Jodi Book
Wolcott,CT
Summary
Results-driven Senior Underwriter with extensive experience in auto loan and mortgage loan underwriting. Skilled in risk assessment, credit analysis, and regulatory compliance, ensuring sound lending decisions while minimizing financial risk. Expertise in evaluating loan applications, debt-to-income (DTI) and loan-to-value (LTV) ratios, financial statements, and credit reports to determine borrower eligibility. Adept at working cross-functionally with loan officers, risk management, and compliance teams to streamline underwriting processes. Proven ability to enhance efficiency, mitigate risk, and drive portfolio growth while adhering to FHA, VA, Fannie Mae, Freddie Mac, and auto lending regulations. History of effectively training and coaching new underwriting staff on department procedures, company policies, and success-oriented strategies. Focused on improving team cohesion and helping everyone achieve benchmarks.
Overview
10
10
years of professional experience
Work History
Senior Underwriter
Auto Approve
Chicago, IL
06.2022 - Current
- Evaluate auto refinance loan applications, assessing creditworthiness, income verification, and risk factors.
- Analyze financial statements, credit reports, and loan histories to determine loan eligibility and terms.
- Ensure compliance with state and federal lending regulations, and company policies.
- Develop and implement underwriting guidelines to improve efficiency and reduce risk.
- Maintained up-to-date knowledge of industry trends, best practices, government regulations, market conditions.
- Negotiated terms and conditions of loan products with brokers and agents.
- Collaborate with loan processors, credit analysts, and sales teams to enhance the customer experience.
- Make sound lending decisions based on risk modeling, fraud detection, and industry trends.
- Monitor portfolio performance, identifying potential delinquencies, defaults, and loss mitigation strategies.
- Train and mentor junior underwriters, providing guidance on best practices and underwriting policies.
- Identified training needs among employees; organized training sessions accordingly in order to increase effectiveness.
- Worked closely with various departments within the organization to coordinate activities related to vendor management.
Mortgage Insurance Underwriter
Radian
Philadelphia, PA
05.2020 - 03.2022
- Evaluate mortgage loan applications to assess borrower risk, creditworthiness, and eligibility for mortgage insurance.
- Analyze financial statements, credit reports, income verification, and property appraisals to make sound underwriting decisions.
- Ensure compliance with FHA, VA, Fannie Mae, Freddie Mac, and private mortgage insurance (PMI) guidelines.
- Calculate loan-to-value (LTV) ratios, debt-to-income (DTI) ratios, and other risk factors to assess mortgage insurance coverage.
- Review and validate documentation, identifying potential fraud, discrepancies, or red flags in applications.
- Communicate underwriting decisions and conditions to lenders, mortgage brokers, and loan officers.
- Work closely with risk management and compliance teams to implement best practices for underwriting and loss mitigation.
- Monitor loan performance and provide insights on portfolio risk, claims management, and loss prevention strategies.
Compliance Underwriter
Clayton Financial/ Radian
Shelton , CT
06.2018 - 05.2020
- Assess loan applications and underwriting decisions to ensure compliance with company policies, federal regulations (FHA, VA, Fannie Mae, Freddie Mac), and state laws.
- Conduct a detailed risk analysis to identify discrepancies, fraud risks, and potential violations of compliance standards.
- Review and interpret regulatory guidelines to ensure underwriting processes align with CFPB, HMDA, Fair Lending, and AML/BSA requirements.
- Collaborate with legal, audit, and risk management teams to implement compliance best practices, and mitigate potential risks.
- Maintain detailed documentation of underwriting decisions and compliance reviews to support internal audits and regulatory examinations.
- Prepared written summaries outlining findings from reviews conducted on loan files.
- Monitor loan portfolios for compliance violations, trends, and patterns that may indicate risk exposure.
- Assist in developing and refining underwriting policies, procedures, and risk assessment models.
Junior Underwriter
Plaza Home Mortgage
Boston, MA
10.2014 - 01.2018
- Assist in reviewing and analyzing loan applications, credit reports, financial statements, and supporting documents to assess borrower risk.
- Evaluate income, assets, debt-to-income (DTI) ratios, and loan-to-value (LTV) ratios to determine loan eligibility.
- Ensure compliance with company underwriting policies, investor guidelines, and federal regulations (FHA, VA, Fannie Mae, Freddie Mac, etc.).
- Identify discrepancies, red flags, or potential fraud risks in loan applications and escalate concerns as needed.
- Coordinated with legal and financial experts to resolve underwriting issues.
- Support senior underwriters in making loan approval, denial, or conditional approval decisions based on risk analysis.
- Collaborate with loan processors, credit analysts, and underwriters to ensure a smooth workflow and timely loan approvals.
- Maintain accurate records of underwriting decisions, compliance documentation, and borrower communications.
- Stay up to date with industry regulations, underwriting best practices, and market trends to enhance underwriting knowledge.
Education
Master of Science - Industrial And Organizational Psychology
Southern New Hampshire University
Hooksett, NH05-2025
Bachelor of Arts - Psychology
Southern New Hampshire University
Hooksett, NH05-2022
Associate of Science - General Studies
Naugatuck Valley Community College
Waterbury, CT05-2015
Skills
- Data analysis
- Compliance monitoring
- Employee training
- Team collaboration
- Effective communication
- Critical thinking
- Policy development
- Risk assessments
- Loan evaluation
- Regulatory compliance
- Loan approval & denial
- Documentation review
References
References available upon request.
Timeline
Senior Underwriter
Auto Approve
06.2022 - Current
Mortgage Insurance Underwriter
Radian
05.2020 - 03.2022
Compliance Underwriter
Clayton Financial/ Radian
06.2018 - 05.2020
Junior Underwriter
Plaza Home Mortgage
10.2014 - 01.2018
Master of Science - Industrial And Organizational Psychology
Southern New Hampshire University
Bachelor of Arts - Psychology
Southern New Hampshire University
Associate of Science - General Studies
Naugatuck Valley Community College
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