NAHOME MADUMERE
Houston,TX
Summary
Analytical mortgage loan underwriter with over five years of experience in independently underwriting residential loans. Expertise in risk mitigation, loan decision-making, and thorough understanding of DU/LP findings and agency guidelines. Proficient in evaluating creditworthiness and issuing clear-to-close approvals while ensuring compliance and minimizing risk. Demonstrated ability to manage multiple tasks with precision and attention to detail, contributing to profitability and operational efficiency.
Overview
7
7
years of professional experience
Work History
Mortgage Loan Underwriter
M&T Bank
Buffalo, NY (Remote)
07.2022 - Current
- Underwrite 20 to 25 residential mortgage applications weekly, ensuring compliance with FNMA, FHLMC, and regulatory guidelines.
- Review income, assets, credit reports, and trust documents, reducing loan defaults by 15% year over year.
- Collaborate with loan officers and processors to enhance operational efficiency, increasing processing speed while maintaining accuracy.
- Conduct risk assessments on applications totaling over $50 million annually, improving portfolio quality through data analysis.
- Issue well-documented underwriting decisions based on thorough risk assessments, achieving compliance audit pass rates exceeding 95%.
- Screen new accounts against OFAC Sanctions Lists to ensure regulatory compliance, and reduce risk exposure.
- Validate underwriting decisions with clear justifications for approvals, denials, and suspensions.
- Ensured mortgage insurance certification met documentation requirements prior to funding.
Mortgage Loan Underwriter
Tyndall Federal Credit Union
Panama City, FL (Remote)
01.2020 - 07.2022
- Reviewed and underwrote three to four mortgage applications daily, achieving 98% approval accuracy.
- Analyzed borrower financials, resulting in 98% underwriting accuracy and enhanced investor confidence.
- Underwrote diverse product range, maintaining loan approval-to-closure rate exceeding 90% across loan types.
- Validated appraisals and supporting documentation for loans totaling over $10M monthly, mitigating risks.
- Streamlined underwriting processes, reducing average processing time by two business days.
- Communicated with mortgage brokers and lenders to clarify conditions and resolve documentation issues.
- Ensured compliance with RESPA, TILA, ECOA, and HMDA requirements while monitoring for fraud.
Mortgage Loan Processor
Computershare
College Station, TX
09.2018 - 01.2020
- Managed preparation and review of mortgage loan packages, ensuring compliance with federal and company guidelines.
- Coordinated with loan officers and underwriters to resolve issues impacting loan closings.
- Procured and verified employment records, asset documentation, and credit reports for efficient processing.
- Utilized Encompass LOS to track loan progress, ensuring timely document submissions.
- Facilitated communication between over 50 lenders and borrowers, closing over 200 loans quarterly.
- Cultivated relationships with clients and vendors to resolve time-sensitive issues.
- Reviewed purchase, refinance, and modification loan packages, escalating compliance issues as necessary.
- Maintained compliance with TRID and RESPA regulations by updating checklists as needed.
Education
Associate of Arts - General Studies
Collin College
Plano, TX05.2021
Skills
- Mortgage loan underwriting
- Automated underwriting systems
- Income and asset validation
- Credit documentation review
- Risk assessment and mitigation
- Clear-to-close issuance
- Loan decision-making
- Manual underwriting processes
- Fannie Mae and Freddie Mac
- Loan origination systems
- Financial and tax analysis
- Due diligence practices
- Regulatory compliance (ECOA, HMDA, TRID, RESPA)
- Debt-to-income ratios
- Collateral evaluation
- LTV calculations
- Microsoft Office proficiency
- Attention to detail
- Customer service
- Team collaboration
- Time management
- Market trend analysis
- Appraisal review
- Loan documentation
- Effective communication
- Problem solving
Timeline
Mortgage Loan Underwriter
M&T Bank
07.2022 - Current
Mortgage Loan Underwriter
Tyndall Federal Credit Union
01.2020 - 07.2022
Mortgage Loan Processor
Computershare
09.2018 - 01.2020
Associate of Arts - General Studies
Collin College
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