Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

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, CA
06.1983

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

Patricia M. Nelson