ensure all default timeframes were processed accurately, according to state and federal laws
- Determine if the foreclosure proceeding was processed in accordance with applicable state and federal laws, to include SCRA and US Bankruptcy Codes, and document any exceptions
- Analyze accounts and data to identify suspected fraud activity, identified fraudulent patterns utilizing strategies to optimize risk and reward
- Validated fees and penalties charged and assessed were reasonable, customary and within the applicable state and federal laws, and document any exceptions and or errors
- Analyzed if there is evidence of a direct relationship between loss mitigation procedural errors and harm to the borrower(s)
- Conduct comprehensive due diligence and verify accuracy of information provided by applicants.
Education
Master of Science - Marketing Research
Liberty University
01.2026
Bachelor of Science - Marketing
University of South Florida
06.2009
Skills
- Quality Control
- Time Management
- Analytical Thinking
- Analyzing Data
- Risk Mitigation
- Attention to Detail
- Fraud Detection
- Problem Solving
- Regulatory Compliance
- Documentation Review
- Financial Analysis
- Loan Evaluation
Timeline
Pipeline Manager
Innovation Refunds
01.2023 - 03.2023
VA Underwriter
Penny Mac Loan Services LLC, Conventional
04.2021 - 10.2021
Conventional Underwriter
Plaza Home Mortgage
08.2020 - 04.2021
Due Diligence Underwriter
SITUSAMC
02.2019 - 06.2020
Mortgage Front Line Collateral Underwriter
USAA
04.2016 - 11.2018
Due Diligence Underwriter
Clayton Services
02.2013 - 06.2013
Due Diligence Underwriter
JCIII & Associates
01.2013 - 03.2016
Mortgage Claims Analyst
Bank of America
03.2012 - 01.2013
Master of Science - Marketing Research
Liberty University
Bachelor of Science - Marketing
University of South Florida
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