Kristin Kirkaldy-Shoven
Crystal Lake,United States
Summary
Accomplished SR Mortgage Underwriter with a strong track record in underwriting Freddie Mac and Fannie Mae loans. Exceptional internal audit acceptance rate and expert analytical skills for all loan decisions. Known for enhancing loan quality and fostering interdepartmental relationships. Mentor who elevates team capabilities. 24.5 years of professional career at Wells Fargo.
Overview
24
24
years of professional experience
Work History
SR MORTGAGE UNDERWRITER NATIONAL DECISION SERVICES
Wells Fargo
02.2021 - 12.2023
- Extensive experience in Underwriting Freddie Mac and Fannie Mae loans
- Provided second-level review of files submitted by fulfillment/production underwriter, including exceptions on complex files, while ensuring that quality standards are met and loans are salable to investors.
- Leverage knowledge of loan products to help restructure turn-down loans for subsequent approvals.
- Worked closely with senior management for joint approval, as needed.
- Strong knowledge and experience in complex income calculations, including all types of self-employment income and rental income.
- Maintained excellent quality on loan files reviewed by the internal audit department.
- Ensured compliance with all federal, state, and local regulations related to mortgage lending practices.
SR MORTGAGE UNDERWRITER ( FULFILLMENT/ PRODUCTION)
Wells Fargo
Lombard, Illinois
11.2011 - 01.2021
- Obtained highest conventional authority, including authority to complete high-level manual underwriting.
- Enhanced loan quality by meticulously reviewing and analyzing complex financial documents, credit reports, and appraisals.
- Ensured compliance with federal regulations and company policies through diligent examination of mortgage documentation.
- Made careful determinations based on skilled analysis of submitted documentation covering credit histories, employment records, and current financial status.
- Developed strong relationships with Loan Processors, Home Mortgage Consultants, and all levels of management to facilitate smooth communication throughout the mortgage process.
- Served as a trainer and mentor to underwriters for upscale or new employees to the company.
- Experience with SFD, condos, townhomes, 2-4 units, and income-generating properties.
LOAN DOCUMENT SPECIALIST
Wells Fargo
Lombard, Illinois
03.2010 - 10.2011
- Provided exceptional customer service during the loan application process, addressing questions and concerns promptly and professionally.
- Trained and mentored junior staff members on best practices for document management, enhancing overall team performance levels, and quality.
- Obtained the authority to clear certain underwriting conditions, which were set by the underwriter.
- Maintained confidentiality of sensitive client information while effectively managing diverse loan files.
- Processed Conventional, FHA, VA, and USDA loan types.
- Wholesale and Consumer division.
- Consistently exceeded the quality requirements for loans reviewed by the internal audit department.
LEAD PROCESSOR
Wells Fargo
, Illinois
05.2003 - 03.2010
- Obtain/collected documentation from Loan Officers and customers to meet loan requirements, to submit for Underwriting decisions.
- Worked closely with the Underwriting Department to enable efficient decisions and closings.
- Optimized workflow efficiency by identifying areas for improvement and implementing necessary changes in processing procedures.
- Enhanced team productivity by providing training, guidance, and support to junior processors.
- Prepared all closing documents for Home Mortgage loans and ensured all documents and/or signatory requirements have been met.
CREDIT MANAGER
Wells Fargo
, Illinois
07.1999 - 04.2003
- Monitored accounts for signs of fraud and non-payment issues, including collecting delinquent accounts.
- Investigated and evaluated customers for creditworthiness and potential risk factors.
- Obtained and reviewed credit reports, credit references, credit insurance, and financial statements to establish credit limits for new accounts.
- Originated, processed, and closed home and auto loans.
- Subprime lending experience.
Education
Bachelor of Science - Business Management
Saint Xavier University
United States05.1999
Skills
- In-Depth Understanding of FNMA and FHLMC Guidelines
- Policy Adherence Awareness
- Tax Return Analysis, Residential Loans, Credit Analysis
- Automated Underwriting System (AUS) experience
- Problem-solving abilities
- Collateral Evaluation Competence
- Quality control measures
- Market Knowledge
Timeline
SR MORTGAGE UNDERWRITER NATIONAL DECISION SERVICES
Wells Fargo
02.2021 - 12.2023
SR MORTGAGE UNDERWRITER ( FULFILLMENT/ PRODUCTION)
Wells Fargo
11.2011 - 01.2021
LOAN DOCUMENT SPECIALIST
Wells Fargo
03.2010 - 10.2011
LEAD PROCESSOR
Wells Fargo
05.2003 - 03.2010
CREDIT MANAGER
Wells Fargo
07.1999 - 04.2003
Bachelor of Science - Business Management
Saint Xavier University
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