Hi, I’m
Kathy Cole
Huntington Beach,Ca
Summary
A true professional with great depth of knowledge in a multitude of products and systems in Lending. Professional experience in Mortgage Underwriting, Management & Sales. Recent Sr Underwriter with over 18 years Conventional, Non QM, Commercial, Fix and Flip, Rehab, Bridge, Ground up construction lending , DSCR , Multiple units , Private Lending, Hard Money, Jumbo and USDA , and some FHA, VA Underwriting experience. Strong QC/Audit/Compliance work. Former high producing Sales/ Loan Officer (prior to Ops) . NMLS Licensed. Extremely analytical & organized. Excellent customer service, client retention skills. Proven ability to develop strong internal & external relationships. Ability to manage, train and motivate others.
Overview
29
years of professional experience
Work History
NEXTRES
Sr Underwriter
10.2023 - 01.2024
Job overview
- Decisioning of Non QM loans, Bridge loans, ground up construction and fix/flip rehab and DSCR deals .
- Business purpose lending
- Budget review, analysis and revision requesting from investors
- Applied knowledge of underwriting guidelines to maintain compliance with applicable regulations and company standards..
JCAP PRIVATE
Operations Manager/Sr Underwriter
03.2023 - 09.2023
Job overview
- Manage Operations staff, Manage Underwriting flow from inception to recording
- Loan Committee member to evaluate others more challenging files, Created better corporate file flow and maximize profitability
- Heavy focus on Bridge lending and construction loans
- Private/Hard Money lending with focus on ability of client to repay, project profitability with forecasting/feasibility recommendations
- File audit and compliance review, Project management of internal rehab division
- Work at various networking events speaking to prospective investors and clients in order to merge a working relationship and raise capital for our fund.
FINANCE OF AMERICA
Sr Underwriter
07.2018 - 09.2022
Job overview
- Commercial side 2018-2020, for decisioning residential Investor loans SFR and 1-20 multi units on a non-conventional loan product based on client experience and assets
- Commercial Loans and Lines of Credit up to $20,000,000 sfr and multifamily with heavy fix and flip review, property/cost analysis, budget review
- Largely asset-based lending
- Then 2020 to 7/22 Standard lending side, Underwrite high volume conventional loans, training of new staff, program structure and appraisal review, condo project review, appraisal analysis, self-employed personal and business tax return review
- Help create more fluid loan flow.
PREVIA HOLDINGS
Sr Underwriter/ Underwriting Manager
04.2018 - 02.2022
Job overview
- Underwrite Non-QM and some standard conventional files according to investor guideline
- Heavy Bank Statement analysis for the Non-QM product up to 36 months review
- Manual Underwriting of Non-QM loans
- Jumbo and conforming file analysis
- Loan structure review with Loan officers and other Management as needed
- Work with investors to clear files to funding.
NEW AMERICAN FUNDING
Sr Underwriter
12.2016 - 04.2018
Job overview
- Most recent & previous title was Jumbo Scenario Desk
- Underwrite Conventional, Jumbo and niche loan products
- Work with all our nationwide branches to facilitate their scenarios and answer guideline questions from our 9 in-house products
- Loan structuring and general file review to ensure file compliance
- Pre underwrite, Pre-approve and review of files before rate locks are done to ensure file pull through for our investors and approve rate lock requests with notification to lock desk after
- Heavy guideline knowledge required
- Daily interaction with multiple branches and multiple file reviews
- Very busy desk and fast paced atmosphere
- Time deadlines to adhere to and multiple active files in play most of the day and recall of previous answer knowledge required
- Heavy organizational skills used.
CALIBER HOME LOANS
Sr. Underwriter
03.2015 - 12.2016
Job overview
- Review of income with heavy tax return analysis for personal and business returns, complete appraisal review, title, credit items, insurance, verifications, assets
- Audit and Qc protocol on every file
- Work with multiple states, train processors and Lo’s to a more progressive and beneficial way of doing business by better organizing their submissions
- I focused on conventional, USDA, Texas Cash Out, Bond loans, Jumbo, SETH and Niche products
- Large national company, with heavy branch interaction across the country to facilitate high volume closing in a timely manner
- Paperless environment, FHA courses taken.
AFFINITY LENDING
Sr. Underwriter
08.2013 - 01.2015
Job overview
- Complete loan package review in a paperless dual screen environment
- Perform QC reviews and audit of all mortgage files as well as LQI (Loan Quality Initiative) review
- Worked as UW Help desk person at times assisting with file structure to all national branches
- Substantial work on Conventional, Jumbo and USDA
- Work with nationwide staff to ensure offices are in corporate compliance with underwriting and processing standards.
CORNERSTONE MORTGAGE
Supervisor
04.2010 - 01.2012
Job overview
- Post Closing Underwriter Review (OFC): Review all nationwide branches post closed files prior to investor shipping for compliance
- Train and supervise staff in post close underwriting audit, review of compliance and fraud detection
- Review of income, appraisals, title, credit items, insurance, verifications, assets, AUS DU and LP review for accuracy, credit reports and more related items in order to determine missing items
- Daily interaction with all levels of branch, corporate staff and third-party companies to facilitate receipt of outstanding items on loans so that we can ensure the file is investor compliant in every way
- Heavy review of loans with outstanding conditions and determining acceptability of these items
- Work with correction of original mortgage documents from all national branches
- Post close UW audit of files
- Training and supervision of staff and daily updates of guideline and procedural changes as they occur.
