Melinda Darowski
Des Moines,IA
Summary
Detail-oriented and analytical Underwriter with 12 years of experience in assessing risk and evaluating loan applications. Proficient in analyzing financial data, conducting thorough risk assessments, and ensuring compliance with regulatory requirements. Seeking to leverage my expertise in underwriting to contribute to success.
Overview
12
12
years of professional experience
Work History
Mortgage Loan Underwriter II
Wells Fargo
03.2022 - 03.2024
- Analyzed loan applications thoroughly to assess creditworthiness and identify potential risks, utilizing financial statements, credit reports, and other relevant documents
- Collaborated with loan officers and borrowers to gather necessary information and clarify details, ensuring accuracy and completeness of documentation
- Managed a portfolio of diverse loan applications, consistently meeting or exceeding performance targets for quality and productivity
- Evaluated complex financial scenarios and made data-driven recommendations for loan approvals or denials, minimizing risk exposure and optimizing profitability
- Ensured compliance with company policies, procedures, and regulatory requirements, maintaining a 100% accuracy rate in documentation and decision-making
- Developed and maintained strong relationships with internal and external partners, fostering a collaborative and supportive work environment.
Mortgage Loan Underwriter Associate
Wells Fargo
03.2021 - 03.2022
- Reviewed loan applications and supporting documents for accuracy, completeness, and compliance with underwriting guidelines, using a systematic approach to ensure thoroughness
- Conducted preliminary reviews of loan applications to identify missing information or discrepancies, reducing processing time by 10% and enhancing overall workflow efficiency
- Communicated with loan officers, mortgage processors and borrowers, to collect necessary information and clarify details, fostering strong relationships and promoting open communication channels
- Maintained organized and up-to-date files and documentation, ensuring accessibility and accuracy of information for auditing and regulatory purposes.
Mortgage Loan Processor IV
Wells Fargo
03.2020 - 03.2021
- Managed a high-volume pipeline of mortgage applications, facilitating the timely processing and closing of loans in accordance with company and regulatory requirements
- Conducted thorough reviews of income, assets, and credit history to assess borrower qualifications and mitigate risk, maintaining a low error rate and ensuring compliance with lending guidelines
- Provided guidance and support to junior processors, offering training and mentorship to enhance their skills and productivity
- Consistently met or exceeded performance metrics for productivity, quality, and customer service, earning recognition for exceptional performance and contributions to team success.
Mortgage Loan Processor III
Wells Fargo
04.2019 - 03.2020
- Processed mortgage applications efficiently and accurately, ensuring adherence to company policies, investor guidelines, and regulatory requirements
- Verified borrower information, including income, assets, and credit history, through meticulous review and analysis of documentation, resulting in a 10% reduction in errors and discrepancies
- Communicated with borrowers to request additional documentation and provide updates on the status of their loan applications, enhancing customer satisfaction and retention
- Conducted thorough reviews of loan files to identify potential risks and compliance issues, implementing corrective actions as needed to mitigate risk and ensure loan quality.
Mortgage Loan Processor II
Wells Fargo
04.2018 - 04.2019
- Conducted thorough analysis of financial documents, including pay stubs, tax returns, and bank statements, ensuring accuracy and completeness
- Communicated with borrowers, loan officers, and other stakeholders to gather necessary information and address inquiries, promoting clear and efficient communication channels
- Identified discrepancies or missing information in loan applications and worked collaboratively with internal teams to resolve issues and meet deadlines
- Utilized mortgage processing software and systems to track application status and update loan files, improving workflow efficiency and accuracy
- Contributed to team goals and objectives by consistently meeting or exceeding performance metrics for productivity, quality, and customer service.
Home Preservation Specialist
Wells Fargo
04.2014 - 04.2018
- Evaluated homeowner applications for mortgage assistance programs, meticulously analyzing financial documents and hardship letters to determine eligibility
- Collaborated with borrowers to explore options for foreclosure prevention, providing personalized guidance and support throughout the application process
- Provided ongoing support and assistance to homeowners throughout the foreclosure prevention process, ensuring transparency and empathy in all interactions
- Maintained detailed records of borrower communications and program activities, ensuring accuracy and compliance with regulatory requirements.
Mortgage Loan Processor
Wells Fargo
03.2012 - 04.2014
- Reviewed mortgage applications and supporting documentation for accuracy and completeness, conducting thorough analysis to ensure compliance with company policies and regulatory requirements
- Communicated with borrowers, loan officers, and other stakeholders to gather necessary information, address inquiries, and provide updates on application status, resulting in improved customer satisfaction and retention
- Assisted in the preparation of loan files for underwriting review, ensuring completeness and accuracy of documentation to facilitate timely decision-making.
Skills
- Proficient in financial analysis and risk assessment
- Excellent attention to detail and accuracy
- Ability to work effectively under pressure and meet deadlines
- Strong communication and interpersonal skills
- Great mathematical skills
- Knowledge of regulatory compliance requirements
- Proficient in Microsoft Office Suite and underwriting software
- Proficient computer skills
Awards Recognitions Volunteer Work
- Actively participated in company-sponsored community service initiatives, including Meals of the Heartland and serving food at Hope Ministries, demonstrating a commitment to giving back to the community and making a positive impact beyond the workplace.
- Recognized for dedication and contributions to team success during department-wide initiatives, such as process improvements, earning praise from colleagues and supervisors for collaborative efforts and problem-solving skills.
- Recognized for dedication and excellence in providing foreclosure prevention assistance to homeowners facing financial hardships, demonstrating empathy, professionalism, and effectiveness in guiding them through challenging situations.
References
References available upon request.
Timeline
Mortgage Loan Underwriter II
Wells Fargo
03.2022 - 03.2024
Mortgage Loan Underwriter Associate
Wells Fargo
03.2021 - 03.2022
Mortgage Loan Processor IV
Wells Fargo
03.2020 - 03.2021
Mortgage Loan Processor III
Wells Fargo
04.2019 - 03.2020
Mortgage Loan Processor II
Wells Fargo
04.2018 - 04.2019
Home Preservation Specialist
Wells Fargo
04.2014 - 04.2018
Mortgage Loan Processor
Wells Fargo
03.2012 - 04.2014