Michelle McSweeney
Barrington,IL
Summary
Dynamic Loan Underwriter with over 22 years of extensive experience in the mortgage industry, specializing in Jumbo, Super Jumbo, High Agency, Non-agency QM, Alternative Document, and Conforming FNMA and FMLMC loans. Proven ability to navigate multiple investor guidelines while meticulously analyzing mortgage applications to uphold the highest standards of quality and accuracy. Expertise in evaluating loan documentation—including collateral, credit, and risk assessments—ensuring compliance with both company and investor requirements. Strong communication skills facilitate clear decision-making for business partners, complemented by a proactive approach to managing multiple requests in fast-paced environments.
Overview
26
26
years of professional experience
Work History
CFO
MB Insurance Consultants
11.2022 - Current
- Developed strategic financial plans aligning with organizational goals and market trends.
- Led budgeting processes, ensuring resource allocation met operational needs effectively.
- Analyzed financial performance and reported insights to executive leadership for informed decision-making.
- Implemented risk management strategies that enhanced compliance and minimized financial exposure.
- Developed individualized care plans to address client needs and improve service delivery.
- Analyzed case data to identify trends and inform policy recommendations for program improvements.
- Managed a caseload of diverse clients, successfully addressing their unique needs while maintaining high standards of service delivery.
- Created well-written, effective care plans appropriately matching needs of clients following standards and guidelines of funders, contractors and governmental regulations.
Non-agency QM, Jumbo & Super Jumbo Underwriter
loanDepot
10.2021 - 08.2022
- Responsible for underwriting residential loans ensuring compliance with appropriate company and investor standards.
- Review of mortgage loan documentation and analyzation of collateral, credit, and loan risk to determine borrower's ability to repay the mortgage loan.
- Analyzes and calculates income documentation such as personal and business income statements to ensure all necessary documentation is requested to support loan decisions.
- Extensive review of Personal, Corporate, S-Corp, and Partnership returns, as well as any additional financial statements required per Lender guidelines.
- Review of Appraisal, Title, Trusts, Condo reports to meet agency and non-agency guidelines.
- Accurately conditioning borrower(s) for certain documentation that may be missing or needed before final loan decision is determined.
- Document Underwriter decisions via loan origination platform and complete all final loan decision forms as required.
- Assisted team members in resolving any issues that may arise throughout the loan process.
- Provide updates and communication to processors, mortgage professionals and borrowers regarding documents needed to ensure a quick turnaround time.
- Provided mentoring, training and second signature on loans for underwriters attaining increased level of authority to include non-agency / non-QM loans.
- Completed final 1008/1008, updated AUS, as well as DataVerify PTC
CLDD | Jumbo & Super Jumbo Underwriter
Evolve Mortgage Services
01.2019 - 01.2021
- Review of mortgage loan documentation and analyzation of collateral, credit, and loan risk to determine borrower's ability to repay the mortgage loan.
- Responsible for underwriting loans for Correspondent Lenders and Investors on both a delegated and non-delegated basis.
- The Lead underwriter for the Closed Loan Due Diligence Department for Specific Investors, with an in-depth forensic underwriting review of closed Jumbo mortgage loans.
- Extensive review of Personal, Corporate, S-Corp, and Partnership returns, as well as any additional financial statements required per Lender guidelines.
- Review of Appraisal, Title, Trusts, Condo reports to meet agency and non-agency guidelines.
- Accurately conditioning borrower(s) for certain documentation that may be missing or needful before final loan decision is determined.
Sr. Conventional Mortgage Underwriter
Guaranteed Rate
01.2011 - 01.2018
- Reviewed mortgage loan documentation and analyzed collateral, credit, and loan risk.
- Responsible for underwriting correspondent loans on both a delegated and non-delegated basis as well as second mortgages | HELOCs in conformance with investor requirements, as well as company's policies and procedures.
- Extensive review of personal, corporate and partnership returns, as well as any additional financial statements credit worthiness to determine borrower ability to repay mortgage loan.
- Review of appraisal reports, title, trusts, condo | PUD questionnaires.
- Conditioning borrower for certain items that may be missing or needful before final loan decision.
- Answered program guideline and borrower qualification questions from LC's, VP's and MC's to assist with restructuring of loans based on lending guideline.
- Occasional response to investor or bank audits when they do come up.
Underwriter Level II Manager
Interbank Mortgage Company
01.2009 - 01.2011
- Developed and Managed the Auditing Department.
- Assigned as the first Level II Underwriter Manager department and responsible for training all new Level II underwriters.
- Managed a staff of 10 Level II Underwriters | Jr. Underwriters.
- Examined all loan documentation for accuracy and completeness. Analyzed financial statements and pertinent information to determine creditworthiness of prospective borrowers.
- Reviewed and sign off on all conditions applied by Senior Underwriter.
- Served as advisor and answered general underwriting questions for loan originators.
- In-depth knowledge of all guidelines, regulations, policies, matrix, and procedures.
- MI certified with Radian.
- Reviewed LoanSafe reports, DU, Title searches, Credit and Appraisals.
