Mortgage and affordable housing LIHTC underwriting for over 15 years with a strong background in mortgage lending. Mortgage underwriter with strength in risk assessment, income/credit analysis, and documentation review. Comprehensive knowledge of underwriting guidelines for conventional and government guaranteed loan programs for both conforming and non-conforming mortgages with HUD and Tax Credit programs Obtained VA LAPP/SAR certification in 2014. Analytical professional with strong background in financial modeling and risk management. Skilled in providing financial consultations and solutions for businesses of all sizes. Astute candidate develops new strategies and processes to optimize financial operations.
Overview
19
19
years of professional experience
Work History
LIHTC Underwriter/ Property Manager
John Stewart Corporation
08.2021 - Current
Underwrite tax credit investments as assigned by the Originator including completion of the following underwriting tasks: sponsorship analysis, market analysis, sources and uses and capital structure analysis, income and expense underwriting, and tax credit documentation analysis
Provide regular communication to originator regarding deal underwriting progress including process checklist review, due diligence review, transaction timing, and issue identification timely preparation and regular updates to the Transaction Summary format as required by the originator and the process checklist
Responsible for maintaining desired financial benchmarks, and monitors and analyzing monthly financials for each property in portfolio
Review reconciliations, discrepancies, and financial statements
Multi-site property management experience and knowledge of HUD, TCAC, DFEH, LIHTC and ADA Guidelines
Conducts site visits 2x monthly to each site, responsible for maintaining physical assets
Supervises Assistants, Resident Managers, Floating Managers and all other site staff
Collects rents, makes bank deposits, prepares, and submits an accurate rent roll in a timely manner
Uses site computer software to accurately enter all relevant transactions as described in the REM
Verifies incomes and complies with HUD, Tax Credit or other regulations regarding income certifications and other documentation/correspondence
Completes annual and interim re-certifications in a timely manner
Conducts annual unit inspections at the time of resident re-certification
Maintains a waiting list, markets units, and screens applicants for vacancies according to appropriate guidelines
Prepares and processes leases, security deposit agreements, inspections, and other forms for incoming residents
Conducts inspections for outgoing residents and prepares final closing statements
Processes evictions with assistance from Supervisor
Review financial statements, balance statements, ledger, and journal entries for account schedules
Microsoft Office, Outlook, Excel, PowerPoint, and Word.
Sr. Commercial Credit Underwriter
Lendsure Mortgage
06.2018 - 08.2022
Commercial Credit Underwriter
Evaluate and determine the acceptability of new and existing Commercial lines of business
Asset Based Lending (ABL), commercial credit, leveraged finance, and relationship management
Maintains project records & reports
Review literature relating to the research project
Frontline underwriting of private lending loan products, residential fix, and flip, foreign national, bank statement, and DSCR
Review and analyze credit, appraisal, title reports, and complex income documentation
Confirm files to meet all agency guideline requirements to produce an acceptable audit review
Responsible for accurate and timely audit of all residential loan files for discretionary, target, and random audits
The audit is conducted prior to closing, ensuring the loan meets FNMA, FHLMC, Investor, and Industry guideline requirements
Examination and interpretation of property titles, easements, land rights for fee title, review of title
Audit consists of re-underwrite of mortgage loan files for consistency and compliance to ensure loans are within agency, investor, and internal guidelines
Ensure data integrity, fraud prevention and/or misrepresentation issues are properly addressed, cleared, and/or escalated
Perform written communication to responsible parties to include finding analysis, conclusion, and recommended actions
Demonstrate knowledge of and adhere to monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to Quality Control Underwriting
Review financial statements, balance statements, ledger, and journal entries for account schedules.
Underwriter Staff Appraiser Reviewer
VA, SAR
11.2015 - 05.2018
Staff Appraiser Reviewer
(SAR) SAR ID #022140
Evaluate the qualifications of applicants for real estate mortgage credit through a review of 1003 applications, loan documentation, income documentation, and credit report information
Asset based Sr
Commercial Credit Underwriter
Evaluate and determine the acceptability of new and existing Commercial lines of business
Process and review new hires, LOA’s, terminations, payroll file maintenance changes and deductions
Review property appraisals to determine the quality of value and consistency with guidelines and building construction for VA loan guaranty purposes
Examination and interpretation of property titles, easements, land rights for fee title, review of title
Responsible for reviewing, analyzing, approving and underwriting large, unusual and complex individual consumer requests and products within company industry guidelines
Analysis of applicant’s credit and financial capabilities
Strong Customer service skills
Preparation of instructions and documentation necessary for the purchase, transfer of title, and insuring properties, (SAR) SAR ID #022140
Perform income, credit, and property analysis on conventional loan files submitted for review within established time frames
Reviewing financial statements, credit reports, and applicable ratios (i.e
Debt ratios, Loan-to-Value)
Perform administrative appraisal reviews in conjunction with underwriting loans
Evaluating loan submission in its entirety
Examining transactions to ensure accuracy and completeness
Preparing formal reports for review
Strong Customer services skills
Ensuring that documents are consistent and uphold to company and industry guidelines
Reviewed QC defaulted FNMA, FHMC, FHA, VA, REMIC loans for accuracy
Process semi-monthly payroll for exempt employees and bi-weekly payroll for non-exempt employees in multi-state environment
Process and review new hires, LOA’s, terminations, payroll file maintenance changes and deductions
Process pay data batches in ADP (commissions, bonus, pro-rate new hire pays, spot bonus, time batches for hourly and salaried employees, special pays and severance)
Reviewed aged documents for missing documentation/possible fraud
Defend lender clients against mortgage insurance rescissions and investor repurchase demands
Conduct analysis of mortgage origination issues raised MI companies or investors preparing written rebuttals to these issues
Reanalyze mortgage origination files for credit worthiness, appraisal valuation and calculate income
HR resource services including headcount reporting, employee relations, performance management, employee relations, organizational performance, and compensation
Determine job placement options in consultation with the coworker, supervisor, and HR
Responsible for performing various administrative duties as needed
Update extensive record/file to ensure investor requirements are met concerning the condition of the property, and measures are taken to deter foreclosure
Facilitate contract negotiations in the sale of property in accordance with company and investor guidelines
Determines job classifications a coworker may be capable of performing
Adhere to the national standard of providing effective counseling solutions
Review title reports, escrow instructions, loan documents, surveys, environmental property conditions reports, insurance and other exhibits ensuring no losses because of improper closing procedures
Education
B.A - Legal Studies/Business Administration and Management
ASU Global Campus
2012
NeighborWorks America Certifications: HECM Default and Foreclosure and
Certified Housing Counselor -