JAYME KENDRICK
North Las Vegas,NV
Summary
Top-notch Underwriter with solid experience in financial services. Proficient in determining level of risk for lenders using strong mathematical and statistical skills. Conscientious and committed to adhering to standards, underwriting guidelines and authority levels.
Overview
25
25
years of professional experience
Work History
Mortgage Loss Mitigation Manager
Village Capital & Investments
11.2022 - Current
- Manage a team of loss mitigation specialists, providing guidance, training, and performance evaluations to ensure a high level of productivity and efficiency
- Develop and execute effective loss mitigation strategies to minimize financial losses and maximize recovery opportunities for borrowers and the company
- Oversee the entire loss mitigation process, including loan modifications, short sales, deed-in-lieu transactions, forbearance agreements, and other loss mitigation options
- Train and educate employees on loss mitigation policies and procedures
- Monitor and analyze delinquent loan portfolios to identify trends, risks, and areas for improvement
- Collaborate with internal departments, including legal, compliance, and loan servicing, to ensure proper adherence to regulations, policies, and procedures
- Conduct regular audits and quality control reviews to ensure compliance and identify any potential areas for improvement
- Stay up to date with industry regulations, market trends, and best practices in loss mitigation
- Prepare comprehensive reports and presentations for management, highlighting key performance indicators
- Primary contact and attendee for all loans in foreclosure mediation
- Providing interpretation and guidance regarding housing procedures, laws, and regulations related to multifamily housing development (5 or more apartment units, not condominiums), including multifamily loan origination, multifamily underwriting, or a related multifamily or commercial area
- Analyzes financial statements of obligor's and endeavors to determine their prospects for continued payment on consumer and commercial loans in connection with modification of payments or other loan terms; investigates and determines financial responsibility of obligor's who may be liable for the payment of indebtedness for use in recommending collection procedures, or legal actions to enforce payment
- Provides necessary information, as needed, to legal staff in preparing various releases and other documents to be executed on behalf of company
- Updates Black Knight LM Tool with weekly PMMS changes, as well as implementing changes to, or the adding and or removal of Loan Modifications, as they are released by the VA, FHA and USDA
- Performs other duties as assigned.
Mortgage Underwriter- Remote
CMG Financial
03.2021 - 06.2022
- Issue final approval uploading all necessary approval documentation
- Utilize DU, LP, or internal underwriting engine, making a sound decision by following appropriate underwriting guidelines
- Conduct Appraisal and Title document review
- Review, negotiate and adjust a portfolio of complex delinquent loans
- Utilizing a range of concepts, principles, and practices to refinance, acquisition or construction loans for multifamily properties (5 or more units) such as: rental apartment or multifamily cooperative buildings with features such as commercial space, condominium space, age-restrictions or sites with environmental concerns
- Interpreting and communicating laws, regulations, policies and procedures of mortgage insurance programs
- Providing technical advice and policy guidance on multifamily development financing and underwriting related issues
- Completing the underwriting functions of an application which would include multi-layered financing activities or multi-use facilities for a multifamily housing project
- Analyzing and defining financial risks, best investment, and credit structures for participation in multifamily transactions involving low income housing tax credits, section 8, HOME, SHIP, CDBG or other federal subsidies
- Analyzing and resolving multifamily housing project issues relating to underwriting or loan origination
- Prepares written credit recommendations and obtains supervisory approval on a variety of collection as well as real estate transactions
- Reviews a variety of consumer and commercial loan documents, most of which include consideration and evaluation of complicating factors; inventories collateral; obtains appraisals and liquidating value of inventoried property.
- Evaluated loan applications, determining creditworthiness, assessing risk and establishing loan conditions.
- Analyzed and verified applicant income, assets and credit history to support compliance with underwriting guidelines.
- Providing interpretation and guidance regarding housing procedures, laws, and regulations related to multifamily housing development (5 or more apartment units, not condominiums), including multifamily loan origination, multifamily underwriting, or a related multifamily area.
- Completing the underwriting functions of an application which would include multi-layered financing activities or multi-use facilities for a multifamily housing project.
- Analyzing and resolving multifamily housing project issues relating to underwriting or loan origination.
- Analyzing and defining financial risks, best investment, and credit structures for participation in multifamily transactions involving low income housing tax credits, section 8, HOME, SHIP, CDBG or other federal subsidies.
- Verified integrity of applicants' information to minimize fraud.
- Reviewed appraisals and title documents to verify accuracy and completeness.
- 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.
- Collaborated with loan officers and processors to obtain additional information and resolve discrepancies.
- Negotiated and communicated with loan officers, processors and loan applicants to reach satisfactory loan terms.
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Monitored pipelines to track and log status of loans.
Senior Loan Processor
TILA Mortgage INC.
08.2020 - 03.2021
- Successfully processed challenging loan applications, including first-time borrowers and those with problematic credit histories
- Verified appraisal accuracy and collaborated effectively with underwriters for final approvals
- Provided invaluable support to loan officers and underwriting teams, ensuring accurate and timely mortgage processing
- Prepared loan applications for underwriting by meticulously verifying borrower information and compliance with guidelines
- Collaborated with title companies to ensure seamless closing processes
- Interpreting and communicating policies or procedures of real estate financing programs
- Utilizing a range of concepts, principles, and practices to refinance, originate, or underwrite multifamily properties.
- Reviewed loan files for completeness, identified missing documentation, and generated condition lists for applicants.
