PATRICIA J THORNTON
Farmington Hills,MI
Summary
Hardworking Senior Underwriter effective at achieving control and profitability objectives according to agency and company guidelines. Experienced in partnering with loan originators to support marketing and sales activities. Over 10 years of experience in Mortgage Lending. Skilled at reviewing documents and making accurate decisions. Bringing firm grasp of risk assessments, hazard recognition and acceptance criteria. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals. To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills.
Overview
9
9
years of professional experience
1
1
Certification
Work History
Remote Senior Mortgage Underwriter
Approved Mortgage Company
11.2021 - 08.2022
- Analyzed electronic residential loan applications for retail divisions to ensure compliance with company and industry standards.
- Assessed and analyzed various types of loans including Conforming, FHA/VA, JUMBO, and non-conforming loans to determine eligibility for approval.
- Reviewed and analyzed risk factors such as creditworthiness, collateral eligibility through appraisal reports, and financial stability of borrowers to make informed decisions on loan approvals.
- Proficient in implementing and adhering to investor/underwriting guidelines in order to mitigate potential risks.
- Conducted training sessions on FHA/VA guidelines and regulations to ensure compliance. Reviewed files completed by non-delegated underwriters and provided constructive feedback to enhance their underwriting skills.
- Successfully resolved underwriting issues by providing appropriate guidance and recommendations to loan originators and processors.
- Maintained open lines of communication with superiors to ensure quality of loan products and to address any training issues that may arise.
- Provided expert advice and guidance to loan originators by answering general and scenario-specific underwriting questions.
- Boosted loan originations by 35% through implementation of in-house government underwriting.
- Ensured compliance with company requirements by managing Service Level Agreement (SLA) requirements for all loans in pipeline.
Remote Senior PCQC Analyst
Indecomm Global Services
06.2018 - 10.2021
- Conduct comprehensive review of loan files after closing to ensure files are complete and accurate according to company and industry standards.
- Evaluate credit documents, such as mortgage applications, credit history, income documents, appraisals, title documents, and compliance documents, to determine borrower's creditworthiness and ensure compliance with company guidelines and industry standards.
- Assess various risk factors, including debt ratio, loan-to-value ratios, credit score, property valuation, and other relevant factors, to determine risk level associated with approving loan.
- Identify potential portfolio risks associated with the client's business practices, underwriting procedures, and exposure to fraudulent activities.
- Monitor changes to secondary market and investor guidelines and make necessary adjustments to company policies and procedures to remain in compliance.
- Evaluate quality of loan applications based on the severity of errors identified during review process and determine if remediation or repurchase is necessary.
Remote Senior Underwriter/Compliance Specialist
The Clayton Group, A Division Of Radian
02.2014 - 05.2018
- Evaluate mortgage loan documentation to ensure that borrowers and properties meet loan standards and comply with company, investor, and government guidelines.
- Perform comprehensive evaluation of loan documents to ensure adherence to company, investor, and government policies and regulations.
- Conducted thorough assessment of credit packages and collateral related to residential mortgage loans to guarantee the provision of top-notch loan products to investors.
- Possess extensive knowledge of conventional, FHA, Jumbo, and USDA guidelines.
- Conduct in-depth audits of mortgage loan files to evaluate compliance of originating lenders with underwriting guidelines and regulations.
- Provide expert forensic underwriting services for mortgage insurance policy claims, conducting thorough investigations and assessments of potential fraud and lender underwriting negligence.
- Analyze deficiency findings in the context of closed loans and contractual commitment terms to assess their materiality and provide guidance on appropriate remediation actions.
- Create comprehensive reports summarizing evaluation findings and draft legal correspondence to communicate those findings to lenders.
Underwriting Team Lead
MiMutual
02.2013 - 12.2013
- Coached team members in techniques necessary to complete job tasks.
- Trained new team members by relaying information on agency guidelines and company policies.
- Evaluated employee skills and knowledge regularly, training and mentoring individuals with lagging skills.
- Established open and professional relationships with team members to achieve quick resolutions for various issues.
- Took on additional job duties during unexpected backlog, resulting in meeting project target date.
- Worked well in a team setting, providing support and guidance
Education
Certification - Certified Audit And Investigation
Financial Crimes Academy
Farmington Hills, MI12.2023
Skills
- Quality Control
- Risk Evaluation
- Credit Application Review
- Loan Evaluations
- Fraud Detection Techniques
- Analysis and Evaluation
- Government Lending
- Guidelines Knowledge
- Loan Restructuring
- Collateral Valuation
- Loan Product Knowledge
- Desktop Underwriter
Certification
- Certificate in Fraud Detection and Investigation Foundations - Financial Crimes Academy
- FHA DE Underwriter - Federal Housing Administration
- VA LAPP - Veteran's Administration
- Certificate in Fraud Risk Management - Financial Crimes Academy
- Preventing Mortgage Fraud - MGIC
Timeline
Remote Senior Mortgage Underwriter
Approved Mortgage Company
11.2021 - 08.2022
Remote Senior PCQC Analyst
Indecomm Global Services
06.2018 - 10.2021
Remote Senior Underwriter/Compliance Specialist
The Clayton Group, A Division Of Radian
02.2014 - 05.2018
Underwriting Team Lead
MiMutual
02.2013 - 12.2013
Certification - Certified Audit And Investigation
Financial Crimes Academy
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