Lulu B. Alforque
Las Vegas,NV
Summary
Seasoned Mortgage Associate bringing in more than 10 years of experience in mortgage and banking industry. Adept at building loyalty and trust between bank and Customers/Brokers. A very good and reliable team player, natural problem solver and result-oriented Associate. Excellent communication and negotiation skills. Have worked both with Brokerages and direct Lender and possess vast understanding of the functionalities of both.
Overview
11
11
years of professional experience
Work History
Junior Underwriter
Change Home Mortgage
Irvine, CA
08.2021 - Current
- Analyzed credit, income, compliance, title documents and appraisals during underwriting process.
- Prepares income worksheet calculation
- Pre-underwrites files, requests for missing income, assets and other documentations
- Provided high level of assistance to help with review, classification, coding and rating of applications.
- Followed through with borrowers, loan processors, loan originators and managed all phases of underwriting process.
- Determined and documented loan conditions and communicated requirements and decisions.
- Reviewed applications for insurance coverage and reports from loss control specialists to determine risks.
- Identified portfolio risks resulting from client's underlying business practices, underwriting investigations or fraud exposure.
- Participated in continuous improvement by generating suggestions, engaging in problem-solving activities to support teamwork.
- Completed paperwork, recognizing discrepancies and promptly addressing for resolution.
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Worked with processing team members to communicate errors and obtain missing information for current applications.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records and current financial status.
- Verified integrity of applicants' information to minimize fraud.
- Obtained copies of applicants' credit histories and reviewed paperwork to determine feasibility of granting loans.
Loan Coordinator
Homepoint Financial Corporation
Ann Arbor, MI
10.2020 - 06.2021
- Scrubbing Loans: Reviewing flood certification, checking Fraud Report for SSN Hits and sending SSA89, doing data entry to clear Realtor contact information
- Preparing Loan for CD Preparation. Clearing internal and external conditions and fulfilling conditions for Underwriter to review.
- Credit Refresh LQI
- LDP GSA: This will often be referred to as fraud report. It is often completed prior to sending file to CD preparation
- Loan Estimate and Lock Tracking
- VVOE via The Work Number and company HR
- SSA89 SSN Validation
- FHA Connection: FHA Case Number to match Title, appraisal Login, FHA Case Query
- Hazard and Flood Insurance Insurance: Checking below data points and completing data entry.
- Title Review and clear : Draft Title CD, Tax Certificate, Closing Protection Letter or CPL, Preliminary Title Commitment
- Settlement Agent: Select Settlement Agent
- Closing Request Form: Must address closing date. It has data entry component. Junior UW must enter escrow companies phone number, email address, and contact person.
- Invoices: Credit, Processing, HOI and Appraisal invoices must be received and clear condition.
- Make sure FHA Amendatory Clause and Real Estate Cert is fully executed by all parties.
- Junior Underwriter is responsible for completing date entry associated with appraisal.
- Responsible for Appraisal Delivery Timing Requirements
- Condo Review: For limited review condo, Junior UW will clear Hazard insurance condition and do associated date entry.
- Payoff: Junior UW is responsible for clearing payoffs on conventional loans and for updating figures on GOV loans.
- Letter Credit Inquiry: Condition borrower for newly opened credit lines.
Senior Mortgage Loan Processor
Shangrila Dreamhome Realty, Inc
Manteca, CA
05.2010 - 04.2020
- Gathering information for loan application
- Evaluating credit histories for applications
- Collecting data from clients such as their assets, salaries, debts and employment status to fill in information for loan application
- Researching and correcting mistakes in applications for clients
- Reviewing file documentation for missing or erroneous information
- Meeting loan application deadlines
- Assisting Loan Officer with requests and tasks needed to complete and process applications
- Set up and completed loan submission packages.
- Handled any conditions sent from underwriting departments.
- Worked with underwriters to fix application problems and resolve issues.
- Verified credit histories, personal references and employment backgrounds for each applicant.
- Collected and compiled paperwork such as title abstracts, insurance paperwork, loan files and tax histories.
- Reviewed and validated details of loan applications and closing documentation.
Education
Bachelor of Science - Accounting
Philippine School of Business Administration
Manila05.1986
Skills
Knowledge in:
- Encompass
- Calyx Point
- Microsoft Word
- Excel
Loans handled:
- Conventional
- FHA
- VA
- Jumbo Loans
- Second Loans
Accomplishments
- Ability to process more than 50 loans per month
- Knowledge of underwriting terminology.
- Strong attention to detail and accuracy.
- Effective written and verbal communication skills.
- Extremely organized.
- Positive personality and a strong drive and very focused.
- High analytical ability, detail oriented, high production-driven.
Professional References
Jennie Pentimone Manager, Homepoint Financial, The Work Number
Darren Bergerin Manager, Homepoint Financial, The Work Number
Timeline
Junior Underwriter
Change Home Mortgage
08.2021 - Current
Loan Coordinator
Homepoint Financial Corporation
10.2020 - 06.2021
Senior Mortgage Loan Processor
Shangrila Dreamhome Realty, Inc
05.2010 - 04.2020
Bachelor of Science - Accounting
Philippine School of Business Administration
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