Jerome Hurd
Chino Hills,CA
Summary
Seasoned Non-QM Mortgage Underwriter adept in managing risk and employing negotiation proficiency to secure profitable outcomes. Excelled in analytical problem-solving and collaborative efforts, achieving exceptional loan approval rates. Expertise in regulatory compliance and underwriting large, complex loans showcases a commitment to excellence and goal-oriented achievements.
Overview
16
16
years of professional experience
Work History
Non-QM and Jumbo Securitization Credit Underwriter
Covius
Remote
02.2024 - Current
- Analyzed financial statements and credit reports to assess the creditworthiness of borrowers. Which included multiple programs such as DSCR, P&L, bank statement, WVOE, 1099, and asset utilization.
- Communicated loan decision results to applicants in a professional manner.
- Determined appropriate risk rating based on analysis of borrower's financial profile.
- Provided recommendations for approval or denial of loans in accordance with established guidelines and policies.
- Evaluated potential collateral to determine its acceptability and value.
Mortgage Underwriter Consultant
Limited Loans LLC
Loganville, GA
01.2023 - 02.2024
- Conducts comprehensive analysis and evaluated risk to control underwriting loss.
- Uses authority to decide whether to accept, reject or suggest modifications to application proposals.
- Collaborates with multiple agents, brokers and partners to obtain underwriting information.
- Utilizes understanding of underwriting guidelines to keep work in line with government regulations and company requirements.
- Inspects financial statements, credit information and title data to complete underwriting process.
- Negotiates coverage, policy pricing and service delivery during meetings with customers, agents or brokers.
Senior Non-QM Underwriter
SitusAMC
Remote, CA
01.2022 - 01.2023
- Frontline Risk Assessment Underwriting of Jumbo, Non-QM and DSCR loans from wholesale and retail business channels.
- Provide communications to internal partners including processors, underwriters, loan officers, funders, shippers, and production managers regarding file structuring, counteroffers, and/or documents needed to move files forward in the most expeditious manner possible.
- Mentors junior underwriting staff on underwriting deficiencies and calculation errors, as applicable.
- Reviews file documentation, including appraisal, to make an informed loan decision based on the Bank’s standard underwriting guidelines. If there is insufficient information to make a decision, requests the required information or documentation.
Jumbo Underwriter Manager
Better Mortgage
Costa Mesa, CA
09.2018 - 12.2021
- Perform thorough analysis of applicant's income, asset documentation, credit reports, title and property valuations in order to affirm borrower qualifies for loan.
- Reviewed escalations and QC findings to meet investor guidelines and overlays.
- Provided risk assessment opinions at second level review.
- Reviewed Jumbo exceptions for LTV, DTI, reserves, Etc.
Jumbo Underwriter
JMAC Lending
Santa Ana, CA
08.2017 - 08.2018
- Jumbo underwriting of 2 loans per day with 3 million lending authority from brokers for several investors that included delegated and non delegated approval.
- Communicate approvals with Account Executives, Brokers, Processors, account managers.
- Reviewed loans recommended for denial to determine if can be placed with additional investors.
Jumbo Underwriting Team Lead
American Interbanc Mortgage LLC
Irvine, CA
11.2016 - 08.2017
- Reviewed Non-QM loans to ensure meet investor standards by analyzing all compensating factors.
- Works with post-closing department and underwriter on any stipulations for closed files.
- Compiled reports, identified trends, and provide recommendations to senior management regarding opportunities to increase efficiencies and productivity, and implement changes is necessary.
- Partner with the Sales and processing team in an ongoing effort to build strong relationships.
Jumbo Exception Underwriter
Wells Fargo
04.2009 - 11.2016
- Responsible for reviewing, analyzing, approving and underwriting large, unusual or complex individual portfolio loan requests that require exceptions for LTV, DTI, Credit Score, Assets, Etc.
- Exception authority for Non-QM loans with DTI > 43%, short reserves, LTV, Etc. to determine compensating factors for Non-QM approval.
Education
Bachelor of Science - Business Administration
Tennessee State University
01.1996
Skills
- Problem-solver
- Commitment to excellence
- Analytical
- Goal-Oriented
- Collaborative
- Negotiation Proficiency
- Managing Risk
Timeline
Non-QM and Jumbo Securitization Credit Underwriter
Covius
02.2024 - Current
Mortgage Underwriter Consultant
Limited Loans LLC
01.2023 - 02.2024
Senior Non-QM Underwriter
SitusAMC
01.2022 - 01.2023
Jumbo Underwriter Manager
Better Mortgage
09.2018 - 12.2021
Jumbo Underwriter
JMAC Lending
08.2017 - 08.2018
Jumbo Underwriting Team Lead
American Interbanc Mortgage LLC
11.2016 - 08.2017
Jumbo Exception Underwriter
Wells Fargo
04.2009 - 11.2016
Bachelor of Science - Business Administration
Tennessee State University
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