MaryAnn Smith
San Antonio,TX
Summary
Committed professional with 35 years of lending experience and a proven track record in underwriting, mortgage compliance, and driving operational efficiency. Skilled in building strong customer relationships and ensuring profitability for lending institutions. Expertise includes underwriting, due diligence, quality control, auditing, credit risk assessment, compliance, appraisal review, and secondary marketing. Known for professionalism, punctuality, and strong communication skills.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Assistant Vice President Production Quality
U.S. Bank Home Mortgage
09.2021 - 10.2024
- Acted as a liaison between internal auditors and the production teams for periodic reviews of processes, procedures, and operating systems.
- Assisted with the preparation of audit working papers, including gathering supporting documentation for testing purposes.
- Collaborated with internal Auditors to ensure precise filings.
- Analyzed business processes and procedures to ensure compliance with regulatory agencies.
- Identified areas for improvement within the organization and developed strategies for addressing them, including processes and procedures, checklists, automated conditions, and quality insight rules.
- Participated in meetings with department leaders to discuss audit results and recommendations for improvement.
- Assisted in developing training materials for employees across various departments.
- Supported senior leadership by reviewing and prioritizing strategic initiatives.
- Documented meeting minutes and created detailed records of project updates.
- Drafted responses to incoming correspondence on behalf of senior leadership.
- Served as a liaison between the organization and external partners and vendors.
Mortgage Underwriter III
U.S. Bank Home Mortgage
06.2015 - 09.2021
- Assessed risk levels associated with each loan application based on established criteria.
- Evaluated financial statements including tax returns, bank records, and pay stubs for loan repayment capability
- Uncovered possible problems concerning ownership records, property evaluations, and insurance sufficiency.
- Issued clear written conditions for approval of mortgage loans.
- Products include FNMA, FHLMC, FHA, HFA/State Bond, and Portfolio.
- Provide training for fellow team members, including FHA Direct Endorsement, and mentoring for work coordinators.
- Maintained up-to-date knowledge of changing laws and regulations related to mortgage lending.
Quality Control Underwriter
Opus Capital Markets Consultants LLC
03.2012 - 09.2015
- Conducted due diligence review on credit, compliance, fraud, servicing and early payment defaults.
- Coordinated deal reviews and provided clients with quality results.
- Reviewed and reported on trailing documents for clients.
- Mentored and trained staff for each review.
- Monitored daily operations to ensure that all policies were followed accurately and consistently.
- Prepared detailed reports summarizing findings from quality control reviews for senior management review.
Senior Government Underwriter
Flagstar Bank
07.2008 - 03.2012
- Provided expert analysis of mortgage programs and credit risks for Government Loan products.
- Ensure compliance and salability for all loans.
Education
High School Diploma -
Kentridge High School
Kent, WA06-1983
Some College (No Degree) -
Seattle Central Community College
Seattle, WASome College (No Degree) -
Highline Community College
Des Moines, WASkills
- Finance
- Decision Making & Judgment
- Internal and External Auditing
- Regulatory Compliance
- Internal Controls
- Root Cause Analysis
- SOP Adherence & Policy compliance
- Ethical standards
- Issue Resolution
- Innovation and Creativity
- Advanced Microsoft Office Skills
Certification
FHA DE Underwriter
Affiliations
- Seven years service as a Homeowners Association Board Member.
- Received award for Board Member of the Year.
- Served four years on the CAI Legislative Action Committee. Provided testimony on pending litigation in both the State of Washington House of Representatives and Senate.
- Nominated for Affordable Housing Advisory Board - Washington State Governor's Office
Timeline
Assistant Vice President Production Quality
U.S. Bank Home Mortgage
09.2021 - 10.2024
Mortgage Underwriter III
U.S. Bank Home Mortgage
06.2015 - 09.2021
Quality Control Underwriter
Opus Capital Markets Consultants LLC
03.2012 - 09.2015
Senior Government Underwriter
Flagstar Bank
07.2008 - 03.2012
High School Diploma -
Kentridge High School
Some College (No Degree) -
Seattle Central Community College
Some College (No Degree) -
Highline Community College
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