Summary
Overview
Work History
Education
Skills
Timeline
Generic

MARLENE PRIESTLY

Helotes,TX

Summary

An analytical Senior Underwriter, known for high productivity and efficient task completion. Possess specialized skills in risk assessment, fraud detection, and regulatory compliance, which ensure thorough analysis and accurate decision-making. Excel using critical thinking, problem-solving abilities, and effective communication to navigate complex scenarios and deliver results.

Overview

15
15
years of professional experience

Work History

DE/SAR Senior Underwriter (Lead)

First Heritgage Mortgage
Remote, TX
06.2012 - Current
  • Perform full-spectrum underwriting for Conventional, VA, FHA, USDA, and VHDA loans in accordance with GSE and Appendix Q guidelines.
  • Conducted comprehensive risk analyses to mitigate underwriting losses.
  • Managed the underwriting pipeline, maintaining ownership of loans throughout the fulfillment process.
  • Monitored workflows of Underwriters to enhance accuracy and improve operational efficiencies.
  • Evaluated marketability of loans by analyzing borrower financials, employment history, and credit metrics.
  • Verified loan completeness by analyzing mortgage applications, appraisals, and property valuations.
  • Collaborated with Operations Staff on underwriting quality for Conforming, Conventional, Jumbo, and Super Jumbo loans.
  • Conduct comprehensive credit and collateral reviews, including detailed analysis of borrower income, financials, employment, credit, DTI, and LTV ratios

Forensic Underwriter

Opus
Remote
07.2019 - 04.2020
  • Reviewed loan applications and credit reports to determine borrower creditworthiness.
  • Verified accuracy of income statements, tax returns, and bank statements.
  • Ensured compliance with lending laws and regulations throughout evaluation process.
  • Prepared detailed underwriting reports summarizing risk factor evaluations.
  • Analyzed financial documentation including balance sheets and income statements.
  • Evaluated borrowers' repayment capacity using debt-to-income ratio calculations.
  • Performed due diligence on assets, collateral, and cash flow assessments.

Mortgage Underwriter

Bank of America
Fairfax , VA
08.2011 - 04.2012
  • Analyzed mortgage applications, appraisals, and property valuations for completeness and accuracy.
  • Calculated debt-to-income ratios using financial statements to assess loan eligibility.
  • Collaborated with loan originators and processors to review applications and associated risks.
  • Communicated identified conditions for approval to applicants and internal team members.
  • Outlined reasons for application approvals or rejections clearly and effectively.
  • Conducted thorough appraisal reviews to ensure compliance with investor guidelines.
  • Proactively updated loan status to originators and processors, addressing concerns promptly.
  • Notified all parties regarding the need for additional information throughout the process.

Mortgage Underwriter

Fifth Third Bank
Cincinnati, OH
02.2010 - 08.2011
  • Evaluated loan applications and supporting documents to determine eligibility and risk factors.
  • Assessed applicant assets and credit history for repayment capacity evaluation.
  • Analyzed tax returns and financial statements, measuring cash flow for loan repayment.
  • Reviewed titles and appraisals to ensure compliance with insurer guidelines.
  • Researched financial histories to verify document accuracy and authenticity.
  • Informed customers of loan requirements and deadlines to facilitate completion.
  • Collaborated with internal teams to enhance loan approval processes.
  • Monitored loans against portfolio and investor guidelines for effective risk management.

Education

Bachelor of Science - Bioloby

University of The Incarnate Word
San Antonio
12.1999

Skills

  • Software: Ellie Mae Encompass, Fannie Mae Desktop Underwriter, Freddie Mac Loan Prospector, Total Scorecard, GUS, MGIC, RADIAN, Experian, Microsoft Office
  • Certifications: CHUMS ID #FM55, VA SAR #01599
  • Expertise: FHA, VA, USDA, VHDA, Jumbo, and Conventional loans; manual underwriting; Non-QM, DSCR loans; credit and appraisal analysis; agency and investor guideline compliance; loan quality trend analysis

Timeline

Forensic Underwriter

Opus
07.2019 - 04.2020

DE/SAR Senior Underwriter (Lead)

First Heritgage Mortgage
06.2012 - Current

Mortgage Underwriter

Bank of America
08.2011 - 04.2012

Mortgage Underwriter

Fifth Third Bank
02.2010 - 08.2011

Bachelor of Science - Bioloby

University of The Incarnate Word

Similar Profiles

CREATE PROFILE