Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
Generic

Lulu B. Alforque

Las Vegas

Summary

I have been in the mortgage industry in the past 20 years as I started as Loan Processor and become Mortgage Loan Underwriter. I have extensive knowledge of the loan process, credit analysis, and risk management. I would like to bring to the company my experience in underwriting mortgage loans to effectively evaluate and approve loan applications. My qualities such as attention to detail, analytical skills, risk assessment, excellent communication skills and problem-solving will definitely add value to the company.





Overview

12
12
years of professional experience

Work History

Junior Underwriter

Change Wholesale Mortgage
08.2021 - 09.2022
  • Analyzed credit, income, compliance, title documents and appraisals during underwriting process.
  • Able to handle between 200-300 files a month
  • Prepares income worksheet calculation
  • Pre-underwrites files, requests for missing income, assets and other documentations
  • Followed through with Account executives, account managers and assistants 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.
  • 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.
  • Evaluated debt ratio, loan-to-value ratios, credit scores property valuations and various other factors when making underwriting decisions.
  • Used critical thinking to break down problems, evaluate solutions and make decisions.
  • Followed through with borrowers, loan processors, loan originators and managed all phases of underwriting process.

Loan Coordinator/Junior Underwriter

Homepoint Financial Corporation
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
05.2010 - 04.2020
  • Set up and completed loan submission packages.
  • Handled any conditions sent from underwriting departments.
  • Worked with customers in person and via telephone to answer questions, process transactions and resolve issues.
  • Prepared file for final clear-to-close by branch management.
  • Reviewed financial statements and contacted institutions and customers to clarify details.
  • Filed completed loan applications with underwriting and made approval or denial recommendations.
  • Collected and compiled paperwork such as title abstracts, insurance paperwork, loan files and tax histories.
  • Coordinated closing process with attorneys, title companies and government clerks.

Education

Bachelor of Science - Accounting

Philippine School of Business Administration
Manila
05.1986

Skills

    Knowledge in:

  • Encompass
  • Calyx Point
  • Microsoft Word
  • Excel
  • Mortgage calculator
  • Quickbooks

    Loans handled:

  • Conventional
  • FHA
  • VA
  • Jumbo Loans
  • Piggyback Loans
  • Non QM 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.

Timeline

Junior Underwriter

Change Wholesale Mortgage
08.2021 - 09.2022

Loan Coordinator/Junior Underwriter

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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Lulu B. Alforque