Lauren Addison
Jacksonville,Florida
Summary
Disciplined Mortgage Underwriter pays attention to details by analyzing risks and potential problems within mortgage applications. Team player collaborates well with other underwriters, originators and processors to produce quality results. Acts with fair and ethical behavior and complies with federal regulations and Fair Housing Act requirements. Organized and motivated employee eager to apply time management and organizational skills in various environments. Seeking entry-level opportunities to expand skills while facilitating company growth.
Overview
12
12
years of professional experience
Work History
NON-QM MORTGAGE UNDERWRITER
Baker Tilly(Contract 1099)
Remote, FL
02.2022 - Current
- UW Loan types included: NON-QM / NON-CONFORMING Loans, 2nd Piggy Loans, Conventional Loan, Manual Underwrite all Loans, Non-Agency Loan and More.
- Analyzed loan risk and reviewed loan conditions and requirements per Lender or Investor Requirements to ensure Loan qualified.
- Analysis and performed a detailed review of credit, analyst and review including calculation of income (Self-employed Borrower, Business Tax Returns and P& L Statements ), property and verify consistency of loan file information, for accuracy, and loan met Lender or Investor Guidelines.
- Analyzed, reviewed and verified Asset Statements ("checking for things like Asset Statement Expiration date") Conditioning for LOX aka Letter of Explanation for Large Deposits, Review and verification of gift letters, VOD etc.
- Performed a detailed Review, checked for accuracy, identified errors or discrepancy in Appraisal report value and take steps to correct it and ordering of new and/or updated appraisal as need.
- Performed review of Title Report, reviewed and verified CPL, Title Commitment to ensure Borrower and Lender name and information was correct, worked with Title Closing/ Closing Agent to correct pre or post closing issues such as Property taxes and Tax Prorations etc.
- Performed and reviewed Loan file to Identify risk factors within each loan and utilizes resources, tools and documentation to detect red flags and clear inconsistencies or take necessary next steps as directed by Manager or other Leaders of UW Team.
- Performed Review and cleared Loan underwriting conditions, stipulations or pre-funding requirements received. As well as Issued Final Loan Approval and Clear to Close.
- Communicate and provide other resources to support Retail Loan Officer, Loan Processors, Account Executives, Mortgage Brokers and other Sales or Support Team Member.
- Resolve and respond to any post-closing and/or audit deficiencies with Quality Team.
- Verified client financial information to determine creditworthiness and loan eligibility.
- Managed Loan Pipeline by prioritizing loan Underwrite based on UW Status or Stage giving highest priority to In Final UW rounds or closing within 5 business days.
- I regularly communicated by calling, Instant message or emailed Point of Contacts for Loans Conditions that remaining outstanding after 2 days to follow-up, ensure the Loan Officer, Mortgage Broker etc. understanding the conditions and know what's needed and in some case I sought commitment for when the Team Member would provided Documents as required by conditions.
- Reviewed, analyzed and evaluated borrowers Credit, Capital, Collateral and risk to ensure Borrower met Guidelines, Portfolio Guidelines and Requirements and Investor Guidelines.
QUALITY DOCUMENTATION SPECIALIST
Baker Hughes
Jacksonville, FL
03.2023 - Current
- Provided QC support for manufacturing assembly organizations by gathering and inspecting material test certification from our vendors of required products
- Supported the Global Standardization for Product Quality documentation
- Uploaded all the Product Quality Records into the company repository for future customer download and use
- Cleared a backlog of Customer Service requests that come through Service Now; completed internal research to complete requests
- Helped the Project Management team get orders shipped out by looking ahead and sales orders and clearing blocks in SAP, ensuring Shipping instructions are present and accurate, and ensuring that invoices are accurate
SENIOR MORTGAGE UNDERWRITER
Interfirst Mortgage Compny
Remote, FL
07.2020 - 02.2022
- Determined loan completeness and accuracy by thoroughly analyzing mortgage applications paying attention to detail and making changes,correction or updates as it was need on loan applications , appraisals reports and other property valuations tools.
- Requested additional information and documents from borrower to help determine loan risk
- Assessed borrowers financial information to determine borrower's ability to make future payments. Including reviewing,, evaluating Asset statements such as Bank Statements, 401k , IRA, Money Market etc.
- Analyzed and evaluated borrowers capacity, credit, cash and collateral to determine borrower loan approval, Loan Conditions or Loan denial.