Owner | Contract Sr. Loan Processor & Underwriter
AtoZ Processing
01.2007 - 01.2009
- Ran DU | LP or any AUS per Lender requirement.
- Uploaded complete application through Lender Site.
- Verified disclosures for accuracy and completion.
- Reviewed credit report, bank statements, pay stubs, tax returns & W-2's.
- Updated final 1003 with accurate income | rental figures and current assets.
- Ordered payoff and subordination agreement (if applicable).
- Submitted loan package to lender with follow up verification of status.
- Cleared lender conditions, credit, and title conditions.
- Contact hazard insurance company for new Mortgage E Clause.
- Prepared fee sheet for review by broker and submitted to lender to coordinate closing.
- Review of Final HUD-1 and cleared all Prior To Funding conditions.
- A complete post-closing audit on each loan package and final delivery to broker.
Processing Manager | Loan Underwriter
Robbins & Lloyd, LLC
01.2004 - 01.2007
- Analyzed financial statements and pertinent information to determine creditworthiness of prospective borrowers.
- Maintained knowledge of available loan products, processing procedures, underwriting and general departmental guidelines per lender.
- Verified the accuracy and authenticity of all documents submitted to lender.
- Served as advisor and answered general underwriting questions for loan originators.
- Managed a staff of 15 loan processors and loan officers.
- Cross-sell banking services and products to clientele.
Loan Processing Manager
Chicago Mortgage Acceptance
01.2001 - 01.2004
- Directed daily operations, including branch sales, business development, customer service, and credit analysis.
- Maintained knowledge of available loan products, processing procedures, underwriting and general departmental guidelines.
- Analyzed financial statements and pertinent information to determine creditworthiness of prospective customers.
Loan Processor
Freedom Mortgage Team
01.2000 - 01.2001
- Ensured that loans are processed in accordance with company guidelines.
- Verified loan documents required for submission as well as ordered third party documents.
- Reviewed and executed closing documents, completed broker demand sheets, and final funding requirements.
Education
Bachelor of Science - Psychology, Finance
Loyola University of Chicago
Chicago, Illinois05.2000
Skills
- Credit risk evaluation
- Risk assessment calculations
- Thorough review of documentation
- Effective team collaboration
- Risk management assessment
- Application evaluation
- Strategic decision making
- Financial Analysis
- Loss Mitigation
- Loan approval & denial
- Problem Solving
- Net operating income formulation
- Fraud Detection
- Quality Assurance
- Attention to Detail
- Excellent Communication
- Problem-Solving
- Documentation review
- Underwriting guidelines
- Residential mortgage lending regulations
- Application analysis
- FNMA guidelines
- Debt-to-income ratios
- Asset statements
- Loan evaluation
- Asset appraisal
- Loan origination software
- Collateral valuation
Profile Summary
Experienced Loan Underwriter with a successful career of over 22 years as a mortgage professional., Senior Mortgage Loan Underwriter for Jumbo, Super Jumbo, High Agency, Non-agency QM, Alternative Document, Conforming FNMA and FMLMC loans., Able to handle multiple Investor guidelines and analyze various mortgage applications ensuring quality and accuracy of each loan., Expertise in reviewing mortgage loan documentation, including collateral, credit, and loan risk, to ensure compliance with company and investor standards., The ability to assess the creditworthiness of borrowers by reviewing their credit history, financial statements, and other relevant documentation determining the borrower's ability to repay the mortgage loan., The ability to performed detailed analysis and review of appraisal for one-to-four family residential properties to determine acceptability of security for loan programs offered., Effective communication skills, both orally and in writing, allowing them to provide clear and concise loan decisions to business partners., Ability to work independently in a fast-paced environment and manage multiple requests while producing accurate decisions., Certified with Radian, Essence, National MI, Arch, United Guaranteed, and MGIC., Proficient in M4, Microsoft Office, Word, Excel, Outlook, Point, Empower, Genesis, Encompass, DocuTrac, Paperless, E-folder, Dataverify and DataTrac., Great Team Player and able to function in an ever-changing environment and work across all business channels in Underwriting as needed.
Timeline
CFO
MB Insurance Consultants
11.2022 - Current
Non-agency QM, Jumbo & Super Jumbo Underwriter
loanDepot
10.2021 - 08.2022
CLDD | Jumbo & Super Jumbo Underwriter
Evolve Mortgage Services
01.2019 - 01.2021
Sr. Conventional Mortgage Underwriter
Guaranteed Rate
01.2011 - 01.2018
Underwriter Level II Manager
Interbank Mortgage Company
01.2009 - 01.2011
Owner | Contract Sr. Loan Processor & Underwriter
AtoZ Processing
01.2007 - 01.2009
Processing Manager | Loan Underwriter
Robbins & Lloyd, LLC
01.2004 - 01.2007
Loan Processing Manager
Chicago Mortgage Acceptance
01.2001 - 01.2004
Loan Processor
Freedom Mortgage Team
01.2000 - 01.2001
Bachelor of Science - Psychology, Finance
Loyola University of Chicago