Michael Jimison
San Antonio,TX
Summary
Professional mortgage underwriter prepared for this role with comprehensive experience in risk assessment, financial analysis, and loan approval processes. Skilled in team collaboration and achieving results, adaptable to changing needs and reliable. Strong analytical skills, attention to detail, and effective communication make valuable asset to any underwriting team.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Finance Manager
Universal Toyota
02.2023 - Current
- Proficiency in financial software and software systems, Reynolds and Reynolds, RouteOne and Cuddle
- Experience with upselling financial products and services, VSC, VMA, GAP, T&W,and Theft
- Ability to process title documents and contracts
- Strong analytical and problem-solving skills to secure the deal
- Excellent customer service and communication skills
- Advance knowledge of leases and second chance financing
- Ability to process title documents and contracts
- Strong organizational and time management skills
- Billing and Funding knowledge of all major banks
Non-QM Underwriter
Athas Capital
05.2022 - 08.2022
- Underwrite to a variety guidelines and programs and makes sound credit decisions based on investor guidelines
- Complete credit, analysis of income, appraisal review and analysis of property, ensures proper audits are completed and verified consistency of loan file information
- Review and evaluate credit information on mortgage loan documents to determine acceptability for specific Non QM programs
- Calculate DSCR, Bank Statements, Profit and Loss Statements, Tax return reviews
- Determine any conditions, stipulations, or pre-funding requirements
- Maintain ongoing knowledge of investor guidelines, updates, and trends as applicable to underwriting position
- Review appraisal, title, income documents, using resources from Realtor.com, Zillow, Property Profiles, Nexus Lexus
Sr. Mortgage Underwriter
Princeton Mtg
12.2020 - 03.2022
- Apply and interpret company underwriting guidelines and makes sound credit decision
- Complete credit, analysis of income, appraisal review and analysis of property, ensures proper audits are completed and verified consistency of loan file information
- Identify risk factors within each loan and utilizes resources, tools, and documentation to detect red flags and clear inconsistencies
- Review and evaluate credit information on mortgage loan documents to determine acceptability for specific loan programs, specializing in conventional lending programs
- Determine any conditions, stipulations, or pre-funding requirements
- Maintain ongoing knowledge of investor guidelines, updates, and trends as applicable to underwriting position
- Project Lead for overseas underwriting team
Sr. Mortgage Underwriter
USAA
09.2010 - 12.2020
- Member of the Underwriting Specialty Review Team, including loans for portfolio
- Review and curation of Material Defect generated from the Quality Assurance Team
- Extensive knowledge of Fannie Mae, Freddie Mac, and VA guidelines as I collaborated with both agencies on identifying possible exceptions that can be granted to bring our members home
- Reviewing of Real Estate Trust and procedures for loans closing in a trust
- Extensive Appraisal Review for residential and 1-4 Unit Income producing properties
- Superior problem-solving skills regarding restructuring of loans to avoid late-stage decline
- Excellent communication skills with Fulfillment and other partners, due to the extensive communication that is required to analyze scenarios to make effective decisions
- Manage Team Pipeline and UW queues to obtain shortest cycle time for efficiency
- Development and support of Off-Shore Compartmentalized Underwriting Team
- Lending authority of 2 Million
- 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 informatio
- Maintained mortgage program compliance with federal agencies such as VA, HUD, FNMA, and NON-QM
- Effectively communicated underwriting decisions to relevant parties, providing clear explanations for any required conditions or stipulations.
- Assisted management with special projects as assigned, demonstrating adaptability and commitment to organizational success.
- Demonstrated sound decision-making in approving or denying loans based on comprehensive assessments of borrower''s creditworthiness and risk factors.
- Conducted post-closing reviews to ensure accuracy in documentation and compliance with lending guidelines.
- Balanced competing priorities and managed a high volume of work, consistently meeting or exceeding performance metrics for approval rate, turnaround time, and loan quality.
- Ensured compliance with federal regulations and company policies through diligent examination of mortgage documentation.
- Increased team productivity by mentoring junior underwriters, sharing industry knowledge, and providing constructive feedback on their work.
Education
Bachelor of Science - Business Administration
Coleman University
San Diego, CA01-2003
Skills
- Jumbo and super jumbo loans
- Quality control measures
- Tax return analysis
- Income calculation accuracy
- Underwriting guidelines
- Documentation review
- Credit analysis
- Debt-to-income ratio analysis
- Appraisal review expertise
- Time management
- Attention to detail
- Strong decision-making
Military Service
US Air Force, 01/01/89, 01/01/91, Abilene, TX
Certification
- Certified Residential Underwriter (CRU) - Mortgage Bankers Association.
- Credit Risk Certification(CRC)- The Risk Management Association.
Languages
English
Full Professional
Timeline
Finance Manager
Universal Toyota
02.2023 - Current
Non-QM Underwriter
Athas Capital
05.2022 - 08.2022
Sr. Mortgage Underwriter
Princeton Mtg
12.2020 - 03.2022
Sr. Mortgage Underwriter
USAA
09.2010 - 12.2020
- Certified Residential Underwriter (CRU) - Mortgage Bankers Association.
- Credit Risk Certification(CRC)- The Risk Management Association.
Bachelor of Science - Business Administration
Coleman University
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