Patricia M. Nelson
Roseville, CA,CA
Summary
Accomplished Sr. Underwriter with a proven track record at LoanDepot, enhancing team performance through mentorship and streamlining processes for efficiency. Expert in risk evaluations and underwriting guidelines, I significantly improved portfolio quality. Skilled in analyzing data and fostering strong relationships, my approach has consistently led to informed, timely decision-making and high customer satisfaction.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Sr. Underwriter III
LoanDepot
04.2024 - Current
- Participated in industry conferences and seminars to stay informed about the latest trends, regulatory changes, and best practices in underwriting.
- Mentored junior underwriters, fostering their professional growth and enhancing team performance.
- Streamlined underwriting processes for increased efficiency and faster turnaround times.
- Applied knowledge of underwriting guidelines to maintain compliance with applicable regulations and company standards.
- Analyzed credit, income, compliance, title documents, and appraisals during underwriting process.
- Examined credit reports, financial statements and tax returns to determine repayment capability.
- Made approval and denial recommendations by determining accurate risk levels.
- Determined and documented loan conditions and communicated requirements and decisions.
- Developed and implemented underwriting policies and procedures, establishing useful and accurate processing of applications.
- Review of VA loan file thru Issuing Loan Approvals
Sr. Mortgage Undewriter
Flagstar Bank
08.2019 - 02.2024
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Verified integrity of applicants' information to minimize fraud.
- Worked with processing team members to communicate errors and obtain missing information for current applications.
- Maintained mortgage program compliance with federal agencies such as VA, HUD, and FNMA.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
- Ensured compliance with federal regulations and company policies through diligent examination of mortgage documentation.
- Demonstrated sound decision-making in approving or denying loans based on comprehensive assessments of borrower''s creditworthiness and risk factors.
- Effectively communicated underwriting decisions to relevant parties, providing clear explanations for any required conditions or stipulations.
- Continuously updated industry knowledge through professional training sessions, seminars, conferences, and self-directed learning efforts.
- VA Loans- Reviewed files , Underwrote and Approved thru closing.
- Maintained a high level of customer satisfaction by providing timely responses to inquiries and addressing concerns promptly.
Sr. Mortgage Underwriter
Caliber Home Loans
05.2016 - 06.2019
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Verified integrity of applicants' information to minimize fraud.
- Worked with processing team members to communicate errors and obtain missing information for current applications.
- Maintained mortgage program compliance with federal agencies such as VA, HUD, and FNMA.
- Reviewed/Approved VA Loans, Used my SAR to review appraisal and approve.
- Checked personal and team calculations to validate information and underwriting decisions.
- Maintained a high level of customer satisfaction by providing timely responses to inquiries and addressing concerns promptly.
- Demonstrated sound decision-making in approving or denying loans based on comprehensive assessments of borrower''s creditworthiness and risk factors.
- Effectively communicated underwriting decisions to relevant parties, providing clear explanations for any required conditions or stipulations.
- Continuously updated industry knowledge through professional training sessions, seminars, conferences, and self-directed learning efforts.
Sr. Underwriter
Provident Bank Mortgage
03.2012 - 05.2016
- Participated in industry conferences and seminars to stay informed about the latest trends, regulatory changes, and best practices in underwriting.
- Mentored junior underwriters, fostering their professional growth and enhancing team performance.
- Applied knowledge of underwriting guidelines to maintain compliance with applicable regulations and company standards.
- Streamlined underwriting processes for increased efficiency and faster turnaround times.
- Received my credentials for VA. Reviewed and approved VA loans, used SAR to underwite Appraisal.
- Developed comprehensive underwriting guidelines that reduced inconsistencies and improved overall portfolio quality.
- Analyzed credit, income, compliance, title documents, and appraisals during underwriting process.
- Identified and resolved application discrepancies for accuracy and compliance with relevant regulations.
- Examined credit reports, financial statements and tax returns to determine repayment capability.
- Documented underwriting decisions and provided evidence of compliance with applicable regulations.
Education
High School Diploma -
Del Oro High School
Loomis, CA06.1983
Skills
- Analyzing data
- Training and mentoring
- Relationship Building
- Risk evaluations
- Underwriting guidelines
- Guidelines understanding
- Risk Assessments
- Teamwork and Collaboration
Certification
FHA CHUMS AND VA SAR
Timeline
Sr. Underwriter III
LoanDepot
04.2024 - Current
Sr. Mortgage Undewriter
Flagstar Bank
08.2019 - 02.2024
Sr. Mortgage Underwriter
Caliber Home Loans
05.2016 - 06.2019
Sr. Underwriter
Provident Bank Mortgage
03.2012 - 05.2016
High School Diploma -
Del Oro High School
FHA CHUMS AND VA SAR
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