Summary
Overview
Work History
Education
Skills
Timeline
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Jacob Aalderks

Spring Park,MN

Summary

Detailed Senior Mortgage Underwriter offering extensive background reviewing real estate loan applications for accurate and necessary information. In-depth knowledge of income calculations, tax returns, and credit reports. Analytical and flexible professional comfortable working in high stress environment while delivering excellent customer service.

Overview

11
11
years of professional experience

Work History

Senior Mortgage Underwriter

Wells Fargo Home Mortgage
Minneapolis, MN
08.2016 - 10.2023
  • Verified that all submitted documents were accurate, complete, and in accordance with relevant laws and regulations.
  • Ensured compliance with all federal, state, and local regulations related to mortgage lending practices.
  • Explained complex loan terms and conditions to customers in a clear manner.
  • Analyzed financial data, such as income statements, balance sheets, and tax returns to determine applicants' eligibility for mortgage loans.
  • Reviewed appraisals to ensure accuracy and compliance with company standards.
  • Evaluated loan applications and creditworthiness of potential borrowers.
  • Generated letters of denial or commitment based on approved and declined decisions.
  • Assisted other departments with questions regarding underwriting guidelines or procedures.
  • Researched any discrepancies between application information supplied by applicants versus third-party sources.
  • Maintained knowledge of current economic trends affecting the real estate market.
  • Utilized financial statements to calculate debt-to-income ratios to determine eligibility for loan.
  • Evaluated mortgage loan risk based on sound underwriting decisions.

Home Loan Processor

Wells Fargo Home Mortgage
Minneapolis, MN
05.2012 - 08.2016
  • Collaborated with underwriters to resolve discrepancies on loan documents prior to closing date.
  • Identified potential problems or fraudulent activities during review of applications.
  • Maintained up-to-date knowledge of lending laws, regulations, policies, and procedures.
  • Prepared and processed loan documents in accordance with state and federal laws.
  • Reviewed income, assets, liabilities and credit histories to determine eligibility for loans.
  • Provided excellent customer service throughout the entire home loan process.
  • Drafted loan closing packages including all necessary paperwork required by lenders.
  • Followed up on any outstanding items or documents required for processing loans.
  • Managed a high volume of incoming calls from customers related to their home loan application status.
  • Assisted customers with questions regarding the home loan process and application requirements.
  • Adhered to all company policies regarding confidentiality of client information.
  • Communicated with customers in person and via telephone to answer questions, process transactions and resolve issues.
  • Managed conditions sent from underwriting departments.
  • Upheld compliance with privacy and security requirements, as well as federal statutes covering VA loans.

Education

Bachelor of Science - Finance

North Dakota State University
Fargo, ND
05-2011

Bachelor of Science - English

North Dakota State University
Fargo, ND
05-2011

Skills

  • Mortgage industry knowledge
  • Loan-to-Value Ratio Calculation
  • Debt-to-Income Ratio Analysis
  • Customer Service
  • Strong decision-making
  • Financial analysis proficiency
  • Credit Report Interpretation
  • Income Calculation Accuracy
  • Policy Adherence
  • Credit analysis
  • Regulatory Compliance
  • Problem-Solving
  • Task Prioritization

Timeline

Senior Mortgage Underwriter

Wells Fargo Home Mortgage
08.2016 - 10.2023

Home Loan Processor

Wells Fargo Home Mortgage
05.2012 - 08.2016

Bachelor of Science - Finance

North Dakota State University

Bachelor of Science - English

North Dakota State University

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Jacob Aalderks