COLONIAL FINANCIAL GROUP
Branch Operations Manager & Sr. Underwriter
04.2004 - 12.2009
Job overview
- Daily dealing with clients, lenders and investors to ensure compliance and guideline requirements are met
- High volume A and Alt A loans
- Audit of all closed files for both internal and external compliance
- Training and supervision of processors and assistants and mentoring of Loan Officers
- Program placement of all loans and structuring of all loans within the company
- Weekly reports to Corporate Owners and daily maintenance of pipeline report
- Review of all documents and approvals from investors/lenders to ensure everything is correct
- Working with & training of loan officers regarding loan products and best loan structures for their clients and review of documentation before submission.
COUNTRYWIDE HOME LOANS
Sr. Underwriter II
09.2001 - 03.2004
Job overview
- Underwrite high volume, A and Alt A loans
- Conventional, Jumbo and Govt loans
- Analyze income to include 1040’s, 1120’s, perform appraisal evaluations
- Interact with brokers, AE’s, Executives as well as corporate office for compliance and funding issues Restructure loans to accommodate specific client needs
- Accommodate rushes and sign off conditions
- Developed new forms for branches to use internally
- Provide overflow underwriting to other underwriters when volume is high
- Training of new underwriting staff and audit of files before closing.
NEW CENTURY MORTGAGE
Sr. Underwriter
11.1996 - 08.2001
Job overview
- Real Estate Finance Responsible for underwriting A through C- Wholesale residential 1st and 2nd Mortgage loans in a fast paced, high volume subprime atmosphere
- Constant interaction with all levels of management and personnel to facilitate expedient funding
- Reviewed incoming conditions, performed appraisal reviews, high signing and second signing ability
- Performed prefunding and post funding audits
- Signed loan modifications and exceptions when needed
- Supplied daily underwriting reports to management.
COUNTRYWIDE HOME LOANS
Account Manager
06.1995 - 10.1996
Job overview
- Direct Liaison between branch offices and corporate offices
- High volume atmosphere
- Responsible for 5 B/C Wholesale branch operations
- Reviewed conditions to ensure guideline compliance
- Authorization of alternate conditions to accommodate specific situations
- Restructured loan files as needed
- Extensive communication with branch offices to facilitate high volume fundings
- Problem solving
- Interfaced daily with Sr
- Management and Branch Managers
- Led branches to a more progressive and beneficial way of doing business by better organizing their submissions
- PRIOR I WAS A WELL PRODUCING LOAN OFFICER FOR 16 YEARS, FUNDING $65 MILLION A YEAR IN ORIGINATIONS
Education
Cerritos College
Finance, Appraisal Review Certification, So.Cal College, several sales and customer service certifications. Numerous Underwriter courses, Ability to train and mentor other staff. NMLS LICENSED
Skills
- Fluent in AUS – DU , LP and GUS , Manual Underwriting , Word, Excel, Power Point, H20, Loan Soft, Mavent, Loan Handler, Encompass, Point, NorthShore, Mortgage Automator, Remote work I am fluent in Hungarian
- Staff Management
- High-Pressure Environments
- Project Management
- Process Improvement
- Microsoft Office Suite Expertise
- Team Leadership
- Customer Relationship Management
- Superb Time Management Skills
- Productivity Improvement
- Financial and Cash Flow Analyses
- Regulatory Compliance
- Operations Oversight
- Leadership
- Asset Statements
- Risk Mitigation
- Underwriting guidelines
- Credit analysis
- Processing
- Fraud detection
- Decision-making
- Risk assessment
- Business Development
- Quality Assurance
- Pricing Evaluations
- Risk Management
- Quality Control
- Analytical thinking
Languages
Hungarian
Native or Bilingual
Timeline
Sr Underwriter
NEXTRES
10.2023 - 01.2024
Operations Manager/Sr Underwriter
JCAP PRIVATE
03.2023 - 09.2023
Sr Underwriter
FINANCE OF AMERICA
07.2018 - 09.2022
Sr Underwriter/ Underwriting Manager
PREVIA HOLDINGS
04.2018 - 02.2022
Sr Underwriter
NEW AMERICAN FUNDING
12.2016 - 04.2018
Sr. Underwriter
CALIBER HOME LOANS
03.2015 - 12.2016
Sr. Underwriter
AFFINITY LENDING
08.2013 - 01.2015
Supervisor
CORNERSTONE MORTGAGE
04.2010 - 01.2012
Branch Operations Manager & Sr. Underwriter
COLONIAL FINANCIAL GROUP
04.2004 - 12.2009
Sr. Underwriter II
COUNTRYWIDE HOME LOANS
09.2001 - 03.2004
Sr. Underwriter
NEW CENTURY MORTGAGE
11.1996 - 08.2001
Account Manager
COUNTRYWIDE HOME LOANS
06.1995 - 10.1996
Cerritos College
Finance, Appraisal Review Certification, So.Cal College, several sales and customer service certifications. Numerous Underwriter courses, Ability to train and mentor other staff. NMLS LICENSED