Monica Owens

• Underwriting all types of mortgage loans - Fannie Mae / Freddie Mac conforming conventional, FHA DE Underwriter, VA delegated authority, USDA Rural Housing
• Proficient with LPA, DU and GUS.
• Self employed borrowers - 1120S, 1065 and Schedule C business structures
• Rental income calculation
• Appraisal review and escalated analysis
• Compliance review of initial and final Loan Estimates, changes of circumstance, TRID compliance and Closing Disclosure preparation
• Extensive knowledge of agency guidelines and investor overlays
• Underwrite loans for sale to 5 different nationwide investors
• Title commitment review, homeowners and flood insurance review
• Resolution of post closing investor conditions
• Payment of FHA MIP, VA Funding Fees, USDA guarantee fees
• Obtaining FHA Mortgage Insurance Certificates, VA Loan Guaranty Certificates and USDA Loan Guarantees
• Expert level BytePro user
• Experience with CALYX
• Responsible for the management and continuing education of a team of 4 processors
• Providing educational presentations to loan originators on a monthly basis

• I was the underwriter for our third party origination outlet at the bank
• I worked with brokers that submitted FHA, VA, Conventional and USDA RHS loans for underwriting review and approval
• I processed the file behind the broker for quality control related issues
• I reviewed credit, calculated income, reviewed asset accounts, reviewed appraisals and worked with appraisers to correct errors
• I reviewed all incoming files for compliance with regulatory requirements including RESPA, TILA and HMDA
• I used LP, DU and GUS on a daily basis.

• I worked at Countrywide and briefly Bank of America after the merger in 2008/2009
• Underwriting Conventional and USDA Rural Housing loans
• AUS expert level DU, LPA and CLUES
• In depth income and tax return analysis, asset review.
• Credit report analysis
• Appraisal review
• Compliance reviews on files prior to closing
• Preparation of closing packages and funding loans to the main frame system.

Details of responsibilities upon request