Ken Vaillancourt
La Mesa,CA
Summary
Industrious Senior Underwriter skilled at meeting benchmarks for risk control and business profitability. Successful background working alongside agents to assist with marketing and sales objectives. Desiring to bring 20 years of related experience to a dynamic new role with room for advancement.
Overview
30
30
years of professional experience
1
1
Certification
Work History
Loan Specialist
Independence Realty Trust
San Diego, CA
05.2023 - Current
- Researched customer credit histories using computer databases and credit reporting agencies' websites.
- Advised customers on different types of available loans.
- Povided guidance to customers on how to improve their credit scores if necessary for loan approval purposes.
- Participated in regular training sessions on new products, services, policies, procedures.
- Delivered high levels of customer service to facilitate smooth processes.
- Analyzed applicants' financial status, credit and property evaluations to determine feasibility of granting loans.
- Met with applicants to obtain information for loan applications and answer questions about process.
- Submitted loan applications to underwriter for verification and recommendations.
- Improved loan applications and documentation by informing applicant of additional requirements.
Senior Underwriter III (Wholesale and Retail)
US Bank (Previously Union Bank, US Bank acquired Union Bank 12/1/2022)
02.2021 - 04.2023
- Ability to perform duties and resolve issues without supervision and engage with management to resolve complicated issues.
- Knowledge of and interpretation of regulatory compliance requirements during all phases of the loan process.
- Ability to think critically, including the ability to evaluate facts and data to draw conclusions, and determine the downstream impact of decisions and associated risks.
- Reviewed, evaluated and approved and declined high-risk mortgage loan applications for compliance within company policies and procedures.
- Conducted detailed analysis of borrower creditworthiness by evaluating financial statements, tax returns and other related documents.
- Collaborated with internal departments to resolve issues related to customer complaints or discrepancies in loan documentation.
- Developed and implemented strategies for mitigating risks associated with higher risk loans.
- Interpreted complex regulations and laws governing mortgage lending activities in various states.
- Provided guidance and assistance to junior underwriters regarding loan underwriting processes and procedures.
- Documented all decisions made during the underwriting process in accordance with regulatory requirements.
- Reviewed appraisals for accuracy before approving a loan package for submission.
- Provided technical advice on difficult cases requiring special attention or expertise.
- Participated in meetings with external auditors regarding the progress of audits being performed.
- Assisted marketing and sales departments by providing expertise in underwriting and related areas.
- Maintained underwriting quality score of 95% or greater.
- Used data analytics and pricing tools to price policies and identify actionable insights for customers.
Quality Control Specialist/ SME Mortgage Specialist (Contractor)
Independence Realty - San Diego, CA
08.2007 - 02.2021
- Analyze all aspects of a loan submissions to the institutions (credit/income/title/appraisals)
- Experience in the process of gathering information and analyzing data to identify trends or relationships to inform conclusions
- Responsible for making recommendations to management based on audits performed on single family, and multi-family conventional loan reviews
- Specializing in the most complex files.
- Consistently deliver timely decisions to our external and internal customers
- Aid in the resolution of any applicable pre-funding or post purchase loan deficiencies by assisting the post-closing department in curing any outstanding conditions or concerns
- Go to" subject matter expert regarding analyzing the self-employed borrower with multiple layers.
- Created and maintained quality control documentation, such as inspection records and non-conformance reports.
- Performed detailed inspections of incoming materials, ensuring they met the required standards.
- Collaborated with production teams to ensure that established quality standards were followed.
Senior Mortgage Underwriter
JP Morgan Chase
08.1994 - 08.2007
- Responsible for review of conditions/stipulations and appraisal before closing
- Secondary reviewer of complex single-family, condominium, multi-family, and manufactured home appraisals per investor guidelines
- Analyzed financial data, such as income statements, balance sheets, and tax returns to determine applicants' eligibility for mortgage loans.
- Prepared detailed reports on underwriting findings and recommendations.
- Ensured compliance with all federal, state, and local regulations related to mortgage lending practices.
- Explained complex loan terms and conditions to customers in a clear manner.
- Performed quality control review of completed loans prior to funding approval.
- Assisted other departments with questions regarding underwriting guidelines or procedures.
- Researched any discrepancies between application information supplied by applicants versus third-party sources.
- Evaluated mortgage loan risk based on sound underwriting decisions.
Education
Bachelor of Science - Economics
Illinois State University
Skills
- Usage of Automation tools
- Training skills (1 on 1 and group)
- Critical Thinking
- Oral and written communication
- Humility
- Verbal And Written Communication
- Productivity Improvement
- Regulatory Compliance
- Managing Risk
- Risk Mitigation
Accomplishments
- Nominated to Presidents Club 6 times for production, risk analysis, and training.
- Awarded top Underwriter 2 times with lowest error rate with highest level of production.
Certification
- 2011 California Real Estate License
Timeline
Loan Specialist
Independence Realty Trust
05.2023 - Current
Senior Underwriter III (Wholesale and Retail)
US Bank (Previously Union Bank, US Bank acquired Union Bank 12/1/2022)
02.2021 - 04.2023
Quality Control Specialist/ SME Mortgage Specialist (Contractor)
Independence Realty - San Diego, CA
08.2007 - 02.2021
Senior Mortgage Underwriter
JP Morgan Chase
08.1994 - 08.2007
Bachelor of Science - Economics
Illinois State University
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