Ken Vaillancourt
Risk Analyst
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 Group
San Diego, CA
05.2023 - Current
- Processed real estate transactions from start to finish, smoothly communicated between clients, sales staff and title companies and drove on-time, smooth and stress-free closings.
- Assessed loan applications to determine borrower eligibility and compliance with bank policy.
- Scheduled inspections and appraisals as needed during the transaction process.
- Assisted in resolving title issues, such as liens, encroachments, easements.
- Coordinated with lenders and their processing teams to ensure timely closings.
- Reviewed and verified all closing documents for accuracy prior to submission.
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.
- Reviewed appraisals for accuracy before approving a loan package for submission.
- Maintained underwriting quality score of 95% or greater.
Senior Mortgage Underwriter/Quality Assurance Analyst
Contract Underwriter
San Diego
08.2007 - 02.2021
- Analyzed financial data, such as income statements, balance sheets, and tax returns to determine applicants' eligibility for mortgage loans.
- Reviewed appraisals to ensure accuracy and compliance with company standards.
- 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.
- 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.
- Ensured compliance with all federal, state, and local regulations related to mortgage lending practices.
- Explained complex loan terms and conditions to loan officers in a clear manner.
- Assisted other departments with questions regarding underwriting guidelines or procedures.
- Approval Authority up to $4 million.
Education
Bachelor of Science - Economics
Illinois State University
Skills
- Usage of multiple automation tools
- Training skills (1 on 1 and group)
- Critical Thinking
- Oral and written communication
- Humility
- Verbal And Written Communication
- Productivity Management
- Regulatory Compliance
- Risk Mitigation
Accomplishments
- Nominated to Presidents Club 6 times for production and risk analysis.
- Awarded top Underwriter 2 times with lowest error rate with highest level of production.
- Granted signing authority with various lenders up to $4 million.
Certification
- 2011 California Real Estate License
Timeline
Loan Specialist
Independence Realty Group
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
Senior Mortgage Underwriter/Quality Assurance Analyst
Contract Underwriter
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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