Niecole Stepherson
Jacksonville,FL
Summary
Disciplined Senior Mortgage Underwriter pays attention to details by analyzing risks and potential problems within mortgage applications. Team player collaborates well with other underwriters, originators and processors to produce quality results. Acts with fair and ethical behavior and complies with federal regulations and Fair Housing Act requirements.
Overview
11
11
years of professional experience
Work History
Senior Mortgage Loan Underwriter
One American Mortgage
San Francisco, CA
05.2022 - 03.2023
- Analyzed and evaluated loan applications to determine creditworthiness of potential borrowers.
- Reviewed borrower's financial documents such as income statements, tax returns, bank statements, and other relevant information.
- Verified employment history and reviewed appraisals for accuracy.
- Determined the appropriate loan amount based on established lending guidelines.
- Provided guidance and assistance to junior underwriters in their daily tasks.
- Assessed risk factors associated with each loan application.
- Performed quality assurance checks on all loan packages prior to submission to lenders.
- Reviewed title reports for accuracy and completeness before approving a loan package.
- Created detailed reports outlining findings from underwriting processes.
- Advised management on changes needed within the organization's underwriting process.
- Calculate qualifying ratios, determine creditworthiness; provide risk opinions
Senior Mortgage Underwriter
First Guaranty Mortgage Corporation
Plano, TX
04.2019 - 05.2022
- Evaluated loan applications and creditworthiness of potential borrowers.
- Conducted preliminary analysis of loan products and services offered by the company.
- Prepared detailed reports on underwriting findings and recommendations.
- Ensured compliance with all federal, state, and local regulations related to mortgage lending practices.
- Reviewed appraisals to ensure accuracy and compliance with company standards.
- Analyzed financial data, such as income statements, balance sheets, and tax returns to determine applicants' eligibility for mortgage loans.
- Assisted other departments with questions regarding underwriting guidelines or procedures.
- Researched any discrepancies between application information supplied by applicants versus third-party sources.
- Generated letters of denial or commitment based on approved and declined decisions.
- Reviewed collateral documentation including UCC filings for commercial transactions.
- Analyzed capacity, credit, cash and collateral to determine loan approval, counteroffer or denial.
- Communicated with applicants and internal team members to discuss identified conditions needed for approval.
- Resolved pre and post-closing issues relating to underwriting.
Mortgage Underwriter
Clayton Holdings LLC
Riverview, FL
08.2012 - 03.2019
- Reviewed loan agreements to verify completeness and accuracy according to applicable policies.
- Collaborated with company teams to expedite loan approval processes.
- Approved or denied loan applications and explained reasoning behind decisions.
- Reviewed credit histories from applicants and determined feasibility of granting requested loans.
- Assessed feasibility of loan approval by reviewing financial histories, available credit and current employment.
- Reviewed client documentation and contracts for discrepancies and mistakes.
- Analyzed applicant financial and credit status, evaluating assets and risk to determine loan feasibility.
- Verified client financial information to determine creditworthiness and loan eligibility.
- Researched applicant employment and financial histories to confirm document accuracy.
- Requested additional information for applications and documents when necessary.
- Collaborated with loan originators and processors to correctly review and assess applications and risks.
- Determined loan eligibility and approved or rejected applications.
- Evaluated loans against portfolio and investor guidelines.
- Reviewed titles and appraisals to validate properties to meet insurer and guarantor guidelines.
Education
High School Diploma -
Robert E Lee High School
JacksonvilleSkills
- Underwrote 3-4 new submissions daily, and maintained pipeline for resubmissions
- New Loans had an 24 hour turn around and resubmissions at an 48 hour turn around
- Automated Underwriting System (AUS) Proficient in DU/LP
- Expert in Encompass
- Credit File Updating, such as DTI, LTV, MIP, Investment Properties, Self employed Borrowers, Multiple properties owned/ financed within an application
- Loan File Maintenance
- Application Analysis
- Proficient in Agency guidelines and Investor Overlays
- Expert in Credit Reports Title and Appraisals
- Expert in reviewing Single Family Homes, 2-4 Unit homes, Condominiums, Townhomes and Mobile Homes
References
References available upon request.
Timeline
Senior Mortgage Loan Underwriter
One American Mortgage
05.2022 - 03.2023
Senior Mortgage Underwriter
First Guaranty Mortgage Corporation
04.2019 - 05.2022
Mortgage Underwriter
Clayton Holdings LLC
08.2012 - 03.2019
High School Diploma -
Robert E Lee High School
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