John T. Riedas
Mokena,IL
Summary
Senior Mortgage Underwriter specializing in Non-QM investment property loans and complex credit assessments. Expertise in ensuring compliance with investor guidelines while effectively mitigating fraud risk. Strong analytical skills and attention to detail enable the management of high-volume loan pipelines, ensuring timely and accurate approvals.
Overview
18
18
years of professional experience
Work History
Commercial Underwriter
Constructive Capital
Oak Brook, USA
05.2022 - Current
- Underwrite complex Non-QM investment property loans, including DSCR, Residential Transitional Loans (RTL/Fix & Flip), and commercial real estate financing.
- Analyze borrower credit, income, assets, collateral, and entity documentation to determine loan eligibility and overall credit risk.
- Made sound underwriting decisions while ensuring compliance with company policies, investor guidelines, and regulatory requirements.
- Review appraisals, title reports, purchase agreements, operating agreements, and supporting documentation to ensure compliance and mitigate fraud risk.
- Managed loan pipeline in Encompass, meeting turnaround expectations and efficiently resolving underwriting conditions.
- Collaborated with brokers, closers, processors, and internal stakeholders to ensure timely loan approvals and funding.
- Maintain strict compliance with investor overlays and quality control standards.
Mortgage Underwriter
DHI Mortgage (DR Horton)
Austin, USA
08.2020 - 03.2022
- Underwrote residential mortgage loans by evaluating borrower creditworthiness, income, assets, collateral, and financial documentation.
- Performed fraud detection and compliance reviews to ensure adherence to agency and investor guidelines.
- Collaborated with processors and operations teams to resolve underwriting conditions, ensuring timely loan approvals.
- Managed loan documentation and workflow using Encompass and E-Folder, streamlining processes for improved accuracy.
Mortgage Underwriter
Wells Fargo
Lombard, USA
06.2019 - 08.2020
- Underwrote conventional residential mortgage loans in accordance with investor and regulatory requirements.
- Reviewed borrower qualifications and supporting documentation, ensuring compliance with regulatory standards and completeness of loan files.
- Collaborated with internal operations teams to resolve conditions, facilitating timely loan closings and enhancing overall customer satisfaction.
- Leveraged Core and Electronic Loan File (ELF) systems to streamline the underwriting process and improve file management efficiency.
Mortgage Consultant / Underwriter
Guaranteed Rate
Chicago, USA
06.2018 - 06.2019
- Reviewed borrower credit, income, assets, and loan documentation to support accurate purchase and refinance transactions.
- Verified loan files for adherence to underwriting and compliance standards prior to closing.
- Collaborated with Loan Officers to provide timely underwriting decisions and enhance customer experience.
Global Wealth Management Underwriter
JPMorgan Chase Private Bank
Westmont, USA
06.2010 - 03.2018
- Delivered mortgage underwriting decisions for high-net-worth and ultra-high-net-worth clients, ensuring tailored risk assessment.
- Conducted comprehensive financial analysis of tax returns, cash flow, liquidity, and asset documentation to support informed underwriting decisions.
- Collaborated with relationship managers and internal partners to streamline compliant credit decision processes.
QA/QC Administrator
KBR
Baghdad, Iraq
05.2008 - 12.2009
- Monitored quality control processes to ensure compliance with industry standards.
- Conducted audits of projects to identify potential quality issues and improvements.
- Collaborated with team members to develop and implement quality assurance protocols.
- Managed quality assurance processes, logistics reporting, and compliance documentation to ensure operational standards were met.
Education
Skills
- Non-QM mortgage underwriting
- DSCR investor loan underwriting
- Commercial and residential mortgage underwriting
- Residential transitional loans
- Manual underwriting and credit analysis
- Complex income and collateral review
- Loan compliance and regulations
- Investor guidelines and overlays
- Risk assessment and fraud prevention
- Quality control and decision-making
- Pipeline management
- Encompass LOS expertise
- Mortgage documentation review
- Electronic loan file management
- Mortgage loan origination systems knowledge
- Credit analysis tools
- Microsoft Office proficiency
- Cross-functional collaboration
Volunteer Leadership
Imagine Diving, Chicago Ridge, IL, Board of Directors, 01/01/12, Present, Provide strategic leadership for a nonprofit organization serving individuals with disabilities., Lead community outreach initiatives and train volunteers using PADI and Handicap Scuba Association standards.
Timeline
Commercial Underwriter
Constructive Capital
05.2022 - Current
Mortgage Underwriter
DHI Mortgage (DR Horton)
08.2020 - 03.2022
Mortgage Underwriter
Wells Fargo
06.2019 - 08.2020
Mortgage Consultant / Underwriter
Guaranteed Rate
06.2018 - 06.2019
Global Wealth Management Underwriter
JPMorgan Chase Private Bank
06.2010 - 03.2018
QA/QC Administrator
KBR
05.2008 - 12.2009