OMOWONUOLA KHADIJAH JAJI
Houston,TX
Summary
A highly innovated and experienced Mortgage Underwriter with accurate and result driven finance profession of extensive experience working in the real estate and financial services industry with excellent knowledge and understanding of quality checking compliance with FHLMC and FNMA guidelines. Result driven leader eager to contribute experience in mortgage underwriting and customer service toward maximizing a top employer’s success, skilled with a strong sense of urgency and great problem-solving, organizational skills and ability to multi task high volume pipelines, assessing the potential risk of loan applicants, including current and past credit and job history, credit risk, income, assessment , appraisals, risk analysis, ensuring that all mortgage applications are complete and fall within acceptable guidelines.
Overview
10
10
years of professional experience
Work History
MORTGAGE UNDERWRITER
COMPUTERSHARE
01.2020 - Current
- Review credit report for monthly obligations and use information to compute DTI.
- Analyze business’s financial strength by examining annual earnings to determine stability and validity.
- Review assets to ensure adequate funds to close and required reserves.
- Review loan applications using Desktop Underwriter and Loan Product Advisor.
- Communicate conditions to loan processor in clear and concise manner and assist management to clear conditions and expedited loan closings.
- Underwrite conventional (conforming and non conforming) FHA, VA residential mortgage loans per product and investor guidelines through AUS and / or manual underwriting.
- Performed risk assessment of credit and collateral ensuring loan saleability.
- Managed daily pipeline while maintaining quality and meeting deadline.
- Ensure all loans meet corporate credit policy and be in compliance with investor requirements, federal and state laws and regulations.
- Ensure data in LOS is accurate and collaborates with documents in file.
- Review collateral (appraisal and title) for compliance with investor guidelines.
LEVEL 2 UNDERWRITER
SOURCE POINT MTG
01.2015 - 12.2019
- Managed receipt of file from Loan Officer through Final Approval.
- Thoroughly examined loan application for completeness and accuracy.
- Collect and verify necessary financial documentation, such as credit reports, to complete mortgage loan applications and determine creditworthiness.
- Prepared and submitted timely and accurate loan files to Closing Department.
- Performed consistent follow up with borrowers regarding loan status and provided top customer service.
- Conducted follow-up on outstanding documentation and kept file on track for timely closing.
- Maintained accurate communication log.
- Handled calls per day to address customer inquiries and concerns.
MORTGAGE LOAN PROCESSOR
SYRACUSE SECURITIES INC
01.2013 - 12.2015
- Reviewed credit package to ensure loans meet Fannie Mae / Freddie Mac guidelines and MetLife, overlays for and Conventional loans.
- Validated accuracy of credit, income and asset documentation per AUS findings and MetLife overlays.
- Self employment and Rental Income Calculation.
- Perform appraisal analysis.
- Reviewed loan files for completeness, identified missing documentation and generated condition lists for applicants.
- Document all findings and suspend loan if required documentation.
- Research and resolve complex credit and closing issues for correspondent Lenders.
- Complete "third party" fraud report and address any high-impact alerts.
- Maintained loan file compliance while managing pipeline at various volume levels.
- Conducted pre-funding and funding activities for over 30 monthly applications.
Education
Bachelor of Science - Human Resources Management
University of Lagos
Nigeria06.2012
Skills
- Credit and Income Analysis
- Risk Assessment
- Lending and Underwriting Guidelines
- Manual Underwriting
- Conforming and Non Conforming Loans
- FNMA / Freddie Mac
- Encompass Desktop Underwriter
- Cashflow Analysis
- Loan to Value Ratios / Debt to Income Ratios
- Microsoft (MS Word, PowerPoint, Excel and Teams)
- Loan Closing, Funding and Documentation
Timeline
MORTGAGE UNDERWRITER
COMPUTERSHARE
01.2020 - Current
LEVEL 2 UNDERWRITER
SOURCE POINT MTG
01.2015 - 12.2019
MORTGAGE LOAN PROCESSOR
SYRACUSE SECURITIES INC
01.2013 - 12.2015
Bachelor of Science - Human Resources Management
University of Lagos