Jacqueline Dominguez
Riverside,IL
Summary
Accomplished Correspondent Mortgage Underwriter IV with over 20 years of experience in the mortgage industry. Proficient in analyzing complex loan applications, ensuring compliance with Fannie Mae , Freddie Mac and Lender specific loan programs. Providing excellent customer service. Recognized as a consecutive leaderboard winner for performance excellence. Adept at working in high-pressure environments while maintaining accuracy and achieving production goals. Ready to leverage expertise in underwriting to deliver value and support key initiatives in the mortgage sector.
Overview
29
29
years of professional experience
Work History
Correspondent Mortgage Underwriter IV
Chase Mortgage
Chicago
03.2017 - Current
- Utilized Encompass operating system.
- Proficient in FNMA, FHLMC, Non Conforming and Non QM Underwriting Guidelines.
- Communicated approval decisions effectively to Correspondent Partners.
- Reviewed critical factors including credit, income, assets, and verification data.
- Assessed approval conditions to facilitate a Clear to Close status.
- Conducted mentorship reviews for newly hired underwriters upon management request.
- Delivered exceptional customer service while maintaining high standards of quality and production.
- Verified appropriate automated underwriting systems for loan programs and products requested.
- Scrutinized loan files to determine necessary supporting documentation required.
- Ensured accurate data entry into the loan origination system (LOS) and AUS based on thorough loan file analysis.
- Confirmed that all conditions entered in the AUS were accurately recorded in the LOS.
- Examined all aspects of the loan file using investigative tools to identify potential risks and fraud alerts.
- Informed appropriate parties of underwriting decisions in a timely manner.
- Excelled in high-stress environments while consistently meeting production goals and providing excellent client service.
- Achieved consecutive leaderboard recognition for outstanding performance.
- Managed communication between clients and loan officers to streamline mortgage application processes.
- Analyzed borrower complex financial information to assess eligibility for various mortgage products.
- Coordinated with underwriting teams to ensure timely processing of loan approvals.
- Developed comprehensive reports on market trends and client needs for strategic decision-making.
- Trained junior correspondents on best practices in client interaction and documentation requirements.
- Implemented process improvements that enhanced operational efficiency within the correspondence department.
Mortgage Underwriter
Stearns Lending LLC
Oak Brook
06.2014 - 03.2017
- Employed the Orijin Underwriting program alongside a paperless document system to effectively review and analyze residential mortgage applications, focusing on credit, income, assets, appraisals, titles, and verification data.
- Achieved the company objective of underwriting 4 new loans per day in accordance with FHLMC (LP) or FNMA (DU) AUS system guidelines, including non-conforming guidelines and additional investor requirements.
- Collaborated with key investors such as Wells Fargo, US Bank, Chase, and PHH to optimize loan outcomes.
- Communicated loan approval decisions to branch personnel with clearly outlined conditions for closing.
- Evaluated approval conditions to facilitate a Clear to Close status.
- Demonstrated exceptional customer service skills in managing high-pressure situations while consistently meeting production targets.
Mortgage Underwriter
Guaranteed Rate Mortgage Inc.
Chicago
10.2010 - 06.2014
- Utilized the Encompass Underwriting program and paperless document systems to review and analyze residential mortgage loan applications, ensuring thorough assessments of credit, income, assets, appraisals, titles, and verification data.
- Maintained the company benchmark of underwriting 4 new loans per day, adhering to FHLMC (LP) or FNMA (DU) AUS guidelines, non-conforming rules, and other investor guidelines.
- Communicated approval decisions to branch personnel, outlining conditions for loan closure.
- Assessed approval conditions to facilitate a Clear to Close status.
- Served as the designated underwriter for one of GRI’s top producers, proving adept at managing a high-stress work environment while delivering excellent customer service and meeting production goals.
Mortgage Underwriter (Contract)
PMI Mortgage Ins /Mergis Group United Guaranty Mortgage Insurance Co.
11.2008 - 10.2010
- Executed insurance and contract underwriting duties on a contractual basis, ensuring compliance with industry standards.
- Conducted underwriting for conventional, FNMA, FHLMC, and non-conforming loans, maintaining rigorous guidelines.
- Reviewed and analyzed loan documentation to ensure soundness, value, and conformity to client and investor requirements.
- Assessed loan documentation for completeness and implemented fraud prevention measures effectively.
- Underwrote loans in strict compliance with internal and regulatory standards.
- Evaluated loan attributes and documentation for soundness and precision, identifying risk and fraud issues.
- Examined data to determine loan viability and adhered to all risk management protocols regarding fraud detection.
Senior Mortgage Underwriter
United Financial Mortgage Corp.
10.1997 - 11.2008
- Conducted underwriting for conventional, FNMA, FHLMC, and non-conforming loans, assuring adherence to client and investor guidelines.
- Reviewed and analyzed loan documents for accuracy, completeness, and fraud prevention.
- Underwrote loans while complying with internal regulations and ensuring adherence to standard practices.
- Evaluated loan attributes meticulously to ascertain soundness and accuracy and identified potential risk issues.
- Reviewed, evaluated, and synthesized data to affirm loan viability and mitigate risk of fraud.
- Examined and validated standard loan applications to guarantee accuracy and adherence to guidelines.
- Updated underwriting manuals with the latest policy changes from various investors, ensuring team compliance.
- Provided support to mortgage brokers and account executives, offering insight and problem-solving assistance when required.
- Demonstrated extensive knowledge of multiple automated underwriting systems.
- Recommended investor variances and exceptions, providing recommendations for declinations, appeals, scenarios, and counteroffers based on thorough assessments.
- Worked with processing team members to communicate errors and obtain missing information for current applications.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
- Verified integrity of applicants' information to minimize fraud.
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Provided training sessions on regulatory changes, maintaining team's knowledge of industry standards and best practices.
- Implemented strategic initiatives to enhance underwriting efficiency and improve overall service delivery.
- Collaborated with loan officers to gather necessary documentation for accurate risk assessment.
Education
High School Diploma -
Miami Springs Senior
Miami, FLLanguages
Spanish
Native or Bilingual
Timeline
Correspondent Mortgage Underwriter IV
Chase Mortgage
03.2017 - Current
Mortgage Underwriter
Stearns Lending LLC
06.2014 - 03.2017
Mortgage Underwriter
Guaranteed Rate Mortgage Inc.
10.2010 - 06.2014
Mortgage Underwriter (Contract)
PMI Mortgage Ins /Mergis Group United Guaranty Mortgage Insurance Co.
11.2008 - 10.2010
Senior Mortgage Underwriter
United Financial Mortgage Corp.
10.1997 - 11.2008
High School Diploma -
Miami Springs Senior