- Utilized, reviewed and calculated financial statements to calculate debt-to-income ratios to determine eligibility for loan. Financial Statements such as W-2 Statements, 1099 Statements, Tax Transcripts, Paystubs, Business Tax returns, Business Profit and Loss Statements, Business 1120/s Returns etc.
- Evaluated mortgage loan risk based on sound underwriting decisions, Underwriting guidelines and Investor guidelines and requirement to ensure the loan met Guidelines.
- Researched applicant employment and financial histories to confirm document accuracy.
- Collaborated with loan originators and processors to correctly review and assess applications and risks.
- Evaluated loans against portfolio and investor guidelines.
- Determined loan eligibility and approved or rejected applications.
- Reviewed titles and appraisals to validate properties to meet insurer and guarantor guidelines.
- Analyzed loan risk and reviewed loan conditions and requirements.
- Liaised with lenders, appraisers and other third parties to communicate needs and requirements.
- Resolved document mistakes and discrepancies and identified signs of fraudulent activity.
- Maintained compliance with company and regulatory policies.
- Reviewed and evaluated loan applications and supporting documents.
- Resolved pre and post-closing issues relating to underwriting such as Property Tax issues.
- Analyzed tax returns and financial statements to determine ongoing cash flow to support loan repayment.
POST CLOSE UNDERWRITER
Loan Logics
Hybrid/Remote, FL
09.2015 - 06.2020
- Determined loan completeness and accuracy by thoroughly analyzing mortgage applications, appraisals and property Title Reports and other resources and reports.
- Evaluated mortgage loan risk based on sound underwriting decisions.
- Requested additional information and documents from borrower to help determine loan risk
- Communicated with applicants and internal team members to discuss identified conditions needed for approval.
- Analyzed capacity, credit, cash and collateral to determine loan approval, counteroffer or denial.
- Utilized financial statements to calculate debt-to-income ratios to determine eligibility for loan. Assessed financial information to determine borrower's making of future payments. such as Bank Statements, IRA etc.
- Resolved pre and post-closing issues relating to underwriting such as property taxes issues.
- Analyzed tax returns and financial statements to determine ongoing cash flow to support loan repayment. Such as Personal Tax Returns and Transcripts, Self-employed and Business P&L, Tax Returns 1120/S, K-1 Etc.
- Researched applicant employment and financial histories to confirm document accuracy. As well as request VOD, VOX and other Letters.
- Conditioned Loans with Requirements for Final Approval, Sourced Funds for Gifts and Large Deposits etc.,
- Analyzed applicant assets and credit history to determine willingness and capacity to repay proposed mortgage obligation.
- Reviewed and evaluated loan applications and supporting documents.
- Maintained compliance with company and regulatory policies.
MORTGAGE UNDERWRITER
Bank Of America
Jacksonville, FL
09.2012 - 09.2015
- Determined loan completeness and accuracy by thoroughly analyzing mortgage applications, appraisals and property valuations.
- Evaluated mortgage loan risk based on sound underwriting decisions.
- Requested additional information and documents from borrower to help determine loan risk
- Assessed financial information to determine borrower's making of future payments.
- Analyzed capacity, credit, cash and collateral to determine loan approval, counteroffer or denial.
- Analyzed loan risk and reviewed loan conditions and requirements.
- Requested additional information for applications and documents when necessary.
- Analyzed tax returns and financial statements to determine ongoing cash flow to support loan repayment.
- Analyzed applicant assets and credit history to determine willingness and capacity to repay proposed mortgage obligation.
- Reviewed titles and appraisals to validate properties to meet insurer and guarantor guidelines.
- Reviewed and evaluated loan applications and supporting documents.
Skills
- Mortgage Guidelines and Regulations
- Encompass & Lending QB Experience and most all other Programs
- Expert With DU/LP and LPA
- Expert with Word, Excel and other
- Microsoft applications
- Communication and Attention to Detail
- Business nd Self Employed Income Calculation including K-1 1120S
- Debt and credit management
- Organizational skills
- Data management
- Customer service
- Problem resolution
- Teambuilding
- Flexible schedule
Timeline
QUALITY DOCUMENTATION SPECIALIST
Baker Hughes
03.2023 - Current
NON-QM MORTGAGE UNDERWRITER
Baker Tilly(Contract 1099)
02.2022 - Current
SENIOR MORTGAGE UNDERWRITER
Interfirst Mortgage Compny
07.2020 - 02.2022
POST CLOSE UNDERWRITER
Loan Logics
09.2015 - 06.2020
MORTGAGE UNDERWRITER
Bank Of America
09.2012 - 09.2015
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