LAURA M. KING
ROBERTSDALE,AL
Summary
Banking and finance professional with 30 + years of proven performance in loan origination, mortgage production, and underwriting. Working knowledge of banking operations and processes with experience leading, guiding, and mentoring others. Extensive underwriting experience in mortgage lending and financial services. Proficient in determining level of risk for lenders using strong mathematical and statistical skills. Conscientious and committed to adhering to standards, lending guidelines and authority levels.
Overview
18
18
years of professional experience
Work History
Appraisal Underwriter II (Contractor)
Navy Federal Credit Union
10.2023 - Current
- Routinely monitor first mortgage and equity loan guidelines and procedures to ensure compliance with government sponsored enterprise (GSE) such as Fannie Mae and Freddie Mac, Navy Federal Credit Union (NFCU), and National Credit Union Administration (NCUA)
- Underwrite Conventional and Equity loan appraisal reports applying the established guidelines of the credit union, secondary market investors, and regulatory agencies to determine the acceptability and marketability of the property, and ensure the collateral is sufficient to secure the requested loan
- Manage pipeline of appraisals and pending due dates; monitor and act upon appraisal updates and new assignments to ensure member service expectations are met
- Communicate to production staff, appraisers, and appraisal vendors any changes, revisions, or corrections that occur after initial delivery of the appraisal ensuring timely follow up
- Respond to inquiries from production staff and other business units concerning appraisals in review and advanced underwriting issues; addresses and documents issues in systems
- Review and decision appraisal reports; determines and adds conditions to loan file in systems; issues counter offers and denials
- Review and consider effects of contracts related to property, such as age restrictions, HOAs, private water/septic/roads, etc
- Examine title reports to ensure subject property matches legal description and record owner
- Conduct thorough examination of all components of the appraisal report, including supplemental appraisal forms, ensuring that deficiencies, repairs, or special requirements have been notated.
MORTGAGE UNDERWRITER II
INLANTA MORTGAGE INC
09.2021 - 07.2022
- Government underwriter II for a mid-size mortgage company where all loan products were sold to investors
- Underwrote condominium projects for refinance and purchase transactions
- Uploading information to Fannie Mae CPM
- Underwrote VA, FHA, USDA and Conventional (Freddie/Fannie) loans and conditioned for processing
- Conventional appraisal review experience, SAR/LAPP #025058
- Analyzed applicants' financial status, credit, and property evaluations to determine feasibility of granting loans
- Completed self-employed borrower income calculations, reviewed all loan conditions and documentation for clear to close
- Performed collateral review of conventional and VA appraisals as SAR and completed condo reviews and authorized CPM for final approval of condominium
- Finalized clear to close reviews on 50 plus loans per month not including resubmissions and adverse actions.
LEAD MORTGAGE UNDERWRITER
TYNDALL FEDERAL CREDIT UNION
08.2020 - 08.2021
- Managed team of six underwriters as Lead Underwriter with up to 1 million in signing authority
- Underwrote Fannie/Freddie, VA, IRRRL FHA, USDA, construction perm and Equity loans
- Personally handled and resolved issues on all mortgage products that were at risk of default, investor buy back or guarantee by Fannie, Freddie, VA and FHA
- Underwrote condominium projects for refinance and purchase transactions
- Uploading information to Fannie Mae CPM
- Conducted interviews and trained all incoming and current underwriters, evaluated them, and implemented training for the department, conducted audits and assisted with post-closing issues submitted by investors
- Identified risk exposures to control and mitigate financial loss from first mortgage and equity collateral transactions by performing internal/external inquiries and investigative reviews
- Maintained underwriting guidelines for the department, updated production on guideline changes and closed loan issues
- Researched complex mortgage loans and performed secondary reviews for adverse action and/or counteroffers
- Developed training and process improvements for the department and assisted production in meeting their monthly goals.
MORTGAGE UNDERWRITER II
NAVY FEDERAL CREDIT UNION
04.2014 - 08.2020
- Maintained high-volume pipeline monthly working with imaged mortgage applications
- Underwrote conventional, VA, IRRL, Equity, and portfolio products offered by the credit union completing 8 to 10 reviews per day
- Underwrote various loan products working on special project teams to assist in overflow of applications
- Expert knowledge of loan production, I assisted processing with loan issues, obtaining conditions and expediting loans for clear to close
- Experience underwriting using Empower LOS, I also completed doc reviews, adverse actions, manual underwrites and SEB borrower income calculations
- Previously worked as field loan officer originating mortgage applications including FHA loans
- Trained and mentored junior loan officers and support staff on Unifi and Empower, application review, pre-qual loan conditions and loan scrub.
TITLE CLAIMS MANAGER/UNDERWRITER
FIRST AMERICAN TITLE INSURANCE COMPANY
07.2006 - 10.2013
- Reviewed and examined title insurance claims
- Searched and public records to determine a property’s status of title
- Reviewed documents affecting title
- Read and interpreted real estate documents, legal proceedings, maps, surveys, and loan origination files
- Communicate extensively with property owners, external settlement attorneys, surveyors, title companies, survivors of deceased, and attorneys regarding required documentation, terms of claim and resolution
- Attended and settled in mediation numerous cases prior to litigation on behalf of the company
- Reinsured title issues, when necessary, denied title claims and litigated title issues.
Education
Bachelor Of Arts Degree - Communications/English
Georgia State University
Atlanta, GASkills
- Credit Analysis
- Property Valuation
- Real Estate Knowledge
- Appraisal Review
- Mortgage Lending
- Underwriting Guidelines
- Relationship Building
- Risk Assessment
- Business Development
Timeline
Appraisal Underwriter II (Contractor)
Navy Federal Credit Union
10.2023 - Current
MORTGAGE UNDERWRITER II
INLANTA MORTGAGE INC
09.2021 - 07.2022
LEAD MORTGAGE UNDERWRITER
TYNDALL FEDERAL CREDIT UNION
08.2020 - 08.2021
MORTGAGE UNDERWRITER II
NAVY FEDERAL CREDIT UNION
04.2014 - 08.2020
TITLE CLAIMS MANAGER/UNDERWRITER
FIRST AMERICAN TITLE INSURANCE COMPANY
07.2006 - 10.2013
Bachelor Of Arts Degree - Communications/English
Georgia State University
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