- Worked with customers in person and via telephone to answer questions, process transactions, and resolve issues.
- Prepared documents for underwriting by verifying client income, credit reports, and other information.
- Handled any conditions sent from underwriting departments.
- Provided quick turnaround times to maintain fast-past schedule.
- Evaluated approvals against established bank and government lending standards.
- Assisted loan officers with origination and closing processes to fastrack procedures and promote teamwork.
- Analyzed credit reports to determine eligibility of applicants and capacity for loan products.
- Facilitated communication with loan applicants, underwriters and loan officers to optimize process and maintain updated information.
- Utilized loan origination software to process and track loan applications.
- Developed and maintained relationships with customers and loan officers to establish smooth loan process.
- Advised loan officers to comply with loan guidelines and apply best practices.
- Stayed up to date on loan regulation changes, processing loan applications in compliance with current laws.
- Affirmed loan document accuracy to protect lenders from potential fraud.
- Calculated debt-to-income ratios to determine maximum loan amounts and avoid overextending applicants.
- Communicated acceptance or rejection to applicants via mail, email, telephone or personal consultations.
Loan Coordinator
Guaranteed Rate Affinity
02.2019 - 07.2020
- Skillfully reviewed and verified borrower information, meticulously preparing loan applications for underwriters
- Played a pivotal role in supporting loan officers and underwriting teams, ensuring accurate and timely mortgage processing
- Ensured compliance with company policies and lending requirements
- Verified appraisal accuracy before submission to underwriters for final approval.
- Developed strong relationships with customers through high levels of customer service.
- Maintained strict confidentiality of bank records and client information.
Loan Processor
Various Agencies
09.1998 - 10.2006
- Reviewed loan files for completeness, identified missing documentation, and generated condition lists for applicants.
- Prepared documents for underwriting by verifying client income, credit reports, and other information.
- Worked with customers in person and via telephone to answer questions, process transactions, and resolve issues.
- Set up and completed loan submission packages.
- Developed and maintained relationships with customers and loan officers to establish smooth loan process.
- Utilized loan origination software to process and track loan applications.
- Handled any conditions sent from underwriting departments.
- Assisted loan officers with origination and closing processes to fastrack procedures and promote teamwork.
- Processed loans within various departments to achieve timely, accurate, and fair proceedings.
- Provided quick turnaround times to maintain fast-past schedule.
- Collaborated with loan officers to develop strategies for managing loan application processing.
- Facilitated communication with loan applicants, underwriters and loan officers to optimize process and maintain updated information.
- Analyzed credit reports to determine eligibility of applicants and capacity for loan products.
- Coordinated closing process with attorneys, title companies, and government clerks.
- Advised loan officers to comply with loan guidelines and apply best practices.
- Processed loan applications and monitored progress from start to finish.
- Monitored pipelines to track and log status of loans.
Education
High School Diploma -
Los Gatos High School
Los Gatos, CA05.1998
Skills
- Team Leadership/Team Building Leadership
- Risk assessment
- Proficient with Conventional, VA, FHA, and USDA products
- Compliance Assessments
- Cash flow analysis
- Regulatory Compliance
- Mortgage Loss Mitigation
- Effective communication skills
- Loan Modification Expertise
- Policy and Procedure Modification
- Training and Development
- Strong analytical and decision making
- Mortgage underwriting
- Escalation Resolution
- VA LAPP/SAR
- Policy Development
- Automated Underwriting System (AUS)
- Financial History Analysis
- Credit File Updating
- Property Evaluation
- Creditworthiness Determination
- Income Evaluation
- Credit History Review
- Analytical and Critical Thinking
- Financial History Review
- Fraud Detection and Prevention
- Eligibility Determination
- Document Analysis
- Staff Management
- Process Improvement
- Payment Schedule Computation
- Risk Mitigation
- Loss Protection
- Caseload Management
- Analyzing Data
- Loss Prevention
- Quality Assurance
- Risk Management
- Quality Control
- Risk Assessment
Timeline
Mortgage Loss Mitigation Manager
Village Capital & Investments
11.2022 - Current
Mortgage Underwriter- Remote
CMG Financial
03.2021 - 06.2022
Senior Loan Processor
TILA Mortgage INC.
08.2020 - 03.2021
Loan Coordinator
Guaranteed Rate Affinity
02.2019 - 07.2020
Loan Processor
Various Agencies
09.1998 - 10.2006
High School Diploma -
Los Gatos High School
Certification And Education
- Central Bank, Loan Processor (Remote), 04/01/17, 09/01/18
- Central Bank of Warrensburg, Loan Processing Manager, 12/01/16, 04/01/17
- Quarry City Savings & Loan, Senior Loan Processor/VA LAPP/SAR, 09/01/15, 12/01/16
- Warrensburg Area Career Center (LPN), Practical Nursing
Personal Information
Title: MORTGAGE LOSS MITIGATION MANAGER
Certification And Education
- Central Bank, Loan Processor (Remote), 04/01/17, 09/01/18
- Central Bank of Warrensburg, Loan Processing Manager, 12/01/16, 04/01/17
- Quarry City Savings & Loan, Senior Loan Processor/VA LAPP/SAR, 09/01/15, 12/01/16
- Loan Processor/Loan Officer Asst., Dec 1997 - Oct 2006
- Warrensburg Area Career Center (LPN), Practical Nursing
Personal Information
Title: MORTGAGE LOSS MITIGATION MANAGER
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